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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2021
Jul. 03, 2020
Statement of Cash Flows [Abstract]    
Net income $ 97,693 $ 115,433
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6,895 4,376
Stock-based compensation 62,688 30,136
Non-cash lease expense 2,586 2,383
Deferred taxes 22,800 22,793
Other, net 22,831 726
Changes in operating assets and liabilities:    
Trade receivables, net (12,313) (2,014)
Inventory (8,020) (7,049)
Prepaid expenses and other assets (12,296) (18,954)
Deferred revenue 9,346 9,659
Accounts payable and other liabilities 28,835 262
Net cash provided by operating activities 221,045 157,751
Cash flows from investing activities:    
Purchases of property, equipment and other (33,768) (9,925)
Purchases of investments (688,903) (433,154)
Proceeds from maturities and sales of investments 714,081 548,973
Net cash (used in) provided by investing activities (8,590) 105,894
Cash flows from financing activities:    
Proceeds from issuance of common stock under equity incentive plans 15,487 17,938
Taxes paid related to net share settlement of equity awards (9,413) (20,941)
Net cash provided by (used in) financing activities 6,074 (3,003)
Net increase in cash, cash equivalents and restricted cash equivalents 218,529 260,642
Cash, cash equivalents and restricted cash equivalents at beginning of period 320,772 268,137
Cash, cash equivalents and restricted cash equivalents at end of period 539,301 528,779
Non-cash operating activities:    
Right-of-use assets obtained in exchange for lease obligations 4,893 1,824
Non-cash investing activities:    
Unpaid liabilities incurred for purchases of property and equipment 5,125 804
Unpaid liabilities incurred in asset acquisition 9,000 0
Unpaid liabilities incurred for unsettled investment purchases $ 7,378 $ 0