XML 79 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2019
Dec. 30, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net income (loss) $ 18,560 $ (15,156) $ 102,847
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation expense from property, plant and equipment and financing or capital leases 156,886 164,502 150,422
Amortization of intangible assets and deferred proceeds, net 23,030 22,754 18,419
Fair value adjustment of acquisition related contingent consideration 92,788 28,767 3,226
Impairment of property, plant and equipment 8,798 453  
Loss on sale of property, plant and equipment 6,498 7,103 4,492
Deferred income taxes 3,987 9,366 (58,111)
Stock compensation expense 2,045 5,606 7,922
Amortization of debt costs 1,313 1,477 1,082
Gain on exchange transactions   (10,170) (12,893)
Proceeds from Legacy Facilities Credit   1,320 30,647
Proceeds from Territory Conversion Fee     91,450
System Transformation transactions settlements     (6,996)
Gain on acquisition of Southeastern Container preferred shares in CCR redistribution     (6,012)
Change in current assets less current liabilities (exclusive of acquisitions) (31,681) (26,387) 259
Change in other noncurrent assets (exclusive of acquisitions) 15,201 4,347 (17,916)
Change in other noncurrent liabilities (exclusive of acquisitions) (7,203) (25,122) (1,100)
Other 148 19 78
Total adjustments 271,810 184,035 204,969
Net cash provided by operating activities 290,370 168,879 307,816
Cash Flows from Investing Activities:      
Additions to property, plant and equipment (exclusive of acquisitions) (171,374) (138,235) (176,601)
Other distribution agreements (4,654)    
Proceeds from the sale of property, plant and equipment 4,064 5,259 608
Investment in CONA Services LLC (1,713) (2,098) (3,615)
Net cash paid for exchange transactions   (13,116) (19,393)
Proceeds from cold drink equipment   3,789 8,400
Acquisition of distribution territories and manufacturing plants, net of cash acquired and purchase price settlements   456 (265,060)
Portion of Legacy Facilities Credit related to Mobile, Alabama facility     12,364
Net cash used in investing activities (173,677) (143,945) (458,895)
Cash Flows from Financing Activities:      
Payments on revolving credit facility (550,339) (483,000) (393,000)
Borrowing under revolving credit facility 515,339 356,000 448,000
Payments on term loan facility and senior notes (140,000) (7,500)  
Proceeds from issuance of senior notes 100,000 150,000 125,000
Payments of acquisition related contingent consideration (27,182) (24,683) (16,738)
Cash dividends paid (9,369) (9,353) (9,328)
Payments on financing or capital lease obligations (8,656) (8,221) (7,485)
Debt issuance fees (420) (1,531) (318)
Net cash provided by (used in) financing activities (120,627) (28,288) 146,131
Net decrease in cash (3,934) (3,354) (4,948)
Cash at beginning of year 13,548 16,902 21,850
Cash at end of year $ 9,614 $ 13,548 16,902
Glaceau Distribution Agreement [Member]      
Cash Flows from Investing Activities:      
Other distribution agreements     $ (15,598)