XML 24 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 29, 2022
Oct. 30, 2021
Oct. 31, 2020
Cash flows provided by (used in) operating activities:      
Net income $ 152,902 $ 500,196 $ 361,291
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements 95,922 96,233 93,908
Share-based compensation costs 105,131 84,336 67,758
Amortization of intangible assets 44,281 36,033 38,619
Deferred taxes (27,502) (156,469) 64,339
Provision for inventory excess and obsolescence 16,184 17,850 24,701
Provision for warranty 17,440 17,093 22,417
Other 0 14,525 20,483
Changes in assets and liabilities:      
Accounts receivable (47,069) (174,377) (17,299)
Inventories (589,113) (47,567) (25,044)
Prepaid expenses and other (58,996) (19,691) (38,998)
Operating lease right-of-use assets 16,453 16,632 16,787
Accounts payable, accruals and other obligations 100,327 162,134 (117,931)
Deferred revenue 26,380 16,822 2,519
Short and long-term operating lease liabilities (20,096) (22,104) (19,896)
Net cash provided by (used in) operating activities (167,756) 541,646 493,654
Cash flows used in investing activities:      
Payments for equipment, furniture, fixtures and intellectual property (90,818) (79,550) (82,667)
Purchase of available-for-sale securities (643,971) (172,778) (223,196)
Proceeds from maturities of available for sale securities 698,642 152,253 110,390
Proceeds from sale of cost method equity investment 0 4,678 0
Purchase of cost method equity investment (8,000) 0 0
Settlement of foreign currency forward contracts, net 4,942 4,680 3,531
Acquisition of businesses, net of cash acquired (62,043) 0 (28,300)
Net cash used in investing activities (101,248) (90,717) (220,242)
Cash flows used in financing activities:      
Proceeds from issuance of senior notes 400,000 0 0
Payment of long-term debt (5,197) (6,929) (5,198)
Payment of debt issuance costs (5,484) 0 (382)
Payment of finance lease obligations (3,468) (3,004) (2,703)
Shares repurchased for tax withholdings on vesting of stock unit awards (48,454) (44,071) (32,472)
Repurchases of common stock - repurchase program (500,800) (91,288) (74,535)
Proceeds from issuance of common stock 30,348 28,457 28,068
Net cash used in financing activities (133,055) (116,835) (87,222)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (26,167) (198) (1,643)
Net increase (decrease) in cash, cash equivalents and restricted cash (428,226) 333,896 184,547
Cash, cash equivalents and restricted cash at beginning of fiscal year 1,422,604 1,088,708 904,161
Cash, cash equivalents and restricted cash at end of fiscal year 994,378 1,422,604 1,088,708
Supplemental disclosure of cash flow information      
Cash paid during the fiscal year for interest 42,812 29,864 32,837
Cash paid during the fiscal year for income taxes, net 34,967 73,127 53,076
Operating lease payments 21,661 24,058 22,089
Non-cash investing and financing activities      
Purchase of equipment in accounts payable 12,373 10,138 7,854
Repurchase of common stock in accrued liabilities from repurchase program 0 800 0
Operating lease right-of-use assets subject to lease liability 23,242 4,356 24,160
Unrealized gain on equity investment $ 4,120 $ 0 $ 2,681