XML 32 R8.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2020
Dec. 28, 2018
Dec. 29, 2017
Cash flows from operating activities:      
Net income $ 321,012 $ 690,070 $ 154,227
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 8,348 4,915 1,187
Stock-based compensation 56,602 40,626 23,938
Non-cash lease expense 2,819 2,854 0
Deferred taxes 71,002 (244,111) 0
Other, net 88 1,129 (6,795)
Changes in operating assets and liabilities:      
Trade receivables, net 43,716 (85,471) (43,299)
Inventory (5,731) (3,181) (3,319)
Prepaid expenses and other assets (5,723) (8,525) (378)
Deferred revenue (9,301) 271 13,745
Accounts payable and other liabilities 44,124 17,143 26,305
Net cash provided by operating activities 526,956 415,720 165,611
Cash flows from investing activities:      
Purchases of property, equipment and other (12,834) (33,297) (21,143)
Proceeds from sale of property and equipment 0 308 164
Purchases of investments (1,182,682) (557,832) (319,090)
Proceeds from sales and maturities of investments 608,269 292,971 376,864
Net cash (used in) provided by investing activities (587,247) (297,850) 36,795
Cash flows from financing activities:      
Proceeds from issuance of common stock under equity incentive and stock purchase plans 22,499 17,278 22,423
Taxes paid related to net share settlement of equity awards (9,904) (7,574) (6,563)
Principal repayments of debt 0 0 (185,788)
Other, net (42) (13) 0
Net cash provided by (used in) financing activities 12,553 9,691 (169,928)
Net (decrease) increase in cash, cash equivalents and restricted cash equivalents (47,738) 127,561 32,478
Cash, cash equivalents and restricted cash equivalents at beginning of period 315,875 188,314 155,836
Cash, cash equivalents and restricted cash equivalents at end of period 268,137 315,875 188,314
Supplemental cash flow disclosure:      
Cash paid for interest 0 0 20,460
Cash paid for taxes 7,873 10,677 538
Non-cash activities:      
Right-of-use assets obtained in exchange for lease obligations 29,562 17,180  
Property and equipment deemed to have been acquired in build-to-suit lease 0 0 14,530
Unpaid liabilities incurred for purchases of property and equipment $ 26 $ 802 $ 524