XML 79 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Statement of Cash Flows [Abstract]      
Cash and cash equivalents at beginning of year $ 533,298 $ 688,087 $ 465,232
Cash flows from operating activities:      
Net income 988,979 345,777 204,101
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 122,789 118,721 115,524
Amortization of debt discount and fees 1,001 1,196 1,211
Stock-based compensation 181,547 167,715 130,023
(Gain) loss on investments, net 4,090 (2,732) (9,454)
Deferred income taxes (576,738) (11,676) 79,934
Provisions for losses on receivables 632 5,102 2,623
ROU asset amortization and change in operating lease liabilities 562 0 0
Other non-cash items 428 2,607 653
Changes in operating assets and liabilities, net of effect of acquired businesses:      
Receivables (4,718) (87,083) (31,032)
Inventories (33,024) 752 5,034
Prepaid expenses and other (11,031) (19,622) (25,793)
Other assets (8,011) (14,606) (26,751)
Accounts payable and accrued liabilities 33,915 1,553 (25,987)
Deferred revenue 27,498 100,696 33,614
Other long-term liabilities 1,681 (3,649) 17,040
Net cash provided by operating activities 729,600 604,751 470,740
Cash flows from investing activities:      
Proceeds from the sale of marketable investments 0 0 833
Purchases of non-marketable investments (33,717) (115,839) 0
Proceeds from the sale of non-marketable investments 2,952 3,497 9,108
Purchases of property, plant and equipment (74,605) (61,503) (57,901)
Cash paid in business combinations and asset acquisitions, net of cash acquired (338) 0 (143,249)
Net cash used for investing activities (105,708) (173,845) (191,209)
Cash flows from financing activities:      
Proceeds from revolving credit facility 150,000 100,000 135,000
Payment on revolving credit facility (250,000) (85,000) (100,000)
Principal payments on term loan 0 (300,000) 0
Payment of debt issuance costs 0 0 (793)
Proceeds from issuance of common stock 52,842 40,908 48,965
Stock received for payment of employee taxes on vesting of restricted stock (90,580) (69,921) (57,161)
Payments for repurchases of common stock (306,148) (250,059) (100,025)
Change in book overdraft 0 (3,867) 3,867
Net cash used for financing activities (443,886) (567,939) (70,147)
Effect of exchange rate changes on cash and cash equivalents (8,094) (17,756) 13,471
Increase (decrease) in cash and cash equivalents 171,912 (154,789) 222,855
Cash and cash equivalents at end of year 705,210 533,298 688,087
Supplemental cash flow information:      
Cash paid for interest 17,842 23,018 24,160
Cash paid for income taxes, net $ 41,946 $ 68,040 $ 59,072