v2.3.0.11
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 26, 2011
Jun. 27, 2010
Cash flows from operating activities:    
Net loss $ (247,827) $ (10,776)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 103,075 117,473
Asset impairment 2,808 14,827
Noncash loss on early extinguishment of debt recognized as a reorganization item   13,654
Accretion of bond discount 225  
Gain on property disposals (342) (69)
Share-based compensation 269  
Deferred income tax benefit (9,695) (36,696)
Changes in operating assets and liabilities:    
Restricted cash and cash equivalents (530) (14,931)
Trade accounts and other receivables (55,676) (18,121)
Inventories 64,748 (40,573)
Prepaid expenses and other current assets (14,448) (19,750)
Accounts payable, accrued expenses and other current liabilities 18,630 (167,935)
Income taxes 573 115,177
Deposits 2,180 34,976
Other operating assets and liabilities (4,162) (2,198)
Cash used in operating activities (140,172) (14,942)
Cash flows from investing activities:    
Acquisitions of property, plant and equipment (103,152) (67,443)
Purchases of investment securities (3,383) (5,865)
Proceeds from sale or maturity of investment securities 2,634 5,122
Proceeds from property disposals 4,877 1,626
Cash used in investing activities (99,024) (66,560)
Cash flows from financing activities:    
Proceeds from note payable to JBS USA 50,000  
Proceeds from revolving line of credit and long-term borrowings 580,289 1,484,400
Payments on revolving line of credit, long-term borrowings and capital lease obligations (455,931) (2,351,640)
Proceeds from sale of common stock   800,000
Purchase of remaining interest in subsidiary (2,504)  
Payment of capitalized loan costs (4,395) (49,981)
Other financing activities (106) (241)
Cash provided by (used in) financing activities 167,353 (117,462)
Effect of exchange rate changes on cash and cash equivalents 330 (853)
Decrease in cash and cash equivalents (71,513) (199,817)
Cash and cash equivalents, beginning of period 106,077 236,300
Cash and cash equivalents, end of period $ 34,564 $ 36,483