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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2022
Jan. 03, 2021
Dec. 29, 2019
Cash Flows from Operating Activities:      
Net loss $ (54.3) $ (211.9) $ (156.9)
Adjustments to reconcile net loss to cash provided by operating activities:      
Depreciation and amortization 328.1 325.9 327.5
Unrealized and non-cash foreign exchange losses (gains), net (13.2) 68.2 (18.1)
Amortization of deferred financing costs and original issue discount 8.5 10.9 12.4
Deferred tax benefit 4.2 (2.5) (4.4)
Stock based compensation 22.5 8.6 18.6
Change in allowance for credit losses 0.7 3.6 4.5
Loss on extinguishment of debt 50.3 12.6 0.0
Other non-cash, net (12.3) (0.5) 15.9
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable 53.1 33.3 (21.4)
Inventories (139.5) (152.0) (108.6)
Other current and non-current assets (15.5) (19.5) (27.2)
Accounts payable and accrued liabilities 49.7 (36.0) 83.6
Deferred revenue (0.8) (1.9) 7.3
Other current and non-current liabilities 5.1 7.3 9.8
Cash provided by operating activities 286.6 46.1 143.0
Cash Flows from Investing Activities:      
Purchase of property, plant and equipment (58.4) (44.1) (66.2)
Proceeds from cross-currency swaps 15.2 2.7 0.0
Milestone payments and other, net (0.4) (4.0) (2.3)
Cash used in investing activities (43.6) (45.4) (68.5)
Cash Flows from Financing Activities:      
Proceeds From Issuance Initial Public Offering 1,426.4 0.0 0.0
Payment of initial public offering costs (9.2) 0.0 0.0
Proceeds from long-term debt 0.0 1,421.0 2.8
Payments on long-term debt (1,423.0) (1,363.5) (49.7)
(Payments) borrowings on short-term borrowings, net (82.0) (3.5) (17.2)
Proceeds from exercise of stock options 13.1 1.8 0.0
Repurchase of common stock 0.0 0.0 (0.3)
Cash provided by (used in) financing activities (74.7) 55.8 (64.4)
Effect of exchange rate changes on cash (0.9) 3.7 (0.7)
Increase (decrease) in cash, cash equivalents and restricted cash 167.4 60.2 9.4
Cash, cash equivalents and restricted cash at beginning of year 144.2 84.0 74.6
Cash, cash equivalents and restricted cash at end of year 311.6 144.2 84.0
Cash and cash equivalents 309.7 132.8 72.0
Restricted cash included in Other assets 1.9 11.4 12.0
Cash, cash equivalents and restricted cash $ 311.6 $ 144.2 $ 84.0