XML 154 R135.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Financial Statements of Parent Company - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 496,049 $ 475,543 $ 120,632
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 64,591 63,137 46,367
Share-based compensation 35,638 25,721 23,318
Extinguishment of debt cost   11,706  
Decrease (increase) in other assets 147 (79,312) 27,365
Decrease in other liabilities (144,181) 119,120 74,079
Net cash provided by operating activities 1,730,893 415,689 536,943
Cash flows from investing activities:      
Net cash inflow from acquisitions 250,115   2,566,376
Net cash inflow from acquisitions   39,929  
Net cash (used in) provided by investing activities (4,860,396) (2,319,261) 1,229,778
Cash flows from financing activities:      
Repayment of other borrowings (13,000) (100,878) (1,200,103)
Common stock issuance 2,858 2,384 1,537
Common stock repurchased (119,330) (147,421) (32,431)
Dividends paid (146,664) (135,337) (98,256)
Stock options exercised 1,585 2,905 1,681
Net cash (used in) provided by financing activities (2,279,505) 4,015,888 2,153,830
Net (decrease) increase in cash and cash equivalents (5,409,008) 2,112,316 3,920,551
Cash and cash equivalents at beginning of period 6,721,571 4,609,255 688,704
Cash and cash equivalents at end of period 1,312,563 6,721,571 4,609,255
Parent company | Reportable Legal Entities      
Cash flows from operating activities:      
Net income 496,049 475,543 120,632
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization (208) 1,382 1,528
Share-based compensation 35,638 25,721 23,316
Extinguishment of debt cost   11,706  
Decrease (increase) in other assets (375) 5,690 (11,710)
Decrease in other liabilities (243) (3,648) (12,323)
Undistributed earnings of subsidiaries (299,858) (307,109) (66,790)
Net cash provided by operating activities 231,003 209,285 54,653
Cash flows from investing activities:      
Repayment of investments in and advances to subsidiaries   93,591 163,000
Net cash inflow from acquisitions 51,566   19,650
Net cash (used in) provided by investing activities 51,566 93,591 182,650
Cash flows from financing activities:      
Repayment of other borrowings (13,000) (75,878)  
Common stock issuance 2,858 2,384 1,537
Common stock repurchased (119,330) (147,421) (32,431)
Dividends paid (146,664) (135,337) (98,256)
Stock options exercised 1,585 2,905 1,681
Net cash (used in) provided by financing activities (274,551) (353,347) (127,469)
Net (decrease) increase in cash and cash equivalents 8,018 (50,471) 109,834
Cash and cash equivalents at beginning of period 81,051 131,522 21,688
Cash and cash equivalents at end of period $ 89,069 $ 81,051 $ 131,522