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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 30, 2021
May 24, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ 207,223 $ (210,860)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 69,926 71,005
Property, plant, equipment, and right-of-use asset impairments 5,147 61,157
Loss on early extinguishment of debt 30,338 0
Stock-based compensation 30,102 25,598
Credit losses and accounts receivable allowances 0 20,935
Benefit from deferred income taxes (46,857) (100,977)
Other, net 9,392 1,949
Change in operating assets and liabilities, net of effect of acquisition:    
Trade receivables (36,149) 408,053
Inventories (38,630) (109,486)
Accounts payable 60,303 (73,701)
Accrued salaries, wages and employee benefits and long-term employee related benefits 27,808 (100,567)
Other current and non-current assets (20,867) (81,270)
Other current and long-term liabilities (49,718) 129,528
Net cash provided by operating activities 248,018 41,364
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (67,501) (75,210)
Payments for business acquisition 0 (52,201)
(Payments) proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting (4,349) 15,114
Payments to acquire short-term investments (55,124) (44,847)
Proceeds from sale, maturity and collection of short-term investments 56,530 49,586
Net cash used for investing activities (70,444) (107,558)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt 500,000 502,500
Repayments of long-term debt (800,000) 0
Proceeds from senior revolving credit facility 0 300,000
Other short-term borrowings, net (8,502) 810
Payment of debt extinguishment costs (20,000) 0
Payment of debt issuance and refinancing costs (10,446) (6,459)
Proceeds from issuance of common stock and employee stock purchase 3,721 4,283
Repurchase of common stock 0 (56,243)
Repurchase of shares surrendered for tax withholdings on equity awards (76,360) (75,568)
Payments to noncontrolling interests 0 (16,090)
Dividend to stockholders (40,097) (63,639)
Other financing, net (1,454) (3)
Net cash (used for) provided by financing activities (453,138) 589,591
Effect of exchange rate changes on cash and cash equivalents and restricted cash 2,500 (9,113)
Net increase (decrease) in cash and cash equivalents and restricted cash (273,064) 514,284
Beginning cash and cash equivalents, and restricted cash 1,497,648 934,753
Ending cash and cash equivalents, and restricted cash 1,224,584 1,449,037
Less: Ending restricted cash (504) (802)
Ending cash and cash equivalents 1,224,080 1,448,235
Noncash Investing and Financing Activity:    
Property, plant and equipment acquired and not yet paid at end of period 29,579 21,462
Supplemental disclosure of cash flow information:    
Cash paid for interest during the period 29,926 36,856
Cash paid for income taxes during the period, net of refunds $ 30,750 $ 53,594