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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Dec. 29, 2018
Operating activities:          
Net income $ 153,972 $ 140,633 $ 233,454 $ 220,042  
Adjustments to reconcile net income to net cash from operating activities:          
Depreciation and amortization of long-lived assets     64,489 65,493  
Amortization of debt issuance costs     4,758 4,627  
Stock compensation expense     7,247 3,033  
Deferred taxes and other     9,968 (6,709)  
Changes in assets and liabilities, net of acquisition of business:          
Accounts receivable     (137,445) (81,512)  
Inventories     (178,453) (244,743)  
Other assets     (27,354) (6,193)  
Accounts payable     7,699 68,777  
Accrued pension and postretirement benefits     (18,321) (7,438)  
Accrued liabilities and other     (23,405) (79,775)  
Net cash from operating activities     (57,363) (64,398)  
Investing activities:          
Capital expenditures     (58,285) (40,640)  
Proceeds from sales of assets     518 1,840  
Acquisition of business, net of cash acquired     0 (334,916)  
Net cash from investing activities     (57,767) (373,716)  
Financing activities:          
Borrowings on notes payable     162,592 153,901  
Repayments on notes payable     (163,703) (153,772)  
Borrowings on Accounts Receivable Securitization Facility     123,812 114,477  
Repayments on Accounts Receivable Securitization Facility     (95,110) (86,300)  
Borrowings on Revolving Loan Facilities     1,602,500 2,025,860  
Repayments on Revolving Loan Facilities     (1,422,500) (1,498,000)  
Repayments on Term Loan Facilities     (141,623) (21,250)  
Borrowings on International Debt     7,141 0  
Repayments on International Debt     (27,941) (1,105)  
Cash dividends paid     (108,449) (108,115)  
Payment of contingent consideration     0 (3,540)  
Taxes paid related to net shares settlement of equity awards     (1,157) (4,185)  
Other     217 (88)  
Net cash from financing activities     (64,221) 417,883  
Effect of changes in foreign exchange rates on cash     4,282 20,176  
Change in cash, cash equivalents and restricted cash     (175,069) (55)  
Cash, cash equivalents and restricted cash at beginning of year     455,732 421,566 $ 421,566
Cash, cash equivalents and restricted cash at end of period 280,663 421,511 280,663 421,511 455,732
Less restricted cash at end of period 22,722 23,540 22,722 23,540  
Cash and cash equivalents per balance sheet at end of period $ 257,941 $ 397,971 257,941 $ 397,971 433,022
Property, plant and equipment expenditures included in accounts payable     $ 7,053   $ 20,275