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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 25, 2022
Dec. 26, 2021
Cash flows from operating activities      
Net income $ 322,317 $ 746,538 $ 31,268
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 419,900 403,110 380,824
Loss on early extinguishment of debt recognized as a component of interest expense 20,694 0 24,654
Loan cost amortization 7,366 4,753 5,095
Stock-based compensation activity 7,226 6,985 11,655
Deferred income tax expense (benefit) 6,675 21,295 (86,391)
Gain on property disposals (6,052) (18,908) (1,476)
Asset impairment 4,010 3,559 0
Accretion of bond discount 2,278 1,717 1,533
Loss (gain) on equity method investments 328 (2) (16)
Amortization of bond premium 0 0 (167)
Changes in operating assets and liabilities      
Trade accounts and other receivables (19,007) (149,599) (259,377)
Inventories 12,602 (472,224) (177,864)
Prepaid expenses and other current assets 17,776 18,264 (53,797)
Accounts payable and accrued expenses (68,677) 263,288 359,589
Income taxes (8,878) (142,455) 115,216
Long-term pension and other postretirement obligations (9,993) (4,128) (18,461)
Other operating assets and liabilities (30,688) (12,330) (5,826)
Cash provided by operating activities 677,877 669,863 326,459
Cash flows from investing activities      
Acquisitions of property, plant and equipment (543,816) (487,110) (381,671)
Proceeds from property insurance recoveries 20,681 16,034 0
Proceeds from property disposals 19,784 35,516 24,724
Purchase of acquired businesses, net of cash acquired 0 (9,692) (966,766)
Cash used in investing activities (503,351) (445,252) (1,323,713)
Cash flows from financing activities      
Proceeds from revolving line of credit and long-term borrowings 1,768,236 362,540 2,951,707
Payments on revolving line of credit, long-term borrowings and finance lease obligations (1,616,321) (388,299) (2,006,195)
Payment of capitalized loan costs (19,816) (4,741) (22,293)
Payment on early extinguishment of debt (13,780) 0 (21,258)
Distribution of capital under the TSA (1,592) (1,961) (650)
Purchase of common stock under share repurchase program 0 (199,553) 0
Cash provided by (used in) financing activities 116,727 (232,014) 901,311
Effect of exchange rate changes on cash and cash equivalents 5,211 (7,959) (2,342)
Increase (decrease) in cash and cash equivalents 296,464 (15,362) (98,285)
Cash and cash equivalents, restricted cash and restricted cash equivalents, beginning of year 434,759 450,121 548,406
Cash and cash equivalents, restricted cash and restricted cash equivalents, end of year 731,223 434,759 450,121
Supplemental Disclosure Information      
Interest paid (net of amount capitalized) 131,205 156,292 119,328
Income taxes paid $ 19,749 $ 385,585 $ 20,863