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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 27, 2022
Aug. 28, 2021
Aug. 29, 2020
Operating Activities      
Net income $ 390,636 $ 281,871 $ 61,442
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 24,238 18,201 15,997
Amortization 29,419 14,361 22,104
Non-cash interest expense, net 15,074 13,928 10,727
Amortization of debt issuance costs 2,477 2,465 7,379
Last in, first-out expense 8,445 3,131 (5,188)
Stock-based compensation 17,085 15,347 6,475
Deferred income taxes (6,651) (2,190) (879)
Deferred compensation expense 524 1,087 1,070
Contingent consideration fair value adjustment 29,382 0 0
Other, net 1,850 (4,665) 1,335
Change in operating assets and liabilities, net of assets and liabilities acquired      
Receivables, net 1,876 (33,034) (25,773)
Inventories, net (171,292) (161,663) 105,994
Prepaid expenses and other assets 1,210 (6,560) (358)
Accounts payable 27,164 51,478 37,041
Income taxes and unrecognized tax benefits (7,421) (3,721) 11,422
Accrued expenses and other liabilities 36,606 47,243 21,646
Net cash provided by operating activities 400,622 237,279 270,434
Investing activities      
Purchases of property, plant, and equipment (87,969) (44,891) (32,377)
Acquisition of business, net of cash acquired (228,159) 0 (260,965)
Proceeds from the sale of property, plant, and equipment 178 12,452 0
Other, net 280 (570) 266
Net cash used in investing activities (315,670) (33,009) (293,076)
Financing activities      
Borrowings on long-term debt 4,735,580 3,627,627 2,786,824
Repayments on long-term debt (4,735,580) (3,627,627) (2,446,824)
Purchase of convertible bond hedge 0 0 (70,800)
Proceeds from issuance of warrants 0 0 42,210
Payments of cash dividends (23,782) (16,168) (14,588)
Payments for repurchases of common stock (214,275) (47,589) (1,844)
Payments of debt issuance costs (1,240) (224) (18,030)
Other, net 1,954 1,699 838
Net cash (used in) provided by financing activities (237,343) (62,282) 277,786
Net (decrease)/increase in cash and cash equivalents (152,391) 141,988 255,144
Cash and cash equivalents at beginning of period 434,563 292,575 37,431
Cash and cash equivalents at end of period 282,172 434,563 292,575
Supplemental Disclosures      
Income taxes paid, net 139,652 88,698 3,667
Interest paid 23,779 24,119 17,253
Non-cash investing and financing activities      
Issuance of common stock for acquisition of business 22,000 0 92,572
Issuance of common stock for settlement of earnout liability 13,168 0 0
Capital expenditures in accounts payable 6,843 3,760 178
Dividends declared not yet paid 8,816 6,497 180
Increase in lease assets in exchange for lease liabilities:      
Operating leases 17,236 2,626 1,179
Financing leases $ 2,528 $ 1,210 $ 5,664