XML 20 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Cash flows from operating activities:    
Net income $ 153,418,000 $ 86,091,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 78,534,000 84,671,000
Loss (gain) on disposal of property, plant, equipment and other assets (64,000) 61,000
Asset impairment 138,000 0
Deferred taxes 11,809,000 6,377,000
Decrease in long-term pension liability (448,000) (264,000)
Stock-based compensation expense 8,415,000 10,818,000
Write-off deferred loan costs 598,000 0
Deferred loan cost amortization 1,040,000 1,416,000
Equity in net income of Diamond Green Diesel and other unconsolidated subsidiaries (102,837,000) (98,689,000)
Distributions of earnings from other unconsolidated subsidiaries 57,000 0
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable 10,721,000 487,000
Income taxes refundable/payable (760,000) 348,000
Inventories and prepaid expenses (27,188,000) (24,999,000)
Accounts payable and accrued expenses (13,462,000) (16,790,000)
Other 18,834,000 (14,981,000)
Net cash provided by operating activities 138,805,000 34,546,000
Cash flows from investing activities:    
Payments To Acquire Capital Assets (60,751,000) (61,599,000)
Acquisitions, net of cash acquired (340,000) 0
Investment in unconsolidated subsidiary (4,449,000) 0
Gross proceeds from disposal of property, plant and equipment and other assets 1,629,000 379,000
Payments to Acquire Intangible Assets (347,000) (3,416,000)
Net cash used by investing activities (64,258,000) (64,636,000)
Cash flows from financing activities:    
Proceeds from long-term debt 9,262,000 8,264,000
Repayments of Senior Debt (60,444,000) (8,638,000)
Borrowings from revolving credit facility 111,000,000 219,933,000
Payments on revolving credit facility (97,000,000) (100,782,000)
Net cash overdraft financing 499,000 (9,594,000)
Issuance of common stock 50,000 67,000
Repurchase of common stock 0 (55,044,000)
Minimum withholding taxes paid on stock awards (42,268,000) (4,328,000)
Payments to Noncontrolling Interests 0 (8,784,000)
Payments of Ordinary Dividends, Noncontrolling Interest (2,143,000) (688,000)
Net cash provided (used) by financing activities (81,044,000) 40,406,000
Effect of exchange rate changes on cash (3,847,000) (6,916,000)
Net increase (decrease) in cash, cash equivalents and restricted cash (10,344,000) 3,400,000
Cash, cash equivalents and restricted cash at beginning of period 81,720,000 73,045,000
Cash, cash equivalents and restricted cash at end of period 71,376,000 76,445,000
Supplemental disclosure of cash flow information:    
Accrued capital expenditures (9,678,000) (1,630,000)
Cash paid during the period for:    
Interest, net of capitalized interest 2,774,000 5,863,000
Income taxes, net of refunds 15,578,000 11,453,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 12,404,000 9,121,000
Debt issued for assets $ 0 $ 21,000