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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
Operating Activities:      
Net income $ 1,289,636 $ 973,585 $ 1,082,200
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 132,347 118,743 103,498
Amortization 45,225 45,110 51,320
(Gain) loss on sale of property and equipment 215 (2,083) 298
Unrealized foreign currency (gains) losses (25,541) (5,867) 36,385
Deferred income taxes (340,774) (143,286) (5,368)
Stock compensation expense 101,422 76,801 92,522
Realized gains on marketable securities 62 986 (622)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net of allowance for doubtful accounts (129,120) 167,336 (19,106)
Inventories 244,506 (363,327) (476,454)
Other current and noncurrent assets 7,887 72,185 (38,004)
Accounts payable 28,503 (131,268) 108,946
Other current and noncurrent liabilities 52,188 (71,756) 70,007
Deferred revenue 10,411 (2,379) (7,377)
Deferred costs (2,661) 3,591 8,288
Income Taxes (38,041) 49,888 5,894
Net cash provided by operating activities 1,376,265 788,259 1,012,427
Investing activities:      
Purchases of property and equipment (193,524) (244,286) (307,645)
Proceeds from sale of property and equipment 218 2,402 35
Purchase of intangible assets (1,504) (1,907) (1,942)
Purchase of marketable securities (170,681) (1,051,994) (1,508,712)
Redemption of marketable securities 183,372 1,164,116 1,363,070
Acquisitions, net of cash acquired (150,853) (13,455) (20,175)
Net cash used in investing activities (332,972) (145,124) (475,369)
Financing activities:      
Dividends (558,769) (679,096) (491,457)
Proceeds from issuance of treasury stock related to equity awards 44,063 62,221 35,733
Purchase of treasury stock related to equity awards (22,815) (22,730) (30,985)
Purchase of treasury stock under share repurchase plan (98,988) (201,012) 0
Net cash used in financing activities (636,509) (840,617) (486,709)
Effect of exchange rate changes on cash and cash equivalents 7,460 (21,449) (10,254)
Net (decrease) increase in cash, cash equivalents, and restricted cash 414,244 (218,931) 40,095
Cash, cash equivalents, and restricted cash at beginning of year 1,279,912 1,498,843 1,458,748
Cash, cash equivalents, and restricted cash at end of year 1,694,156 1,279,912 1,498,843
Supplemental disclosures of cash flow information      
Cash paid during the year for income taxes 302,154 184,809 131,040
Cash received during the year from income tax refunds 12,133 7,786 8,264
Supplemental disclosure of non-cash investing and financing activities      
(Decrease) increase in accrued capital expenditures related to purchases of property and equipment (634) (4,320) 9,541
Change in marketable securities related to unrealized (depreciation) appreciation 45,506 (107,362) (32,622)
Fair value of assets acquired 189,341 15,340 20,956
Liabilities assumed (37,436) (1,624) (764)
Less: cash acquired (1,052) (261) (17)
Cash paid for acquisitions, net of cash acquired $ 150,853 $ 13,455 $ 20,175