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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Cash flows from operating activities:      
Net income $ 562,354 $ 532,357 $ 422,599
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 195,978 177,351 165,834
Gain on disposition of property and equipment (297) (567) 460
Share-based compensation expense 31,136 28,921 29,202
Deferred income taxes 6,760 11,887 26,724
Change in assets and liabilities      
Inventories (13,239) (136,334) (83,552)
Prepaid expenses and other current assets 13,582 (26,195) 2,305
Accounts payable 23,055 43,413 57,046
Accrued employee compensation (14,291) 22,373 6,427
Other accrued expenses 10,351 36,406 (10,338)
Income taxes 8,327 (8,355) 4,210
Other (12,000) 13,137 10,533
Net cash provided by operating activities 811,716 694,394 631,450
Cash flows from investing activities:      
Capital expenditures (217,450) (278,530) (250,401)
Proceeds from sale of property and equipment 2,489 2,216 11,220
Acquisition of Petsense, net of cash acquired 0 0 1,225
Net cash used in investing activities (214,961) (276,314) (237,956)
Cash flows from financing activities:      
Borrowings under debt facilities 1,002,000 1,193,500 1,180,000
Repayments under debt facilities (1,013,250) (1,212,250) (1,027,500)
Debt issuance costs 0 (346) (599)
Principal payments under finance lease liabilities (3,708) (3,246) (2,446)
Repurchase of shares to satisfy tax obligations (3,818) (1,367) (816)
Repurchase of common stock (533,319) (349,776) (369,403)
Net proceeds from issuance of common stock 115,981 79,643 16,330
Cash dividends paid to stockholders (162,699) (147,087) (133,828)
Net cash used in financing activities (598,813) (440,929) (338,262)
Net change in cash and cash equivalents (2,058) (22,849) 55,232
Cash and cash equivalents at beginning of year 86,299 109,148 53,916
Cash and cash equivalents at end of year 84,241 86,299 109,148
Cash paid during the year for:      
Income taxes 144,377 146,918 219,081
Supplemental disclosures of non-cash activities [Abstract]      
Non-cash accruals for construction in progress 7,924 3,001 8,647
Interest Paid, Excluding Capitalized Interest, Operating Activities 19,146 18,069 10,481
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification 2,084,880 0 0
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 365,233 0 0
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability $ 5,217 $ 0 $ 11,395