v3.22.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 675,829 $ 468,935
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 135,658 127,942
(Gain) Loss on disposal of property and equipment (2,061) 701
Other, net 15,649 15,352
Changes in operating assets and liabilities, net (9,022) (104,639)
Net cash provided by operating activities 816,053 508,291
Cash flows from investing activities:    
Purchase of property and equipment (323,063) (206,109)
Proceeds from sale of property and equipment 18,928 15,512
Purchase of short-term investments (99,997) (89,965)
Proceeds from maturities of short-term investments 129,884 255,072
Net cash used in investing activities (274,248) (25,490)
Cash flows from financing activities:    
Payments for share repurchases (731,870) (280,215)
Forward contract for accelerated share repurchases   (68,750)
Dividends paid (68,035) (46,408)
Other financing activities, net (8,330) (4,654)
Net cash used in financing activities (808,235) (400,027)
Decrease in cash and cash equivalents (266,430) 82,774
Cash and cash equivalents at beginning of period 462,564 401,430
Cash and cash equivalents at end of period $ 196,134 $ 484,204

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