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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 04, 2021
Jul. 05, 2020
Jul. 04, 2021
Jul. 05, 2020
Operating activities:        
Net income $ 245,930 $ 137,162 $ 625,235 $ 170,827
Loss from discontinued operations and dispositions, net of income taxes 38 51 76 101
Income from continuing operations 245,968 137,213 625,311 170,928
Adjustments to reconcile net income from continuing operations to net cash provided by continuing operations:        
Restructuring and other costs, net 5,063 1,158 10,807 7,016
Depreciation and amortization     145,822 120,047
Loss (Gain) on disposition of businesses and assets, net       485
Loss (Gain) on Disposition of Assets, net     0  
Stock-based compensation     12,361 12,654
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability     477 (11,446)
Amortization of deferred debt financing costs and accretion of discounts     1,724 1,642
Change in fair value of financial securities (8,633) 0 (27,931) 0
Amortization of acquired inventory revaluation     5,303 1,485
Changes in operating assets and liabilities which provided (used) cash, excluding effects from companies purchased and divested:        
Accounts receivable, net     155,270 4,312
Inventories     7,239 (126,707)
Accounts payable     (26,795) 20,907
Accrued expenses and other     (148,226) (2,677)
Net cash provided by operating activities     761,362 198,646
Investing activities:        
Capital expenditures     (34,675) (37,138)
Proceeds from surrender of life insurance policies     0 131
Payments to Acquire Investments     (14,507) (7,393)
Proceeds from Divestiture of Businesses     0 1,815
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired     (702,697) (2,990)
Net cash used in investing activities     (751,879) (45,575)
Financing activities:        
Payments of borrowings     763,545 290,000
Proceeds from borrowings     729,000 188,000
Repayments of Senior Debt     (339,605) 0
Proceeds from sale of senior debt     799,856 0
Payments of debt financing costs     (8,242) 0
Settlement of cash flow hedges     (5,935) 5,037
Net payments on other credit facilities     (11,826) (6,036)
Payments for acquisition-related contingent consideration     0 (5,200)
Proceeds from issuance of common stock under stock plans     14,185 10,074
Purchases of common stock     (72,924) (6,669)
Dividends paid     (15,697) (15,572)
Net cash provided by (used in) financing activities     325,267 (120,366)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents     (10,659) (4,658)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalent     324,091 28,047
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at beginning of period     402,613 191,894
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at end of period 726,704 219,941 726,704 219,941
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]        
Cash and cash equivalents 572,810 218,536 572,810 218,536
Restricted Cash, Current 1,750 1,405 1,750 1,405
Restricted Cash, Noncurrent 152,144 0 152,144 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 726,704 $ 219,941 $ 726,704 $ 219,941