XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Operating Activities    
Net income $ 66,041 $ 2,120,497
Adjustments to reconcile net income to net cash provided by operating activities of continuing operations:    
Income from discontinued operations, net of income taxes   (2,183,884)
Depreciation of property and equipment 16,514 12,925
Amortization of other intangible assets 27,328 33,971
Amortization of debt discount and debt issuance costs 1,492 17,278
Loss on extinguishment of convertible debt 3 3,370
Stock-based compensation expense 43,213 36,916
Equity-method earnings (2,985) (5,938)
Deferred income taxes (13,126) (3,132)
Changes in operating assets and liabilities:    
Accounts receivable 21,641 22,573
Inventories (39,100) (11,320)
Prepaid expenses and other assets (28,404) 33,536
Accounts payable 26,694 (4,522)
Other current liabilities and income taxes 17,962 (10,981)
Deferred revenue and returns liability (2,144) (1,657)
Other non-current liabilities (7,713) (11,388)
Net cash provided by operating activities of continuing operations 127,416 48,244
Investing Activities    
Purchases of marketable securities (579,507) (1,212,572)
Sales of marketable securities 42,952 194,492
Maturities of marketable securities 597,399 173,924
Purchases of property and equipment (20,057) (19,468)
Purchases of other assets   (578)
Net cash provided by (used in) investing activities of continuing operations 40,787 (864,202)
Financing Activities    
Payments on debt (21) (140,572)
Repurchases of common stock (681,695) (688,373)
Payment of taxes withheld for vested stock awards (14,732) (21,393)
Proceeds from the issuance of common stock 6,366 8,619
Net cash used in financing activities of continuing operations (690,082) (841,719)
Discontinued Operations    
Operating activities (69,467) 69,685
Investing activities 0 2,747,684
Net cash provided by (used in) discontinued operations (69,467) 2,817,369
Increase (decrease) in cash and cash equivalents (591,346) 1,159,692
Cash and cash equivalents at beginning of period 1,074,623 202,720
Cash and cash equivalents at end of period $ 483,277 $ 1,362,412