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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2022
USD ($)
Oct. 01, 2022
USD ($)
Sep. 25, 2021
USD ($)
OPERATING ACTIVITIES      
Net income $ 75,468 $ 280,002 $ 231,862
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 17,000 48,326 41,441
Amortization of intangibles 15,567 39,883 31,608
Deferred revenue   (377) (2,154)
Non-cash inventory charges   11,534 6,807
Stock-based compensation   19,732 16,010
Loss (gain) on investments and other assets   13,740 (9,739)
Deferred income taxes   (4,320) 1,116
Other   55,424 11,735
Changes in operating assets and liabilities:      
Trade receivables   (56,431) (83,793)
Inventories   (83,803) (71,232)
Accounts payable   (3,838) 53,945
Accrued liabilities and income taxes   (4,399) 23,294
Prepaid expenses and other assets   (2,034) (10,236)
Net cash provided by operating activities   313,439 240,664
INVESTING ACTIVITIES      
Acquisitions of businesses, net of cash acquired   (532,772) (110,646)
Purchases of property, plant, and equipment   (77,773) (57,526)
Net proceeds from sale of property, plant and equipment, and other   565 2,561
Net cash used in investing activities   (609,980) (165,611)
FINANCING ACTIVITIES      
Proceeds of term loan   300,000 0
Proceeds of senior notes   100,000 0
Payments of senior notes payable   (25,000) 0
Repayments of other debts   (5,979) 0
Payments of term loan   (1,875) 0
Payments of revolving credit facility   0 (30,000)
Net proceeds related to stock-based award activities   (1,568) 5,771
Debt issuance costs (400) (2,600) 0
Cash dividends paid   (41,055) (36,648)
Net cash provided by (used in) financing activities   321,923 (60,877)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash   (31,963) (5,832)
(Decrease) increase in cash, cash equivalents, and restricted cash   (6,581) 8,344
Cash, cash equivalents, and restricted cash at beginning of period   482,836 687,525
Cash, cash equivalents, and restricted cash at end of period 476,255 476,255 695,869
Supplementary Cash Flow Information      
Cash and cash equivalents 474,003 474,003 690,682
Restricted cash included in prepaid expenses and other current assets 824 824 3,483
Restricted cash included in other long-term assets 1,428 1,428 1,704
Cash paid interest during the period $ 8,500 16,888 14,830
Capital expenditures, not yet paid   $ 9,111 $ 9,234