| Feb'20 | Nov'19 | Aug'19 | May'19 | Feb'19 | Nov'18 | Aug'18 | May'18 | Feb'18 | Nov'17 | Aug'17 | May'17 | Feb'17 | Nov'16 | Aug'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||||||
Net income | ||||||||||||||
111,400 | 140,400 | 115,700 | 110,400 | 141,400 | 124,000 | 111,400 | 102,800 | 159,600 | 83,000 | 88,300 | 78,500 | 87,600 | 91,000 | 83,100 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||
Depreciation and amortization of intangibles and debt issuance costs | ||||||||||||||
45,800 | 45,700 | 46,000 | 44,900 | 40,300 | 38,600 | 38,600 | 39,200 | 37,500 | 35,600 | 31,000 | 29,500 | 27,500 | 26,600 | 25,500 |
Stock-settled, stock-based compensation expense | ||||||||||||||
5,600 | 7,200 | 5,400 | 5,100 | 4,500 | 5,000 | 4,200 | 3,400 | 3,600 | 3,900 | 2,600 | -4,100 | 4,600 | 2,500 | 2,700 |
Earnings of joint ventures in excess of distributions | ||||||||||||||
-1,100 | 7,100 | 500 | 4,800 | 4,500 | 1,300 | 3,200 | 13,100 | 12,700 | 2,200 | 7,100 | 15,000 | 4,500 | 600 | 2,200 |
Deferred income taxes | ||||||||||||||
8,100 | 6,900 | 10,300 | -1,000 | 10,600 | 14,000 | 13,900 | 12,400 | -35,400 | 7,900 | 11,500 | 21,400 | 1,700 | -13,400 | 5,100 |
Pension expense, net of contributions | ||||||||||||||
- | - | - | - | - | - | - | -10,100 | 300 | 1,900 | 2,000 | - | - | - | - |
Other | ||||||||||||||
-800 | -3,600 | 5,600 | 3,600 | -2,100 | 3,100 | 3,100 | 4,600 | -4,300 | 6,500 | -8,900 | 1,700 | 3,500 | 3,300 | -3,700 |
Changes in operating assets and liabilities, net of acquisitions: | ||||||||||||||
Receivables | ||||||||||||||
-30,900 | 28,200 | 27,000 | -18,200 | 15,100 | 9,600 | 18,600 | -11,000 | 12,200 | 10,700 | 28,500 | -32,900 | -14,100 | 21,800 | 24,000 |
Inventories | ||||||||||||||
-38,800 | 169,000 | -35,600 | -88,900 | -44,700 | 182,600 | -33,200 | -81,800 | -32,500 | 168,600 | -30,700 | -47,400 | -43,500 | 141,600 | -24,600 |
Income taxes payable/receivable, net | ||||||||||||||
-9,400 | -7,300 | 24,800 | -30,500 | 10,400 | -5,800 | 9,500 | -24,300 | 31,500 | 3,100 | 3,400 | - | - | - | - |
Prepaid expenses and other current assets | ||||||||||||||
44,500 | -3,000 | -43,300 | -5,100 | 58,000 | -9,900 | -41,100 | 4,000 | 47,800 | -9,500 | -26,800 | -12,400 | 65,700 | -20,700 | -20,700 |
Accounts payable | ||||||||||||||
-124,300 | 118,700 | 7,700 | -18,700 | -63,200 | 97,700 | 17,100 | -39,900 | -57,500 | 76,200 | 12,900 | -5,800 | -41,900 | 44,100 | 15,700 |
Accrued liabilities | ||||||||||||||
27,700 | 100 | -28,400 | 9,800 | 18,600 | -4,100 | -22,400 | 7,200 | 32,900 | -7,400 | -21,200 | 9,900 | 21,300 | 36,600 | -32,500 |
Net cash provided by operating activities | ||||||||||||||
90,400 | 106,800 | 238,500 | 236,500 | 127,600 | 88,900 | 227,900 | 171,000 | 128,000 | 38,700 | 143,500 | 192,800 | 91,700 | 47,400 | 115,000 |
Cash flows from investing activities | ||||||||||||||
Acquisition of business, net of cash acquired | ||||||||||||||
0 | -200 | 116,900 | - | - | - | - | - | - | - | - | - | - | - | - |
Additions to property, plant and equipment | ||||||||||||||
39,700 | 37,800 | 50,300 | 90,000 | 73,800 | 83,400 | 87,000 | 102,400 | 50,400 | 49,600 | 104,400 | 82,900 | 76,700 | 68,500 | 59,300 |
Proceeds from sale of assets | ||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 1,000 | 1,000 |
Other | ||||||||||||||
-500 | -10,500 | 9,500 | 2,200 | -300 | -1,500 | -200 | - | - | - | - | - | - | - | - |
Net cash used for investing activities | ||||||||||||||
-49,600 | -63,500 | -176,700 | -89,100 | -165,200 | -81,900 | -86,800 | -100,000 | -51,100 | -51,300 | -104,400 | -82,800 | -76,700 | -67,500 | -58,300 |
Cash flows from financing activities | ||||||||||||||
Proceeds from issuance of debt | ||||||||||||||
0 | 0 | 299,300 | - | - | - | - | - | - | - | - | - | - | - | - |
Repayments of debt and financing obligations | ||||||||||||||
9,000 | 9,100 | 309,000 | 9,600 | 36,800 | 9,400 | 10,900 | 9,300 | 10,600 | 9,400 | 9,900 | 19,100 | 1,300 | 2,800 | 600 |
Dividends paid | ||||||||||||||
29,200 | 29,300 | 29,200 | 29,300 | 28,000 | 28,000 | 28,000 | 28,000 | 27,400 | 27,400 | 27,400 | - | - | - | - |
Repurchase of common stock and common stock withheld to cover taxes | ||||||||||||||
11,100 | 10,400 | 7,400 | 24,100 | 7,900 | 500 | 3,900 | - | - | - | - | - | - | - | - |
Proceeds (payments) of short-term borrowings, net | ||||||||||||||
11,300 | -6,900 | 8,300 | -88,300 | 85,000 | 3,300 | 1,000 | 5,000 | -56,700 | 55,900 | 10,200 | -64,500 | -12,700 | 80,400 | -400 |
Cash distributions paid to noncontrolling interest | ||||||||||||||
- | - | - | 0 | 0 | 3,200 | 2,900 | 2,200 | 5,700 | 4,400 | 2,300 | 3,200 | 3,400 | 3,100 | 2,500 |
Net transfers to Conagra | ||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 | 0 | -20,900 | -17,900 |
Other | ||||||||||||||
3,900 | 400 | -300 | 1,000 | 0 | 300 | 800 | 1,400 | 2,000 | -100 | -1,100 | - | - | - | - |
Net cash used for financing activities | ||||||||||||||
-34,100 | -38,700 | -54,900 | -152,300 | -65,900 | -35,500 | -45,900 | -62,500 | -100,500 | 14,600 | -30,500 | -91,900 | -47,300 | 18,600 | -21,400 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||||
-400 | 200 | -100 | -100 | -900 | -400 | -300 | -2,300 | 1,900 | -700 | 4,100 | 1,500 | 400 | -1,500 | 700 |
Net increase (decrease) in cash and cash equivalents | ||||||||||||||
6,300 | 4,800 | 6,800 | -5,000 | -104,400 | -28,900 | 94,900 | 6,200 | -21,700 | 1,300 | 12,700 | 19,600 | -31,900 | -3,000 | 36,000 |