XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Cash flows from operating activities:    
Net income $ 203,581 $ 359,715
Adjustments to reconcile net income from operations to net cash provided by operating activities:    
Depreciation 45,231 44,460
Stock-based compensation 32,449 25,122
Provision for excess and obsolete inventory 11,341 6,695
Amortization 9,580 10,095
Deferred taxes (13,571) (23,597)
(Gains) losses on investments (4,745) 8,973
Other (92) 522
Changes in operating assets and liabilities    
Accounts receivable (2,693) (146,384)
Inventories (13,845) (46,682)
Prepayments and other assets (29,584) (94,751)
Accounts payable and other liabilities (24,514) (43,611)
Deferred revenue and customer advances (34,938) 14,163
Retirement plans contributions (2,482) (2,618)
Income taxes (13,614) 10,815
Net cash provided by operating activities 162,104 122,917
Cash flows from investing activities:    
Purchases of property, plant and equipment (80,702) (89,743)
Purchases of marketable securities (99,018) (247,881)
Proceeds from sales of marketable securities 35,577 143,642
Proceeds from maturities of marketable securities 21,997 139,652
Proceeds from life insurance 460 0
Net cash used for investing activities (121,686) (54,330)
Cash flows from financing activities:    
Repurchase of common stock (227,845) (532,799)
Dividend payments (34,184) (35,442)
Payments related to net settlement of employee stock compensation awards (20,308) (32,780)
Payments of convertible debt principal (17,458) (42,292)
Issuance of common stock under stock purchase and stock option plans 16,599 16,536
Net cash used for financing activities (283,196) (626,777)
Effects of exchange rate changes on cash and cash equivalents 1,213 8,014
Decrease in cash and cash equivalents (241,565) (550,176)
Cash and cash equivalents at beginning of period 854,773 1,122,199
Cash and cash equivalents at end of period 613,208 572,023
Non-cash investing activities:    
Capital expenditures incurred but not yet paid: $ 1,741 $ 1,855