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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities:      
Net income $ 733,611 $ 334,325 $ 133,125
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 203,206 221,632 208,646
Intangible assets amortization 252,898 247,299 454,451
Loss on debt extinguishment 61,991 0 90,201
Deferred income taxes (18,136) (11,099) (70,169)
Gain on Cavendish investment 0 (43,008) 0
Impairment of equity investment 2,775 18,339 0
Asset impairment 0 1,057 15,901
Stock-based compensation expense 89,322 75,978 71,580
Other, net (2,151) 22,474 2,711
Changes in operating assets and liabilities:      
Accounts receivable, net (91,275) 21,029 (32,119)
Inventories 9,390 10,252 (39,590)
Prepaid expenses and other assets (18,490) (14,513) 13,343
Accounts payable 34,201 15,425 15,167
Accrued liabilities 30,671 48,670 (3,899)
Income taxes payable and receivable 34,618 12,935 (38,206)
Other liabilities (20,778) (15,149) (10,778)
Net cash provided by operating activities 1,301,853 945,646 810,364
Investing activities:      
Purchases of property and equipment (186,960) (164,104) (220,937)
Purchases of available-for-sale debt securities 0 0 (132,732)
Proceeds from sales and maturities of available-for-sale debt securities 0 1,950 133,132
Purchases of businesses, net of cash acquired (47,069) (946,043) 0
Other investing activities 15,371 2,455 (27,017)
Net cash used in investing activities (218,658) (1,105,742) (247,554)
Financing activities:      
Repurchase and payment of debt (1,087,994) 0 (1,050,680)
Proceeds from borrowings and debt issuances (Note 9) 1,206,750 659,000 905,350
Repurchase of common stock, including transaction costs (515,084) (515,131) (638,074)
Proceeds from the issuance of common stock 42,598 50,198 41,289
Tax withholding paid on behalf of employees for restricted stock units (38,658) (21,791) (24,835)
Other financing activities (9,535) (6,717) (9,714)
Net cash (used in) provided by financing activities (401,923) 165,559 (776,664)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,425 (1,233) (1,166)
Net increase (decrease) in cash, cash equivalents and restricted cash 682,697 4,230 (215,020)
Cash, cash equivalents and restricted cash at the beginning of the period 715,612 711,382 926,402
Cash, cash equivalents and restricted cash at the end of the period 1,398,309 715,612 711,382
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,398,309 715,612 926,402
Interest Paid, Excluding Capitalized Interest, Operating Activities 81,232 48,871 56,039
Cash paid during the year for income taxes, net of refunds 53,236 55,513 69,453
Capital Expenditures Incurred but Not yet Paid $ 56,469 $ 22,904 $ 37,728