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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Operating activities    
Net earnings $ 357,282 $ 262,106
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 121,301 125,095
(Gain) loss on disposal of property and equipment (372) (254)
Inventory write-offs for obsolescence 18,197 14,960
Deferred income taxes 8,843 (4,208)
Other 4,272 8,376
Change in U.S. transition tax liability (14,757) (14,757)
Change in repatriation tax liability (25,201) 0
Net change in operating assets and liabilities (151,773) (80,866)
Net cash provided by operating activities 317,792 310,452
Investing activities    
Capital expenditures (172,175) (118,156)
Proceeds from sale of property and equipment 472 1,257
Purchase of short-term investments (182,079) (55,491)
Maturity of short-term investments 132,892 126,171
Other investing activities (199) 347
Net cash provided by (used in) investing activities (221,089) (45,872)
Financing activities    
Repurchase of convertible debt instruments 0 (300)
Repurchase of common stock held in treasury (54,671) 0
Distributions to noncontrolling interests (741) (800)
Cash withholding taxes paid when shares withheld for vested equity awards (2,123) (1,963)
Net cash provided by (used in) financing activities (100,597) (44,334)
Effect of exchange rate changes on cash and cash equivalents (35,222) (8,360)
Net increase (decrease) in cash and cash equivalents (39,116) 211,886
Cash and cash equivalents at beginning of period 774,108 619,874
Cash and cash equivalents at end of period 734,992 831,760
Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders (39,433) (37,823)
Class B Convertible Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders $ (3,629) $ (3,448)