XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Cash flows from operating activities:    
Net income $ 361,176 $ 332,532
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including debt cost 54,862 43,350
Allowance for credit loss 1,094 1,049
Equity in losses of unconsolidated affiliates (20) (4,764)
Stock-based compensation 10,415 8,317
Gain on sale of property and equipment (133) (1,050)
Deferred income taxes 1,740 (988)
Changes in operating assets and liabilities:    
Accounts receivable (49,093) (77,086)
Vehicle pooling costs (15,218) (4,377)
Inventories (8,652) (3,669)
Prepaid expenses, other current and non-current assets 59,026 (40,543)
Operating lease right-of-use assets and lease liabilities 883 366
Accounts payable and accrued liabilities 59,826 38,153
Deferred revenue (2,564) 1,101
Income taxes receivable 1 6,135
Income taxes payable 8,931 76,720
Net cash provided by operating activities 482,274 375,246
Cash flows from investing activities:    
Purchases of property and equipment (236,758) (162,260)
Purchase of assets and liabilities in connection with acquisitions (1,257)  
Purchase of assets and liabilities in connection with acquisitions   17,662
Proceeds from sale of property and equipment 243 924
Proceeds from the sale of held to maturity securities 1,940,000 1,380,000
Investment in unconsolidated affiliate 0 (1,001)
Net cash provided by investing activities 1,702,228 1,235,325
Cash flows from financing activities:    
Proceeds from the exercise of stock options 2,857 8,123
Payments for employee stock-based tax withholdings (720) (711)
Payments of finance lease obligations 0 (5)
Net cash provided by financing activities 2,137 7,407
Effect of foreign currency translation (2,632) 6,194
Net increase in cash, cash equivalents, and restricted cash 2,184,007 1,624,172
Cash, cash equivalents, and restricted cash at beginning of period 1,514,111 957,395
Cash, cash equivalents, and restricted cash at end of period 3,698,118 2,581,567
Supplemental disclosure of cash flow information:    
Interest paid 10 96
Income taxes paid, net of refunds $ 80,826 $ 9,066