XML 17 R8.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Feb. 27, 2022
Feb. 28, 2021
Cash Flows from Operating Activities:    
Net income $ 195,843 $ 142,504
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 38,933 35,469
Stock-based compensation 14,089 6,716
Provision for (benefit from) deferred income taxes 19,032 (18,786)
Other, net 172 6,725
Net change in operating assets and liabilities (181,934) (103,148)
Net cash provided by operating activities 86,135 69,480
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (73,591) (36,986)
Proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting 3,093 78
Payments to acquire short-term investments (27,983) (30,915)
Proceeds from sale, maturity and collection of short-term investments 20,277 32,930
Net cash used for investing activities (78,204) (34,893)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt, net of issuance costs 0 489,886
Other short-term borrowings, net (1,363) (9,622)
Repurchase of common stock (74,191) 0
Tax withholdings on equity awards (25,825) (25,818)
Dividend to stockholders (39,864) (15,992)
Other financing activities, net 1,814 1,214
Net cash (used for) provided by financing activities (139,429) 439,668
Effect of exchange rate changes on cash and cash equivalents and restricted cash (443) 2,191
Net (decrease) increase in cash and cash equivalents and restricted cash (131,941) 476,446
Beginning cash and cash equivalents, and restricted cash 810,580 1,497,648
Ending cash and cash equivalents, and restricted cash 678,639 1,974,094
Less: Ending restricted cash (333) (492)
Ending cash and cash equivalents 678,306 1,973,602
Noncash Investing and Financing Activity:    
Property, plant and equipment acquired and not yet paid at end of period 25,717 19,201
Supplemental disclosure of cash flow information:    
Cash paid for interest during the period 712 846
Cash paid for income taxes during the period, net of refunds $ 6,499 $ 9,991