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Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Dec. 30, 2018
Cash flows from operating activities      
Net earnings $ 225,441,000 $ 520,454,000 $ 220,434,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation of property, plant and equipment 120,229,000 133,528,000 139,255,000
Impairment of goodwill 0 0 86,253,000
Asset Impairments 71,540,000 0 31,303,000
Non-cash pension settlement 0 110,962,000 0
Amortization of intangible assets 144,746,000 47,259,000 28,703,000
Program cost amortization 387,056,000 85,585,000 43,906,000
Deferred income taxes 30,316,000 (14,956,000) (11,094,000)
Stock-based compensation 49,748,000 28,044,000 27,892,000
Other non-cash items 7,396,000 (54,184,000) (18,879,000)
Changes in operating assets and liabilities, net of acquired and disposed balances:      
Decrease (increase) in accounts receivable 210,823,000 (211,450,000) 180,113,000
Decrease (increase) in inventories 62,757,000 (4,631,000) (37,211,000)
(Increase) decrease in prepaid expenses and other current assets (7,470,000) 18,106,000 (11,929,000)
Program spend, net (438,854,000) (33,851,000) (131,984,000)
Increase in accounts payable and accrued liabilities 49,288,000 62,277,000 107,426,000
Change in net deemed repatriation tax (18,364,000) (14,550,000) 27,027,000
Other 81,688,000 (19,532,000) (35,218,000)
Net cash provided by operating activities 976,340,000 653,061,000 645,997,000
Cash flows from investing activities      
Additions to property, plant and equipment (125,754,000) (133,636,000) (140,426,000)
Investments and acquisitions, net of cash acquired (4,412,948,000) (8,761,000) (155,451,000)
Net gains on derivative contracts 0 79,990,000 0
Other 38,471,000 1,452,000 9,400,000
Net cash utilized by investing activities (4,500,231,000) (60,955,000) (286,477,000)
Cash flows from financing activities      
Net proceeds from borrowings with maturity greater than three months 1,112,640,000 2,354,957,000 0
Repayments of borrowings with maturity greater than three months (275,514,000) 0 0
Net repayments of other short-term borrowings (8,617,000) (8,828,000) (142,357,000)
Purchases of common stock 0 (61,387,000) (250,054,000)
Stock-based compensation transactions 16,592,000 31,786,000 29,999,000
Dividends paid (372,652,000) (336,604,000) (309,258,000)
Payments related to tax withholding for share-based compensation (6,040,000) (13,123,000) (58,344,000)
Redemption of Equity Instruments (47,399,000) 0 0
Deferred acquisition payments 0 (100,000,000) 0
Proceeds from issuance of common stock 0 975,185,000 0
Debt acquisition costs 0 (26,653,000) 0
Other (13,061,000) (4,760,000) (7,087,000)
Net cash provided (utilized) by financing activities 405,949,000 2,810,573,000 (737,101,000)
Effect of exchange rate changes on cash (12,751,000) (4,681,000) (21,282,000)
(Decrease) increase in cash, cash equivalents and restricted cash (3,130,693,000) 3,397,998,000 (398,863,000)
Cash, cash equivalents and restricted cash at beginning of year 4,580,369,000 1,182,371,000 1,581,234,000
Cash, cash equivalents and restricted cash at end of year 1,449,676,000 4,580,369,000 1,182,371,000
Supplemental information      
Interest paid 182,919,000 82,205,000 82,258,000
Income taxes paid $ 81,573,000 $ 103,149,000 $ 117,854,000