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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jul. 02, 2021
Jul. 03, 2020
Cash flows from operating activities:    
Net income (loss) $ 161.8 $ (110.7)
Noncash items:    
Depreciation 19.9 19.6
Amortization 42.0 45.3
Allowance for credit losses 3.6 11.6
Stock-based compensation expense 14.3 11.7
Restructuring charges 0.3 9.0
Impairment charges 4.1 10.3
Amortization of right-of-use assets 14.3 15.2
Amortization of debt discount and issuance costs 12.0 2.7
Change in trade accounts receivable (1.5) 126.1
Change in inventories (47.9) (9.4)
Change in trade accounts payable (23.5) (77.1)
Change in prepaid expenses and other assets (7.2) (3.0)
Change in accrued expenses and other liabilities (34.2) (90.8)
Change in operating lease liabilities (20.7) (18.1)
Net cash provided by (used in) operating activities 137.3 (57.6)
Cash flows from investing activities:    
Acquisitions, net of cash acquired 0.0 (40.7)
Payments for additions to property, plant and equipment (28.5) (21.4)
All other investing activities 5.7 7.7
Net cash used in investing activities (22.8) (54.4)
Cash flows from financing activities:    
Proceeds from issuance of convertible senior notes 0.0 517.5
Payment of debt issuance and other deferred financing costs (2.3) (17.3)
Proceeds from revolving line of credit 0.0 249.8
Repayment of borrowings (475.6) (0.1)
Purchase of capped calls related to issuance of convertible senior notes 0.0 (20.7)
Proceeds from stock option exercises 13.8 5.0
All other financing activities 1.0 (1.1)
Net cash (used in) provided by financing activities (463.1) 733.1
Effect of exchange rate changes on cash and cash equivalents 13.6 (9.9)
Net change in cash and cash equivalents (335.0) 611.2
Beginning balance of cash and cash equivalents 888.9 211.2
Ending balance of cash and cash equivalents 553.9 822.4
Supplemental data:    
Cash paid for interest 22.1 16.8
Cash paid for taxes 51.1 14.2
ROU assets obtained in exchange for operating lease obligations $ 10.8 $ 4.3