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) |
|
2018 |
|
|
2017 |
|
|
2016 |
|
Accounts receivable, trade, net |
|
$ |
(39,333 |
) |
|
$ |
(121,203 |
) |
|
$ |
(83,204 |
) |
Accounts receivable from The Coca-Cola Company |
|
|
11,643 |
|
|
|
3,272 |
|
|
|
(31,231 |
) |
Accounts receivable, other |
|
|
8,467 |
|
|
|
(9,190 |
) |
|
|
(5,723 |
) |
Inventories |
|
|
(26,415 |
) |
|
|
2,527 |
|
|
|
(8,301 |
) |
Prepaid expenses and other current assets |
|
|
29,785 |
|
|
|
(22,870 |
) |
|
|
2,277 |
|
Accounts payable, trade |
|
|
(36,355 |
) |
|
|
73,603 |
|
|
|
32,186 |
|
Accounts payable to The Coca-Cola Company |
|
|
(36,095 |
) |
|
|
33,757 |
|
|
|
39,842 |
|
Other accrued liabilities |
|
|
62,892 |
|
|
|
31,525 |
|
|
|
6,474 |
|
Accrued compensation |
|
|
(1,943 |
) |
|
|
7,351 |
|
|
|
7,613 |
|
Accrued interest payable |
|
|
967 |
|
|
|
1,487 |
|
|
|
158 |
|
Change in current assets less current liabilities (exclusive of acquisitions) |
|
$ |
(26,387 |
) |
|
$ |
259 |
|
|
$ |
(39,909 |
) |
|
Net Cash Payments (Refunds) During the Period for Interest and Income Taxes |
The Company had the following net cash payments (refunds) during the period for interest and income taxes:
|
|
Fiscal Year |
|
(in thousands) |
|
2018 |
|
|
2017 |
|
|
2016 |
|
Interest |
|
$ |
45,067 |
|
|
$ |
39,609 |
|
|
$ |
34,764 |
|
Income taxes |
|
|
(36,991 |
) |
|
|
30,965 |
|
|
|
(7,111 |
) |
|
Significant Noncash Investing and Financing Activities |
The Company had the following significant noncash investing and financing activities:
|
|
Fiscal Year |
|
(in thousands) |
|
2018 |
|
|
2017 |
|
|
2016 |
|
Additions to property, plant and equipment accrued and recorded in accounts payable, trade |
|
$ |
13,675 |
|
|
$ |
22,329 |
|
|
$ |
15,704 |
|
Issuance of Class B Common Stock in connection with stock award |
|
|
3,831 |
|
|
|
3,669 |
|
|
|
3,726 |
|
Estimated fair value related to the October 2017 Divestitures |
|
|
- |
|
|
|
151,434 |
|
|
|
- |
|
Gain on acquisition of Southeastern Container preferred shares in CCR redistribution |
|
|
- |
|
|
|
6,012 |
|
|
|
- |
|
Accounts receivable from The Coca-Cola Company for adjustments to the cash purchase price for the April 2017 Transactions |
|
|
- |
|
|
|
4,707 |
|
|
|
- |
|
Capital lease obligations incurred |
|
|
- |
|
|
|
2,233 |
|
|
|
- |
|
|