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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 182,068 $ 573,133
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 375,667 364,086
Loss/(gain) on sale of assets (101) 861
Change in fair value of contingent consideration (42,215) (13,058)
Gain on insurance proceeds from insurance settlements (6,585) (13,836)
Deferred taxes (119,991) (18,192)
Increase in long-term pension liability 1,494 809
Stock-based compensation expense 24,783 27,046
Deferred loan cost amortization 4,205 4,674
Equity in net income of Diamond Green Diesel and other unconsolidated subsidiaries (134,155) (365,193)
Distributions of earnings from Diamond Green Diesel and other unconsolidated subsidiaries 115,558 168,277
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable 225,923 25,731
Income taxes refundable/payable (16,525) (39,123)
Inventories and prepaid expenses 151,834 (22,694)
Accounts payable and accrued expenses (28,517) (39,570)
Other (48,551) 29,337
Net cash provided by operating activities 684,892 682,288
Cash flows from investing activities:    
Capital expenditures (259,133) (380,556)
Acquisitions, net of cash acquired (116,712) (1,093,183)
Investment in Diamond Green Diesel (90,000) (75,000)
Investment in other unconsolidated subsidiaries (27) (27)
Loan to Diamond Green Diesel (100,000) 0
Loan repayment from Diamond Green Diesel 100,000 25,000
Gross proceeds from disposal of property, plant and equipment and other assets 6,707 4,817
Proceeds from insurance settlement 6,585 13,836
Payments related to routes and other intangibles (13) (1,521)
Net cash used in investing activities (452,593) (1,506,634)
Cash flows from financing activities:    
Proceeds from long-term debt 5,583 812,348
Payments on long-term debt (38,959) (102,463)
Borrowings from revolving credit facility 1,332,617 1,972,953
Payments on revolving credit facility (1,526,825) (1,707,840)
Net cash overdraft financing 39,771 6,008
Acquisition hold-back payments (157) 0
Deferred loan costs 0 (9)
Issuance of common stock 437 0
Repurchase of common stock (29,192) (52,941)
Minimum withholding taxes paid on stock awards (7,827) (17,278)
Distributions to noncontrolling interests (8,696) (8,628)
Net cash provided/(used) in financing activities (233,248) 902,150
Effect of exchange rate changes on cash (2,561) 25,559
Net increase/(decrease) in cash, cash equivalents and restricted cash (3,510) 103,363
Cash, cash equivalents and restricted cash at beginning of period 264,450 150,168
Cash, cash equivalents and restricted cash at end of period $ 260,940 $ 253,531