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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Cash flows from operating activities:    
Net income (loss) $ (121,615) $ (35,811)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 210,394 160,493
Impairment of assets 5,555 0
Stock-based compensation expense 21,928 25,758
Non-cash interest expense 3,539 2,117
Fair value gain on contingent acquisition shares (19,922) 0
Loss on currency hedges 11,123 0
Deferred income tax benefit (29,472) (20,612)
Loss on sale of property, plant and equipment (2,116) (14,832)
Changes in operating assets and liabilities:    
Trade receivables, net (29,187) (6,527)
Inventories, net (2,844) (29,917)
Accounts payable (11,503) (12,379)
Other operating assets and liabilities (10,706) (1,717)
Net cash provided by operating activities 25,174 66,573
Cash flows from investing activities:    
Purchases of property, plant and equipment and intangibles (127,522) (94,279)
Proceeds from sale of property, plant and equipment 0 42,571
Payments for acquisitions, net of cash received, and investments (765,422) (131,387)
Payment for settlement of derivatives (4,645) 0
Net cash used in investing activities (897,589) (183,095)
Cash flows from financing activities:    
Proceeds from borrowings on term credit facility 400,000 0
Repayments of borrowings under term credit facility (15,000) (219,468)
Proceeds from borrowings on revolving credit facilities and other 940,000 400,000
Repayments of borrowings on revolving credit facilities and other (447,005) (47,345)
Payment of debt issuance costs (703) (8,000)
Payments of tax withholding for stock-based awards (4,772) 0
Proceeds from issuance of common stock, net 1,555 1,489
Deferred consideration payments and other (7,174) (1,668)
Net cash provided by financing activities 866,901 125,008
Effect of foreign exchange rates on Cash and cash equivalents 480 (652)
Increase (decrease) in Cash, cash equivalents and restricted cash (5,034) 7,834
Cash, cash equivalents and restricted cash, beginning of period 44,832 24,295
Cash, cash equivalents and restricted cash, end of period 39,798 32,129
Supplemental disclosures - Non-cash investing activities:    
Fair value of contingently issuable shares in business acquisition $ 107,877 $ 0