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Condensed Consolidated Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 536,398 $ 546,566
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,406 23,440
Share-based compensation 20,791 22,017
Non-cash contribution to 401(k) plan 8,862 6,746
Deferred income tax provision 5,892 6,311
Other income from investment in unconsolidated entity (20,384) (17,289)
Other, net 2,841 5,672
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (184,106) (170,746)
Inventories, net (143,746) (276,653)
Accounts payable and other liabilities 17,608 212,829
Other, net (6,222) (13)
Net cash provided by operating activities 263,340 358,880
Cash flows from investing activities:    
Capital expenditures (25,500) (26,526)
Business acquisitions, net of cash acquired (3,827) (47)
Proceeds from sale of property and equipment 1,277 167
Net cash used in investing activities (28,050) (26,406)
Cash flows from financing activities:    
Net proceeds under current revolving credit agreement 105,600 0
Net proceeds from issuances of Common stock under employee-related plans 20,373 16,635
Net proceeds from the sale of Common stock 15,179 0
Payment of fees related to revolving credit agreement (837) 0
Repurchases of common stock to satisfy employee withholding tax obligations (2,639) (2,471)
Net repayments of finance lease liabilities (2,794) (2,206)
Net repayments under prior revolving credit agreement (56,400) (80,200)
Dividends on Common and Class B common stock (286,122) (247,242)
Net cash used in financing activities (207,640) (315,484)
Effect of foreign exchange rate changes on cash and cash equivalents (133) (5,030)
Net increase in cash and cash equivalents 27,517 11,960
Cash and cash equivalents at beginning of period 147,505 118,268
Cash and cash equivalents at end of period 175,022 130,228
Supplemental cash flow information:    
Common stock issued for Gateway Supply Company, Inc. $ 102,343 $ 0