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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Cash flows provided by operating activities:    
Net income $ 201,007 $ 40,714
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 205,766 202,859
Restructuring and related charges (1,556) 18,347
Recognition of stock-based compensation expense and related charges 33,541 30,223
Deferred income taxes (1,869) (6,645)
Provision for allowance for doubtful accounts 2,426 10,413
Other, net 11,247 1,179
Change in operating assets and liabilities, exclusive of net assets acquired:    
Accounts receivable (791,492) (863,210)
Contract assets 27,971 (68,322)
Inventories (134,723) (286,775)
Prepaid expenses and other current assets (54,243) (31,413)
Other assets (8,142) (8,162)
Accounts payable, accrued expenses and other liabilities 575,527 981,736
Net cash provided by operating activities 65,460 20,944
Cash flows used in investing activities:    
Acquisition of property, plant and equipment (352,881) (230,393)
Proceeds and advances from sale of property, plant and equipment 110,792 23,209
Cash paid for business and intangible asset acquisitions, net of cash (18,417) (116,767)
Other, net (3,367) (1,779)
Net cash used in investing activities (263,873) (325,730)
Cash flows used in financing activities:    
Borrowings under debt agreements 200,000 1,779,801
Payments toward debt agreements (201,969) (1,787,243)
Payments to acquire treasury stock (50,029) (96,390)
Dividends paid to stockholders (13,814) (13,731)
Treasury stock minimum tax withholding related to vesting of restricted stock (21,581) (19,317)
Net cash used in financing activities (87,393) (136,880)
Effect of exchange rate changes on cash and cash equivalents (178) (1,835)
Net decrease in cash and cash equivalents (285,984) (443,501)
Cash and cash equivalents at beginning of period 1,393,557 1,163,343
Cash and cash equivalents at end of period $ 1,107,573 $ 719,842