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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Operating activities:    
Net income $ 176,962 $ 379,305
Loss from discontinued operations and dispositions, net of income taxes 41 38
Income from continuing operations 177,003 379,343
Adjustments to reconcile net income from continuing operations to net cash provided by continuing operations:    
Restructuring and other costs, net 13,384 5,744
Depreciation and amortization 120,052 70,186
Stock-based compensation 15,262 5,157
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 693 240
Amortization of deferred debt financing costs and accretion of discounts and debt extinguishment costs 1,900 896
Change in fair value of financial securities 12,125 (19,298)
Amortization of acquired inventory revaluation 16,868 2,981
Changes in operating assets and liabilities which provided (used) cash, excluding effects from companies purchased and divested:    
Accounts receivable, net 69,065 165,190
Inventories (46,968) (15,008)
Accounts payable 26,352 (5,048)
Increase (Decrease) in Accrued Expenses and Other (122,521) (116,883)
Net cash provided by operating activities 283,215 473,500
Investing activities:    
Capital expenditures (29,431) (14,311)
Payments to Acquire Investments (22,995) (4,000)
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired (3,880) (443,543)
Net cash used in investing activities (56,306) (461,854)
Financing activities:    
Payments of borrowings 220,000 743,545
Proceeds from borrowings 220,000 584,000
Repayments of Term Loan (100,000) 0
Proceeds from sale of senior debt 0 799,856
Payments of debt financing and equity issuance costs 0 (7,882)
Settlement of cash flow hedges (762) 6,005
Net payments on other credit facilities (1,064) (9,799)
Proceeds from issuance of common stock under stock plans 1,397 4,987
Purchases of common stock (55,592) (42,779)
Dividends paid (8,837) (7,852)
Net cash provided by (used in) financing activities (164,858) 582,991
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (10,636) (6,849)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalent 51,415 587,788
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at beginning of period 619,337 402,613
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at end of period 670,752 990,401
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 669,755 988,234
Restricted Cash, Current 997 2,167
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 670,752 $ 990,401