XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2021
Oct. 03, 2020
Operating Activities    
Net income $ 2,120,497 $ 3,583
Adjustments to reconcile net income to cash provided by operating activities of continuing operations:    
Income from discontinued operations, net of income taxes (2,183,884) (97,721)
Depreciation of property and equipment 12,925 11,789
Amortization of intangible assets and other assets 33,971 31,118
Amortization of debt discount and debt issuance costs 17,278 14,946
Loss on extinguishment of convertible debt 3,370 3,977
Stock-based compensation expense 36,916 36,252
Deferred income taxes (3,132) (7,382)
Changes in operating assets and liabilities:    
Accounts receivable 22,573 (2,902)
Inventories (11,320) 12,499
Prepaid expenses and other assets 27,598 (5,602)
Accounts payable (4,522) 6,103
Other current liabilities and income taxes (10,981) 3,608
Deferred revenue and returns liability (1,657) 2,643
Other non-current liabilities (11,388) 7,525
Net cash provided by operating activities of continuing operations 48,244 20,436
Investing Activities    
Purchases of marketable securities (1,212,572) (418,227)
Sales and maturities of marketable securities 368,416 427,235
Purchases of property and equipment (19,468) (13,589)
Purchases of other assets (578) (920)
Acquisition of businesses, net of cash acquired   (316,809)
Net cash used in investing activities of continuing operations (864,202) (322,310)
Financing Activities    
Proceeds from issuance of debt   845,000
Payments on debt (140,572) (618,729)
Repurchases of common stock (688,373) (16,287)
Payment of taxes withheld for vested stock awards (21,393) (17,562)
Proceeds from the issuance of common stock 8,619 8,155
Net cash provided by (used in) financing activities of continuing operations (841,719) 200,577
Discontinued Operations    
Operating activities 69,685 106,527
Investing activities 2,747,684 (2,018)
Net cash provided by discontinued operations 2,817,369 104,509
Increase in cash and cash equivalents 1,159,692 3,212
Cash and cash equivalents at beginning of period 202,720 227,146
Cash and cash equivalents at end of period $ 1,362,412 $ 230,358