XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 573,085 $ 405,358
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation 68,881 61,741
Amortization of intangibles 13,448 9,369
Expense associated with share-based and grant compensation arrangements 19,979 8,444
Deferred income taxes (credit) (269) (594)
Unrealized loss (gain) on investments and other 8,453 (1,756)
Equity in loss of investee 2,740 2,411
Net loss (gain) on sale and disposition of assets 352 (10,482)
Changes in:    
Accounts receivable (137,607) (141,088)
Inventories (36,259) (204,144)
Accounts payable and cash overdraft (11,247) 53,437
Accrued liabilities and other 31,490 99,067
NET CASH FROM OPERATING ACTIVITIES 533,046 281,763
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (113,725) (110,092)
Proceeds from sale of property, plant and equipment 2,303 26,597
Acquisitions and purchases of non-controlling interest, net of cash received (105,212) (433,275)
Purchases of investments (16,925) (17,866)
Proceeds from sale of investments 10,036 9,857
Other 911 (3,478)
NET CASH USED IN INVESTING ACTIVITIES (222,612) (528,257)
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Borrowings under revolving credit facilities 570,700 886,966
Repayments under revolving credit facilities (571,075) (888,335)
Repayments of debt (1,957)  
Contingent consideration payments and other (2,564) (2,664)
Proceeds from issuance of common stock 2,110 1,519
Dividends paid to shareholders (43,420) (27,831)
Distributions to noncontrolling interest (12,023) (2,914)
Repurchase of common stock (93,215)  
Other (210) (334)
NET CASH USED IN FINANCING ACTIVITIES (151,654) (33,593)
Effect of exchange rate changes on cash (139) (292)
NET CHANGE IN CASH AND CASH EQUIVALENTS 158,641 (280,379)
Cash, cash equivalents, and restricted cash, beginning of period 291,223 436,608
Cash, cash equivalents, and restricted cash, end of period $ 449,864 $ 156,229