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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 03, 2021
Oct. 04, 2020
Operating activities:    
Net income $ 752,973 $ 347,526
Loss from discontinued operations and dispositions, net of income taxes 123 138
Income from continuing operations 753,096 347,664
Adjustments to reconcile net income from continuing operations to net cash provided by continuing operations:    
Restructuring and other costs, net 13,018 11,075
Depreciation and amortization 232,935 182,521
Loss (Gain) on disposition of businesses and assets, net (1,970) 886
Stock-based compensation 18,957 19,770
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 1,553 (8,807)
Amortization of deferred debt financing costs and accretion of discounts 3,224 2,559
Change in fair value of financial securities (8,566) 0
Asset Impairment Charges 3,868 0
Amortization of acquired inventory revaluation 14,728 1,757
Changes in operating assets and liabilities which provided (used) cash, excluding effects from companies purchased and divested:    
Accounts receivable, net 242,386 (67,695)
Inventories 6,316 (120,934)
Accounts payable (37,002) 16,391
Accrued expenses and other (167,385) 24,893
Net cash provided by operating activities 1,075,158 410,080
Investing activities:    
Capital expenditures (67,459) (57,391)
Proceeds from surrender of life insurance policies 0 131
Payments to Acquire Investments (19,130) (9,559)
Proceeds from Divestiture of Businesses 1,460 2,423
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired (3,967,678) (3,702)
Net cash used in investing activities (4,052,807) (68,098)
Financing activities:    
Payments of borrowings 1,191,125 515,210
Proceeds from borrowings 1,144,282 257,000
Proceeds from term loan 500,000 0
Repayments of Senior Debt (339,605) 0
Proceeds from sale of senior debt 3,086,095 0
Payments of debt financing and equity issuance costs (30,983) 0
Settlement of cash flow hedges (1,459) (2,089)
Net payments on other credit facilities (12,731) (8,124)
Payments for acquisition-related contingent consideration 0 (5,200)
Proceeds from issuance of common stock under stock plans 22,760 27,528
Purchases of common stock (73,013) (6,829)
Dividends paid (23,539) (23,381)
Net cash provided by (used in) financing activities 3,080,682 (276,305)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (16,584) 832
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalent 86,449 66,509
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 489,062 258,403
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 487,373 258,293
Restricted Cash, Current 1,689 110
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 489,062 258,403
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Equity issued for business combination, net of issuance costs 2,638,369 0
Contingent consideration incurred in business combination 34,131 0
Other liability incurred in business combination $ 7,767 $ 0