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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Net income $ 351,487 $ 152,586
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 157,756 167,981
Loss (gain) on disposal of property, plant, equipment and other assets (292) 88
Asset impairment 138 0
Deferred taxes 49,572 13,998
Decrease in long-term pension liability (622) (890)
Stock-based compensation expense 14,011 15,566
Write-off deferred loan costs 598 0
Deferred loan cost amortization 2,047 2,835
Equity in net income of Diamond Green Diesel and other unconsolidated subsidiaries (230,565) (162,873)
Distributions of earnings from Diamond Green Diesel and other unconsolidated subsidiaries 2,497 125,891
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable (34,911) 26,077
Income taxes refundable/payable 9,116 6,119
Inventories and prepaid expenses (39,992) (35,413)
Accounts payable and accrued expenses 2,770 (33,375)
Other 14,327 (14,941)
Net cash provided by operating activities 297,937 263,649
Cash flows from investing activities:    
Payments To Acquire Capital Assets (126,094) (123,204)
Acquisitions, net of cash acquired (2,059) 0
Investment in unconsolidated subsidiary (4,449) 0
Gross proceeds from disposal of property, plant and equipment and other assets 3,064 1,053
Payments to Acquire Intangible Assets (347) (3,712)
Net cash used by investing activities (129,885) (125,863)
Cash flows from financing activities:    
Proceeds from long-term debt 20,679 16,164
Repayments of Senior Debt (73,393) (18,239)
Borrowings from revolving credit facility 207,000 375,971
Payments on revolving credit facility (220,000) (405,800)
Net cash overdraft financing 16,487 (26,461)
Issuance of common stock 50 67
Repurchase of common stock (75,663) (55,044)
Minimum withholding taxes paid on stock awards (43,853) (4,863)
Payments to Noncontrolling Interests 0 (8,784)
Payments of Ordinary Dividends, Noncontrolling Interest (2,164) (987)
Net cash used by financing activities (170,857) (127,976)
Effect of exchange rate changes on cash (997) (6,567)
Net increase (decrease) in cash, cash equivalents and restricted cash (3,802) 3,243
Cash, cash equivalents and restricted cash at beginning of period 81,720 73,045
Cash, cash equivalents and restricted cash at end of period 77,918 76,288
Supplemental disclosure of cash flow information:    
Accrued capital expenditures 1,101 23
Cash paid during the period for:    
Interest, net of capitalized interest 29,928 35,070
Income taxes, net of refunds 25,270 18,030
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 44,218 28,801
Debt issued for assets $ 60 $ 21