XML 1024 R7.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
OPERATING ACTIVITIES      
Net income $ 430,914 $ 381,524 $ 192,106
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 57,453 49,609 45,855
Non-cash interest charges 355 447 334
Provisions for losses on trade and other accounts receivable 12,220 5,722 9,415
Gains on sales/disposals of operating property (2,944) (1,830) (2,576)
Impairment of intangible and other assets 0 0 2,582
Deferred income taxes, net (5,360) (3,790) 1,130
Stock-based compensation 12,399 27,537 4,639
Changes in operating assets and liabilities:      
Decrease (increase) in trade and other accounts receivable 219,190 (362,234) (285,169)
(Increase) decrease in other assets (5,938) 4,444 (4,719)
(Decrease) increase in accounts payable (76,758) 224,125 108,090
(Decrease) increase in other liabilities (31,571) 43,422 28,496
Increase (decrease) in insurance claims 12,699 (92,236) 110,534
NET CASH PROVIDED BY OPERATING ACTIVITIES 622,659 276,740 210,717
INVESTING ACTIVITIES      
Net change in other short-term investments 0 0 131
Sales and maturities of investments 41,198 31,938 22,632
Purchases of investments (40,202) (84,992) (25,550)
Purchases of operating property (26,005) (23,261) (30,626)
Proceeds from sales of operating property 5,236 2,971 7,760
Consideration paid for acquisition 0 0 (2,766)
Purchase of non-marketable securities (4,999) 0 0
NET CASH USED BY INVESTING ACTIVITIES (24,772) (73,344) (28,419)
FINANCING ACTIVITIES      
(Decrease) increase in cash overdraft (23,525) 41,730 20,870
Dividends paid (115,671) (111,961) (109,504)
Payment for debt issue costs (1,080) 0 (1,132)
Proceeds from exercises of stock options 68 160 725
Taxes paid in lieu of shares issued related to stock-based compensation plans (10,428) (2,342) (3,326)
Purchases of common stock (285,983) (122,722) (115,962)
Principal payments on finance lease obligations (39,063) (37,644) (43,703)
Payment of deferred consideration 0 (168) 0
NET CASH USED BY FINANCING ACTIVITIES (475,682) (232,947) (252,032)
Effect of exchange rate changes on cash and cash equivalents (2,195) (232) (427)
Increase (decrease) in cash, cash equivalents and restricted cash 120,010 (29,783) (70,161)
Cash, cash equivalents and restricted cash at beginning of period 219,571 249,354 319,515
Cash, cash equivalents and restricted cash at end of period $ 339,581 $ 219,571 $ 249,354