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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Cash received from customers $ 23,664,160 $ 22,659,014
Cash paid to employees and suppliers (20,550,089) (19,177,711)
Income taxes paid (630,233) (25,981)
Self-insured claims paid (216,253) (176,148)
Dividends and interest received 134,991 118,684
Other operating cash receipts 188,666 155,659
Other operating cash payments (11,965) (9,819)
Net cash provided by operating activities 2,579,277 3,543,698
Cash flows from investing activities:    
Payment for capital expenditures (649,922) (574,003)
Proceeds from sale of property, plant and equipment 8,066 3,441
Payment for investments (1,613,841) (2,433,868)
Proceeds from sale and maturity of investments 850,818 1,195,829
Net cash used in investing activities (1,404,879) (1,808,601)
Cash flows from financing activities:    
Payment for acquisition of common stock (588,237) (775,114)
Proceeds from sale of common stock 134,904 133,824
Dividends paid (477,537) (437,342)
Repayment of long-term debt (12,057) (5,617)
Other, net (1,144) 9,263
Net cash used in financing activities (944,071) (1,074,986)
Net increase in cash and cash equivalents 230,327 660,111
Cash and cash equivalents at beginning of period 673,483 763,382
Cash and cash equivalents at end of period 903,810 1,423,493
Reconciliation of net earnings to net cash provided by operating activities:    
Net earnings 2,504,497 2,034,390
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 389,090 359,268
Increase in last-in, first-out (LIFO) reserve 37,353 31,975
Retirement contributions paid or payable in common stock 213,300 201,713
Deferred income taxes 237,128 (12,856)
Loss on disposal and impairment of long-lived assets 10,443 80,888
Gain on investments (928,355) (242,440)
Net amortization of investments 38,517 21,566
Changes in operating assets and liabilities providing (requiring) cash:    
Trade receivables 124,522 11,525
Inventories 74,342 12,791
Other assets 7,125 6,153
Accounts payable and accrued expenses 23,103 511,455
Income taxes (164,713) 523,158
Other liabilities 12,925 4,112
Total adjustments 74,780 1,509,308
Net cash provided by operating activities $ 2,579,277 $ 3,543,698