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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 25, 2022
Sep. 26, 2021
Cash flows from operating activities:    
Net income (loss) $ 901,580 $ (5,200)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation and amortization 300,962 274,336
Deferred income tax benefit (48,611) (26,436)
Stock-based compensation 5,982 8,418
Gain on property disposals (5,620) (3,605)
Loan cost amortization 4,311 3,762
Accretion of discount related to Senior Notes 1,288 1,104
Loss (gain) on equity-method investments 1 (12)
Loss on early extinguishment of debt recognized as a component of interest expense 0 24,654
Amortization of premium related to Senior Notes 0 (167)
Changes in operating assets and liabilities:    
Trade accounts and other receivables (211,827) (138,948)
Inventories (455,465) (149,653)
Prepaid expenses and other current assets (3,525) 13,718
Accounts payable, accrued expenses and other current liabilities 297,271 274,932
Income taxes 10,241 66,413
Long-term pension and other postretirement obligations (3,128) (13,491)
Other operating assets and liabilities (2,847) (2,330)
Cash provided by operating activities 790,613 327,495
Cash flows from investing activities:    
Acquisitions of property, plant and equipment (342,588) (280,820)
Proceeds from property disposals 14,607 22,896
Purchase of acquired business, net of cash acquired (9,692) (953,947)
Proceeds from insurance recoveries 7,339 0
Cash used in investing activities (330,334) (1,211,871)
Cash flows from financing activities:    
Payments on revolving line of credit, long-term borrowings and finance lease obligations (370,332) (2,005,960)
Proceeds from revolving line of credit and long-term borrowings 362,541 2,951,707
Purchase of common stock under share repurchase program (199,553) 0
Payments of capitalized loan costs (3,070) (22,293)
Payment of equity distribution under Tax Sharing Agreement between JBS USA Holdings and Pilgrim’s Pride Corporation (1,961) (650)
Payments on early extinguishment of debt 0 (21,258)
Cash provided by (used in) financing activities (212,375) 901,546
Effect of exchange rate changes on cash and cash equivalents (13,932) (381)
Increase in cash, cash equivalents, restricted cash and restricted cash equivalents 233,972 16,789
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period 450,121 548,406
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period $ 684,093 $ 565,195