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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2022
Dec. 26, 2021
Dec. 27, 2020
Cash flows from operating activities      
Net income $ 746,538 $ 31,268 $ 95,070
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 403,110 380,824 337,104
Deferred income tax expense (benefit) 21,295 (86,391) 37,337
Gain on property disposals (18,908) (1,476) (13,766)
Stock-based compensation activity 6,985 11,655 (276)
Loan cost amortization 4,753 5,095 4,848
Asset impairment 3,559 0 0
Accretion of bond discount 1,717 1,533 982
Loss (gain) on equity method investments (2) (16) 291
Loss on early extinguishment of debt recognized as a component of interest expense 0 24,654 0
Amortization of bond premium 0 (167) (668)
Gain on bargain purchase 0 0 3,746
Noncash gain on subsidiary dissolution 0 0 115
Changes in operating assets and liabilities      
Trade accounts and other receivables (149,599) (259,377) 29,154
Inventories (472,224) (177,864) 26,041
Prepaid expenses and other current assets 18,264 (53,797) (50,347)
Accounts payable and accrued expenses 263,288 359,589 295,327
Income taxes (142,455) 115,216 (39,436)
Long-term pension and other postretirement obligations (4,128) (18,461) (7,883)
Other operating assets and liabilities (12,330) (5,826) 6,608
Cash provided by operating activities 669,863 326,459 724,247
Cash flows from investing activities      
Acquisitions of property, plant and equipment (487,110) (381,671) (354,762)
Proceeds from property disposals 35,516 24,724 31,976
Proceeds from insurance recoveries 16,034 0 0
Purchase of acquired businesses, net of cash acquired (9,692) (966,766) (4,216)
Cash used in investing activities (445,252) (1,323,713) (327,002)
Cash flows from financing activities      
Payments on revolving line of credit, long-term borrowings and finance lease obligations (388,299) (2,006,195) (430,988)
Proceeds from revolving line of credit and long-term borrowings 362,540 2,951,707 404,522
Purchase of common stock under share repurchase program (199,553) 0 (110,242)
Payment of capitalized loan costs (4,741) (22,293) 0
Distribution of capital under the TSA (1,961) (650) 0
Payment on early extinguishment of debt 0 (21,258) 0
Cash provided by (used in) financing activities (232,014) 901,311 (136,708)
Effect of exchange rate changes on cash and cash equivalents (7,959) (2,342) 7,292
Increase (decrease) in cash and cash equivalents (15,362) (98,285) 267,829
Cash and cash equivalents, restricted cash and restricted cash equivalents, beginning of year 450,121 548,406 280,577
Cash and cash equivalents, restricted cash and restricted cash equivalents, end of year 434,759 450,121 548,406
Supplemental Disclosure Information      
Interest paid (net of amount capitalized) 156,292 119,328 130,641
Income taxes paid $ 385,585 $ 20,863 $ 51,710