v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 83,966 $ 21,853
Depreciation and amortization 170,903 153,821
Other operating activities and non-cash items (5,871) 5,967
Changes in assets and liabilities (103,911) (157,492)
Net cash provided by operating activities 145,087 24,149
Cash flows from investing activities:    
Payments for property, plant and equipment (224,605) (79,897)
Proceeds from sale of property, plant and equipment 7,179 4,209
Proceeds from foreign exchange forward contracts 14,899 16,674
Payments for foreign exchange forward contracts (16,684) (15,992)
Payments for short-term investments (258,469) (169,720)
Proceeds from sale of short-term investments 14,607 32,345
Proceeds from maturities of short-term investments 127,318 147,825
Other investing activities 1,036 1,502
Net cash used in investing activities (334,719) (63,054)
Cash flows from financing activities:    
Payments of long-term debt (27,737) (25,493)
Payments of finance lease obligations (14,543) (15,659)
Payments of dividends (20,694) 0
Other financing activities (4,073) (1,099)
Net cash used in financing activities (67,047) (42,251)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (282) 5,172
Net decrease in cash, cash equivalents and restricted cash (256,961) (75,984)
Cash, cash equivalents and restricted cash, beginning of period 1,446,123 1,134,312
Cash, cash equivalents and restricted cash, end of period 1,189,162 1,058,328
Non-cash investing and financing activities:    
Property, plant and equipment included in capital expenditures payable 381,637 202,242
Dividends declared and unpaid 0 20,423
Right of use assets acquired through operating lease liabilities 239 395
Right of use assets acquired through finance lease liabilities 4,007 10,645
Property, plant and equipment acquired through exchange and derecognition of right of use assets 5,250 11,507
Grants and incentive receivables recognized for qualified capital expenditures $ 37,648 $ 2,939