XML 39 R7.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 18, 2011
Jun. 19, 2010
Operating Activities    
Net income $ 85,078 $ 56,234
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,398 50,022
Share-based compensation expense 3,997 2,757
Net losses on financial instruments 37,238 8,043
Asset write-offs and net (gain) loss on sale of assets 4,222 (5,071)
Earnings from equity method investments (4,690) (4,283)
Amortization of debt discounts and debt issuance costs 5,228 4,764
Provision for long-term receivables   1,370
Write-off of debt issuance costs 20 4,650
Provision for deferred income taxes 11,875 (632)
Pension and other postretirement benefit plan expense 11,656 6,948
Other 35 852
Changes in operating assets and liabilities:    
Receivables (98,222) (67,434)
Inventories (64,222) 26,837
Prepaid expenses and other assets (336) (324)
Income taxes (4,796) (1,829)
Accounts payable 62,709 30,651
Accrued liabilities (5,096) (3,586)
Other long-term liabilities (15,125) (19,006)
Cash flow provided by operating activities 76,969 90,963
Investing Activities    
Cash received from sales of assets and businesses, net of cash disposed 7,996 18,784
Capital expenditures (35,946) (31,823)
Restricted deposits 45,114 (890)
Other (465) (515)
Cash flow provided by (used in) investing activities 16,699 (14,444)
Financing Activities    
Short-term debt repayments, net of borrowings (3,310) (5,613)
Long-term debt borrowings 163,043 923,218
Long-term debt repayments (182,975) (906,222)
Payment of debt issuance costs   (16,986)
Payment of initial public offering costs   (957)
Net proceeds from stock option exercises 312  
Dividends paid to noncontrolling interests (2,250) (1,268)
Settlement of long-term Japanese yen hedge forwards (2,212)  
Cash flow used in financing activities (27,392) (7,828)
Effect of foreign currency exchange rate changes on cash 2,461 (3,015)
Increase in cash and cash equivalents 68,737 65,676
Cash and cash equivalents at beginning of period 170,147 119,670
Cash and cash equivalents at end of period $ 238,884 $ 185,346