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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2021
Feb. 23, 2020
Cash Flows from Operating Activities:    
Net income $ 142,504 $ 152,689
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,469 35,974
Stock-based compensation 6,716 17,535
Benefit from deferred income taxes (18,786) (15,818)
Other, net 6,725 5,270
Change in operating assets and liabilities, net of effect of acquisition:    
Trade receivables (56,674) 67,767
Inventories (13,901) 41,247
Accounts payable 45,038 (59,757)
Accrued salaries, wages and employee benefits and long-term employee related benefits (13,885) (40,527)
Other current and non-current assets (36,137) (28,083)
Other current and long-term liabilities (27,589) 21,586
Net cash provided by operating activities 69,480 197,883
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (36,986) (44,424)
Payments for business acquisition 0 (52,201)
Proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting 78 (19,326)
Payments to acquire short-term investments (30,915) (30,121)
Proceeds from sale, maturity and collection of short-term investments 32,930 26,791
Net cash used for investing activities (34,893) (119,281)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt 500,000 0
Other short-term borrowings, net (9,622) 12,021
Payment of debt issuance and refinancing costs (10,114) 0
Proceeds from issuance of common stock and employee stock purchase 1,929 2,030
Repurchase of common stock 0 (30,074)
Repurchase of shares surrendered for tax withholdings on equity awards (25,818) (75,242)
Payments to noncontrolling interests 0 (14,825)
Dividend to stockholders (15,992) (31,930)
Other financing, net (715) 0
Net cash provided by (used for) financing activities 439,668 (138,020)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 2,191 (1,270)
Net increase (decrease) in cash and cash equivalents and restricted cash 476,446 (60,688)
Beginning cash and cash equivalents, and restricted cash 1,497,648 934,753
Ending cash and cash equivalents, and restricted cash 1,974,094 874,065
Less: Ending restricted cash (492) (501)
Ending cash and cash equivalents 1,973,602 873,564
Noncash Investing and Financing Activity:    
Property, plant and equipment acquired and not yet paid at end of period 19,201 12,089
Realized (gain) loss on foreign currency contracts not yet settled at end of period 0 (17,338)
Repurchase of common stock not yet settled at end of period 0 6,997
Supplemental disclosure of cash flow information:    
Cash paid for interest during the period 846 818
Cash paid for income taxes during the period, net of refunds $ 9,991 $ 19,636