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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 25, 2016
Dec. 27, 2015
Cash flows from operating activities:      
Net income $ 718,167 $ 480,117 $ 662,972
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 277,792 231,708 173,817
Asset impairment 5,156 790 4,813
Foreign currency transaction gains related to borrowing arrangements (1,387) 0 0
Amortization of bond premium (180) 0 0
Gain on property disposals (506) (8,914) (10,372)
Loss (gain) on equity method investments (59) 452 0
Share-based compensation 3,020 6,102 2,975
Deferred income tax expense (benefit) (49,963) (5,034) 19,872
Changes in operating assets and liabilities:      
Trade accounts and other receivables (82,169) (32,428) 76,130
Inventories (207,399) (33,083) 83,595
Prepaid expenses and other current assets (14,827) 19,270 23,578
Accounts payable and accrued expenses (22,827) 75,893 36,314
Income taxes 188,120 75,238 (55,324)
Long-term pension and other postretirement obligations (10,864) (10,165) (3,500)
Other (753) (4,584) 5,510
Cash provided by operating activities 801,321 795,362 1,020,380
Cash flows from investing activities:      
Acquisitions of property, plant and equipment (339,872) (340,960) (190,262)
Purchase of acquired business, net of cash acquired (658,520) 0 (373,532)
Proceeds from property disposals 4,475 13,375 14,610
Proceeds from settlement of life insurance contract 1,845 0 0
Cash used in investing activities (992,072) (327,585) (549,184)
Cash flows from financing activities:      
Proceeds from notes payable to bank 0 36,838 28,726
Payments on notes payable to bank 0 (65,564) 0
Payment of note payable to affiliate (753,512) 0 0
Proceeds from revolving line of credit and long-term borrowings 1,871,818 593,015 1,680,000
Payments on revolving line of credit, long-term borrowings and capital lease obligations (628,677) (570,015) (690,138)
Proceeds from capital contribution under Tax Sharing Agreement between JBS USA Food Company Holdings and Pilgrim’s Pride Corporation 5,038 3,690 0
Tax benefit related to share-based compensation 0 0 6,474
Capital contributions to subsidiary by noncontrolling stockholders 0 7,252 0
Payment of capitalized loan costs (13,631) (693) (12,364)
Purchase of common stock under share repurchase program (14,641) (117,884) (99,233)
Purchase of common stock from retirement plan participants 0 (73) 0
Payment of cash dividend 0 (714,785) (1,498,470)
Cash provided by (used in) financing activities 466,395 (828,219) (585,005)
Effect of exchange rate changes on cash and cash equivalents 16,364 (38,587) (4,264)
Increase (decrease) in cash and cash equivalents 292,008 (399,029) (118,073)
Cash and cash equivalents, beginning of period 297,523 696,552 814,625
Cash and cash equivalents, end of period 589,531 297,523 696,552
Supplemental Disclosure Information:      
Interest paid (net of amount capitalized) 81,260 69,857 42,968
Income taxes paid $ 122,956 $ 161,026 $ 361,183