XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Cash flows relating to operating activities    
Net income $ 303,502 $ 259,010
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 226,325 198,299
Stock-based compensation 51,548 52,289
Loss on debt extinguishment and amortization of other financing costs 3,054 28,972
Deferred income taxes (26,323) (13,757)
Loss on venture capital and strategic equity investments, net 20,068 17,277
Contingent consideration, fair value changes (15,420) (10,360)
Other, net 31,574 928
Changes in assets and liabilities:    
Trade receivables and contract assets, net (174,169) (35,592)
Inventories (76,283) (5,639)
Accounts payable 5,979 11,431
Accrued compensation (32,734) 18,210
Deferred revenue 53,565 (9,394)
Customer contract deposits 16,234 4,850
Other assets and liabilities, net (2,037) 15,017
Net cash provided by operating activities 384,883 531,541
Cash flows relating to investing activities    
Acquisition of businesses and assets, net of cash acquired (283,392) (1,292,093)
Capital expenditures (235,709) (129,997)
Purchases of investments and contributions to venture capital investments (129,363) (31,963)
Proceeds from sale of investments 3,104 5,960
Other, net (6,945) 854
Net cash used in investing activities (652,305) (1,447,239)
Cash flows relating to financing activities    
Proceeds from long-term debt and revolving credit facility 2,798,665 6,119,671
Proceeds from exercises of stock options 17,710 43,314
Payments on long-term debt, revolving credit facility, and finance lease obligations (2,524,387) (5,190,394)
Purchase of treasury stock (38,492) (40,440)
Payment of debt extinguishment and financing costs 0 (38,253)
Purchases of additional equity interests, net (30,533) 0
Payment of contingent considerations (10,356) (2,328)
Other, net (6,048) 0
Net cash provided by financing activities 206,559 891,570
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 10,726 17,514
Net change in cash, cash equivalents, and restricted cash (50,137) (6,614)
Cash, cash equivalents, and restricted cash, beginning of period 246,314 233,119
Cash, cash equivalents, and restricted cash, end of period 196,177 226,505
Supplemental cash flow information:    
Cash and cash equivalents 193,701 212,539
Cash classified within current assets held for sale 0 8,612
Restricted cash included in Other current assets 1,376 4,275
Restricted cash included in Other assets 1,100 1,079
Cash, cash equivalents, and restricted cash, end of period $ 196,177 $ 226,505