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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 8 Months Ended
Sep. 11, 2022
Sep. 12, 2021
Cash flows from operating activities:    
Net income $ 293,961 $ 354,782
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 56,026 50,219
Loss on sale/disposal of assets 475 493
Amortization of debt issuance costs 3,937 5,770
Provision for deferred income taxes 5,912 4,831
Non-cash equity-based compensation expense 21,590 19,453
Excess tax benefits from equity-based compensation (907) (18,258)
Provision for losses on accounts and notes receivable 2,870 532
Unrealized gain on investments 0 (2,500)
Changes in operating assets and liabilities (49,288) 20,212
Changes in advertising fund assets and liabilities, restricted (4,422) 49,067
Net cash provided by operating activities 330,154 484,601
Cash flows from investing activities:    
Capital expenditures (50,508) (50,652)
Purchase of investments 0 (40,000)
Purchases of franchise operations and other assets (6,814) 0
Other (1,375) 306
Net cash used in investing activities (58,697) (90,346)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 120,000 1,850,000
Repayments of long-term debt and finance lease obligations (41,441) (896,193)
Proceeds from exercise of stock options 1,296 15,948
Purchases of common stock (293,739) (1,104,687)
Tax payments for restricted stock upon vesting (10,691) (6,817)
Payments of common stock dividends and equivalents (79,689) (71,218)
Cash paid for financing costs 0 (14,938)
Other 0 (244)
Net cash used in financing activities (304,264) (228,149)
Effect of exchange rate changes on cash (611) 58
Change in cash and cash equivalents, restricted cash and cash equivalents (33,418) 166,164
Cash and cash equivalents, beginning of period 148,160 [1] 168,821
Restricted cash and cash equivalents, beginning of period 180,579 [1] 217,453
Cash and cash equivalents included in advertising fund assets, restricted, beginning of period 161,741 115,872
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, beginning of period 490,480 502,146
Cash and cash equivalents, end of period 114,776 295,352
Restricted cash and cash equivalents, end of period 184,564 206,274
Cash and cash equivalents included in advertising fund assets, restricted, end of period 157,722 166,684
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, end of period $ 457,062 $ 668,310
[1] The condensed consolidated balance sheet at January 2, 2022 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.