XML 30 R8.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Sep. 28, 2019
OPERATING ACTIVITIES      
Net income (loss) $ 1,869,700,000 $ 1,110,500,000 $ (203,600,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 88,000,000.0 83,100,000 92,500,000
Amortization 318,900,000 292,900,000 370,600,000
Stock-based compensation expense 65,000,000.0 83,300,000 62,000,000.0
Deferred income taxes and other non-cash taxes (70,100,000) (94,400,000) (235,700,000)
Impairment of intangible assets and equipment 0 30,200,000 685,400,000
Debt extinguishment loss 21,600,000 0 800,000
Other adjustments and non-cash items 24,300,000 27,300,000 33,800,000
Changes in operating assets and liabilities, excluding the effect of acquisitions and dispositions:      
Accounts receivable 110,900,000 (427,100,000) (76,500,000)
Inventory (84,100,000) (25,300,000) (63,000,000.0)
Prepaid income taxes 13,000,000.0 (3,800,000) (3,200,000)
Prepaid expenses and other assets (56,300,000) (286,200,000) (6,000,000.0)
Accounts payable 20,400,000 (4,900,000) (5,500,000)
Accrued expenses and other liabilities (4,900,000) 96,000,000.0 (16,500,000)
Deferred revenue 14,000,000.0 15,000,000.0 14,400,000
Net cash provided by operating activities 2,330,400,000 896,600,000 649,500,000
INVESTING ACTIVITIES      
Acquisition of businesses, net of cash acquired (1,164,700,000) (119,400,000) (110,600,000)
Net proceeds from sale of business 0 139,300,000 0
Payments to Acquire Equity Method Investments 0 0 (18,200,000)
Loans to SSI 0 0 (28,400,000)
Purchase of property and equipment (96,800,000) (98,300,000) (57,000,000.0)
Increase in equipment under customer usage agreements (59,400,000) (58,100,000) (52,100,000)
Payments to Acquire in Process Research and Development 6,500,000 0 4,500,000
Other activity (2,200,000) (5,100,000) (9,900,000)
Net cash used in investing activities (1,329,600,000) (141,600,000) (280,700,000)
FINANCING ACTIVITIES      
Proceeds from long-term debt, net of issuance costs 0 0 1,497,300,000
Repayment of long-term debt (75,000,000.0) (45,800,000) (1,465,000,000)
Proceeds from Senior Notes 936,300,000 0 0
Repayment of Senior Notes (970,800,000) 0 0
Proceeds from revolving credit line 0 750,000,000.0 480,000,000.0
Repayments under revolving credit line (250,000,000.0) (500,000,000.0) (780,000,000.0)
Proceeds from accounts receivable securitization agreement 320,000,000.0 16,000,000.0 43,000,000.0
Repayments under accounts receivable securitization agreement (71,500,000) (250,000,000.0) (34,000,000.0)
Payments to Noncontrolling Interests (8,500,000) (1,800,000) 0
Repurchases of common stock (409,800,000) (653,600,000) (200,100,000)
Payments for Previous Acquisition 1,900,000 24,300,000 6,500,000
Purchase of interest rate caps 0 0 (1,500,000)
Net proceeds from issuance of common stock under employee stock plans 51,300,000 65,600,000 49,800,000
Payment of minimum tax withholdings on net share settlements of equity awards (47,500,000) (14,300,000) (12,800,000)
Payments under finance lease obligations 2,400,000 1,700,000 1,700,000
Net cash used in financing activities (529,800,000) (659,900,000) (431,500,000)
Effect of exchange rate changes on cash and cash equivalents (1,700,000) 4,100,000 (2,200,000)
Net increase (decrease) in cash and cash equivalents 469,300,000 99,200,000 (64,900,000)
Cash and cash equivalents, beginning of period 701,000,000.0 601,800,000 666,700,000
Cash and cash equivalents, end of period $ 1,170,300,000 $ 701,000,000.0 $ 601,800,000