Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.22.2.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 1,053,230 $ 755,569
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 204,009 193,106
Gain on disposal of property and equipment (2,584) (179)
Deferred income taxes 20,705 9,193
Other, net 24,772 22,915
Changes in operating assets and liabilities, net 30,102 (107,989)
Net cash provided by operating activities 1,330,234 872,615
Cash flows from investing activities:    
Purchase of property and equipment (504,782) (384,688)
Proceeds from sale of property and equipment 20,044 18,635
Purchase of short-term investments (163,720) (254,832)
Proceeds from maturities of short-term investments 259,623 360,203
Other investing activities, net   (500)
Net cash used in investing activities (388,835) (261,182)
Cash flows from financing activities:    
Payments for share repurchases (1,077,301) (536,465)
Forward contract for accelerated share repurchases   (62,500)
Dividends paid (101,440) (69,387)
Other financing activities, net (8,495) (4,750)
Net cash used in financing activities (1,187,236) (673,102)
Decrease in cash and cash equivalents (245,837) (61,669)
Cash and cash equivalents at beginning of period 462,564 401,430
Cash and cash equivalents at end of period $ 216,727 $ 339,761