XML 19 R6.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities:    
Consolidated net income $ 79,864 $ 83,098
Adjustments to reconcile consolidated net income to net cash provided by operations:    
Depreciation and amortization 35,810 41,727
Amortization of stock-based compensation 18,559 13,447
Equity in (earnings) losses of affiliated companies (1,320) 344
Deferred income taxes (5,841) (2,801)
(Gain) loss on investments, net (32) 13
Other (678) 1,189
Change in assets and liabilities, net of effects of acquired businesses:    
Accounts receivable, net 731,226 1,057,676
Inventories (62,384) 362,813
Accounts payable (251,057) (1,077,786)
Accrued expenses (79,683) 21,053
Other assets and liabilities (112,785) (97,563)
Net cash provided by operating activities 351,679 403,210
Cash flows from investing activities:    
Acquisition of property, plant, and equipment (24,979) (29,535)
Other 0 5,139
Net cash used for investing activities (24,979) (24,396)
Cash flows from financing activities:    
Change in short-term and other borrowings 180,616 (709,675)
(Repayments of) proceeds from long-term bank borrowings, net (464,223) 477,032
Proceeds from exercise of stock options 904 2,929
Repurchases of common stock (59,413) (87,948)
Net cash used for financing activities (342,116) (317,662)
Effect of exchange rate changes on cash 58,491 (36,395)
Net increase in cash and cash equivalents 43,075 24,757
Cash and cash equivalents at beginning of period 188,807 218,053
Cash and cash equivalents at end of period $ 231,882 $ 242,810