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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Cash flows from operating activities:    
Net income $ 396,119 $ 331,698
Adjustments to reconcile net income from operations to net cash provided by operating activities:    
Depreciation 74,480 68,858
Stock-based compensation 45,267 45,236
Provision for excess and obsolete inventory 15,516 23,069
Amortization 14,133 14,083
Losses (gains) on investments 10,139 (3,159)
Equity in net earnings of affiliate 1,075  
Gain on sale of business (57,486) 0
Deferred taxes (26,261) (24,026)
Retirement plan actuarial losses (gains) (2,512) 0
Other (5,041) (13)
Changes in operating assets and liabilities    
Accounts receivable (65,266) 30,191
Inventories 11,127 6,395
Prepayments and other assets 61,438 (63,982)
Accounts payable and other liabilities (63,666) 3,999
Deferred revenue and customer advances 3,624 (49,517)
Retirement plans contributions (4,169) (3,698)
Income taxes (18,898) (42,683)
Net cash provided by operating activities 389,619 336,451
Cash flows from investing activities:    
Purchases of property, plant and equipment (140,710) (115,306)
Purchase of investment in a business (527,060) 0
Purchases of marketable securities (35,097) (137,786)
Issuance of convertible loan   (5,000)
Proceeds from the sale of a business, net of cash and cash equivalents sold 90,348 0
Proceeds from maturities of marketable securities 33,163 71,447
Proceeds from sales of marketable securities 23,600 36,963
Proceeds from insurance 873 460
Net cash used for investing activities (554,883) (149,222)
Cash flows from financing activities:    
Repayments of borrowings on revolving credit facility (185,000) 0
Dividend payments (56,936) (51,081)
Repurchase of common stock (55,053) (346,492)
Payments related to net settlement of employee stock compensation awards (13,833) (20,586)
Payments of convertible debt principal 0 (26,735)
Proceeds from borrowings on revolving credit facility 185,000 0
Issuance of common stock under stock purchase and stock option plans 37,265 34,084
Net cash used for financing activities (88,557) (410,810)
Effects of exchange rate changes on cash and cash equivalents 6,286 5,769
Decrease in cash and cash equivalents (247,535) (217,812)
Cash and cash equivalents at beginning of period 757,571 854,773
Cash and cash equivalents at end of period 510,036 636,961
Non-cash investing activities:    
Capital expenditures incurred but not yet paid: $ 3,679 $ 2,392