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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows relating to operating activities    
Net income $ 168,743 $ 203,397
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 171,439 154,740
Stock-based compensation 33,325 29,730
Deferred income taxes (13,073) (16,555)
Long-lived asset impairment charges 14,250 10,453
(Gain) loss on venture capital & strategic equity investments, net (6,305) 5,176
Provision for credit losses 4,719 9,849
Loss on divestitures, net 659 563
Other, net 9,090 3,229
Changes in assets and liabilities:    
Trade receivables and contract assets, net 1,072 (48,249)
Inventories 9,750 (32,671)
Accounts payable (6,436) (24,985)
Accrued compensation (33,153) (7,648)
Deferred revenue 8,151 (6,796)
Customer contract deposits 7,849 (17,519)
Other assets and liabilities, net (46,657) (5,209)
Net cash provided by operating activities 323,423 257,505
Cash flows relating to investing activities    
Acquisition of businesses and assets, net of cash acquired (5,479) (50,166)
Capital expenditures (118,630) (174,258)
Purchases of investments and contributions to venture capital investments (35,538) (22,689)
Proceeds from sale of investments 12,359 2,943
Other, net (370) (1,057)
Net cash used in investing activities (147,658) (245,227)
Cash flows relating to financing activities    
Proceeds from long-term debt and revolving credit facility 741,200 281,796
Proceeds from exercises of stock options 22,331 15,719
Payments on long-term debt, revolving credit facility, and finance lease obligations (987,344) (317,049)
Purchase of treasury stock (18,265) (23,978)
Payments of contingent consideration 0 (2,711)
Purchases of additional equity interests, net (12,000) 0
Other, net (13,434) 0
Net cash used in financing activities (267,512) (46,223)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (11,729) 1,508
Net change in cash, cash equivalents, and restricted cash (103,476) (32,437)
Cash, cash equivalents, and restricted cash, beginning of period 284,480 241,214
Cash, cash equivalents, and restricted cash, end of period $ 181,004 $ 208,777