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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Nov. 24, 2019
Nov. 25, 2018
Nov. 26, 2017
Cash Flows from Operating Activities:      
Net income $ 394,980 $ 285,244 $ 284,556
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 123,942 120,205 117,387
Unrealized foreign exchange losses (gains) 11,721 (30,804) 24,731
Realized (gain) loss on settlement of forward foreign exchange contracts not designated for hedge accounting (12,166) 19,974 5,773
Employee benefit plans’ amortization from accumulated other comprehensive loss and settlement losses 10,248 4,336 30,125
Loss on extinguishment of debt, net of write-off of unamortized debt issuance costs 0 0 22,793
Stock-based compensation 55,188 18,407 25,809
Deferred income taxes (14,963) 134,258 (486)
Other, net 7,034 7,395 8,005
Change in operating assets and liabilities:      
Trade receivables (82,344) (60,474) 3,981
Inventories (22,434) (147,389) (14,409)
Other current assets (22,102) (30,870) 1,828
Other non-current assets (21,662) (3,189) (6,862)
Accounts payable and other accrued liabilities 18,054 161,039 35,714
Restructuring liabilities (256) (420) (4,274)
Income tax liabilities 9,352 (8,590) 2,478
Accrued salaries, wages and employee benefits and long-term employee related benefits (55,363) (44,887) (9,408)
Other long-term liabilities 12,959 (3,864) (1,800)
Net cash provided by operating activities 412,188 420,371 525,941
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment (175,356) (159,413) (118,618)
Proceeds (payments) on settlement of forward foreign exchange contracts not designated for hedge accounting 12,166 (19,974) (5,773)
Payments to acquire short-term investments (114,247) 0 0
Proceeds from sale, maturity and collection of short-term investments 34,094 0 0
Net cash used for investing activities (243,343) (179,387) (124,391)
Cash Flows from Financing Activities:      
Proceeds from issuance of long-term debt 0 0 502,835
Repayments of long-term debt and capital leases 0 0 (525,000)
Proceeds from short-term credit facilities 39,175 31,929 35,333
Repayments of short-term credit facilities (53,025) (28,230) (29,764)
Other short-term borrowings, net (9,418) (4,977) (6,231)
Payment of debt extinguishment costs 0 0 (21,902)
Debt issuance costs 0 0 (10,366)
Proceeds from issuance of Class A common stock 254,329 0 0
Payments for underwriter commission and other offering costs (19,746) 0 0
Proceeds from purchases of stock under employee stock purchase plan 2,062 0 0
Repurchase of common stock (43,982) (56,039) (25,102)
Dividend to stockholders (113,914) (90,000) (70,000)
Other financing, net (463) (1,316) (1,632)
Net cash (used for) provided by financing activities 55,018 (148,633) (151,829)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (2,808) (13,344) 8,417
Net increase in cash and cash equivalents and restricted cash 221,055 79,007 258,138
Beginning cash and cash equivalents, and restricted cash 713,698 634,691 376,553
Ending cash and cash equivalents, and restricted cash 934,753 713,698 634,691
Less: Ending restricted cash (516) (578) (1,069)
Ending cash and cash equivalents 934,237 713,120 633,622
Noncash Investing Activity:      
Property, plant and equipment acquired and not yet paid at end of period 30,512 23,099 22,664
Property, plant and equipment additions due to build-to-suit lease transactions 10,861 2,750 19,888
Supplemental disclosure of cash flow information:      
Cash paid for interest during the period 54,000 51,200 52,097
Income taxes $ 96,540 $ 96,277 $ 54,602