XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Cash flows from operating activities:    
Net income $ 426,029 $ 480,693
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 32,224 30,929
Deferred income taxes 267 (20,836)
Depreciation 62,235 54,306
Amortization of intangibles 55,610 44,799
Realized gain on sale of investment (651) 0
Acquired in-process research and development and other non-cash items 0 10,003
Change in operating assets and liabilities:    
Decrease (increase) in accounts receivable 100,327 (39,098)
Increase in inventories (81,415) (113,211)
Increase in other current assets (24,066) (6,861)
Increase in other assets (23,432) (3,881)
Decrease in accounts payable and other current liabilities (130,065) (4,952)
Increase in deferred revenue and customer advances 38,959 47,060
Decrease in other liabilities (83,335) (65,999)
Net cash provided by operating activities 372,687 412,952
Cash flows from investing activities:    
Additions to property, plant, equipment and software capitalization (119,044) (113,737)
Business acquisitions, net of cash acquired (1,285,907) 0
Proceeds from equity investments, net 651 8,903
Payments for intellectual property licenses 0 (7,535)
Purchases of investments (1,791) (11,407)
Maturities and sales of investments 1,770 77,993
Net cash used in investing activities (1,404,321) (45,783)
Cash flows from financing activities:    
Proceeds from debt issuances 1,450,041 165,000
Payments on debt (520,040) (135,000)
Payments of debt issuance costs (400) 0
Proceeds from stock plans 18,092 36,136
Purchases of treasury shares (70,433) (477,167)
Proceeds from derivative contracts 8,178 12,844
Net cash provided by (used in) financing activities 885,438 (398,187)
Effect of exchange rate changes on cash and cash equivalents 2,081 (26,579)
Decrease in cash and cash equivalents (144,115) (57,597)
Cash and cash equivalents at beginning of period 480,529 501,234
Cash and cash equivalents at end of period $ 336,414 $ 443,637