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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Operating activities:    
Net income $ 109,480 $ 225,196
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 90,494 48,286
Amortization 112,254 25,145
Share-based compensation expense 42,136 19,467
Provision for deferred income taxes (66,814) (23,472)
Impairment of goodwill 88,872 0
Loss on extinguishment of debt 7,269 0
Loss from sale of business and held-for-sale 28,577 0
Gain (Loss) on Contract Termination (154,754) 0
Charge for excess and obsolete inventory 23,287 13,916
Other 26,239 18,243
Changes in operating assets and liabilities:    
Trade accounts and notes receivable 17,941 (57,309)
Inventories (5,009) (124,941)
Accounts payable and accrued liabilities (23,595) 27,145
Other current assets (1,534) (2,592)
Income taxes payable and refundable income taxes (15,570) (3,548)
Other (384) 9,162
Net cash provided by operating activities 278,889 174,698
Investing activities:    
Acquisition of property, plant and equipment (250,043) (192,097)
Proceeds from sale of business 134,286 0
Proceeds from termination of alliance agreement 169,251 0
Other 366 1,123
Net cash provided by (used in) investing activities 53,860 (190,974)
Financing activities:    
Proceeds from revolving credit facility and short-term debt 0 201,000
Payments of revolving credit facility and short-term debt (135,000) (193,000)
Proceeds from long-term debt 117,170 2,405,314
Payments for debt issuance costs (3,475) (10,579)
Repayments of Debt (293,671) 0
Payments for dividends (30,150) (27,484)
Issuance of common stock 36,767 8,977
Taxes paid related to net share settlement of equity awards (9,646) (16,317)
Other (578) (587)
Net cash (used in) provided by financing activities (318,583) 2,367,324
Effect of exchange rate changes on cash, cash equivalents and restricted cash (10,588) (10,382)
Increase in cash, cash equivalents and restricted cash (3,578) (2,340,666)
Cash, cash equivalents and restricted cash at beginning of period 563,439 402,565
Cash, cash equivalents and restricted cash at end of period 567,017 2,743,231
Supplemental Cash Flow Information    
Original issue discount credit due from lender 0 65,389
Equipment purchases in accounts payable 22,607 23,394
Dividend payable 557 495
Schedule of interest and taxes paid    
Interest paid less capitalized interest 260,282 15,699
Income taxes paid, net of refunds received $ 85,913 $ 62,168