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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net income $ 254,191,000 $ 77,521,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 253,711,000 239,057,000
Loss (gain) on disposal of property, plant, equipment and other assets 210,000 (20,845,000)
Gain on insurance proceeds from insurance settlements 0 (1,371,000)
Deferred taxes 13,362,000 (4,765,000)
Increase (decrease) in long-term pension liability (7,960,000) 1,122,000
Stock-based compensation expense 19,202,000 18,543,000
Write-off deferred loan costs 2,419,000 4,721,000
Deferred loan cost amortization 4,242,000 4,435,000
Equity in net income of Diamond Green Diesel and other unconsolidated subsidiaries (254,878,000) (93,303,000)
Distributions of earnings from Diamond Green Diesel and other unconsolidated subsidiaries 207,165,000 57,118,000
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable 36,083,000 20,388,000
Income taxes refundable/payable 8,282,000 8,058,000
Inventories and prepaid expenses (43,980,000) (34,371,000)
Accounts payable and accrued expenses (10,832,000) (19,799,000)
Other (10,804,000) 6,173,000
Net cash provided by operating activities 470,413,000 262,682,000
Cash flows from investing activities:    
Capital expenditures (184,919,000) (245,092,000)
Acquisitions, net of cash acquired 0 (1,431,000)
Investment in unconsolidated subsidiary 0 (2,000,000)
Gross proceeds from disposal of property, plant and equipment and other assets 1,291,000 15,402,000
Proceeds from insurance settlement 0 1,371,000
Payments related to routes and other intangibles (3,712,000) (3,150,000)
Net cash used in investing activities (187,340,000) (234,900,000)
Cash flows from financing activities:    
Proceeds from long-term debt 24,085,000 511,985,000
Payments on long-term debt (171,640,000) (566,107,000)
Borrowings from revolving credit facility 390,971,000 325,485,000
Payments on revolving credit facility (415,800,000) (332,884,000)
Net cash overdraft financing (33,385,000) 27,858,000
Deferred loan costs (3,688,000) (7,027,000)
Issuance of common stock 67,000 39,000
Repurchase of common stock (55,044,000) (11,740,000)
Minimum withholding taxes paid on stock awards (7,980,000) (3,247,000)
Payments to Noncontrolling Interests (8,784,000) 0
Distributions to noncontrolling interests (6,253,000) (4,500,000)
Net cash used in financing activities (287,451,000) (60,138,000)
Effect of exchange rate changes on cash (2,712,000) (5,732,000)
Net decrease in cash, cash equivalents and restricted cash (7,090,000) (38,088,000)
Cash, cash equivalents and restricted cash at beginning of period 73,045,000 107,369,000
Cash, cash equivalents and restricted cash at end of period 65,955,000 69,281,000
Supplemental disclosure of cash flow information:    
Accrued capital expenditures (2,202,000) 3,978,000
Cash paid during the period for:    
Interest, net of capitalized interest 39,481,000 49,727,000
Income taxes, net of refunds 24,868,000 21,475,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 44,479,000 16,425,000
Debt issued for assets $ 21,000 $ 0