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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Cash flows from operating activities:    
Net income $ 995,413 $ 851,451
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 334,448 321,768
Deferred income tax expense (benefit) (34,042) 45,220
Stock-based compensation 19,575 9,205
Loan cost amortization 3,718 3,798
Loss on property disposals 2,855 1,104
Accretion of discount related to Senior Notes 1,796 1,898
Asset impairment 844 26,633
Loss (gain) on early extinguishment of debt recognized as a component of interest expense 573 (11,211)
Gain on equity-method investments 0 (6)
Changes in operating assets and liabilities:    
Trade accounts and other receivables (84,675) 62,646
Inventories (138,932) 172,990
Prepaid expenses and other current assets (34,558) (65,555)
Accounts payable, accrued expenses and other current liabilities (42,442) 79,672
Income taxes 95,827 151,902
Long-term pension and other postretirement obligations (245) 13,135
Other operating assets and liabilities (39,715) (23,858)
Cash provided by operating activities 1,080,440 1,640,792
Cash flows from investing activities:    
Acquisitions of property, plant and equipment (441,146) (316,949)
Proceeds from property disposals 4,143 9,724
Cash used in investing activities (437,003) (307,225)
Cash flows from financing activities:    
Payments for dividend (1,994,347) 0
Payments on revolving line of credit, long-term borrowings and finance lease obligations (114,772) (151,671)
Payment on early extinguishment of debt (2,120) (200)
Purchase of noncontrolling interest (1,294) 0
Proceeds from contribution of capital under Tax Sharing Agreement between JBS USA Holdings and Pilgrim’s Pride Corporation 0 1,425
Payments of capitalized loan costs 0 (16)
Cash used in financing activities (2,112,533) (150,462)
Effect of exchange rate changes on cash and cash equivalents 41,281 (29,916)
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents (1,427,815) 1,153,189
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period 2,043,158 731,223
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period $ 615,343 $ 1,884,412