Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 1,121,040 $ 945,851
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 97,016 95,823
Unrealized foreign exchange loss and other 12,078 7,718
Stock-based compensation expense 70,182 61,700
Deferred income taxes (10,615) (81,682)
Changes in assets and liabilities:    
Accounts receivable (12,575) (91,660)
Inventories (95,738) (59,326)
Other assets 50,921 152,641
Accounts payable (23,680) (12,463)
Deferred system revenue 1,974 (108,648)
Deferred service revenue (4,970) 35,863
Other liabilities (44,042) 49,421
Net cash provided by operating activities 1,161,591 995,238
Cash flows from investing activities:    
Capital expenditures (95,894) (60,393)
Proceeds from capital-related government assistance 1,541 0
Purchases of available-for-sale and equity securities (949,871) (837,935)
Proceeds from maturity and sale of available-for-sale securities 632,795 727,247
Purchases of trading securities (156,864) (17,581)
Proceeds from sale of trading securities 158,305 17,623
Net cash used in investing activities (409,988) (171,039)
Cash flows from financing activities:    
Payment of debt issuance costs (1,602) 0
Common stock repurchases (545,067) (567,383)
Payment of dividends to stockholders (254,008) (198,079)
Tax withholding payments related to vested and released restricted stock units (81,122) (72,246)
Net cash used in financing activities (881,799) (837,708)
Effect of exchange rate changes on cash and cash equivalents (2,501) 13,582
Net increase (decrease) in cash and cash equivalents (132,697) 73
Cash and cash equivalents at beginning of period 2,078,908 1,977,129
Cash and cash equivalents at end of period 1,946,211 1,977,202
Supplemental cash flow disclosures:    
Income taxes paid, net 119,049 96,395
Interest paid, net of capitalized interest 131,494 131,126
Non-cash activities:    
Dividends payable - financing activities 2,263 2,009
Unsettled common stock repurchase - financing activities 20,207 5,499
Accrued purchases of land, property and equipment - investing activities $ 32,758 $ 13,849