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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
Cash flows relating to operating activities      
Net income $ 480,370 $ 492,608 $ 398,837
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 314,124 303,870 265,540
Stock-based compensation 72,048 73,617 71,474
Loss on debt extinguishment and amortization of other financing costs 3,967 4,118 29,964
Deferred income taxes (50,903) (35,884) (24,006)
Long-lived asset impairment charges 41,911 5,816 733
(Gain) loss on venture capital and strategic equity investments, net (97,827) 26,775 30,420
Provision for credit losses 18,225 6,706 1,657
Loss (gain) on divestitures, net 961 (123,405) (25,026)
Changes in fair value of contingent consideration arrangements 1,810 (3,753) (34,303)
Other, net 1,592 21,726 2,567
Changes in assets and liabilities:      
Trade receivables and contract assets, net (33,434) (150,570) (26,633)
Inventories (62,301) (78,523) (25,159)
Accounts payable (20,427) (2,652) 44,901
Accrued compensation 12,447 (42,164) 44,304
Deferred revenue (21,743) 57,658 (13,402)
Customer contract deposits (15,564) 30,457 16,925
Other assets and liabilities, net 38,642 33,240 2,006
Net cash provided by operating activities 683,898 619,640 760,799
Cash flows relating to investing activities      
Acquisition of businesses and assets, net of cash acquired (194,785) (283,392) (1,293,095)
Capital expenditures (318,528) (324,733) (228,772)
Purchases of investments and contributions to venture capital investments (54,215) (158,274) (45,555)
Proceeds from sale of investments 6,667 4,549 6,532
Proceeds from sale of businesses, net 0 163,275 122,694
Other, net (2,294) (9,347) 264
Net cash used in investing activities (563,155) (607,922) (1,437,932)
Cash flows relating to financing activities      
Proceeds from long-term debt and revolving credit facility 776,353 2,952,430 6,951,113
Proceeds from exercises of stock options 25,597 25,110 45,652
Payments on long-term debt, revolving credit facility, and finance lease obligations (851,676) (2,932,636) (6,242,877)
Purchase of treasury stock (24,155) (38,651) (40,707)
Payment of debt extinguishment and financing costs 0 0 (38,255)
Payments of contingent consideration (2,711) (10,356) (2,328)
Purchases of additional equity interests, net (4,784) (30,533) 0
Other, net (4,145) (7,761) 0
Net cash (used in) provided by financing activities (85,521) (42,397) 672,598
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 8,044 25,579 17,730
Net change in cash, cash equivalents, and restricted cash 43,266 (5,100) 13,195
Cash, cash equivalents, and restricted cash, beginning of period 241,214 246,314 233,119
Cash, cash equivalents, and restricted cash, end of period $ 284,480 $ 241,214 $ 246,314