Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash flows from operating activities      
Net earnings $ 225,072 $ 240,378  
Adjustments to reconcile net earnings to net cash used in operating activities      
Depreciation and amortization 57,062 49,325  
Provision for credit losses and returns 2,122 12,749  
Stock compensation 24,458 20,693  
Deferred income taxes 2,904 3,648  
Net foreign currency adjustments (16,333) 4,929  
Changes in operating assets and liabilities      
Receivables (239,241) (322,773)  
Inventory 157,951 147,535  
Other assets (92,446) (37,635)  
Accounts payable (273,100) (162,862)  
Other liabilities 45,915 6,407  
Net cash used in operating activities (105,636) (37,606)  
Cash flows from investing activities      
Capital expenditures (147,101) (57,087)  
Purchases of investments (41,744) (65,065)  
Proceeds from sales and maturities of investments 61,840 29,589  
Net cash used in investing activities (127,005) (92,563)  
Cash flows from financing activities      
Repayments on long-term borrowings (75,714) (904)  
Proceeds from long-term borrowings 68,688 57,679  
Net proceeds from (repayments on) short-term borrowings 134,856 (11,894)  
Payments for employee taxes related to stock compensation (16,659) (27,927)  
Repurchases of common stock 0 (60,020)  
Distributions to noncontrolling interests 0 (400)  
Net cash provided by (used in) financing activities 111,171 (43,466)  
Effect of exchange rate changes on cash and cash equivalents (1,955) 4,183  
Net change in cash and cash equivalents (123,425) (169,452)  
Cash and cash equivalents at beginning of the period 1,116,516 1,189,910 $ 1,189,910
Cash and cash equivalents at end of the period 993,091 1,020,458 $ 1,116,516
Cash paid during the period for      
Interest 6,478 4,630  
Income taxes, net 35,313 28,295  
Non-cash transactions      
Right-of-use assets exchanged for lease liabilities $ 160,765 $ 105,285