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Revenue (Tables)
 9 Months Ended
May 31, 2019
Revenue from Contract with Customer [Abstract]  
Effect of adoption of new revenue guidance
Following is a summary of the cumulative effect adjustment (in thousands):
 
Balance as of
August 31, 2018
 
Adjustments due to adoption of ASU 2014-09
 
Balance as of
September 1, 2018
 
 
 
Assets
 
 
 
 
 
Contract assets (1)
$
—

 
$
591,616

 
$
591,616

Inventories, net (1)
$
3,457,706

 
$
(461,271
)
 
$
2,996,435

Prepaid expenses and other current assets (1)(2)
$
1,141,000

 
$
(37,271
)
 
$
1,103,729

Deferred income taxes (1)(2)
$
218,252

 
$
(8,325
)
 
$
209,927

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Contract liabilities(2)(3)
$
—

 
$
690,142

 
$
690,142

Deferred income(2)(3)(4)
$
691,365

 
$
(691,365
)
 
$
—

Other accrued expenses (3)(4)
$
1,000,979

 
$
40,392

 
$
1,041,371

Deferred income taxes(1)
$
114,385

 
$
2,977

 
$
117,362

 
 
 
 
 
 
Equity
 
 
 
 
 
Retained earnings (1)(2)
$
1,760,097

 
$
42,602

 
$
1,802,699

 
(1) 
Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications.
(2) 
Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications.
(3) 
Included within accrued expenses on the Condensed Consolidated Balance Sheets.
(4) 
Differences included in contract liabilities as of September 1, 2018.
The following table presents the effect of the adoption of the new revenue guidance on the Condensed Consolidated Balance Sheets as of May 31, 2019 (in thousands):
 
 
May 31, 2019
 
 
As reported
 
Balance without the adoption of ASU 2014-09
Assets
 
 
 
 
Contract assets (1)
 
$
899,482

 
$
—

Inventories, net (1)
 
$
3,159,369

 
$
3,901,192

Prepaid expenses and other current assets (1)(2)
 
$
524,833

 
$
523,866

Deferred income taxes (1)
 
$
202,556

 
$
207,752

 
 
 
 
 
Liabilities
 
 
 
 
Contract liabilities(2)(3)
 
$
544,831

 
$
—

Deferred income(2)(3)(4)
 
$
—

 
$
544,012

Other accrued expenses (3)(4)
 
$
1,491,623

 
$
1,486,706

Deferred income taxes(1)
 
$
115,370

 
$
110,984

 
 
 
 
 
Equity
 
 
 
 
Retained earnings (1)(2)
 
$
1,996,901

 
$
1,853,592

 
(1) 
Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications.
(2) 
Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications.
(3) 
Included within accrued expenses on the Condensed Consolidated Balance Sheets.
(4) 
Differences included in contract liabilities as of September 1, 2018.
The following table presents the effect of the adoption of the new revenue guidance on the Consolidated Statement of Operations for the three months and nine months ended May 31, 2019 (in thousands):
 
Three months ended
 
Nine months ended
 
May 31, 2019
 
May 31, 2019
 
As reported
 
Balance without the adoption of ASU 2014-09
 
As reported
 
Balance without the adoption of ASU 2014-09
Net revenue (1)
$
6,135,602

 
$
6,072,984

 
$
18,708,867

 
$
18,302,187

Cost of revenue (2)
$
5,691,803

 
$
5,665,654

 
$
17,290,544

 
$
16,982,850

Operating income
$
140,918

 
$
104,449

 
$
511,611

 
$
412,625

Income tax expense
$
39,046

 
$
38,015

 
$
113,078

 
$
114,798

Net income
$
44,032

 
$
8,594

 
$
235,713

 
$
135,007

 
(1) 
Differences primarily relate to the timing of revenue recognition for over-time customers and to the recovery of fulfillment costs.
(2) 
Differences primarily relate to the timing of cost recognition for over-time customers and the recognition of fulfillment costs.
Revenues disaggregated by segment
The following table presents the Company’s revenues disaggregated by segment (in thousands):
 
 
Three months ended
 
Nine months ended
 
May 31, 2019
 
May 31, 2019
 
EMS
 
DMS
 
Total
 
EMS
 
DMS
 
Total
Timing of transfer
 
 
 
 
 
 
 
 
 
 
 
Point in time
$
699,825

 
$
1,156,213

 
$
1,856,038

 
$
1,957,349

 
$
4,722,696

 
$
6,680,045

Over time
$
3,288,664

 
$
990,900

 
$
4,279,564

 
$
9,338,970

 
$
2,689,852

 
$
12,028,822

Total
$
3,988,489

 
$
2,147,113

 
$
6,135,602

 
$
11,296,319

 
$
7,412,548

 
$
18,708,867