Reconciliation of cash flows impacted by adoption |
The following tables reconciles the Consolidated Statements of Cash Flows line items impacted by the adoption of these standards at October 29, 2017 for fiscal years 2017 and 2016: | | | | | | | | | | | | | | | | | (in thousands) | Reported October 29, 2017 | | ASU 2016-09 | | ASU 2016-15 | | Adjusted October 29, 2017 | Operating Activities | | | | | | | | Equity in earnings of affiliates | $ | (12,069 | ) | | $ | — |
| | $ | (27,521 | ) | | $ | (39,590 | ) | Distributions received from equity method investees | — |
| | — |
| | 27,521 |
| | 27,521 |
| Gain on insurance proceeds | — |
| | — |
| | (3,914 | ) | | (3,914 | ) | Excess tax benefit from stock-based compensation | (29,513 | ) | | 29,513 |
| | — |
| | | Increase in accounts receivable | (28,091 | ) | | — |
| | (1,626 | ) | | (29,717 | ) | Decrease in inventories | 41,312 |
| | — |
| | (284 | ) | | 41,028 |
| Net Cash Provided by Operating Activities | 1,010,196 |
| | 29,513 |
| | (5,824 | ) | | 1,033,885 |
| | | | | | | | | Investing Activities | | | | | | | | Proceeds from sales of property/equipment | 4,010 |
| | — |
| | (256 | ) | | 3,754 |
| Increase in investments, equity in affiliates, and other assets | 8,792 |
| | — |
| | (3,697 | ) | | 5,095 |
| Proceeds from company-owned life insurance | — |
| | — |
| | 5,323 |
| | 5,323 |
| Proceeds from insurance recoveries | — |
| | — |
| | 4,454 |
| | 4,454 |
| Net Cash Used in Investing Activities | (593,003 | ) | | — |
| | 5,824 |
| | (587,179 | ) | | | | | | | | | Financing Activities | | | | | | | | Excess tax benefit from stock-based compensation | 29,513 |
| | (29,513 | ) | | — |
| | — |
| Net Cash Used in Financing Activities | (389,258 | ) | | (29,513 | ) | | — |
| | (418,771 | ) | Effect of Exchange Rate Changes on Cash | 1,044 |
| | — |
| | — |
| | 1,044 |
| Increase in Cash and Cash Equivalents | $ | 28,979 |
| | $ | — |
| | $ | — |
| | $ | 28,979 |
| Cash and cash equivalents at beginning of year | 415,143 |
| | — |
| | — |
| | 415,143 |
| Cash and Cash Equivalents at the End of Year | $ | 444,122 |
| | $ | — |
| | $ | — |
| | $ | 444,122 |
|
| | | | | | | | | | | | | | | | | (in thousands) | Reported October 30, 2016* | | ASU 2016-09 | | ASU 2016-15 | | Adjusted October 30, 2016* | Operating Activities | | | | | | | | Equity in earnings of affiliates | $ | 7,505 |
| | $ | — |
| | $ | (46,190 | ) | | $ | (38,685 | ) | Distributions received from equity method investees | — |
| | — |
| | 46,190 |
| | 46,190 |
| Excess tax benefit from stock-based compensation | (47,657 | ) | | 47,657 |
| | — |
| | — |
| Increase in accounts receivable | 21,389 |
| | — |
| | (485 | ) | | 20,904 |
| Net Cash Provided by Operating Activities | 992,848 |
| | 47,657 |
| | (485 | ) | | 1,040,020 |
| | | | | | | | | Investing Activities | | | | | | | | Increase in investments, equity in affiliates, and other assets | 11,078 |
| | — |
| | (864 | ) | | 10,214 |
| Proceeds from company-owned life insurance | — |
| | — |
| | 1,349 |
| | 1,349 |
| Net Cash Used in Investing Activities | (408,959 | ) | | — |
| | 485 |
| | (408,474 | ) | | | | | | | | | Financing Activities | | | | | | | | Excess tax benefit from stock-based compensation | 47,657 |
| | (47,657 | ) | | — |
| | — |
| Net Cash Used in Financing Activities | (509,646 | ) | | (47,657 | ) | | — |
| | (557,303 | ) | Effect of Exchange Rate Changes on Cash | (6,339 | ) | | — |
| | — |
| | (6,339 | ) | Increase in Cash and Cash Equivalents | $ | 67,904 |
| | $ | — |
| | $ | — |
| | $ | 67,904 |
| Cash and cash equivalents at beginning of year | 347,239 |
| | — |
| | — |
| | 347,239 |
| Cash and Cash Equivalents at the End of Year | $ | 415,143 |
| | $ | — |
| | $ | — |
| | $ | 415,143 |
|
*Fiscal 2016 included 53 weeks.
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