COHERENT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued) (In thousands) (continued) Year Ended September 28, 2019 September 29, 2018 September 30, 2017 Cash flows from financing activities: Short-term borrowings $ 119,594 $ 89,092 $ 8,863 Repayments of short-term borrowings (111,794 ) (90,751 ) (30,819 ) Proceeds from long-term borrowings — — 740,685 Repayments of long-term borrowings (7,537 ) (171,593 ) (179,580 ) Cash paid to subsidiaries' minority shareholders — — (816) Issuance of common stock under employee stock option and purchase plans 11,811 10,574 8,111 Excess tax benefits from stock-based compensation arrangements — — 1,628 Repurchase of common stock (77,410 ) (100,000 ) — Net settlement of restricted common stock (15,179) (36,320) (15,717) Debt issuance costs — — (26,367 ) Net cash provided by (used in) financing activities (80,515) (298,998) 505,988 Effect of exchange rate changes on cash, cash equivalents and restricted cash (5,977 ) (2,419 ) 22,924 Net increase (decrease) in cash, cash equivalents and restricted cash (5,384) (133,042) 102,740 Cash, cash equivalents and restricted cash, beginning of year 324,045 457,087 354,347 Cash, cash equivalents and restricted cash, end of year $ 318,661 $ 324,045 $ 457,087 Supplemental disclosure of cash flow information: Cash paid during the year for: Interest $ 14,475 $ 16,282 $ 27,160 Income taxes $ 156,650 $ 101,924 $ 57,517 Cash received during the year for: Income taxes $ 23,416 $ 5,203 $ 2,513 Noncash investing and financing activities: Unpaid property and equipment purchases $ 4,406 $ 6,176 $ 3,197 Use of previously owned equity shares in acquisition $ — $ — $ 20,685 September 28,  2019 September 29,  2018 September 30,  2017 Cash and cash equivalents $ 305,833 $ 310,495 $ 443,066 Restricted cash, current 792 858 1,097 Restricted cash, non-current 12,036 12,692 12,924 Total cash, cash equivalents, and restricted cash shown in the consolidated statement of cash flows $ 318,661 $ 324,045 $ 457,087 (concluded) See accompanying Notes to Consolidated Financial Statements The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows. 74