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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (157,311) $ 138,378
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 14,988 13,464
Loss (gain) from exchange rate fluctuations 7,799 (20,441)
Stock-based compensation expenses 37,606 39,235
Deferred income taxes, net (41,847) (3,930)
Other items 4,371 2,810
Changes in assets and liabilities:    
Trade receivables, net 210,376 (55,002)
Inventories, net (105,810) (141,521)
Prepaid expenses and other assets 42,164 (20,591)
Right-of-use assets 5,255 3,918
Trade payables, net (210,449) (50,410)
Employees and payroll accruals (2,460) 10,227
Warranty obligations (15,582) 57,864
Deferred revenues and customers advances (523) 9,325
Operating lease liabilities (5,219) (3,958)
Accrued expenses and other liabilities, net (377) 28,555
Net cash provided by (used in) operating activities (217,019) 7,923
Cash flows from investing activities:    
Investment in available-for-sale marketable securities (129,221) (38,979)
Proceeds from sales and maturities of available-for-sale marketable securities 319,605 11,597
Purchase of property, plant and equipment (26,347) (38,338)
Disbursements for loans receivables (7,500) 0
Investment in privately-held companies (8,831) (5,500)
Proceeds from loan receivables 1,625 0
Other investing activities (323) 3,440
Net cash provided by (used in) investing activities 149,008 (67,780)
Cash flows from financing activities:    
Repurchase of common stock (33,222) 0
Payments on account of repurchase of common stock (16,778) 0
Tax withholding in connection with stock-based awards, net (470) (4,541)
Other financing activities (517) (681)
Net cash used in financing activities (50,987) (5,222)
Effect of exchange rate differences on cash and cash equivalents (5,241) 9,816
Decrease in cash and cash equivalents (124,239) (55,263)
Cash and cash equivalents at the beginning of the period 338,468 783,112
Cash and cash equivalents at the end of the period 214,229 727,849
Supplemental disclosure of non-cash activities:    
Right-of-use asset recognized with a corresponding lease liability 1,085 11,258
Purchase of property, plant and equipment $ 4,760 $ 12,304