XML 18 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Aug. 23, 2020
Aug. 25, 2019
Cash Flows from Operating Activities:    
Net income (loss) $ (183,811) $ 299,175
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 104,997 90,305
Property, plant, equipment, and right-of-use asset impairments 60,968 939
Unrealized foreign exchange losses 5,706 19,625
Realized gains on settlement of forward foreign exchange contracts not designated for hedge accounting (17,636) (9,309)
Employee benefit plans’ amortization from accumulated other comprehensive loss and curtailment loss 13,845 10,317
Stock-based compensation 37,242 31,859
Allowance for doubtful accounts 10,697 544
Other, net 6,120 1,897
Benefit from deferred income taxes (87,871) (20,352)
Change in operating assets and liabilities, net of effect of acquisition:    
Trade receivables 219,779 (21,387)
Inventories (47,289) (79,355)
Accounts payable, accrued liabilities, and operating leases, net of right-of-use assets 199,393 (26,541)
Restructuring liabilities 57,762 0
Income tax liabilities (9,466) 34,918
Accrued salaries, wages and employee benefits and long-term employee related benefits (82,497) (88,817)
Other operating assets and liabilities, net (47,074) (38,281)
Net cash provided by operating activities 240,865 205,537
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (89,487) (128,041)
Payments for business acquisition (54,282) 0
Proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting 17,636 9,309
Payments to acquire short-term investments (67,458) (94,702)
Proceeds from sale, maturity and collection of short-term investments 75,863 15,057
Net cash used for investing activities (117,728) (198,377)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt 502,500 0
Proceeds from senior revolving credit facility 300,000 0
Repayments of senior revolving credit facility (300,000) 0
Proceeds from short-term credit facilities 8,936 25,259
Repayments of short-term credit facilities (5,245) (38,280)
Other short-term borrowings, net 12,980 9,486
Payment of debt issuance costs (6,459) 0
Proceeds from issuance of Class A common stock 0 254,329
Payments For Underwriter Commission and Other Offering Costs 0 (19,746)
Proceeds from employee stock purchase plan 6,173 0
Repurchase of common stock (56,243) (3,088)
Repurchase of shares surrendered for tax withholdings on equity awards (79,857) (25,522)
Payments to noncontrolling interests (16,090) 0
Dividend to stockholders (63,639) (55,000)
Other financing, net (535) (643)
Net cash provided by financing activities 302,521 146,795
Effect of exchange rate changes on cash and cash equivalents and restricted cash (6,914) (3,357)
Net increase in cash and cash equivalents and restricted cash 418,744 150,598
Beginning cash and cash equivalents, and restricted cash 934,753 713,698
Ending cash and cash equivalents, and restricted cash 1,353,497 864,296
Less: Ending restricted cash (455) (523)
Ending cash and cash equivalents 1,353,042 863,773
Noncash Investing and Financing Activity:    
Property, plant and equipment acquired and not yet paid at end of period 33,255 21,573
Property, plant and equipment additions due to build-to-suit lease transactions 0 10,861
Supplemental disclosure of cash flow information:    
Cash paid for interest during the period 38,036 29,621
Cash paid for income taxes during the period, net of refunds $ 34,657 $ 80,159