XML 17 R8.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 29, 2022
May 30, 2021
Cash Flows from Operating Activities:    
Net income $ 245,585 $ 207,223
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77,740 69,926
Property, plant, equipment, right-of-use asset, and goodwill impairments 54,733 5,147
Loss on early extinguishment of debt 0 30,338
Stock-based compensation 30,743 30,102
Provision for (benefit from) deferred income taxes 17,435 (46,857)
Other, net 9,847 9,392
Net change in operating assets and liabilities (290,201) (57,253)
Net cash provided by operating activities 145,882 248,018
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (120,507) (67,501)
Payments on settlement of forward foreign exchange contracts not designated for hedge accounting (9,089) (4,349)
Payments to acquire short-term investments (44,589) (55,124)
Proceeds from sale, maturity and collection of short-term investments 39,027 56,530
Net cash used for investing activities (135,158) (70,444)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt, net of issuance costs 0 489,554
Repayments of long-term debt including debt extinguishment costs 0 (820,000)
Other short-term borrowings, net 213 (8,502)
Repurchase of common stock (114,232) 0
Tax withholdings on equity awards (27,161) (76,360)
Dividend to stockholders (79,532) (40,097)
Other financing activities, net 3,563 2,267
Net cash used for financing activities (217,149) (453,138)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (1,939) 2,500
Net decrease in cash and cash equivalents and restricted cash (208,364) (273,064)
Beginning cash and cash equivalents, and restricted cash 810,580 1,497,648
Ending cash and cash equivalents, and restricted cash 602,216 1,224,584
Less: Ending restricted cash (346) (504)
Ending cash and cash equivalents 601,870 1,224,080
Noncash Investing and Financing Activity:    
Property, plant and equipment acquired and not yet paid at end of period 47,211 29,579
Supplemental disclosure of cash flow information:    
Cash paid for interest during the period 18,947 29,926
Cash paid for income taxes during the period, net of refunds $ 56,776 $ 30,750