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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Operating Activities      
Net income $ 2,117,399 $ 12,531 $ 19,265
Adjustments to reconcile net income to cash provided by (used in) operating activities of continuing operations:      
Income from discontinued operations, net of income taxes (2,175,273) (128,016) (121,940)
Depreciation of property and equipment 18,051 16,267 15,193
Amortization of other intangible assets 44,505 42,569 37,734
Amortization of debt discount and debt issuance costs 22,767 21,433 13,485
Loss on extinguishment of convertible debt 3,370 4,060  
Stock-based compensation expense 56,842 49,454 44,334
Equity-method earnings (13,728) (2,116) (320)
Deferred income taxes (3,414) (6,533) 23,048
Changes in operating assets and liabilities:      
Accounts receivable (3,144) (17,612) (2,401)
Inventories (1,510) 9,148 (4,203)
Prepaid expenses and other assets 44,664 (50,664) 6,970
Accounts payable (7,704) 15,263 7,830
Other current liabilities and income taxes 2,109 3,215 (6,867)
Deferred revenue and returns liability 863 (6,694) (3,243)
Other non-current liabilities (14,599) 28,856 (6,708)
Net cash provided by (used in) operating activities of continuing operations 91,198 (8,839) 22,177
Investing Activities      
Purchases of marketable securities (1,541,971) (519,567) (424,524)
Sales and maturities of marketable securities 1,095,041 497,357 344,937
Purchases of property and equipment (28,577) (18,088) (15,300)
Purchases of other assets (1,158) (1,210) (7,926)
Acquisitions of businesses, net of cash acquired   (316,809)  
Net cash used in investing activities of continuing operations (476,665) (358,317) (102,813)
Financing Activities      
Proceeds from issuance of debt   845,000  
Payments on debt (140,572) (624,737) (1,132)
Repurchases of common stock (1,150,044) (16,287) (26,716)
Payment of taxes withheld for vested stock awards (22,239) (18,124) (16,295)
Proceeds from the issuance of common stock 14,183 15,015 14,496
Net cash provided by (used in) financing activities of continuing operations (1,298,672) 200,867 (29,647)
Discontinued Operations      
Operating activities (191,642) 144,557 144,345
Investing activities 2,747,684 (2,694) (3,959)
Net cash provided by discontinued operations 2,556,042 141,863 140,386
Increase (decrease) in cash and cash equivalents 871,903 (24,426) 30,103
Cash and cash equivalents at beginning of period 202,720 227,146 197,043
Cash and cash equivalents at end of period 1,074,623 202,720 227,146
Supplemental Disclosure of Cash Flow Information:      
Interest paid 5,010 8,662 6,367
Income taxes paid $ 266,277 $ 7,217 $ 10,291