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Condensed Consolidated Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 403,104 $ 266,695
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,874 19,350
Share-based compensation 18,659 15,802
Non-cash contribution to 401(k) plan 5,154 4,543
Deferred income tax Provision 3,966 3,177
Other income from investment in unconsolidated entity (16,267) (9,172)
Other, net 1,969 1,776
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (198,011) (113,017)
Inventories, net (170,662) 34,448
Accounts payable and other liabilities 263,752 158,094
Other, net (12,866) (8,918)
Net cash provided by operating activities 319,672 372,778
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (129,462) 0
Capital expenditures (16,770) (11,608)
Proceeds from sale of property and equipment 108 61
Proceeds from sale of equity securities 5,993 0
Net cash used in investing activities (140,131) (11,547)
Cash flows from financing activities:    
Dividends on Common and Class B common stock (219,440) (197,454)
Net repayments of finance lease liabilities (1,482) (1,003)
Repurchases of common stock to satisfy employee withholding tax obligations (894) (2,299)
Payment of fees related to revolving credit agreement (22) (189)
Net proceeds (repayments) under revolving credit agreement 1,724 (155,032)
Net proceeds from issuances of common stock 11,173 13,207
Proceeds from non-controlling interest for investment in TEC Distribution LLC 21,040
Net cash used in financing activities (187,901) (342,770)
Effect of foreign exchange rate changes on cash and cash equivalents (506) (315)
Net (decrease) increase in cash and cash equivalents (8,866) 18,146
Cash and cash equivalents at beginning of period 146,067 74,454
Cash and cash equivalents at end of period 137,201 $ 92,600
ACME Refrigeration LLC [Member]    
Supplemental cash flow information:    
Common stock issued 2,551  
Makdad Industrial Supply Co Inc [Member]    
Supplemental cash flow information:    
Common stock issued $ 997