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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities:    
Net income $ 152,586 $ 50,684
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 167,981 158,650
Loss (gain) on disposal of property, plant, equipment and other assets 88 (18,176)
Gain on insurance proceeds from insurance settlements 0 (845)
Deferred taxes 13,998 (3,137)
Increase (decrease) in long-term pension liability (890) 1,010
Stock-based compensation expense 15,566 14,182
Write-off deferred loan costs 0 4,547
Deferred loan cost amortization 2,835 3,010
Equity in net income of Diamond Green Diesel and other unconsolidated subsidiaries (162,873) (61,948)
Distributions of earnings from Diamond Green Diesel and other unconsolidated subsidiaries 125,891 17,755
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable 26,077 27,218
Income taxes refundable/payable 6,119 7,140
Inventories and prepaid expenses (35,413) (17,374)
Accounts payable and accrued expenses (33,375) (29,849)
Other (14,941) 1,437
Net cash provided by operating activities 263,649 154,304
Cash flows from investing activities:    
Capital expenditures (123,204) (167,871)
Acquisitions, net of cash acquired 0 (1,431)
Investment in unconsolidated subsidiary 0 (1,000)
Gross proceeds from disposal of property, plant and equipment and other assets 1,053 9,814
Proceeds from insurance settlement 0 845
Payments related to routes and other intangibles (3,712) (3,150)
Net cash used by investing activities (125,863) (162,793)
Cash flows from financing activities:    
Proceeds from long-term debt 16,164 507,722
Payments on long-term debt (18,239) (526,230)
Borrowings from revolving credit facility 375,971 273,485
Payments on revolving credit facility (405,800) (266,884)
Net cash overdraft financing (26,461) 11,178
Deferred loan costs 0 (7,003)
Issuance of common stock 67 12
Repurchase of common stock (55,044) 0
Minimum withholding taxes paid on stock awards (4,863) (3,193)
Payments to Noncontrolling Interests (8,784) 0
Distributions to noncontrolling interests (987) 0
Net cash used by financing activities (127,976) (10,913)
Effect of exchange rate changes on cash (6,567) (853)
Net increase (decrease) in cash, cash equivalents and restricted cash 3,243 (20,255)
Cash, cash equivalents and restricted cash at beginning of period 73,045 107,369
Cash, cash equivalents and restricted cash at end of period 76,288 87,114
Supplemental disclosure of cash flow information:    
Accrued capital expenditures 23 (7,542)
Cash paid during the period for:    
Interest, net of capitalized interest 35,070 45,196
Income taxes, net of refunds 18,030 12,607
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 28,801 7,492
Debt issued for assets $ 21 $ 0