January 1,	January 2,	January 3,
	2021	2022	2023
Cash flows from operating activities:
Net income	$ 117,832	$ 200,392	$ 177,370
Adjustments to reconcile net income to net cash provided
by operating activities:
Depreciation and amortization (exclusive of amortization
of cloud computing arrangements shown separately below)	132,775	125,540	133,414
Amortization of cloud computing arrangements	-	-	2,394
Share-based compensation	18,930	22,019	24,538
Impairment of long-lived assets	8,037	2,251	6,420
Deferred income tax	10,266	(13,781)	4,305
Non-cash rental expense, net	28,937	40,596	33,915
Change in operating lease liabilities	(40,905)	(45,606)	(45,682)
Net (recognition) receipt of deferred vendor incentives	2,495	715	(1,060)
System optimization gains, net	(3,148)	(33,545)	(6,779)
Gain on sale of investments, net	-	(63)	-
Distributions received from TimWen joint venture	8,376	16,337	12,612
Equity in earnings in joint ventures, net	(6,096)	(11,203)	(9,422)
Long-term debt-related activities, net (see Note 21)	6,723	24,758	7,762
Cloud computing arrangements expenditures	-	(14,086)	(30,220)
Other, net	(6,438)	844	(4,554)
Changes in operating assets and liabilities:
Accounts and notes receivable, net	(16,243)	(5,613)	(5,857)
Inventories	(841)	(872)	(1,203)
Prepaid expenses and other current assets	(8,780)	(3,396)	6,769
Advertising funds restricted assets and liabilities	49,052	11,519	(30,503)
Accounts payable	1,620	7,586	(1,533)
Accrued expenses and other current liabilities	(18,231)	21,380	(12,782)
Net cash provided by operating activities	284,361	345,772	259,904
Cash flows from investing activities:
Capital expenditures	(68,969)	(77,984)	(85,544)
Franchise development fund	-	-	(3,605)
Acquisitions	(4,879)	(123,069)	-
Dispositions	6,091	55,118	8,237
Proceeds from sale of investments	169	63	-
Notes receivable, net	(662)	1,203	3,136
Payments for investments	-	(10,000)	-
Net cash used in investing activities	(68,250)	(154,669)	(77,776)
Cash flows from financing activities:
Proceeds from long-term debt	153,315	1,100,000	500,000
Repayments of long-term debt	(191,462)	(970,344)	(26,750)
Repayments of finance lease liabilities	(8,383)	(13,640)	(17,312)
Deferred financing costs	(2,122)	(20,873)	(10,232)
Repurchases of common stock, including accelerated share
repurchase	(62,173)	(268,531)	(51,950)
Dividends	(64,866)	(94,846)	(106,779)
Proceeds from stock option exercises	23,361	30,003	4,865
Payments related to tax withholding for share-based
compensation	(5,577)	(4,511)	(3,168)
Net cash provided by (used in) financing activities	(157,907)	(242,742)	288,674
Net cash provided by (used in) operations before effect
of exchange rate changes on cash	58,204	(51,639)	470,802
Effect of exchange rate changes on cash	1,330	364	(5,967)
Net increase (decrease) in cash, cash equivalents and
restricted cash	59,534	(51,275)	464,835
Cash, cash equivalents and restricted cash at beginning
of period	358,707	418,241	366,966
Cash, cash equivalents and restricted cash at end of
period	$ 418,241	$ 366,966	$ 831,801

Please Forecast for 5 years for all

2024, 2025, 2026, 2027 and 2028