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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Operating Activities:      
Net income $ 1,411,436 $ 1,289,636 $ 973,585
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 140,494 132,347 118,743
Amortization 39,241 45,225 45,110
(Gain) loss on sale of property and equipment (4,903) 215 (2,083)
Unrealized foreign currency losses (gains) 26,889 (25,541) (5,867)
Deferred income taxes (88,137) (340,774) (143,286)
Stock compensation expense 137,162 101,422 76,801
Realized gains on marketable securities 8 62 986
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net of allowance for doubtful accounts (196,256) (129,120) 167,336
Inventories (178,815) 244,506 (363,327)
Other current and noncurrent assets (42,130) 7,887 72,185
Accounts payable 120,637 28,503 (131,268)
Other current and noncurrent liabilities 24,546 52,188 (71,756)
Deferred revenue 2,223 10,411 (2,379)
Deferred costs (3,615) (2,661) 3,591
Income Taxes 43,691 (38,041) 49,888
Net cash provided by operating activities 1,432,471 1,376,265 788,259
Investing activities:      
Purchases of property and equipment (193,571) (193,524) (244,286)
Purchase of marketable securities (507,518) (170,681) (1,051,994)
Redemption of marketable securities 309,166 183,372 1,164,116
Acquisitions, net of cash acquired (16,444) (150,853) (13,455)
Other investing activities, net 15,034 (1,286) 495
Net cash used in investing activities (393,333) (332,972) (145,124)
Financing activities:      
Dividends (572,355) (558,769) (679,096)
Proceeds from issuance of treasury shares related to equity awards 49,963 44,063 62,221
Purchase of treasury shares related to equity awards (42,117) (22,815) (22,730)
Purchase of treasury shares under share repurchase plan (62,348) (98,988) (201,012)
Net cash used in financing activities (626,857) (636,509) (840,617)
Effect of exchange rate changes on cash and cash equivalents (26,283) 7,460 (21,449)
Net increase (decrease) in cash, cash equivalents, and restricted cash 385,998 414,244 (218,931)
Cash, cash equivalents, and restricted cash at beginning of year 1,694,156 1,279,912 1,498,843
Cash, cash equivalents, and restricted cash at end of year 2,080,154 1,694,156 1,279,912
Supplemental disclosures of cash flow information      
Cash paid during the year for income taxes 333,795 302,154 184,809
Cash received during the year from income tax refunds 14,391 12,133 7,786
Supplemental disclosure of non-cash investing and financing activities      
Decrease in accrued capital expenditures related to purchases of property and equipment (2,900) (634) (4,320)
Change in marketable securities related to unrealized appreciation (depreciation) 31,308 45,506 (107,362)
Fair value of assets acquired 27,896 189,341 15,340
Liabilities assumed (5,442) (37,436) (1,624)
Less: cash acquired (6,010) (1,052) (261)
Cash paid for acquisitions, net of cash acquired $ 16,444 $ 150,853 $ 13,455