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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Jul. 03, 2022
Jul. 04, 2021
Operating activities:        
Net income $ 179,212 $ 245,930 $ 356,174 $ 625,235
Loss from discontinued operations and dispositions, net of income taxes 40 38 81 76
Income from continuing operations 179,252 245,968 356,255 625,311
Adjustments to reconcile net income from continuing operations to net cash provided by continuing operations:        
Restructuring and other costs, net 11,928 5,063 25,312 10,807
Depreciation and amortization     239,457 145,822
Stock-based compensation     31,292 12,361
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability     1,363 477
Amortization of deferred debt financing costs and accretion of discounts and debt extinguishment costs     4,340 1,724
Change in fair value of financial securities (2,910) (8,633) 9,215 (27,931)
Amortization of acquired inventory revaluation     33,724 5,303
Changes in operating assets and liabilities which provided (used) cash, excluding effects from companies purchased and divested:        
Accounts receivable, net     47,485 155,270
Inventories     (70,297) 7,239
Accounts payable     (7,382) (26,795)
Increase (Decrease) in Accrued Expenses and Other     (290,064) (148,226)
Net cash provided by operating activities     380,700 761,362
Investing activities:        
Capital expenditures     (52,585) (34,675)
Payments to Acquire Investments     (27,245) (14,507)
Proceeds from Divestiture of Businesses     1,054 0
Cash paid for acquisitions, net of cash acquired     (5,885) (702,697)
Net cash used in investing activities     (84,661) (751,879)
Financing activities:        
Payments of borrowings     220,000 763,545
Proceeds from borrowings     220,000 729,000
Repayments of Term Loan     (450,000) 0
Repayments of Senior Debt     0 (339,605)
Proceeds from sale of senior debt     0 799,856
Payments of debt financing and equity issuance costs     0 (8,242)
Settlement of cash flow hedges     (762) (5,935)
Net payments on other credit facilities     (830) (11,826)
Proceeds from issuance of common stock under stock plans     5,841 14,185
Purchases of common stock     (56,048) (72,924)
Dividends paid     (17,667) (15,697)
Net cash provided by (used in) financing activities     (519,466) 325,267
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents     (33,977) (10,659)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalent     (257,404) 324,091
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 361,933 726,704 361,933 726,704
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]        
Cash and cash equivalents 360,860 572,810 360,860 572,810
Restricted Cash, Current 1,073 1,750 1,073 1,750
Restricted Cash, Noncurrent 0 152,144 0 152,144
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 361,933 $ 726,704 $ 361,933 $ 726,704