XML 18 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2023
Jul. 01, 2022
Cash flows from operating activities:    
Net income $ 468,088 $ 118,733
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation and amortization 408,795 400,778
Asset write-downs 35,479 0
Reduction of contingent consideration liability (see Note 13) (73,891) 0
Gain on sale of equity investments, net (375,972) 0
Deferred income taxes 93,092 15,340
Share-based compensation expense 65,621 71,799
Changes in operating assets and liabilities:    
Receivables (196,923) (333,847)
Inventories (32,621) (23,616)
Prepayments and Other Current Assets (14,114) (357)
Accounts Payable (297,750) 1,726
Accrued Expenses (261,984) (339,497)
Payments made to clients on contracts (103,798) (39,043)
Other operating activities 15,885 (14,009)
Net cash used in operating activities (270,093) (141,993)
Cash flows from investing activities:    
Purchases of property and equipment and other (311,226) (260,137)
Disposals of property and equipment 23,924 14,490
Purchases of marketable securities (69,998) 0
Proceeds from marketable securities 40,000 0
Acquisition of certain businesses, net of cash acquired (49,503) (342,633)
Acquisition of certain equity investments (4,000) (64,000)
Proceeds from sale of equity investments 633,179 0
Other investing activities 19,530 10,836
Net cash provided by (used in) investing activities 281,906 (641,444)
Cash flows from financing activities:    
Proceeds from long-term borrowings 1,550,886 328,326
Payments of long-term borrowings (1,828,455) (56,923)
Net change in funding under the Receivables Facility 395,065 500,000
Payments of dividends (85,898) (84,770)
Proceeds from issuance of common stock 43,715 35,275
Other financing activities (27,432) (18,384)
Net cash provided by financing activities 47,881 703,524
Effect of foreign exchange rates on cash and cash equivalents 13,268 (13,810)
Increase (decrease) in cash and cash equivalents 72,962 (93,723)
Cash and cash equivalents, beginning of period 329,452 532,591
Cash and cash equivalents, end of period 402,414 438,868
Supplemental Cash Flow Information    
Interest paid 322,200 259,000
Income taxes paid $ 37,300 $ 16,500