XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income $ 200,325 $ 182,557
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 36,221 40,979
Non-cash operating lease expense 8,856 11,481
Stock-based compensation 47,819 32,067
Amortization of prepaid debt fees 5,401 3,669
Deferred taxes, net 48,860 (17,509)
Loss on sale of business 79 656
Restructuring, non-cash (25) (171)
Other adjustments, net (531) (838)
Changes in operating assets and liabilities, net of acquisition and sale of business:    
Accounts receivable (12,127) (31,169)
Inventories 19,828 5,532
Other current assets (40,295) 4,102
Other long-term assets 6,918 (1,391)
Accounts payable, other current liabilities, and taxes payable (5,959) (39,054)
Wages and benefits payable (30,801) (18,010)
Unearned revenue 34,320 33,453
Warranty (2,404) (476)
Restructuring (16,445) (19,816)
Other operating, net (13,409) (27,736)
Net cash provided by operating activities 286,631 158,326
Investing activities    
Net proceeds related to the sale of business 278 405
Acquisitions of property, plant, and equipment (15,077) (20,878)
Business acquisitions, net of cash and cash equivalents acquired 0 (34,126)
Other investing, net (1,995) 212
Net cash used in investing activities (16,794) (54,387)
Financing activities    
Proceeds from borrowings 0 805,000
Issuance of common stock 6,332 4,317
Payments on call spread for convertible offering 0 (108,997)
Repurchase of common stock 0 (100,000)
Prepaid debt fees (2,207) (21,617)
Other financing, net (2,288) (2,618)
Net cash provided by financing activities 1,837 576,085
Effect of foreign exchange rate changes on cash and cash equivalents 9,033 434
Increase in cash and cash equivalents 280,707 680,458
Cash and cash equivalents at beginning of period 1,051,237 302,049
Cash and cash equivalents at end of period 1,331,944 982,507
Supplemental disclosure of cash flow information:    
Income taxes, net 48,783 59,212
Interest $ 12,787 $ 4,062