XML 22 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Statement of Cash Flows [Abstract]    
Cash and cash equivalents at beginning of period $ 1,088,940 $ 928,432
Cash flows from operating activities:    
Net income 608,560 519,376
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 98,178 106,962
Amortization of debt discount and fees 810 952
Stock-based compensation 197,190 155,860
(Gain) loss on investments, net 4,777 (330)
Deferred income taxes (49,834) (34,566)
Provisions for losses on receivables 471 234
ROU asset amortization and change in operating lease liabilities (883) (2,917)
Other non-cash items 158 146
Changes in operating assets and liabilities, net of effect of acquired businesses:    
Receivables (57,309) 15,132
Inventories (8,020) (25,608)
Prepaid expenses and other 30,596 36,632
Other assets 17,644 8,127
Accounts payable and accrued liabilities 24,514 10,501
Deferred revenue 113,712 84,183
Other long-term liabilities (2,305) 10,417
Net cash provided by operating activities 978,259 885,101
Cash flows from investing activities:    
Purchases of non-marketable investments (1,000) 0
Proceeds from the sale of non-marketable investments 0 128
Purchases of property, plant and equipment (86,295) (49,977)
Purchases of intangible assets 1,000 0
Cash paid in business combinations, net of cash acquired (586,163) (220,026)
Net cash used for investing activities (674,458) (269,875)
Cash flows from financing activities:    
Proceeds from term loan 300,000 0
Proceeds from revolving credit facility 450,000 0
Payment on revolving credit facility (300,000) 0
Payment of debt issuance costs 425 1,285
Proceeds from issuance of common stock 103,682 83,632
Stock received for payment of employee taxes on vesting of restricted stock (103,093) (108,185)
Payments for repurchases of common stock (750,062) (502,301)
Net cash used for financing activities (299,898) (528,139)
Effect of exchange rate changes on cash and cash equivalents (66,792) (1,700)
Increase (decrease) in cash and cash equivalents (62,889) 85,387
Cash and cash equivalents at end of period 1,026,051 1,013,819
Supplemental cash flow information:    
Cash paid for interest 8,508 8,117
Cash paid for taxes, net $ 148,151 $ 47,687