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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Jan. 01, 2023
Jan. 02, 2022
Cash flows from operating activities      
Net loss $ (117,088) $ (219,780) $ (268,714)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 111,403 99,930 83,613
Non-cash share-based compensation (Note 14) 18,875 26,207 26,660
Deferred tax expense (benefit) (607) 237 (273)
Loss (gain) on sale of property and other, net 1,038 (390) (6,837)
Loss on impairment of long-lived assets (Note 6 and Note 9) 47,455 0 0
Provision for write-down of inventories 6,827 0 0
Share of (income) loss of equity method investments (1,900) (3,941) 2,249
Amortization of debt issuance costs 2,808 4,315 4,632
Loss on debt extinguishment (Note 12) 3,278 0 14,126
PIK interest (settled), net of non-cash interest 39,300 36,254 (57,634)
Distributions from equity method investees 368 3,281 601
Foreign exchange loss (gain), net (36,196) 69,600 25,541
Changes in assets and liabilities:      
Accounts receivable (14,228) (24,109) (5,860)
Inventories (9,747) (31,029) (7,561)
Operating leases, net (2,194) 25,190 26,973
Other operating assets (17,952) (38,667) (19,379)
Deferred revenue 13,845 20,131 27,251
Accounts payable and accrued and other liabilities 4,527 47,453 27,193
Net cash provided by (used in) operating activities 49,812 14,682 (127,419)
Cash flows from investing activities      
Purchase of property and equipment (67,763) (73,729) (90,812)
Proceeds from sale of assets 1,368 926 0
Purchase of intangible assets (17,966) (21,672) (12,270)
Acquisition of subsidiaries, net of cash acquired (Note 3) 0 0 559
Acquisition of noncontrolling interests (Note 3) 0 0 8,803
Investments in equity method investees (Note 5) 0 0 (7,813)
Property and casualty insurance proceeds received 148 338 0
Net cash used in investing activities (84,213) (94,137) (119,139)
Cash flows from financing activities      
Repayment of borrowings (117,790) (736) (613,984)
Payment for debt extinguishment costs (Note 12) (1,686) 0 (9,109)
Issuance of related party loans 0 3,217 4,014
Proceeds from borrowings (Note 12) 140,000 105,795 465,948
Payments for debt issuance costs (2,822) (1,860) (13,251)
Principal payments on finance leases (407) (528) (281)
Proceeds from financing obligation 0 0 0
Principal payments on financing obligation 0 (1,578) (1,334)
Distributions to noncontrolling interest (390) (1,206) (700)
Contributions from noncontrolling interest 0 0 644
Senior convertible preference shares issued, net of issuance costs (Note 15) 0 0 161,574
Purchase of treasury stock, inclusive of commissions (Note 17) (12,000) (50,000) 0
Proceeds from issuance of SHHL redeemable C ordinary shares, net of issuance costs (Note 16) 0 0 47,000
SHHL Redeemable preferred shares redeemed (Note 15) 0 0 (19,899)
Proceeds from initial public offering, net of offering costs (Note 1 and Note 2) 0 (269) 387,538
Net cash provided by financing activities 4,905 52,835 408,160
Effect of exchange rate changes on cash and cash equivalents, and restricted cash 3,060 (3,999) (910)
Net increase in cash and cash equivalents, and restricted cash (26,436) (30,619) 160,692
Cash, cash equivalents and restricted cash      
Beginning of year 190,043 220,662 59,970
End of year 163,607 190,043 220,662
Cash, cash equivalents and restricted cash are comprised of:      
Cash and cash equivalents 161,656 182,115 212,833
Restricted cash 1,951 7,928 7,829
Cash, cash equivalents and restricted cash as of December 31, 2023, January 1, 2023, and January 2, 2022 163,607 190,043 220,662
Supplemental disclosures:      
Cash paid for interest, net of capitalized interest 32,254 29,893 130,263
Cash paid for income taxes 5,541 585 310
Supplemental disclosures of non-cash investing and financing activities:      
Conversion of senior convertible preference shares to Class A common stock (Note 15) 0 0 165,907
SHHL C2 ordinary shares issued in exchange for acquisitions of businesses and non-controlling interests (Note 3) 0 0 75,825
Conversion of related party loan to SHHL A ordinary shares (Note 12) 0 0 0
Operating lease assets obtained in exchange for new operating lease liabilities 124,779 133,743 170,105
Acquisitions of property and equipment under finance leases (Note 12) 33 12,315 0
Non-cash dividends on senior convertible preference shares (Note 15) 0 0 4,335
Accrued capital expenditures as of December 31, 2023, January 1, 2023 and January 2, 2022 $ 13,760 $ 15,257 $ 6,422