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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Cash flows from operating activities:    
Net income $ 658,059 $ 539,525
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including debt cost 88,485 78,094
Allowance for credit loss 3,702 2,133
Equity in (earnings) losses of unconsolidated affiliates (5,402) 4,030
Stock-based compensation 17,676 20,323
Gain on sale of property and equipment (971) (748)
Deferred income taxes (2,103) (3,309)
Changes in operating assets and liabilities:    
Accounts receivable (169,508) (186,559)
Vehicle pooling costs (14,387) (21,268)
Inventories (2,994) 8,001
Prepaid expenses, other current and non-current assets (35,040) (29,176)
Operating lease right-of-use assets and lease liabilities 865 414
Accounts payable and accrued liabilities 6,556 27,619
Deferred revenue (13) 3,709
Income taxes receivable (10,463) 49,430
Income taxes payable 2,577 7,615
Net cash provided by operating activities 537,039 499,833
Cash flows from investing activities:    
Purchases of property and equipment (285,289) (256,719)
Cash acquired in connection with acquisition 17,662 0
Proceeds from sale of property and equipment 2,069 16,343
Investment in held to maturity securities (1,411,122) 0
Proceeds from the sale of held to maturity securities 1,430,000 0
Investment in unconsolidated affiliate (1,000) (1,993)
Net cash used in investing activities (247,680) (242,369)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 13,482 10,815
Proceeds from the issuance of Employee Stock Purchase Plan shares 5,961 5,363
Payments for employee stock-based tax withholdings (2,164) (831)
Principal payments on revolver facility (10,820) 0
Payments of finance lease obligations (11) (13)
Net cash provided by financing activities 6,448 15,334
Effect of foreign currency translation 3,746 3,918
Net increase in cash, cash equivalents, and restricted cash 299,553 276,716
Cash, cash equivalents, and restricted cash at beginning of period 957,395 1,384,236
Cash, cash equivalents, and restricted cash at end of period 1,256,948 1,660,952
Supplemental disclosure of cash flow information:    
Interest paid 2,036 706
Income taxes paid, net of refunds $ 188,480 $ 98,324