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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Cash flows from operating activities    
Consolidated net income $ 76,259 $ 79,089
Reconciliation of consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 32,095 29,320
Stock-based compensation expense 6,355 5,953
Loss from unconsolidated affiliates 23,740 13,568
Gain on disposals of properties (24) (247)
Insurance recovery 0 (1,486)
Change in fair value of contingent consideration 4,500 0
Deferred income tax benefit (1,593) (1,502)
Changes in assets and liabilities, net of effects of business acquired:    
Receivables (47,433) (42,201)
Inventories 50,985 48,716
Other assets (7,485) 11,250
Current liabilities 1,687 (7,947)
Other liabilities (7,112) (13,862)
Other, net (47) 1,864
Net cash provided by operating activities 131,927 122,515
Cash flows from investing activities    
Capital expenditures (20,162) (16,685)
Acquisition of business, net of cash acquired 3,465 (167,677)
Investments in unconsolidated affiliates (11,000) (609)
Proceeds from sales of assets 385 18,693
Net cash used in investing activities (27,312) (166,278)
Cash flows from financing activities    
Dividends paid to stockholders of Mueller Industries, Inc. (16,738) (17,051)
Dividends paid to noncontrolling interests 0 (592)
Repurchase of common stock (1,763) (6,575)
Payment of contingent consideration (3,170) 0
Issuance of long-term debt 100,658 194,131
Repayments of long-term debt (151,305) (139,518)
Repayment of debt by consolidated joint ventures, net (4,352) (2,978)
Net cash used to settle stock-based awards (1,069) (726)
Net cash (used in) provided by financing activities (77,739) 26,691
Effect of exchange rate changes on cash (1,511) (442)
Increase (decrease) in cash, cash equivalents, and restricted cash 25,365 (17,514)
Cash, cash equivalents, and restricted cash at the beginning of the period 77,138 126,563
Cash, cash equivalents, and restricted cash at the end of the period $ 102,503 $ 109,049