XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jul. 01, 2023
Jun. 25, 2022
CASH FLOWS USED IN OPERATING ACTIVITIES:    
Net earnings $ 276,366 $ 400,984
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation 52,786 44,034
Amortization of intangibles 10,371 8,740
Expense associated with share-based and grant compensation arrangements 17,875 12,542
Deferred income taxes (credit) (319) 179
Unrealized (gain) loss on investments and other (1,291) 6,181
Equity in loss of investee 1,005 1,532
Net (gain) loss on sale and disposition of assets (182) 766
Changes in:    
Accounts receivable (183,717) (304,715)
Inventories 154,413 (134,653)
Accounts payable and cash overdraft 56,899 56,120
Accrued liabilities and other (63,142) (1,313)
NET CASH FROM OPERATING ACTIVITIES 321,064 90,397
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (84,981) (71,675)
Proceeds from sale of property, plant and equipment 789 2,029
Acquisitions, net of cash received 67 (39,343)
Purchases of investments (14,747) (15,166)
Proceeds from sale of investments 11,486 8,221
Other 2,076 (2,829)
NET CASH USED IN INVESTING ACTIVITIES (85,310) (118,763)
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Borrowings under revolving credit facilities 11,026 570,700
Repayments under revolving credit facilities (11,869) (571,075)
Repayments of debt (29) (2,485)
Contingent consideration payments and other (6,179) (2,553)
Proceeds from issuance of common stock 1,448 1,457
Dividends paid to shareholders (31,149) (28,015)
Distributions to noncontrolling interest (4,859) (2,053)
Repurchase of common stock (55,484) (90,805)
Other 48 (184)
NET CASH USED IN FINANCING ACTIVITIES (97,047) (125,013)
Effect of exchange rate changes on cash 4,579 956
NET CHANGE IN CASH AND CASH EQUIVALENTS 143,286 (152,423)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF YEAR 559,623 291,223
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD $ 702,909 $ 138,800