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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Apr. 03, 2021
Cash Flows from Operating Activities:      
Net income $ 115,401 $ 43,375 $ 79,469
Non-cash items:      
Depreciation and amortization 93,307 97,747 84,287
Impairment of assets 607 7,953 21,969
Share-based compensation expense 25,583 24,359 25,516
Gains on divestitures and sale of assets 382 9,603 32,812
Contingent consideration (504) 10,461 0
Deferred tax benefit 4,783 5,013 (19,866)
Amortization of deferred financing costs 1,970 3,404 564
Provision (benefit) for losses on inventory 664 (861) 7,860
Other non-cash operating activities 6,126 5,592 1,500
Change in operating assets and liabilities:      
Change in accounts receivable (24,421) (34,974) 44,121
Change in inventories 30,754 24,307 (38,909)
Change in prepaid income taxes 1,688 2,870 (3,822)
Change in other assets and other liabilities (22,334) (15,022) (4,650)
Change in accounts payable and accrued expenses 39,816 7,642 (56,422)
Net cash provided by operating activities 273,058 172,263 108,805
Cash Flows from Investing Activities:      
Capital expenditures (110,191) (96,509) (37,040)
Proceeds from divestitures 850 10,642 44,587
Proceeds from sale of property, plant and equipment 1,608 2,022 1,815
Payments to Acquire Businesses, Net of Cash Acquired 2,850 2,500 434,804
Payments to Acquire Other Investments (33,205) 0 0
Net cash used in investing activities (143,788) (86,345) (425,442)
Cash Flows from Financing Activities:      
Term loan borrowings 280,000 0 0
Term loan redemption (280,000) 0 0
Repayment of term loan borrowings (9,625) (17,500) (21,875)
Proceeds from revolving facility 50,000 0 0
Payments on revolving facility (50,000) 0 0
Debt issuance costs (1,118) 0 (13,457)
Net decrease in short-term loans 0 0 (60,000)
Proceeds from issuance of convertible notes 0 0 500,000
Purchase of capped call related to convertible notes 0 0 (47,400)
Contingent consideration payments (21,593) (4,791) 0
Proceeds from employee stock purchase plan 4,378 4,209 4,013
Proceeds from exercise of stock options 2,638 2,338 6,217
Share repurchases (75,000) 0 0
Other financing activities (44) (5) (46)
Net cash (used in) provided by financing activities (100,364) (15,749) 367,452
Effect of exchange rates on cash and cash equivalents (3,936) (2,978) 4,179
Net Change in Cash and Cash Equivalents 24,970 67,191 54,994
Cash and Cash Equivalents at Beginning of Year 259,496 192,305 137,311
Cash and Cash Equivalents at End of Year 284,466 259,496 192,305
Supplemental Disclosures of Cash Flow Information:      
Interest paid 13,587 6,187 7,824
Income taxes paid 17,967 24,298 12,487
Transfers from inventory to fixed assets for placement of Haemonetics equipment $ 81,136 $ 51,800 $ 9,287