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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Nov. 28, 2021
Nov. 29, 2020
Nov. 24, 2019
Cash Flows from Operating Activities:      
Net income (loss) $ 553,541 $ (127,141) $ 394,980
Adjustments to reconcile net income to net cash provided by operating activities:      
Asset impairment charges 21,871 66,987 2,388
Depreciation and amortization 143,167 141,795 123,942
Stock-based compensation 60,069 50,947 55,188
Deferred income taxes (87,945) (95,244) (14,963)
Loss on early extinguishment of debt 36,375 0 0
Other, net 33,958 49,592 14,449
Change in operating assets and liabilities:      
Trade receivables (181,547) 234,217 (82,344)
Inventories (84,670) 93,096 (22,434)
Accounts payable 150,507 12,507 8,887
Accrued salaries, wages and employee benefits and long-term employee related benefits 101,647 (71,137) (55,363)
Right-of use operating lease assets and current and non-current operating lease liabilities, net (5,870) 25,999 0
Other current and non-current assets (28,318) (82,271) (43,764)
Other current and long-term liabilities 24,479 170,239 31,222
Net cash provided by operating activities 737,264 469,586 412,188
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment (166,944) (130,383) (175,356)
Payments to acquire business (390,915) (54,570) 0
Proceeds (payments) on settlement of forward foreign exchange contracts not designated for hedge accounting (17,899) 12,531 12,166
Payments to acquire short-term investments (122,981) (109,663) (114,247)
Proceeds from sale, maturity and collection of short-term investments 126,929 93,526 34,094
Net cash used for investing activities (571,810) (188,559) (243,343)
Cash Flows from Financing Activities:      
Proceeds from issuance of long-term debt, net of issuance costs 489,281 496,041 0
Repayments of long-term debt including extinguishment costs (1,023,334) 0 0
Proceeds from senior revolving credit facility 0 300,000 0
Repayments of senior revolving credit facility 0 (300,000) 0
Short-term credit facilities and borrowings, net (12,180) 10,045 (23,268)
Proceeds from issuance of common stock and employee stock purchase 7,674 8,050 256,391
Payments for underwriter commission and other offering costs 0 0 (19,746)
Repurchase of common stock (85,864) (56,243) (3,088)
Shares surrendered for tax withholdings on equity awards (109,274) (90,628) (40,894)
Dividend to stockholders (104,431) (63,639) (113,914)
Other financing, net (2,760) (17,631) (463)
Net cash (used for) provided by financing activities (840,888) 285,995 55,018
Effect of exchange rate changes on cash and cash equivalents and restricted cash (11,634) (4,127) (2,808)
Net (decrease) increase in cash and cash equivalents and restricted cash (687,068) 562,895 221,055
Beginning cash and cash equivalents, and restricted cash 1,497,648 934,753 713,698
Ending cash and cash equivalents, and restricted cash 810,580 1,497,648 934,753
Less: Ending restricted cash (314) (493) (516)
Ending cash and cash equivalents 810,266 1,497,155 934,237
Noncash Investing Activity:      
Property, plant and equipment acquired and not yet paid at end of period 72,326 35,994 30,512
Supplemental disclosure of cash flow information:      
Cash paid for interest during the period 54,350 73,667 54,000
Income taxes $ 109,568 $ 50,068 $ 96,540