| 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 | ||||||||||||||
477,900 | 507,900 | 491,500 | 487,200 | 479,600 | 497,800 | 456,800 | 433,700 | 409,400 | 337,400 | 345,400 | 340,200 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||
Depreciation and amortization of intangibles and debt issuance costs | ||||||||||||||
182,400 | 176,900 | 169,800 | 162,400 | 156,700 | 153,900 | 150,900 | 143,300 | 133,600 | 123,600 | 114,600 | 109,100 | 0 | 0 | 0 |
Stock-settled, stock-based compensation expense | ||||||||||||||
23,300 | 22,200 | 20,000 | 18,800 | 17,100 | 16,200 | 15,100 | 13,500 | 6,000 | 7,000 | 5,600 | 5,700 | 0 | 0 | 0 |
Earnings of joint ventures in excess of distributions | ||||||||||||||
11,300 | 16,900 | 11,100 | 13,800 | 22,100 | 30,300 | 31,200 | 35,100 | 37,000 | 28,800 | 27,200 | 22,300 | 0 | 0 | 0 |
Deferred income taxes | ||||||||||||||
24,300 | 26,800 | 33,900 | 37,500 | 50,900 | 4,900 | -1,200 | -3,600 | 5,400 | 42,500 | 21,200 | 14,800 | 0 | 0 | 0 |
Pension expense, net of contributions | ||||||||||||||
- | - | - | - | - | - | - | -5,900 | 0 | 0 | 0 | - | - | - | - |
Other | ||||||||||||||
4,800 | 3,500 | 10,200 | 7,700 | 8,700 | 6,500 | 9,900 | -2,100 | -5,000 | 2,800 | -400 | 4,800 | 0 | 0 | 0 |
Changes in operating assets and liabilities, net of acquisitions: | ||||||||||||||
Receivables | ||||||||||||||
6,100 | 52,100 | 33,500 | 25,100 | 32,300 | 29,400 | 30,500 | 40,400 | 18,500 | -7,800 | 3,300 | -1,200 | 0 | 0 | 0 |
Inventories | ||||||||||||||
5,700 | -200 | 13,400 | 15,800 | 22,900 | 35,100 | 21,100 | 23,600 | 58,000 | 47,000 | 20,000 | 26,100 | 0 | 0 | 0 |
Income taxes payable/receivable, net | ||||||||||||||
-22,400 | -2,600 | -1,100 | -16,400 | -10,200 | 10,900 | 19,800 | 13,700 | 0 | 0 | 0 | - | - | - | - |
Prepaid expenses and other current assets | ||||||||||||||
-6,900 | 6,600 | -300 | 1,900 | 11,000 | 800 | 1,200 | 15,500 | -900 | 17,000 | 5,800 | 11,900 | 0 | 0 | 0 |
Accounts payable | ||||||||||||||
-16,600 | 44,500 | 23,500 | 32,900 | 11,700 | 17,400 | -4,100 | -8,300 | 25,800 | 41,400 | 9,300 | 12,100 | 0 | 0 | 0 |
Accrued liabilities | ||||||||||||||
9,200 | 100 | -4,100 | 1,900 | -700 | 13,600 | 10,300 | 11,500 | 14,200 | 2,600 | 46,600 | 35,300 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||||||||
672,200 | 709,400 | 691,500 | 680,900 | 615,400 | 615,800 | 565,600 | 481,200 | 503,000 | 466,700 | 475,400 | 446,900 | 0 | 0 | 0 |
Cash flows from investing activities | ||||||||||||||
Acquisition of business, net of cash acquired | ||||||||||||||
0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Additions to property, plant and equipment | ||||||||||||||
217,800 | 251,900 | 297,500 | 334,200 | 346,600 | 323,200 | 289,400 | 306,800 | 287,300 | 313,600 | 332,500 | 287,400 | 0 | 0 | 0 |
Proceeds from sale of assets | ||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Other | ||||||||||||||
700 | 900 | 9,900 | 200 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used for investing activities | ||||||||||||||
-378,900 | -494,500 | -512,900 | -423,000 | -433,900 | -319,800 | -289,200 | -306,800 | -289,600 | -315,200 | -331,400 | -285,300 | 0 | 0 | 0 |
Cash flows from financing activities | ||||||||||||||
Proceeds from issuance of debt | ||||||||||||||
0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Repayments of debt and financing obligations | ||||||||||||||
336,700 | 364,500 | 364,800 | 66,700 | 66,400 | 40,200 | 40,200 | 39,200 | 49,000 | 39,700 | 33,100 | 23,800 | 0 | 0 | 0 |
Dividends paid | ||||||||||||||
117,000 | 115,800 | 114,500 | 113,300 | 112,000 | 111,400 | 110,800 | 110,200 | 0 | 0 | 0 | - | - | - | - |
Repurchase of common stock and common stock withheld to cover taxes | ||||||||||||||
53,000 | 49,800 | 39,900 | 36,400 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds (payments) of short-term borrowings, net | ||||||||||||||
-75,600 | -1,900 | 8,300 | 1,000 | 94,300 | -47,400 | 5,200 | 14,400 | -55,100 | -11,100 | 13,400 | 2,800 | 0 | 0 | 0 |
Cash distributions paid to noncontrolling interest | ||||||||||||||
- | - | - | 6,100 | 8,300 | 14,000 | 15,200 | 14,600 | 15,600 | 13,300 | 12,000 | 12,200 | 0 | 0 | 0 |
Net transfers to Conagra | ||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -38,800 | 0 | 0 | 0 |
Other | ||||||||||||||
5,000 | 1,100 | 1,000 | 2,100 | 2,500 | 4,500 | 4,100 | 2,200 | 0 | 0 | 0 | - | - | - | - |
Net cash used for financing activities | ||||||||||||||
-280,000 | -311,800 | -308,600 | -299,600 | -209,800 | -244,400 | -194,300 | -178,900 | -208,300 | -155,100 | -151,100 | -142,000 | 0 | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||||
-400 | -900 | -1,500 | -1,700 | -3,900 | -1,100 | -1,400 | 3,000 | 6,800 | 5,300 | 4,500 | 1,100 | 0 | 0 | 0 |
Net increase (decrease) in cash and cash equivalents | ||||||||||||||
12,900 | -97,800 | -131,500 | -43,400 | -32,200 | 50,500 | 80,700 | -1,500 | 11,900 | 1,700 | -2,600 | 20,700 | 0 | 0 | 0 |