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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Cash flows from operating activities:    
Net income $ 889,956 $ 826,395
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including debt cost 115,320 102,333
Allowance for credit loss 1,480 1,456
Equity in losses of unconsolidated affiliates 5,446 794
Stock-based compensation 30,404 28,932
Gain on sale of property and equipment (965) (1,280)
Deferred income taxes (3,236) 14,582
Changes in operating assets and liabilities:    
Accounts receivable (115,098) (109,636)
Vehicle pooling costs (7,300) (20,029)
Inventories 14,870 (13,367)
Prepaid expenses, other current and non-current assets (33,830) (37,842)
Operating lease right-of-use assets and lease liabilities 595 436
Accounts payable and accrued liabilities 30,314 45,745
Deferred revenue 5,516 388
Income taxes receivable 49,430 18,416
Income taxes payable 22,731 6,531
Net cash provided by operating activities 1,005,633 863,854
Cash flows from investing activities:    
Purchases of property and equipment (346,524) (234,810)
Purchase of assets in connection with acquisitions 0 (493)
Proceeds from sale of property and equipment 20,509 2,622
Investment in unconsolidated affiliate (2,744) 0
Purchase of held to maturity securities 0 (374,866)
Proceeds from the sale of held to maturity securities 0 149,977
Net cash used in investing activities (328,759) (457,570)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 27,220 16,108
Proceeds from the issuance of Employee Stock Purchase Plan shares 5,363 5,026
Payments for employee stock-based tax withholdings (3,026) (872)
Proceeds from revolving loan facility 21,481 0
Debt offering costs 0 (1,212)
Payments of finance lease obligations (18) (472)
Net cash provided by financing activities 51,020 18,578
Effect of foreign currency translation 2,053 (18,304)
Net increase in cash, cash equivalents, and restricted cash 729,947 406,558
Cash, cash equivalents, and restricted cash at beginning of period 1,384,236 1,048,260
Cash, cash equivalents, and restricted cash at end of period 2,114,183 1,454,818
Supplemental disclosure of cash flow information:    
Interest paid 1,586 14,485
Income taxes paid, net of refunds $ 171,438 $ 195,521