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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 26, 2021
Dec. 27, 2020
Dec. 29, 2019
Cash flows from operating activities:      
Net income $ 31,268 $ 95,070 $ 456,536
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 380,824 337,104 287,230
Deferred income tax expense (benefit) (86,391) 37,337 42,478
Loss on early extinguishment of debt recognized as a component of interest expense 24,654 0 0
Stock-based compensation activity 11,655 (276) 10,132
Loan cost amortization 5,095 4,848 4,821
Accretion of bond discount 1,533 982 982
Gain on property disposals (1,476) (13,766) (10,896)
Amortization of bond premium (167) (668) (668)
Loss (gain) on equity method investments (16) 291 (63)
Gain on bargain purchase 0 3,746 (56,880)
Noncash loss on subsidiary dissolution 0 115 0
Foreign currency transaction losses (gains) related to borrowing arrangements 0 0 (4,970)
Changes in operating assets and liabilities:      
Trade accounts and other receivables (259,377) 29,154 (25,000)
Inventories (177,864) 26,041 (111,748)
Prepaid expenses and other current assets (53,797) (50,347) (15,490)
Accounts payable and accrued expenses 359,589 295,327 119,892
Income taxes 115,216 (39,436) (26,378)
Long-term pension and other postretirement obligations (18,461) (7,883) (9,221)
Other operating assets and liabilities (5,826) 6,608 5,764
Cash provided by operating activities 326,459 724,247 666,521
Cash flows from investing activities:      
Purchase of acquired businesses, net of cash acquired (966,766) (4,216) (384,694)
Acquisitions of property, plant and equipment (381,671) (354,762) (348,120)
Proceeds from property disposals 24,724 31,976 15,753
Cash used in investing activities (1,323,713) (327,002) (717,061)
Cash flows from financing activities:      
Proceeds from revolving line of credit and long-term borrowings 2,951,707 404,522 259,466
Payments on revolving line of credit, long-term borrowings and finance lease obligations (2,006,195) (430,988) (289,917)
Payment of capitalized loan costs (22,293) 0 (652)
Payment on early extinguishment of debt (21,258) 0 0
Distribution of capital under the TSA (650) 0 (525)
Purchase of common stock under stock repurchase program 0 (110,242) (2,898)
Cash provided by (used in) financing activities 901,311 (136,708) (34,526)
Effect of exchange rate changes on cash and cash equivalents (2,342) 7,292 4,065
Increase (decrease) in cash and cash equivalents (98,285) 267,829 (81,001)
Cash and cash equivalents, beginning of year 548,406 280,577 361,578
Cash and cash equivalents, end of year 450,121 548,406 280,577
Supplemental Disclosure Information:      
Interest paid (net of amount capitalized) 119,328 130,641 130,882
Income taxes paid $ 20,863 $ 51,710 $ 125,856