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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Dec. 30, 2018
Cash flows from operating activities:      
Net income $ 95,070 $ 456,536 $ 246,804
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 337,104 287,230 274,088
Deferred income tax expense 37,337 42,478 32,540
Gain on property disposals (13,766) (10,896) (1,889)
Loan cost amortization 4,848 4,821 5,569
Gain on bargain purchase 3,746 (56,880) 0
Accretion of bond discount 982 982 812
Amortization of bond premium (668) (668) (668)
Loss (gain) on equity method investments 291 (63) (63)
Stock-based compensation (276) 10,132 13,153
Noncash loss on subsidiary dissolution 115 0 0
Foreign currency transaction losses (gains) related to borrowing arrangements 0 (4,970) 5,267
Loss on early extinguishment of debt recognized as a component of interest expense 0 0 15,818
Asset impairment 0 0 3,504
Changes in operating assets and liabilities:      
Trade accounts and other receivables 29,154 (25,000) (10,918)
Inventories 26,041 (111,748) 83,174
Prepaid expenses and other current assets (50,347) (15,490) (11,612)
Accounts payable and accrued expenses 295,327 119,892 86,834
Income taxes (39,436) (26,378) (248,470)
Long-term pension and other postretirement obligations (7,883) (9,221) (6,751)
Other operating assets and liabilities 6,608 5,764 4,458
Cash provided by operating activities 724,247 666,521 491,650
Cash flows from investing activities:      
Acquisitions of property, plant and equipment (354,762) (348,120) (348,666)
Proceeds from property disposals 31,976 15,753 9,775
Purchase of acquired business, net of cash acquired (4,216) (384,694) 0
Cash used in investing activities (327,002) (717,061) (338,891)
Cash flows from financing activities:      
Payments on revolving line of credit, long-term borrowings and finance lease obligations (430,988) (289,917) (1,117,009)
Proceeds from revolving line of credit and long-term borrowings 404,522 259,466 748,382
Purchase of common stock under stock repurchase program (110,242) (2,898) (236)
Payment of capitalized loan costs 0 (652) (12,581)
Proceeds (distribution) from capital contribution under the TSA 0 (525) 5,558
Payment on early extinguishment of debt 0 0 (9,781)
Capital contributions to subsidiary by noncontrolling stockholders 0 0 1,421
Cash used in financing activities (136,708) (34,526) (384,246)
Effect of exchange rate changes on cash and cash equivalents 7,292 4,065 3,534
Increase (decrease) in cash and cash equivalents 267,829 (81,001) (227,953)
Cash and cash equivalents, beginning of year 280,577 361,578 589,531
Cash and cash equivalents, end of year 548,406 280,577 361,578
Supplemental Disclosure Information:      
Interest paid (net of amount capitalized) 130,641 130,882 154,627
Income taxes paid $ 51,710 $ 125,856 $ 253,932