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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Cash flows from operating activities:    
Net income $ 826,395 $ 680,521
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including debt cost 102,333 93,141
Allowance for credit loss 1,456 (1,429)
Equity in losses (earnings) of unconsolidated affiliates 794 (2,121)
Stock-based compensation 28,932 27,145
Gain on sale of property and equipment (1,280) (1,257)
Deferred income taxes 14,582 (14,130)
Changes in operating assets and liabilities:    
Accounts receivable (109,636) (81,593)
Vehicle pooling costs (20,029) (12,777)
Inventories (13,367) (18,788)
Prepaid expenses, other current and non-current assets (37,842) 6,879
Operating lease right-of-use assets and lease liabilities 436 389
Accounts payable and accrued liabilities 45,745 47,914
Deferred revenue 388 8,467
Income taxes receivable 18,416 16,152
Income taxes payable 6,531 13,692
Net cash provided by operating activities 863,854 762,205
Cash flows from investing activities:    
Purchases of property and equipment (234,810) (364,395)
Purchase of assets in connection with acquisitions (493) 0
Proceeds from sale of property and equipment 2,622 599
Purchase of held to maturity securities (374,866) 0
Proceeds from the sale of held to maturity securities 149,977 0
Net cash used in investing activities (457,570) (363,796)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 16,108 28,829
Proceeds from the issuance of Employee Stock Purchase Plan shares 5,026 4,880
Payments for employee stock-based tax withholdings (872) (938)
Debt offering costs (1,212) 0
Payments of finance lease obligations (472) (962)
Net cash provided by financing activities 18,578 31,809
Effect of foreign currency translation (18,304) 3,954
Net increase in cash, cash equivalents, and restricted cash 406,558 434,172
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 1,454,818 911,890
Supplemental disclosure of cash flow information:    
Interest paid 14,485 14,736
Income taxes paid, net of refunds $ 195,521 $ 126,303