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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2018
Dec. 31, 2017
Dec. 25, 2016
Cash flows from operating activities:      
Net income $ 246,804 $ 718,167 $ 480,117
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 279,657 277,792 231,708
Asset impairment 3,504 5,156 790
Foreign currency transaction losses (gains) related to borrowing arrangements 5,267 (1,387) 0
Loss on early extinguishment of debt recognized as a component of interest expense 15,818 0 0
Amortization of bond premium (668) (180) 0
Accretion of bond discount 812 0 0
Gain on property disposals (1,889) (506) (8,914)
Loss (gain) on equity method investments (63) (59) 452
Share-based compensation 13,153 3,020 6,102
Deferred income tax expense (benefit) 32,540 (49,963) (5,034)
Changes in operating assets and liabilities:      
Trade accounts and other receivables (10,918) (82,169) (32,428)
Inventories 83,174 (207,399) (33,083)
Prepaid expenses and other current assets (11,612) (14,827) 19,270
Accounts payable and accrued expenses 86,834 (22,827) 75,893
Income taxes (248,470) 188,120 75,238
Long-term pension and other postretirement obligations (6,751) (10,864) (10,165)
Other 4,458 (753) (4,584)
Cash provided by operating activities 491,650 801,321 795,362
Cash flows from investing activities:      
Acquisitions of property, plant and equipment (348,666) (339,872) (340,960)
Proceeds from property disposals 9,775 4,475 13,375
Purchase of acquired business, net of cash acquired 0 (658,520) 0
Proceeds from settlement of life insurance contract 0 1,845 0
Cash used in investing activities (338,891) (992,072) (327,585)
Cash flows from financing activities:      
Payments on revolving line of credit, long-term borrowings and capital lease obligations (1,117,009) (628,677) (570,015)
Proceeds from revolving line of credit and long-term borrowings 748,382 1,871,818 593,015
Payment of capitalized loan costs (12,581) (13,631) (693)
Payment on early extinguishment of debt (9,781) 0 0
Proceeds from capital contribution under Tax Sharing Agreement between JBS USA Food Company Holdings and Pilgrim’s Pride Corporation 5,558 5,038 3,690
Capital contributions to subsidiary by noncontrolling stockholders 1,421 0 7,252
Purchase of common stock under share repurchase program (236) (14,641) (117,884)
Payment of note payable to affiliate 0 (753,512) 0
Payment of cash dividend 0 0 (714,785)
Payments on notes payable to bank 0 0 (65,564)
Proceeds from notes payable to bank 0 0 36,838
Purchase of common stock from retirement plan participants 0 0 (73)
Cash provided by (used in) financing activities (384,246) 466,395 (828,219)
Effect of exchange rate changes on cash and cash equivalents 3,534 16,364 (38,587)
Increase (decrease) in cash and cash equivalents (227,953) 292,008 (399,029)
Cash and cash equivalents, beginning of period 589,531 297,523 696,552
Cash and cash equivalents, end of period 361,578 589,531 297,523
Supplemental Disclosure Information:      
Interest paid (net of amount capitalized) 154,627 81,260 69,857
Income taxes paid $ 253,932 $ 122,956 $ 161,026