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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Cash flows relating to operating activities      
Net income $ 398,837 $ 365,306 $ 254,061
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 265,540 234,924 198,095
Stock-based compensation 71,474 56,341 57,271
Loss on debt extinguishment and other financing costs 29,964 3,661 4,943
Deferred income taxes (24,006) (133) (21,895)
Loss (gain) on venture capital and strategic equity investments, net 30,420 (100,861) (20,706)
Gain on sale of businesses (25,026) 0 0
Contingent consideration (34,303) (468) 0
Other, net 4,957 14,080 2,988
Changes in assets and liabilities:      
Trade receivables and contract assets, net (26,633) (85,627) (8,323)
Inventories (25,159) (18,379) (21,399)
Accounts payable 44,901 748 29,775
Accrued compensation 44,304 40,481 3,394
Deferred revenue (13,402) 28,647 (3,620)
Customer contract deposits 16,925 8,955 (10,898)
Other assets and liabilities, net 2,006 (1,100) 17,250
Net cash provided by operating activities 760,799 546,575 480,936
Cash flows relating to investing activities      
Acquisition of businesses and assets, net of cash acquired (1,293,095) (418,628) (515,701)
Capital expenditures (228,772) (166,560) (140,514)
Purchases of investments and contributions to venture capital investments (45,555) (26,692) (22,341)
Proceeds from sale of businesses, net 122,694 0 0
Proceeds from sale of investments 6,532 11,401 942
Other, net 264 (1,065) (3,888)
Net cash used in investing activities (1,437,932) (601,544) (681,502)
Cash flows relating to financing activities      
Proceeds from long-term debt and revolving credit facility 6,951,113 2,230,988 3,358,461
Proceeds from exercises of stock options 45,652 46,586 34,546
Payments on long-term debt, revolving credit facility, and finance lease obligations (6,242,877) (2,200,400) (3,124,588)
Payment of debt extinguishment and financing costs (38,255) 0 (6,593)
Purchase of treasury stock (40,707) (23,979) (18,087)
Other, net (2,328) (5,947) (11,802)
Net cash provided by financing activities 672,598 47,248 231,937
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 17,730 794 11,357
Net change in cash, cash equivalents, and restricted cash 13,195 (6,927) 42,728
Cash, cash equivalents, and restricted cash, beginning of period 233,119 240,046 197,318
Cash, cash equivalents, and restricted cash, end of period 246,314 233,119 240,046
Supplemental cash flow information:      
Cash and cash equivalents 241,214 228,424 238,014
Restricted cash included in Other current assets 4,023 3,074 431
Restricted cash included in Other assets 1,077 1,621 1,601
Cash, cash equivalents, and restricted cash, end of period 246,314 233,119 240,046
Cash paid for income taxes 75,441 60,059 54,060
Cash paid for interest 70,775 72,461 67,813
Non-cash investing and financing activities:      
Purchases of Property, plant and equipment included in Accounts payable and Accrued liabilities 72,043 25,614 21,447
Assets acquired under finance leases $ 1,567 $ 1,571 $ 4,819