XML 28 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 24, 2021
Apr. 25, 2020
Apr. 27, 2019
Operating activities:      
Net income (loss) $ 155,109 $ (589,367) $ 82,876
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Depreciation 41,669 44,981 44,371
Amortization 37,227 37,201 38,402
Investment gain 0 (34,334) 0
Goodwill impairment 0 675,055 0
Bad debt expense 2,559 2,008 7,333
Non-cash employee compensation 30,488 37,354 33,425
Accelerated amortization of debt issuance costs on early retirement of debt 0 8,984 0
Deferred income taxes (10,760) (31,800) 10,762
Non-cash losses (gains) and other, net 1,318 0 0
Change in assets and liabilities:      
Receivables (916,694) (540,065) (205,715)
Inventory 91,193 (59,258) 11,547
Accounts payable (268,338) 219,613 44,189
Accrued liabilities 85,849 25,474 512
Long term receivables (5,801) (7,156) (4,373)
Other changes from operating activities, net 25,662 (32,234) (15,171)
Net cash (used in) provided by operating activities (730,519) (243,544) 48,158
Investing activities:      
Additions to property and equipment (25,788) (41,809) (60,734)
Collection of deferred purchase price receivables 833,958 540,944 402,367
Other investing activities 2,493 0 (906)
Net cash provided by investing activities 810,663 499,135 340,727
Financing activities:      
Dividends paid (75,183) (100,442) (99,468)
Proceeds from issuance of long-term debt 0 300,000 0
Debt issuance costs 0 (3,300) 0
Payments on long-term debt 0 (460,840) (249,542)
Draw on (payments on) revolving credit 53,000 0 (16,000)
Other financing activities (462) (6,647) 9,764
Net cash used in financing activities (22,645) (271,229) (355,246)
Effect of exchange rate changes on cash 7,801 (2,064) (977)
Net change in cash and cash equivalents 65,300 (17,702) 32,662
Cash and cash equivalents at beginning of period 77,944 95,646 62,984
Cash and cash equivalents at end of period 143,244 77,944 95,646
Supplemental disclosures:      
Income taxes paid 48,924 12,021 17,530
Interest paid 15,234 25,742 31,045
Supplemental disclosure of non-cash investing activity:      
Retained interest in securitization transactions $ 900,578 $ 707,395 $ 430,858