XML 34 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 27, 2009
Dec. 25, 2011
Dec. 26, 2010
Sep. 26, 2009
Cash flows from operating activities:        
Net income (loss) $ 33,925 $ (495,690) $ 90,326 $ (151,664)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:        
Depreciation and amortization 56,705 209,061 231,045 236,005
Asset impairment 0 22,895 26,484 5,409
Foreign currency transaction losses (gains) (754) 9,980 (1,111) (5,102)
Loss on early extinguishment of debt 0 0 11,726 0
Noncash loss on early extinguishment of debt recognized as a reorganization item 0 0 13,654 0
Accretion of bond discount 0 453 38 0
Loss (gain) on property disposals (1,377) (4,271) (401) (26,353)
Share-based compensation 1,790 567 0 0
Deferred income tax benefit (112,392) (7,097) (69,260) (21,478)
Changes in operating assets and liabilities:        
Restricted cash and cash equivalents 0 53,273 (55,881) (10,072)
Trade accounts and other receivables 6,577 (63,987) (9,045) (173,915)
Inventories 26,006 122,827 (285,839) 284,678
Prepaid expenses and other current assets 9,897 27,068 (45,315) 24,036
Accounts payable, accrued expenses and other current liabilities 16,540 (7,274) (91,119) (101,255)
Income taxes 10,909 4,683 145,056 (2,269)
Deposits (49,635) 2,174 56,552 0
Other operating assets and liabilities (2,248) (3,653) (2,305) 6,914
Cash provided by (used in) operating activities (4,057) (128,991) 14,605 64,934
Cash flows from investing activities:        
Acquisitions of property, plant and equipment (30,463) (135,968) (179,332) (88,193)
Purchases of investment securities (6,024) (4,596) (17,201) (19,958)
Proceeds from sale or maturity of investment securities 4,511 15,852 68,100 18,946
Proceeds from business dispositions to Swift Pork Company, a subsidiary of JBS USA, LLC 0 13,000 0 0
Proceeds from business dispositions to JBS Trading International, Inc., a subsidiary of JBS USA, LLC 0 24,479 0 0
Proceeds from property disposals 3,522 29,044 14,698 85,736
Cash used in investing activities (28,454) (58,189) (113,735) (3,469)
Cash flows from financing activities:        
Proceeds from short-term notes payable 0 0 0 430,817
Payments on short-term notes payable 0 0 0 (430,817)
Proceeds from notes payable to JBS USA 0 50,000 0 0
Proceeds from revolving line of credit and long-term borrowings 60,370 965,689 2,438,855 833,424
Payments on revolving line of credit, long-term borrowings and capital lease obligations (10,144) (881,833) (3,197,399) (719,762)
Proceeds from sale of common stock 0 0 800,000 0
Change in outstanding cash management obligations 0 0 0 (11,172)
Purchase of remaining interest in subsidiary 0 (2,504) (7,637) 0
Payment of capitalized loan costs 0 (4,395) (62,788) 0
Other financing activities (1,976) (107) (511) (1,337)
Cash provided by (used in) financing activities 48,250 126,850 (29,480) 101,153
Effect of exchange rate changes on cash and cash equivalents 532 (4,138) (1,613) (4,142)
Decrease in cash and cash equivalents 16,271 (64,468) (130,223) 158,476
Cash and cash equivalents, beginning of period 220,029 106,077 236,300 61,553
Cash and cash equivalents, end of period 236,300 41,609 106,077 220,029
Interest paid (net of amount capitalized) 16,298 104,430 66,044 79,689
Income taxes paid (received) $ (86) $ 3,957 $ (115,974) $ 11,228