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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Jan. 01, 2023
USD ($)
Jan. 02, 2022
USD ($)
Jan. 03, 2021
USD ($)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 470,746 $ 619,337 $ 402,614
Operating activities:      
Net income 569,179 943,157 727,887
Income (Loss) from discontinued operations and dispositions (56,503) (53,721) (97,327)
Income from continuing operations 512,676 889,436 630,560
Adjustments to reconcile net income from continuing operations to net cash provided by continuing operations:      
Restructuring and other costs, net 13,580 (14,358) (7,661)
Depreciation and amortization 427,000 311,443 201,648
Stock-based compensation 51,518 29,675 26,904
Pension and other post-retirement (income) expense (23,104) (28,509) 14,904
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability (1,377) 3,119 (8,827)
Deferred taxes (105,923) (55,328) (35,338)
Deferred Income Tax Expense (Benefit), Continuing Operations, Discontinuing Operations (105,923) (55,328) (35,338)
Contingencies and Non-Cash Tax Matters (1,488) 1,924 4,518
Amortization of deferred debt issuance costs, interest rate hedge and accretion of discounts 7,310 4,962 3,391
(Gain) loss on disposition of businesses and assets, net (2,887) (1,970) 886
Amortization of acquired inventory revaluation 45,289 35,201 1,831
Asset Impairment Charges 0 3,868 7,937
Change in fair value of financial securities 15,754 (10,985) (35)
Gain (Loss) on Extinguishment of Debt (2,880) 0 0
Changes in assets and liabilities which (used) provided cash, excluding effects from companies purchased and divested:      
Accounts receivable, net 66,093 165,590 (398,853)
Inventories, net (48,634) 32,280 (127,357)
Accounts payable (43,804) (7,577) 63,231
Accrued expenses and other (236,623) (57,303) 311,659
Net cash provided by operating activities of continuing operations 672,500 1,330,184 704,720
Net cash provided by operating activities of discontinued operations 7,310 80,566 187,457
Net cash provided by operating activities 679,810 1,410,750 892,177
Investing activities:      
Capital expenditures (85,632) (86,020) (63,634)
Payments to Acquire Investments (47,181) (23,130) (20,059)
Proceeds from Collection of Notes Receivable 8,890 0 0
Proceeds from Divestiture of Businesses 14,505 1,460 4,280
Proceeds from surrender of life insurance policies 0 109 282
Cash paid for acquisitions, net of cash acquired (7,518) (3,982,216) (411,495)
Net cash used in investing activities of continuing operations (116,936) (4,089,797) (490,626)
Net cash used in investing activities of discontinued operations (15,915) (22,961) (13,872)
Net cash used in investing activities (132,851) (4,112,758) (504,498)
Financing activities:      
Payments on revolving credit facility (240,000) (1,559,133) (897,674)
Proceeds from Long-term Lines of Credit 240,000 1,400,282 714,698
Proceeds from term loan 0 500,000 0
Repayments of Term Loan (500,000) 0 0
Payments of Senior Debt (57,876) (339,605) 0
Proceeds from sale of senior debt 0 3,086,095 0
Payments of debt financing and equity issuance costs 0 (30,983) 0
Proceeds from (Repayments of) Other Debt (1,292) (13,670) (4,494)
Settlement of cash flow hedges (762) (4,482) (4,554)
Settlement of swaps 0 14,314 0
Payments for acquisition-related contingent consideration (5) (2,208) (10,363)
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Including Option Exercised 14,114 25,120 37,671
Purchases of common stock (80,638) (73,072) (6,944)
Dividends paid (35,344) (32,373) (31,212)
Net cash (used in) provided by financing activities (661,803) 2,941,657 (202,872)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (33,747) (22,926) 25,913
Net (decrease) increase in cash, cash equivalents and restricted cash (148,591) 216,723 210,720
Cash and cash equivalents at beginning of year 603,320 387,054  
Restricted Cash, Current 1,040 1,018 578
Restricted Cash, Noncurrent 349 0 0
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents 14,999 14,999 14,982
Cash and cash equivalents at end of year 454,358 603,320 387,054
Supplemental disclosures of cash flow information      
Interest Paid, Excluding Capitalized Interest, Operating Activities 97,934 54,120 42,142
Income taxes 323,077 364,565 162,454
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]      
Equity issued for business combination, net of issuance costs $ 0 $ 2,638,144 $ 0