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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Dec. 25, 2022
Cash flows from operating activities      
Net income $ 1,087,223 $ 322,317 $ 746,538
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 433,622 419,900 403,110
Asset impairment 28,575 4,010 3,559
Stock-based compensation 14,873 7,226 6,985
Loss (gain) on early extinguishment of debt recognized as a component of interest expense (11,211) 20,694 0
Loan cost amortization 5,033 7,366 4,753
Deferred income tax expense 4,830 6,675 21,295
Accretion of bond discount 2,506 2,278 1,717
Loss (gain) on property disposals 1,779 (6,052) (18,908)
Loss (gain) on equity method investments (7) 328 (2)
Changes in operating assets and liabilities      
Trade accounts and other receivables 88,340 (19,007) (149,599)
Inventories 134,521 12,602 (472,224)
Prepaid expenses and other current assets (33,303) 17,776 18,264
Accounts payable, accrued expenses and other current liabilities 126,672 (68,677) 263,288
Income taxes 109,369 (8,878) (142,455)
Long-term pension and other postretirement obligations 26,052 (9,993) (4,128)
Other operating assets and liabilities (28,747) (30,688) (12,330)
Cash provided by operating activities 1,990,127 677,877 669,863
Cash flows from investing activities      
Acquisitions of property, plant and equipment (476,153) (543,816) (487,110)
Proceeds from property disposals 15,356 19,784 35,516
Proceeds from property insurance recoveries 0 20,681 16,034
Purchase of acquired businesses, net of cash acquired 0 0 (9,692)
Cash used in investing activities (460,797) (503,351) (445,252)
Cash flows from financing activities      
Payments on revolving line of credit, long-term borrowings and finance lease obligations (152,120) (1,616,321) (388,299)
Proceeds from revolving line of credit and long-term borrowings 0 1,768,236 362,540
Proceeds from contribution (payment of distribution) of capital under Tax Sharing Agreement between JBS USA Holdings and Pilgrim’s Pride Corporation 1,425 (1,592) (1,961)
Payment on early extinguishment of debt (200) (13,780) 0
Payment of capitalized loan costs (16) (19,816) (4,741)
Purchase of common stock under share repurchase program 0 0 (199,553)
Cash provided by (used in) financing activities (150,911) 116,727 (232,014)
Effect of exchange rate changes on cash and cash equivalents (66,484) 5,211 (7,959)
Increase (decrease) in cash and cash equivalents 1,311,935 296,464 (15,362)
Cash and cash equivalents, restricted cash and restricted cash equivalents, beginning of year 731,223 434,759 450,121
Cash and cash equivalents, restricted cash and restricted cash equivalents, end of year 2,043,158 731,223 434,759
Supplemental Disclosure Information      
Interest paid (net of amount capitalized) 182,040 131,205 156,292
Income taxes paid $ 197,557 $ 19,749 $ 385,585