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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Cash flows from operating activities:    
Net income $ 547,775 $ 393,725
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including debt cost 65,627 60,898
Allowance for credit loss 1,695 213
Equity in losses (earnings) of unconsolidated affiliates 685 (1,343)
Stock-based compensation 19,114 17,778
Gain on sale of property and equipment (755) (1,145)
Deferred income taxes 6,003 9,442
Changes in operating assets and liabilities:    
Accounts receivable (152,763) (111,148)
Vehicle pooling costs (29,623) (19,099)
Inventories (8,589) (9,772)
Prepaid expenses and other current and non-current assets (19,889) 5,802
Operating lease right-of-use assets and lease liabilities 657 470
Accounts payable and accrued liabilities 10,741 10,041
Deferred revenue (309) 6,098
Income taxes receivable 4,577 20,243
Income taxes payable 1,655 10,838
Other liabilities (53) 0
Net cash provided by operating activities 446,548 393,041
Cash flows from investing activities:    
Purchases of property and equipment (156,200) (283,214)
Purchase of assets in connection with acquisitions (469) 0
Proceeds from sale of property and equipment 1,252 129
Purchase of held to maturity securities (374,866) 0
Net cash used in investing activities (530,283) (283,085)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 11,985 23,112
Proceeds from the issuance of Employee Stock Purchase Plan shares 5,022 4,880
Payments for employee stock-based tax withholdings (599) (787)
Payments of finance lease obligations (314) (622)
Net cash provided by financing activities 16,094 26,583
Effect of foreign currency translation (8,968) 2,146
Net increase in cash, cash equivalents, and restricted cash (76,609) 138,685
Cash, cash equivalents, and restricted cash at beginning of period 1,048,260 477,718
Cash, cash equivalents, and restricted cash at end of period 971,651 616,403
Supplemental disclosure of cash flow information:    
Interest paid 9,311 7,614
Income taxes paid, net of refunds $ 128,972 $ 64,860