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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Mar. 26, 2022
Cash flows from operating activities    
Consolidated net income $ 175,093 $ 159,248
Reconciliation of consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 10,746 10,930
Stock-based compensation expense 5,637 2,573
Provision for doubtful accounts receivable (15) 125
Loss (income) from unconsolidated affiliates 984 (124)
Gain on disposals of properties (115) (5,507)
Deferred income tax expense 372 258
Changes in assets and liabilities:    
Receivables (111,547) (116,610)
Inventories (581) (40,803)
Other assets (17,950) 314
Current liabilities 50,842 54,344
Other liabilities (2,275) (1,752)
Other, net 427 (137)
Net cash provided by operating activities 111,618 62,859
Cash flows from investing activities    
Capital expenditures (7,556) (5,259)
Insurance proceeds - capital related 8,000 0
Proceeds from the maturity of short term investments 50,000 0
Proceeds from sales of assets 118 6,219
Dividends from unconsolidated affiliates 644 959
Net cash provided by investing activities 51,206 1,919
Cash flows from financing activities    
Dividends paid to stockholders of Mueller Industries, Inc. (16,729) 0
Repurchase of common stock 0 (3,972)
Repayments of debt (56) (56)
Issuance of debt by consolidated joint ventures, net 297 0
Net cash used to settle stock-based awards (2,611) (230)
Net cash used in financing activities (19,099) (4,258)
Effect of exchange rate changes on cash 2,573 301
Increase in cash, cash equivalents, and restricted cash 146,298 60,821
Cash, cash equivalents, and restricted cash at the beginning of the period 465,296 90,376
Cash, cash equivalents, and restricted cash at the end of the period $ 611,594 $ 151,197