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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Cash flows from operating activities--    
Net earnings $ 385,814 $ 155,457
Adjustments to reconcile net earnings to net cash provided by operating activities--    
Depreciation and amortization expense 90,672 81,594
Amortization of discount and issuance costs on convertible notes 0 2,130
Non-cash share-based compensation 27,136 14,422
Deferred income taxes (5,704) 11,696
Net periodic pension benefit (other than service costs) (34,268) (30,004)
Gain (Loss) on Disposition of Assets (763) 0
Changes in assets and liabilities, net of acquisitions    
Accounts receivable, net (97,355) 69,176
Inventories, net (134,523) 43,188
Prepaid expenses and other assets 11,132 16,576
Accounts payable 61,286 (28,171)
Accrued expenses and other liabilities 42,613 (19,882)
Net cash provided by operating activities 346,040 316,182
Cash flows from investing activities--    
Additions to property and equipment (29,732) (29,776)
Proceeds from Sale of Property, Plant, and Equipment 6,062 9,381
Acquisitions, net of cash acquired (389,009) (33,144)
Net cash (used in) investing activities (412,679) (53,539)
Cash flows from financing activities--    
Proceeds under Credit Facility 485,976 2,547,305
Repayments under Credit Facility 421,550 3,217,507
Proceeds from issuance of convertible notes, net of issuance costs 0 729,933
Premiums paid for capped call 0 (104,650)
Net (repayments) proceeds under international credit facilities (1,473) 2,033
Net repayments under other debt arrangement (254) (34)
Payments of deferred purchase price (5,861) (3,700)
Repurchase of treasury stock (2,477) (77,244)
Payments of Debt Issuance Costs 0 10,974
Net cash (used in) provided by financing activities 54,361 (134,838)
Effect of exchange rates on cash and cash equivalents (4,349) (1,995)
Changes in cash and cash equivalents--    
Net (decrease) increase in cash and cash equivalents (16,627) 125,810
Cash and cash equivalents at beginning of year 268,103 94,500
Cash and cash equivalents at end of quarter $ 251,476 $ 220,310