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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Nov. 29, 2020
USD ($)
Nov. 24, 2019
USD ($)
Nov. 25, 2018
USD ($)
Cash Flows from Operating Activities:      
Net income $ (127,141) $ 394,980 $ 285,244
Adjustments to reconcile net income to net cash provided by operating activities:      
Asset Impairment Charges 66,987 2,388 1,552
Depreciation and amortization 141,795 123,942 120,205
Employee benefit plan settlement losses 14,700 0 0
Stock-based compensation 50,947 55,188 18,407
Deferred income taxes (95,244) (14,963) 134,258
Other, net 34,892 14,449 (651)
Change in operating assets and liabilities:      
Trade receivables 234,217 (82,344) (60,474)
Inventories 93,096 (22,434) (147,389)
Accounts payable 12,507 8,887 151,133
Accrued salaries, wages and employee benefits and long-term employee related benefits (71,137) (55,363) (44,887)
Other current and non-current assets (78,235) (43,764) (34,059)
Other current and long-term liabilities 192,202 31,222 (2,968)
Net cash provided by operating activities 469,586 412,188 420,371
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment (130,383) (175,356) (159,413)
Payments to Acquire Businesses, Net of Cash Acquired (54,570) 0 0
Proceeds (payments) on settlement of forward foreign exchange contracts not designated for hedge accounting 12,531 12,166 (19,974)
Payments to acquire short-term investments (109,663) (114,247) 0
Proceeds from sale, maturity and collection of short-term investments 93,526 34,094 0
Net cash used for investing activities (188,559) (243,343) (179,387)
Cash Flows from Financing Activities:      
Proceeds from issuance of long-term debt 502,500 0 0
Proceeds from senior revolving credit facility 300,000 0 0
Repayments of senior revolving credit facility (300,000) 0 0
Payment of debt issuance costs (6,459) 0 0
Short-term credit facilities and borrowings, net 10,045 (23,268) (1,278)
Proceeds from issuance of common stock and employee stock purchase 8,050 256,391 0
Payments for underwriter commission and other offering costs 0 (19,746) 0
Repurchase of common stock (56,243) (3,088) (27,086)
Shares surrendered for tax withholdings on equity awards (90,628) (40,894) (28,953)
Dividend to stockholders (63,639) (113,914) (90,000)
Other financing, net (17,631) (463) (1,316)
Net cash (used for) provided by financing activities 285,995 55,018 (148,633)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (4,127) (2,808) (13,344)
Net increase in cash and cash equivalents and restricted cash 562,895 221,055 79,007
Beginning cash and cash equivalents, and restricted cash 934,753 713,698 634,691
Ending cash and cash equivalents, and restricted cash 1,497,648 934,753 713,698
Less: Ending restricted cash (493) (516) (578)
Ending cash and cash equivalents 1,497,155 934,237 713,120
Noncash Investing Activity:      
Property, plant and equipment acquired and not yet paid at end of period 35,994 30,512 23,099
Supplemental disclosure of cash flow information:      
Cash paid for interest during the period   54,000 51,200
Income taxes $ 50,068 $ 96,540 $ 96,277