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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Jan. 02, 2022
USD ($)
Jan. 03, 2021
USD ($)
Dec. 29, 2019
USD ($)
Restricted Cash $ 1,018 $ 578 $ 17
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 619,337 402,614 191,894
Operating activities:      
Net income 943,157 727,887 227,558
Income (Loss) from discontinued operations and dispositions 126 211 195
Income from continuing operations 943,283 728,098 227,753
Adjustments to reconcile net income from continuing operations to net cash provided by continuing operations:      
Restructuring and other costs, net 16,432 8,013 29,428
Depreciation and amortization 358,004 246,507 214,025
Stock-based compensation 32,780 29,126 31,514
Pension and other post-retirement expense (30,891) 18,012 26,107
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 3,119 (8,827) 3,881
Deferred taxes (49,342) (29,121) (61,353)
Deferred Income Tax Expense (Benefit), Continuing Operations, Discontinuing Operations (49,342) (29,121) (61,353)
Contingencies and Non-Cash Tax Matters 1,924 4,518 (424)
Amortization of deferred debt issuance costs, interest rate hedge and accretion of discounts 4,962 3,391 3,846
(Gain) loss on disposition of businesses and assets, net (1,970) 886 2,469
Amortization of acquired inventory revaluation 35,201 2,793 21,590
Asset Impairment Charges 3,868 7,937 0
Change in fair value of financial securities (10,985) (35) (3,249)
Gain (Loss) on Extinguishment of Debt 0 0 32,541
Changes in assets and liabilities which (used) provided cash, excluding effects from companies purchased and divested:      
Accounts receivable, net 155,391 (373,895) (100,630)
Inventories, net 2,376 (122,513) (9,607)
Accounts payable 823 62,753 7,351
Accrued expenses and other (54,225) 314,534 (61,773)
Net cash provided by operating activities 1,410,750 892,177 363,469
Investing activities:      
Capital expenditures (99,888) (77,506) (76,331)
Payments to Acquire Investments (23,130) (20,059) (6,387)
Payments to Acquire Intangible Assets 0 0 (5,000)
Proceeds from Divestiture of Businesses 1,460 4,280 550
Proceeds from surrender of life insurance policies 109 282 0
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired (3,991,309) (411,495) (400,405)
Net cash used in investing activities (4,112,758) (504,498) (487,573)
Financing activities:      
Payments on revolving credit facility (1,559,133) (897,674) (1,692,489)
Proceeds from Long-term Lines of Credit 1,400,282 714,698 1,599,416
Proceeds from term loan 500,000 0 0
Payments of Senior Debt (339,605) 0 (530,276)
Proceeds from sale of senior debt 3,086,095 0 847,195
Payments of debt financing and equity issuance costs (30,983) 0 (9,879)
Proceeds from (Repayments of) Other Debt (13,670) (4,494) (14,975)
Settlement of cash flow hedges (4,482) (4,554) (1,280)
Settlement of swaps 14,314 0 0
Payments for acquisition-related contingent consideration (2,208) (10,363) (29,942)
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Including Option Exercised 25,120 37,671 19,732
Purchases of common stock (73,072) (6,944) (6,313)
Dividends paid (32,373) (31,212) (31,059)
Net cash (used in) provided by financing activities (2,941,657) 202,872 (150,130)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (22,926) 25,913 (447)
Net increase in cash, cash equivalents and restricted cash 216,723 210,720 25,579
Cash and cash equivalents at beginning of year 402,036 191,877  
Cash and cash equivalents at end of year 618,319 402,036 191,877
Supplemental disclosures of cash flow information      
Interest Paid, Excluding Capitalized Interest, Operating Activities 54,120 42,142 82,693
Income taxes 364,565 162,454 77,059
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]      
Equity issued for business combination, net of issuance costs $ 2,638,144 $ 0 $ 0