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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Cash flows from operating activities:    
Net income $ 480,693 $ 476,604
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 30,929 21,949
Deferred income taxes (20,836) 9,219
Depreciation 54,306 52,760
Amortization of intangibles 44,799 45,166
Acquired in-process research and development and other non-cash items 10,003 0
Change in operating assets and liabilities:    
(Increase) decrease in accounts receivable (39,098) 23,472
Increase in inventories (113,211) (93,878)
Increase in other current assets (6,861) (9,123)
Increase in other assets (3,881) (6,116)
Decrease in accounts payable and other current liabilities (4,952) (4,768)
Increase in deferred revenue and customer advances 47,060 71,889
Decrease in other liabilities (65,999) (57,838)
Net cash provided by operating activities 412,952 529,336
Cash flows from investing activities:    
Additions to property, plant, equipment and software capitalization (113,737) (116,614)
Proceeds from (investments in) equity investments, net 8,903 (867)
Payments for intellectual property licenses (7,535) (7,000)
Purchases of investments (11,407) (241,230)
Maturities and sales of investments 77,993 117,283
Net cash used in investing activities (45,783) (248,428)
Cash flows from financing activities:    
Proceeds from debt issuances 165,000 510,000
Payments on debt (135,000) (250,000)
Payments of debt issuance costs 0 (8,537)
Proceeds from stock plans 36,136 55,000
Purchases of treasury shares (477,167) (492,695)
Proceeds from derivative contracts 12,844 2,325
Net cash used in financing activities (398,187) (183,907)
Effect of exchange rate changes on cash and cash equivalents (26,579) (8,994)
(Decrease) increase in cash and cash equivalents (57,597) 88,007
Cash and cash equivalents at beginning of period 501,234 436,695
Cash and cash equivalents at end of period $ 443,637 $ 524,702