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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Cash flows from operating activities:      
Net income $ 143.5 $ 229.6 $ 240.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 136.1 35.6 29.3
Stock-based compensation 47.7 44.7 42.2
Amortization of debt issuance costs 1.4 0.0 0.0
Loss on disposal of equipment, intangibles and other assets 0.5 0.5 0.6
Provision for credit losses 1.3 0.8 0.1
Benefit from deferred income taxes (39.3) (15.1) (5.0)
Changes in operating assets and liabilities:      
Increase in trade accounts receivable (138.5) (60.8) (2.2)
(Increase) decrease in inventories (155.9) 13.5 (94.4)
(Increase) decrease in other current assets (7.4) 6.9 (30.0)
Increase in lease receivable, net (12.8) (16.1) (7.7)
Increase in deferred costs and other contract assets (13.4) (8.1) (2.8)
(Increase) decrease in other non-current assets (4.9) 0.0 (1.3)
Increase in accounts payable 60.5 11.0 7.6
(Decrease) increase in accrued compensation (9.3) 0.0 15.5
Increase in deferred revenue and other contract-related liabilities 28.1 7.1 10.9
Increase (decrease) in income taxes payable 3.8 6.4 (1.3)
(Decrease) increase in accrued liabilities (16.1) 7.8 9.4
Increase (decrease) in other non-current liabilities 4.1 0.8 (0.1)
Net cash provided by operating activities 29.4 264.6 211.1
Cash flows from investing activities:      
Maturities of short-term investments 0.0 0.0 120.0
Purchases of property and equipment, net (52.8) (25.5) (72.5)
Increase in intangible assets (3.5) (9.4) (7.4)
Business combinations, net of cash acquired (999.7) 0.0 (112.7)
Deposit to acquire noncontrolling interest 0.0 0.0 (3.4)
Other strategic investing activities (1.7) (2.6) (6.8)
Net cash used in investing activities (1,057.7) (37.5) (82.8)
Cash flows from financing activities:      
Borrowings under revolving line of credit 1,083.9 0.0 0.0
Repayments under revolving line of credit (135.4) 0.0 0.0
Proceeds from issuance of common stock 8.1 23.2 58.4
Repurchases of common stock (401.5) (128.9) (110.5)
Payroll tax withholdings on behalf of employees for stock options (25.4) (16.7) (2.2)
Debt issuance costs (9.3) 0.0 0.0
Net cash provided by (used in) financing activities 520.4 (122.4) (54.3)
Effect of foreign currency exchange rates on cash (30.9) (1.3) 2.9
Net increase in cash, cash equivalents and restricted cash (538.8) 103.4 76.9
Cash, cash equivalents and restricted cash at beginning of period 748.4 645.0 568.1
Cash, cash equivalents and restricted cash at end of period $ 209.6 $ 748.4 $ 645.0