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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net sales $ 4,206,289 $ 3,318,602 $ 2,619,319
Cost of sales 2,348,425 2,017,923 2,549,461
Gross profit 1,857,864 1,300,679 69,858
Operating expenses:      
Selling, general and administrative 188,262 197,622 164,724
Research and development 191,375 152,307 112,804
Production start-up 84,492 64,777 73,077
Litigation loss 430 35,590 0
Total operating expenses 464,559 450,296 350,605
Gain on sales of businesses, net 1,115 6,883 253,511
Operating income (loss) 1,394,420 857,266 (27,236)
Foreign currency loss, net (24,976) (21,533) (16,414)
Interest income 89,090 97,667 33,284
Interest Expense, net (38,870) (12,965) (12,225)
Other (expense) income, net (13,326) (29,145) 31,189
Income before taxes 1,406,338 891,290 8,598
Income tax expense (114,294) (60,513) (52,764)
Net income (loss) $ 1,292,044 $ 830,777 $ (44,166)
Net income (loss) per share:      
Basic $ 12.07 $ 7.78 $ (0.41)
Diluted $ 12.02 $ 7.74 $ (0.41)
Weighted-average number of shares used in per share calculations:      
Basic 107,015 106,795 106,551
Diluted 107,525 107,372 106,551