XML 19 R7.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
May 31, 2019
May 31, 2018
Cash flows provided by (used in) operating activities:    
Net income $ 235,713 $ 144,149
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 574,922 583,646
Restructuring and related charges (3,555) 14,838
Recognition of stock-based compensation expense and related charges 47,452 74,977
Deferred income taxes 14,008 (39,762)
Provision for allowance for doubtful accounts 10,734 20,577
Other, net 34,204 (4,059)
Change in operating assets and liabilities, exclusive of net assets acquired:    
Accounts receivable (528,597) (1,692,208)
Contract assets (865,408) 0
Inventories 349,252 (379,658)
Prepaid expenses and other current assets 6,910 (98,160)
Other assets (16,700) (21,542)
Accounts payable, accrued expenses and other liabilities 253,721 20,897
Net cash provided by (used in) operating activities 112,656 (1,376,305)
Cash flows (used in) provided by investing activities:    
Acquisition of property, plant and equipment (789,226) (819,167)
Proceeds and advances from sale of property, plant and equipment 167,653 246,370
Cash paid for business and intangible asset acquisitions, net of cash (153,239) (109,664)
Cash receipts on sold receivables 96,846 1,571,156
Other, net (26,129) (2,360)
Net cash (used in) provided by investing activities (704,095) 886,335
Cash flows provided by (used in) financing activities:    
Borrowings under debt agreements 9,482,468 6,847,756
Payments toward debt agreements (9,073,684) (6,472,728)
Payments to acquire treasury stock (350,323) (316,394)
Dividends paid to stockholders (39,736) (44,274)
Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan 14,582 12,844
Treasury stock minimum tax withholding related to vesting of restricted stock (11,898) (22,526)
Other, net (1,500) (11,876)
Net cash provided by (used in) financing activities 19,909 (7,198)
Effect of exchange rate changes on cash and cash equivalents 7,667 (15,259)
Net decrease in cash and cash equivalents (563,863) (512,427)
Cash and cash equivalents at beginning of period 1,257,949 1,189,919
Cash and cash equivalents at end of period $ 694,086 $ 677,492