XML 30 R9.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Statement of Cash Flows [Abstract]      
Net income $ 782,570 $ 521,267 $ 207,765
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 29,055 28,803 25,717
Impairment of long-lived assets 0 64,391 0
Stock-based compensation 112,983 93,836 106,345
Non-cash lease expense 24,229 27,461 28,976
Deferred taxes 126,237 (59,458) (133,209)
Acquired in-process research and development technology 11,999 50,750 128,500
Other, net (11,609) (13,626) (16,797)
Changes in operating assets and liabilities:      
Trade receivables, net (21,398) (27,950) (22,623)
Inventory 12,225 5,453 (12,977)
Prepaid expenses and other assets (133,771) 31,079 (29,824)
Accrued collaboration liabilities 1,899 (149) 1,345
Accounts payable and other liabilities (50,152) (21,886) 50,106
Net cash provided by operating activities 884,267 699,971 333,324
Cash flows from investing activities:      
Purchases of marketable securities (632,497) (927,905) (902,468)
Proceeds from maturities and sales of marketable securities 1,022,866 877,307 1,038,482
Purchases of property, equipment and other, net (8,429) (28,435) (40,469)
Acquired in-process research and development technology (31,499) (37,750) (122,500)
Net cash provided by (used in) investing activities 350,441 (116,783) (26,955)
Cash flows from financing activities:      
Payments for repurchases of common stock (947,511) (652,033) (550,378)
Proceeds from issuance of common stock under the equity incentive plan and stock purchase plan 49,137 61,850 33,448
Taxes paid related to net share settlement of equity awards (71,220) (38,625) (29,122)
Net cash used in financing activities (969,594) (628,808) (546,052)
Net increase (decrease) in cash and cash equivalents 265,114 (45,620) (239,683)
Cash and cash equivalents at beginning of period 217,374 262,994 502,677
Cash and cash equivalents at end of period 482,488 217,374 262,994
Supplemental cash flow disclosures:      
Net cash paid for income taxes 155,296 170,482 185,658
Non-cash operating activities:      
Right-of-use assets obtained in exchange for lease obligations 0 15,313 16,623
Impairment of right-of-use assets 0 59,735 0
Non-cash investing activity:      
Unpaid liabilities incurred for purchases of in-process research and development technology 0 19,500 6,500
Unpaid liabilities incurred for purchases of investment $ 21,825 $ 0 $ 0