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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2021
Jun. 28, 2020
Cash flows from operating activities:    
Net income $ 533,831 $ 365,098
Adjustments to reconcile net income from operations to net cash provided by operating activities:    
Depreciation 45,848 38,305
Stock-based compensation 23,231 21,367
Amortization 19,343 26,234
Loss on convertible debt conversion 5,244  
Provision for excess and obsolete inventory 3,625 9,637
Contingent consideration adjustment (7,227) 19,239
Gains on investments (4,650) (469)
Deferred taxes (800) (7,163)
Retirement plans actuarial gains (627) (99)
Other 199 523
Changes in operating assets and liabilities, net of business acquired:    
Accounts receivable (372,698) (331,040)
Inventories 19,908 (3,728)
Prepayments and other assets (117,416) (49,479)
Accounts payable and other liabilities 86,790 113,578
Deferred revenue and customer advances 15,189 28,655
Retirement plans contributions (2,739) (2,501)
Income taxes (2,628) 37,842
Net cash provided by operating activities 244,423 265,999
Cash flows from investing activities:    
Purchases of property, plant and equipment (73,957) (84,014)
Purchases of marketable securities (398,086) (299,548)
Proceeds from maturities of marketable securities 460,213 182,984
Proceeds from sales of marketable securities 116,112 26,661
Proceeds from life insurance   546
Purchase of investment and acquisition of businesses (12,000) 149
Net cash provided by (used for) investing activities 92,282 (173,222)
Cash flows from financing activities:    
Issuance of common stock under stock purchase and stock option plans 32,581 12,757
Repurchase of common stock (196,584) (88,465)
Payments of convertible debt principal (66,828)  
Dividend payments (33,271) (33,266)
Payments related to net settlement of employee stock compensation awards (31,794) (22,519)
Payments of contingent consideration   (8,852)
Net cash used for financing activities (295,896) (140,345)
Effects of exchange rate changes on cash and cash equivalents (489) (925)
Increase (decrease) in cash and cash equivalents 40,320 (48,493)
Cash and cash equivalents at beginning of period 914,121 773,924
Cash and cash equivalents at end of period 954,441 725,431
Non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 4,503 $ 6,281