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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 5 Months Ended 12 Months Ended
Dec. 29, 2013
Sep. 26, 2013
Jan. 03, 2016
Dec. 28, 2014
Apr. 28, 2013
Cash flows from operating activities:          
Net Income (Loss) Attributable to Parent     $ 452.3 $ 556.1  
Successor          
Cash flows from operating activities:          
Net Income (Loss) Attributable to Parent $ 34.7   452.3 556.1  
Adjustments to reconcile net cash flows from operating activities:          
(Income) loss from equity method investments 2.6   (11.7) (58.2)  
Depreciation and amortization 55.4   234.1 230.8  
Impact of inventory fair value step-up on cost of sales 45.4   0.0    
Deferred income taxes 14.5   63.9 62.0  
Impairment of assets 0.5   3.3 6.2  
Pension Expense 11.9   44.3 50.6  
Pension Contributions (9.1)   (231.6) (173.7)  
Changes in operating assets and liabilities and other, net:          
Accounts receivable (37.8)   83.5 (91.7)  
Inventories 199.8   141.5 17.9  
Prepaid expenses and other current assets (66.7)   66.8 (22.5)  
Accounts payable 107.0   19.8 77.4  
Accrued expenses and other current liabilities 151.7   82.7 92.8  
Other (50.6)   (151.1) 65.4  
Net cash flows from operating activities 459.3   797.8 813.1  
Cash flows from investing activities:          
Acquisition of Smithfield Foods, Inc. (4,896.6)   0.0 0.0  
Proceeds from Sale of Equity Method Investments 0.0   354.0 0.0  
Capital expenditures (69.9)   (375.2) (301.4)  
Business acquisition, net of cash acquired 0.0   0.0 (11.0)  
Net disposals (additions) of breeding stock 5.1   (53.2) 13.3  
Payments to Acquire Other Property, Plant, and Equipment 0.0   (43.5) 0.0  
Sale Leaseback Transaction, Net Proceeds, Financing Activities 0.0   42.5 0.0  
Proceeds from the sale of property, plant and equipment 2.3   6.4 3.8  
Other 0.0   (6.0) 3.6  
Net cash flows from investing activities (4,959.1)   (75.0) (291.7)  
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   0.0 13.0  
Principal payments on long-term debt and capital lease obligations (218.7)   (410.1) (34.5)  
Proceeds from Securitization Facility 240.0   290.0 255.0  
Payments on Securitization Facility (255.0)   (290.0) (360.0)  
Net borrowings (repayments) on revolving credit facilities and notes payables (367.9)   (6.4) (159.6)  
Repurchase of common stock 0.0   0.0 0.0  
Dividends 0.0   (30.0) 0.0  
Debt issuance costs and other (20.4)   0.0 (0.2)  
Net cash flows from financing activities 4,440.4   (446.5) (286.3)  
Effect of foreign exchange rate changes on cash 2.3   (4.9) 5.0  
Net change in cash and cash equivalents (57.1)   271.4 240.1  
Cash and cash equivalents 250.5   433.5 193.4  
Cash and cash equivalents 193.4 $ 250.5 $ 704.9 $ 433.5  
Predecessor          
Cash flows from operating activities:          
Net Income (Loss) Attributable to Parent   51.9     $ 183.8
Adjustments to reconcile net cash flows from operating activities:          
(Income) loss from equity method investments   0.5     (15.0)
Depreciation and amortization   106.5     239.9
Impact of inventory fair value step-up on cost of sales   0.0     0.0
Deferred income taxes   (3.7)     (5.3)
Impairment of assets   2.0     4.2
Pension Expense   44.8     96.1
Pension Contributions   (9.7)     (17.7)
Changes in operating assets and liabilities and other, net:          
Accounts receivable   (86.0)     (39.9)
Inventories   (108.7)     (273.9)
Prepaid expenses and other current assets   72.8     52.0
Accounts payable   64.2     14.7
Accrued expenses and other current liabilities   (150.3)     (15.9)
Other   (10.1)     (50.3)
Net cash flows from operating activities   (25.8)     172.7
Cash flows from investing activities:          
Acquisition of Smithfield Foods, Inc.   0.0     0.0
Proceeds from Sale of Equity Method Investments   0.0     0.0
Capital expenditures   (139.8)     (278.0)
Business acquisition, net of cash acquired   (32.8)     (24.0)
Net disposals (additions) of breeding stock   (5.3)     (18.4)
Payments to Acquire Other Property, Plant, and Equipment   0.0     0.0
Sale Leaseback Transaction, Net Proceeds, Financing Activities   0.0     0.0
Proceeds from the sale of property, plant and equipment   1.7     16.9
Other   (10.0)     (0.2)
Net cash flows from investing activities   (186.2)     (303.7)
Cash flows from financing activities:          
Net proceeds from equity contributions   0.0     0.0
Proceeds from the issuance of long-term debt   0.0     1,219.2
Principal payments on long-term debt and capital lease obligations   (458.7)     (716.5)
Proceeds from Securitization Facility   170.0     0.0
Payments on Securitization Facility   (50.0)     0.0
Net borrowings (repayments) on revolving credit facilities and notes payables   490.3     13.9
Repurchase of common stock   0.0     (386.4)
Dividends   0.0     0.0
Debt issuance costs and other   0.1     (14.5)
Net cash flows from financing activities   151.7     115.7
Effect of foreign exchange rate changes on cash   0.2     1.6
Net change in cash and cash equivalents   (60.1)     (13.7)
Cash and cash equivalents $ 250.5 310.6     324.3
Cash and cash equivalents   $ 250.5     $ 310.6