XML 22 R8.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2021
Dec. 29, 2019
Dec. 30, 2018
Restricted Cash $ 578 $ 17 $ 3,204
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 402,614 191,894 166,315
Operating activities:      
Net income 727,887 227,558 237,927
Loss (gain) from discontinued operations and dispositions, net of income taxes 211 195 (452)
Income from continuing operations 728,098 227,753 237,475
Adjustments to reconcile net income from continuing operations to net cash provided by continuing operations:      
Restructuring and other costs, net 8,013 29,428 11,144
Depreciation and amortization 246,507 214,025 180,588
Stock-based compensation 29,126 31,514 28,767
Pension and other post-retirement expense 18,012 26,107 11,915
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability (8,827) 3,881 14,639
Deferred taxes (29,121) (61,353) (51,103)
Deferred Income Tax Expense (Benefit), Continuing Operations, Discontinuing Operations (29,121) (61,353) (51,103)
Contingencies and Non-Cash Tax Matters 4,518 (424) (671)
Amortization of deferred debt issuance costs, interest rate hedge and accretion of discounts 3,391 3,846 3,341
Loss (gain) on disposition of businesses and assets, net 886 2,469 (12,844)
Amortization of acquired inventory revaluation 2,793 21,590 19,272
Asset Impairment Charges 7,937 0 0
Gain on Sale of Investments 0 0 (557)
Change in fair value of financial securities (35) (3,249) 0
Gain (Loss) on Extinguishment of Debt 0 32,541 0
Changes in assets and liabilities which (used) provided cash, excluding effects from companies purchased and divested:      
Accounts receivable, net (373,895) (100,630) (94,512)
Inventories, net (122,513) (9,607) (30,183)
Accounts payable 62,753 7,351 8,900
Accrued expenses and other 314,534 (61,773) (14,933)
Net cash provided by operating activities of continuing operations 892,177 363,469 311,238
Net cash used in operating activities of discontinued operations 0 0 (200)
Net cash provided by operating activities 892,177 363,469 311,038
Investing activities:      
Capital expenditures (77,506) (76,331) (93,253)
Payments to Acquire Investments (20,059) (6,387) (7,019)
Payments to Acquire Intangible Assets 0 (5,000) 0
Proceeds from Divestiture of Businesses 4,280 550 38,027
Proceeds from surrender of life insurance policies 282 0 72
Activity related to acquisitions, net of cash, cash equivalents and restricted cash acquired (411,495) (400,405) (97,686)
Net cash used in investing activities of continuing operations (504,498) (487,573) (159,859)
Net cash provided by investing activities of discontinued operations 0 0 0
Net cash used in investing activities (504,498) (487,573) (159,859)
Financing activities:      
Payments on revolving credit facility (897,674) (1,692,489) (1,264,000)
Proceeds from Long-term Lines of Credit 714,698 1,599,416 857,000
Payments of Senior Debt 0 (530,276) 0
Proceeds from sale of senior debt 0 847,195 369,340
Payments of debt financing costs 0 (9,879) (2,634)
Proceeds from (Repayments of) Other Debt (4,494) (14,975) (28,383)
Settlement of cash flow hedges (4,554) (1,280) (34,132)
Payments for acquisition-related contingent consideration (10,363) (29,942) (12,800)
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Including Option Exercised 37,671 19,732 24,833
Purchases of common stock (6,944) (6,313) (57,445)
Dividends paid (31,212) (31,059) (31,009)
Net cash provided by (used in) financing activities of continuing operations (202,872) 150,130 (179,230)
Net cash used in financing activities of discontinued operations 0 0 0
Net cash (used in) provided by financing activities (202,872) 150,130 (179,230)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 25,913 (447) (8,004)
Net increase (decrease) in cash, cash equivalents and restricted cash 210,720 25,579 (36,055)
Cash and cash equivalents at beginning of year 191,877 163,111  
Cash and cash equivalents at end of year 402,036 191,877 163,111
Supplemental disclosures of cash flow information      
Interest Paid, Excluding Capitalized Interest, Operating Activities 42,142 82,693 56,451
Income taxes $ 162,454 $ 77,059 $ 59,844