v3.24.2.u1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 614,349 $ 577,400
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 169,100 155,738
Loss (Gain) on disposal of property and equipment 1,300 (6,431)
Other, net 15,005 14,871
Changes in operating assets and liabilities, net 11,994 (38,371)
Net cash provided by operating activities 811,748 703,207
Cash flows from investing activities:    
Purchase of property and equipment (357,638) (479,396)
Proceeds from sale of property and equipment 4,829 17,610
Purchase of short-term investments (30,000)  
Proceeds from maturities of short-term investments   48,852
Net cash used in investing activities (382,809) (412,934)
Cash flows from financing activities:    
Payments for share repurchases (597,113) (302,195)
Forward contract for accelerated share repurchases (40,000)  
Principal payments under debt agreements (20,000) (20,000)
Dividends paid (112,584) (87,827)
Other financing activities, net (18,737) (11,422)
Net cash used in financing activities (788,434) (421,444)
Decrease in cash and cash equivalents (359,495) (131,171)
Cash and cash equivalents at beginning of period 433,799 186,312
Cash and cash equivalents at end of period $ 74,304 $ 55,141

Source