XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Feb. 26, 2023
Feb. 27, 2022
Cash Flows from Operating Activities:    
Net income $ 114,700 $ 195,800
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39,600 38,900
Property, plant, equipment impairment, and early lease terminations, net 14,900 0
Stock-based compensation 17,600 14,100
(Benefit from) provision for deferred income taxes (7,900) 19,000
Other, net (2,800) 200
Net change in operating assets and liabilities (336,900) (181,900)
Net cash (used for) provided by operating activities (160,800) 86,100
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (110,900) (73,600)
Proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting 21,000 3,100
Payments to acquire short-term investments 0 (28,000)
Proceeds from sale, maturity and collection of short-term investments 70,800 20,300
Net cash used for investing activities (19,100) (78,200)
Cash Flows from Financing Activities:    
Proceeds from senior revolving credit facility 150,000 0
Repurchase of common stock (8,100) (74,200)
Tax withholdings on equity awards (18,600) (25,800)
Dividend to stockholders (47,600) (39,900)
Other financing, net 2,100 600
Net cash provided by (used for) financing activities 77,800 (139,300)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (5,700) (500)
Net decrease in cash and cash equivalents and restricted cash (107,800) (131,900)
Beginning cash and cash equivalents, and restricted cash 430,000 810,600
Ending cash and cash equivalents, and restricted cash 322,200 678,700
Less: Ending restricted cash (400) (300)
Ending cash and cash equivalents 321,800 678,400
Noncash Investing Activity:    
Property, plant and equipment acquired and not yet paid at end of period 39,300 25,700
Supplemental disclosure of cash flow information:    
Cash paid for income taxes during the period, net of refunds $ 1,700 $ 6,500