XML 23 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Cash flows from operating activities:    
Net income $ 63,919 $ 86,701
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 194,633 188,901
Restructuring and related charges 6,812 12,640
Recognition of stock-based compensation expense and related charges 44,974 (291)
Deferred income taxes (11,507) (16,495)
Other, net 3,812 4,421
Change in operating assets and liabilities, exclusive of net assets acquired:    
Accounts receivable (125,627) (170,932)
Inventories (320,814) (32,520)
Prepaid expenses and other current assets (250,857) (218,379)
Other assets (13,549) (34,987)
Accounts payable, accrued expenses and other liabilities 354,617 332,881
Net cash (used in) provided by operating activities (53,587) 151,940
Cash flows from investing activities:    
Acquisition of property, plant and equipment (218,617) (163,866)
Proceeds and advances from sale of property, plant and equipment 20,330 1,472
Cash paid for business and intangible asset acquisitions, net of cash (95,858)  
Other, net (1,067) (2,033)
Net cash used in investing activities (295,212) (164,427)
Cash flows from financing activities:    
Borrowings under debt agreements 1,792,000 1,676,000
Payments toward debt agreements (1,748,599) (1,685,151)
Payments to acquire treasury stock (93,309) (114,165)
Dividends paid to stockholders (16,231) (16,059)
Treasury stock minimum tax withholding related to vesting of restricted stock (20,745) (9,119)
Other, net (3,912)  
Net cash used in financing activities (90,796) (148,494)
Effect of exchange rate changes on cash and cash equivalents (4,066) (3,663)
Net decrease in cash and cash equivalents (443,661) (164,644)
Cash and cash equivalents at beginning of period 1,189,919 912,059
Cash and cash equivalents at end of period $ 746,258 $ 747,415