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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 01, 2021
Jan. 03, 2020
Dec. 28, 2018
Cash flows from operating activities:      
Net income $ 111,781 $ 321,012 $ 690,070
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 9,141 8,348 4,915
Stock-based compensation 105,070 56,602 40,626
Non-cash lease expense 4,830 2,819 2,854
Deferred taxes 15,265 71,002 (244,111)
Other, net 3,035 88 1,129
Changes in operating assets and liabilities:      
Trade receivables, net (42,470) 43,716 (85,471)
Inventory (21,897) (5,731) (3,181)
Prepaid expenses and other assets (25,831) (5,723) (8,525)
Deferred revenue (1,051) (9,301) 271
Accounts payable and other liabilities 51,109 44,124 17,143
Net cash provided by operating activities 208,982 526,956 415,720
Cash flows from investing activities:      
Purchases of property, equipment and other (30,345) (12,834) (33,297)
Proceeds from sale of property and equipment 0 0 308
Purchases of investments (1,070,269) (1,182,682) (557,832)
Proceeds from sales and maturities of investments 969,399 608,269 292,971
Net cash used in investing activities (131,215) (587,247) (297,850)
Cash flows from financing activities:      
Proceeds from issuance of common stock under equity incentive and stock purchase plans 24,886 22,499 17,278
Taxes paid related to net share settlement of equity awards (50,018) (9,904) (7,574)
Other, net 0 (42) (13)
Net cash (used in) provided by financing activities (25,132) 12,553 9,691
Net increase (decrease) in cash, cash equivalents and restricted cash equivalents 52,635 (47,738) 127,561
Cash, cash equivalents and restricted cash equivalents at beginning of period 268,137 315,875 188,314
Cash, cash equivalents and restricted cash equivalents at end of period 320,772 268,137 315,875
Supplemental cash flow disclosures:      
Cash paid for taxes 4,115 7,873 10,677
Non-cash operating activities:      
Right-of-use assets obtained in exchange for lease obligations 4,017 29,562 17,180
Non-cash investing activities:      
Unpaid liabilities incurred for purchases of property and equipment 842 26 802
Unpaid liabilities incurred for unsettled investment purchases 1,615 0 0
Accounts receivable for unsettled investment sales $ 6,180 $ 0 $ 0