XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities:      
Net Income $ 214,352 $ 393,913 $ 902,987
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation 139,451 144,577 146,274
Amortization of intangibles 37,893 37,602 38,039
Share-based compensation 83,334 69,072 60,081
Bad debt expense (1,502) 18,279 1,202
Inventory obsolescence 63,748 64,916 40,881
Deferred income taxes 176,385 69,510 56,658
Income from equity method investments (18,423) (25,429) (11,842)
Loss on extinguishment of long-term borrowings 0 0 101,695
Loss (gain) on sale of assets, net 1,016 (26,905) (23,823)
Release of valuation allowance on deferred tax assets 0 0 (540,803)
Content asset amortization 51,837 56,037 47,369
Loss on liquidation of subsidiary 0 45,366 0
Changes in assets and liabilities:      
Accounts receivable, net (198,322) 197,902 (85,603)
Inventories 261,309 (203,522) (330,899)
Prepaid expenses and other current assets 8,182 (11,960) (26,533)
Accounts payable, accrued liabilities, and income taxes payable 135,767 (341,605) 208,722
Content asset spend (58,062) (60,259) (44,313)
Other, net (27,174) 15,348 (54,629)
Net cash flows provided by operating activities 869,791 442,842 485,463
Cash Flows From Investing Activities:      
Purchases of tools, dies, and molds (74,480) (80,175) (74,222)
Purchases of other property, plant, and equipment (85,820) (106,328) (77,131)
Proceeds from (payments for) foreign currency forward exchange contracts, net 14,948 (520) 1,585
Proceeds from sale of assets 6,847 38,148 43,649
Other, net (3,913) 4,650 1,022
Net cash flows used for investing activities (142,418) (144,225) (105,097)
Cash Flows From Financing Activities:      
Payments of short-term borrowings, net 0 0 (969)
Payments of long-term borrowings, net 0 (250,000) (1,575,997)
Proceeds from long-term borrowings, net 0 0 1,184,913
Share repurchases (203,016) 0 0
Tax withholdings for share-based compensation (35,108) (30,440) (19,987)
Proceeds from stock option exercises 26,742 27,750 12,131
Other, net (15,185) (7,949) (2,165)
Net cash flows used for financing activities (226,567) (260,639) (402,074)
Effect of Currency Exchange Rate Changes on Cash and Equivalents (678) (8,105) (9,111)
Change in Cash and Equivalents 500,128 29,873 (30,819)
Cash and Equivalents at Beginning of Period 761,235 731,362 762,181
Cash and Equivalents at End of Period 1,261,363 761,235 731,362
Cash paid during the year for:      
Income taxes, gross 93,641 89,617 93,129
Interest $ 117,701 $ 129,217 $ 210,140