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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Operating activities:    
Net income $ 190,544 $ 142,692
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 139,848 130,125
Amortization 143,898 163,493
Share-based compensation expense 50,349 52,416
Provision for deferred income taxes (47,067) (95,366)
Impairment of goodwill 0 104,785
Loss on extinguishment of debt 11,385 10,862
(Gain) loss from sale of businesses and held-for-sale assets, net (4,311) 28,579
Gain on termination of alliance agreement 0 (154,754)
Charge for excess and obsolete inventory 29,882 29,314
Impairment of long-lived assets 12,967 0
Amortization of debt issuance costs and original issuance discounts 11,413 16,718
Other 4,533 21,801
Changes in operating assets and liabilities:    
Trade accounts receivable (52,075) (295)
Inventories (68,872) 63,340
Accounts payable and accrued liabilities 52,563 11,804
Other current assets 450 1,644
Income taxes payable and refundable income taxes (23,708) (36,774)
Other 3,826 (4,013)
Net cash provided by operating activities 455,625 486,371
Investing activities:    
Acquisition of property, plant and equipment (208,082) (328,182)
Proceeds from sale of businesses, net 250,789 134,286
Proceeds from termination of alliance agreement 0 169,251
Other (1,875) 1,919
Net cash provided by (used in) investing activities 40,832 (22,726)
Financing activities:    
Proceeds from revolving credit facility and short-term debt 30,000 0
Payments of revolving credit facility and short-term debt (30,000) (135,000)
Proceeds from long-term debt 224,537 217,449
Payments of long-term debt (698,311) (468,950)
Payments for debt issuance costs 0 (3,475)
Payments for dividends (45,478) (45,202)
Issuance of common stock 13,617 30,174
Taxes paid related to net share settlement of equity awards (16,146) (11,540)
Other (1,815) (923)
Net cash used in financing activities (523,596) (417,467)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2,282 (15,597)
(Decrease) increase in cash, cash equivalents and restricted cash (24,857) 30,581
Cash, cash equivalents and restricted cash at beginning of period 456,929 563,439
Cash, cash equivalents and restricted cash at end of period 432,072 594,020
Supplemental Cash Flow Information    
Equipment purchases in accounts payable 35,062 35,684
Share issuance in exchange for extinguishment of Employee Stock Purchase Plan liability 7,741 7,459
Dividend payable 720 628
Schedule of interest and taxes paid    
Interest paid, net of capitalized interest 99,700 292,416
Income taxes paid, net of refunds received $ 92,333 $ 129,474