Summary of Changes in Current Assets and Current Liabilities Affecting Cash Flows |
Changes in current assets and current liabilities affecting cash were as follows:
| | | | | | | | | | | | | | | | | | | | | | | Fiscal Year | (in thousands) | | 2023 | | 2022 | | 2021 | Accounts receivable, trade | | $ | (23,886) | | | $ | (59,777) | | | $ | (46,825) | | Allowance for doubtful accounts | | (59) | | | (1,217) | | | (4,284) | | Accounts receivable from The Coca-Cola Company | | (16,150) | | | 21,951 | | | (8,534) | | Accounts receivable, other | | (12,902) | | | (20,753) | | | 3,206 | | Inventories | | 25,613 | | | (44,694) | | | (77,094) | | Prepaid expenses and other current assets | | 5,682 | | | (16,201) | | | (3,922) | | Accounts payable, trade | | 17,096 | | | 23,417 | | | 84,959 | | Accounts payable to The Coca-Cola Company | | (23,284) | | | 17,112 | | | 38,490 | | Other accrued liabilities | | 37,017 | | | (10,649) | | | 21,313 | | Accrued compensation | | 20,011 | | | 16,027 | | | 23,286 | | Change in current assets less current liabilities | | $ | 29,138 | | | $ | (74,784) | | | $ | 30,595 | |
|
Net Cash Payments (Refunds) During the Period for Income Taxes and Interest |
The Company had the following net cash payments during the period for income taxes and interest:
| | | | | | | | | | | | | | | | | | | | | | | Fiscal Year | (in thousands) | | 2023 | | 2022 | | 2021 | Income taxes | | $ | 200,812 | | | $ | 140,988 | | | $ | 70,988 | | Interest | | 23,960 | | | 28,086 | | | 29,142 | |
|
Significant Noncash Financing and Investing Activities |
The Company had the following significant non-cash financing and investing activities:
| | | | | | | | | | | | | | | | | | | | | | | Fiscal Year | (in thousands) | | 2023 | | 2022 | | 2021 | Dividends declared but not yet paid | | $ | 154,666 | | | $ | 32,808 | | | $ | — | | Additions to property, plant and equipment accrued and recorded in accounts payable, trade | | 59,014 | | | 44,775 | | | 35,809 | | Right-of-use assets obtained in exchange for operating lease obligations | | 10,215 | | | 25,130 | | | 26,907 | | Reductions to leased property under financing leases | | — | | | 55,465 | | | — | |
|