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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended 5 Months Ended 12 Months Ended
Dec. 29, 2013
Successor
Sep. 26, 2013
Predecessor
Apr. 28, 2013
Predecessor
Apr. 29, 2012
Predecessor
May 01, 2011
Predecessor
Cash flows from operating activities:          
Net income (loss) $ 34.7 $ 51.9 $ 183.8 $ 361.3 $ 521.0
Adjustments to reconcile net cash flows from operating activities:          
(Income) loss from equity method investments 2.6 0.5 (15.0) 9.9 (50.1)
Depreciation and amortization 55.4 106.5 239.9 242.8 231.9
Gain on fire insurance recovery 0 0 0 0 (120.6)
Impact of inventory fair value step-up on cost of sales 45.4 0 0 0 0
Deferred income taxes 14.5 (3.7) (5.3) 90.2 158.2
Impairment of assets 0.5 2.0 4.2 2.9 9.2
Pension expense 11.9 44.8 96.1 57.2 82.0
Pension contributions (9.1) (9.7) (17.7) (142.8) (128.5)
Changes in operating assets and liabilities and other, net:          
Accounts receivable (37.8) (86.0) (39.9) 47.8 (63.8)
Inventories 199.8 (108.7) (273.9) (89.8) (178.4)
Prepaid expenses and other current assets (66.7) 72.8 52.0 (68.1) 132.2
Accounts payable 107.0 64.2 14.7 2.5 36.6
Accrued expenses and other current liabilities 151.7 (150.3) (15.9) 12.6 (72.6)
Other (50.6) (10.1) (50.3) 43.6 59.3
Net cash flows from operating activities 459.3 (25.8) 172.7 570.1 616.4
Cash flows from investing activities:          
Acquisition of Smithfield Foods, Inc. (4,896.6) 0 0 0 0
Capital expenditures (69.9) (139.8) (278.0) (290.7) (176.8)
Business acquisition, net of cash acquired 0 (32.8) (24.0) 0 0
Dispositions 0 0 0 0 261.5
Insurance proceeds 0 0 0 0 120.6
Net disposals (additions) of breeding stock 5.1 (5.3) (18.4) (2.3) 26.2
Proceeds from the sale of property, plant and equipment 2.3 1.7 16.9 6.4 22.8
Other 0 (10.0) (0.2) 0 0
Net cash flows from investing activities (4,959.1) (186.2) (303.7) (286.6) 254.3
Cash flows from financing activities:          
Net proceeds from equity contributions 4,162.1 0 0 0 0
Proceeds from the issuance of long-term debt 900.3 0 1,219.2 0 0
Principal payments on long-term debt and capital lease obligations (218.7) (458.7) (716.5) (152.7) (944.5)
Proceeds from Securitization Facility 240.0 170.0 0 0 0
Payments on Securitization Facility (255.0) (50.0) 0 0 0
Net borrowings (repayments) on revolving credit facilities and notes payables (367.9) 490.3 13.9 (0.3) 21.6
Repurchase of common stock 0 0 (386.4) (189.5) 0
Cash posted as collateral 0 0 0 23.9 (23.9)
Debt issuance costs and other (20.4) 0.1 (14.5) (9.8) 1.2
Net cash flows from financing activities 4,440.4 151.7 115.7 (328.4) (945.6)
Effect of foreign exchange rate changes on cash 2.3 0.2 1.6 (5.5) (1.6)
Net change in cash and cash equivalents (57.1) (60.1) (13.7) (50.4) (76.5)
Cash and cash equivalents 250.5 310.6 324.3 374.7 451.2
Cash and cash equivalents $ 193.4 $ 250.5 $ 310.6 $ 324.3 $ 374.7