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v3.23.2

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended
--- | ---
Jun. 30, 2023 | Jun. 26, 2022
Cash flows from operating activities: |  |
Net cash provided by operating activities | $ 410,520 | $ 244,186
Cash flows from investing activities: |  |
Capital expenditures | (86,526) | (55,015)
Origination of finance receivables | (2,128,983) | (2,511,193)
Collections on finance receivables | 1,869,463 | 2,071,952
Other investing activities | 850 | 797
Net cash used by investing activities | (345,196) | (493,459)
Cash flows from financing activities: |  |
Proceeds from issuance of medium-term notes | 1,446,304 | 495,785
Repayments of medium-term notes | (1,056,680) | (950,000)
Proceeds from securitization debt | 547,706 | 1,826,891
Repayments of securitization debt | (645,377) | (610,205)
Borrowings of asset-backed commercial paper | 33,547 | 425,253
Repayments of asset-backed commercial paper | (129,961) | (133,159)
Net decrease in unsecured commercial paper | (75,229) | (50,672)
Net increase in deposits | 122,288 | 55,255
Dividends paid | (48,193) | (47,146)
Repurchase of common stock | (169,645) | (325,828)
Other financing activities | 76 | (1,237)
Net cash provided by financing activities | 24,836 | 684,937
Effect of exchange rate changes on cash, cash equivalents and restricted cash | (490) | (14,413)
Net increase in cash, cash equivalents and restricted cash | 89,670 | 421,251
Cash, cash equivalents and restricted cash, beginning of period | 1,579,177 | 2,025,219
Net increase in cash, cash equivalents and restricted cash | 89,670 | 421,251
Cash, cash equivalents and restricted cash, end of period | 1,668,847 | 2,446,470
Reconciliation of cash, cash equivalents and restricted cash on the Consolidated balance sheets to the Consolidated statements of cash flows: |  |
Cash and cash equivalents | 1,521,940 | 2,194,259
Restricted cash | 135,618 | 226,488
Restricted cash included in Other long-term assets | 11,289 | 25,723
Cash, cash equivalents and restricted cash per the Consolidated statements of cash flows | $ 1,668,847 | $ 2,446,470

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