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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 26, 2019
May 27, 2018
Cash Flows from Operating Activities:    
Net income $ 174,958 $ 58,403
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 58,745 64,695
Unrealized foreign exchange losses (gains) 14,899 (10,678)
Realized (gain) loss on settlement of forward foreign exchange contracts not designated for hedge accounting (7,134) 18,148
Employee benefit plans’ amortization from accumulated other comprehensive loss and settlement loss 6,886 6,517
Stock-based compensation 14,014 10,822
Other, net 1,813 3,767
(Benefit from) provision for deferred income taxes (19,937) 135,168
Change in operating assets and liabilities:    
Trade receivables 119,916 135,739
Inventories (32,628) (95,690)
Other current assets (22,546) (1,580)
Other non-current assets (5,198) (7,435)
Accounts payable and other accrued liabilities (47,137) 38,284
Restructuring liabilities (126) (254)
Income tax liabilities 20,675 (980)
Accrued salaries, wages and employee benefits and long-term employee related benefits (115,443) (127,321)
Other long-term liabilities 56 (47)
Net cash provided by operating activities 161,813 227,558
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (76,961) (61,153)
Proceeds (Payments) on settlement of forward foreign exchange contracts not designated for hedge accounting 13,125 (18,148)
Payments to acquire short-term investments (84,829) 0
Proceeds from sale, maturity and collection of short-term investments 5,481 0
Net cash used for investing activities (143,184) (79,301)
Cash Flows from Financing Activities:    
Proceeds from short-term credit facilities 17,929 22,689
Repayments of short-term credit facilities (27,866) (20,673)
Other short-term borrowings, net (9,422) (14,537)
Proceeds from issuance of Class A common stock 254,329 0
Payments for underwriter commission and other offering costs (19,746) 0
Repurchase of common stock, including shares surrendered for tax withholdings on equity award exercises (28,610) (22,027)
Dividend to stockholders (55,000) (45,000)
Other financing, net (565) (644)
Net cash provided by (used for) financing activities 131,049 (80,192)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (1,913) (3,424)
Net increase in cash and cash equivalents and restricted cash 147,765 64,641
Beginning cash and cash equivalents, and restricted cash 713,698 634,691
Ending cash and cash equivalents, and restricted cash 861,463 699,332
Less: Ending restricted cash (530) (608)
Ending cash and cash equivalents 860,933 698,724
Noncash Investing Activity:    
Property, plant and equipment acquired and not yet paid at end of period 14,775 14,454
Property, plant and equipment additions due to build-to-suit lease transactions 10,861 1,822
Realized loss on foreign currency contracts not yet paid at end of period 5,990 0
Supplemental disclosure of cash flow information:    
Cash paid for interest during the period 26,849 25,824
Cash paid for income taxes during the period, net of refunds $ 52,800 $ 35,066