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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Net income $ 206,341 $ 93,836
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of software 32,192 31,749
Amortization - others 17,946 15,059
Stock-based compensation 67,609 50,383
Benefit for deferred income taxes (52,345) (8,979)
Others (562) 2,640
Changes in assets and liabilities:    
Accounts receivable, net 51,329 (32,152)
Inventories 24,042 12,127
Prepaid expenses and other current assets (10,716) (1,925)
Other assets (29,831) (23,018)
Accounts payable 17,133 1,333
Accrued liabilities 9,534 29,622
Income taxes payable 57,225 74,796
Net cash provided by operating activities 389,897 245,471
Cash flows from investing activities:    
Purchases of available-for-sale securities (1,322,798) (1,678,000)
Proceeds from sale and maturity of available-for-sale and equity securities 983,775 318,857
Purchases of property, plant and equipment and software (17,186) (15,461)
Other investing activities (2,509) (6,280)
Acquisition of business, net of cash acquired (30,533) 0
Net cash used in investing activities (389,251) (1,380,884)
Cash flows from financing activities:    
Repurchases of common stock 0 (53,682)
Taxes paid related to net share settlements of restricted stock units (3,797) (3,240)
Proceeds from issuance of common stock through various stock plans 1 1
Payment of dividends to stockholders 0 (92,414)
Proceeds from issuance of long-term debt, net 0 744,423
Other financing activities (8,459) (10,002)
Net cash provided by (used in) financing activities (12,255) 585,086
Net decrease in cash and cash equivalents (11,609) (550,327)
Cash and cash equivalents at beginning of period   1,777,703
Cash and cash equivalents at end of period 1,426,919 1,227,376
Supplemental disclosure of cash flow information:    
Interest paid 19,969 13,789
Income taxes paid, net $ 171 $ 3,747