XML 21 R8.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
Operating activities:    
Net (loss) income $ 151,493 $ 290,907
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 93,489 67,510
Amortization 90,491 35,616
Share-based compensation expense 57,544 22,124
Charge for fair value mark-up of acquired inventory sold 61,932 0
Provision for deferred income taxes (56,964) (12,307)
Loss on extinguishment of debt and modification 2,235 23,338
Charge for excess and obsolete inventory 17,582 10,066
Other 38,670 265
Changes in operating assets and liabilities:    
Trade accounts and notes receivable (34,378) (53,358)
Inventories (180,335) (115,187)
Accounts payable and accrued liabilities 83,307 37,577
Other current assets (4,248) 10,575
Income taxes payable and refundable income taxes (15,637) (35,275)
Other 15,049 2,623
Net cash provided by operating activities 320,230 284,474
Investing activities:    
Acquisition of property, plant and equipment (318,836) (133,986)
Acquisition of businesses, net of cash acquired (4,474,925) (2,250)
Other 1,124 4,416
Net cash used in investing activities (4,792,637) (131,820)
Financing activities:    
Proceeds from revolving credit facility and short-term debt 476,000 451,000
Payments of revolving credit facility and short-term debt (271,000) (601,000)
Proceeds from long-term debt 4,940,753 0
Payments of long-term debt (145,000) 0
Payments for debt extinguishment costs 0 (19,080)
Payments for debt issuance costs (99,489) (5,069)
Payments for dividends (42,413) (32,650)
Issuance of common stock 10,764 17,872
Repurchase and retirement of common stock 0 (50,000)
Taxes paid related to net share settlement of equity awards (22,747) (15,368)
Other (859) (218)
Net cash provided by (used in) financing activities 4,846,009 (254,513)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (21,500) (3,282)
Increase (decrease) in cash, cash equivalents and restricted cash 352,102 (105,141)
Cash, cash equivalents and restricted cash at beginning of period 402,565 580,893
Cash, cash equivalents and restricted cash at end of period 754,667 475,752
Supplemental Cash Flow Information    
Deferred acquisition payments 0 250
Equipment purchases in accounts payable 19,362 15,965
Increase (Decrease) in dividends payable 8 (16)
Equity consideration on acquisition of CMC Materials Inc 1,265,690 0
Schedule of interest and taxes paid    
Interest paid less capitalized interest 22,917 29,759
Income taxes paid, net of refunds received $ 96,729 $ 85,409