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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Cash flows from operating activities:    
Net income $ 324,711 $ 184,779
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 281,392 146,214
Share-based compensation 19,515 16,516
Provision for doubtful accounts 25,496 6,434
Deferred income taxes (16,789) (28,573)
Contingent consideration (19,034) 0
Unrealized foreign exchange (gains) losses (4,115) 3,279
Other 8,595 (3,363)
Changes in operating assets and liabilities, net of acquisition of businesses:    
Accounts receivable, net 148,128 (83,267)
Receivables from vendors, net 13,322 (55,829)
Inventories (390,018) 103,382
Accounts payable (119,599) (387,512)
Other operating assets and liabilities (69,131) 57,555
Net cash provided by (used in) operating activities 202,473 (40,385)
Cash flows from investing activities:    
Purchases of held-to-maturity investments 0 (58)
Proceeds from maturity of held-to-maturity investments 0 5,680
Purchases of property and equipment (93,432) (75,473)
Acquisition of businesses, net of refunds (8,647) (5,922)
Other (199) 1,342
Net cash used in investing activities (102,279) (74,431)
Cash flows from financing activities:    
Proceeds from borrowings 5,620,134 6,930,712
Repayments of borrowings (5,834,258) (7,045,471)
Dividends paid (57,491) (41,832)
Decrease in book overdraft 336 (4,711)
Repurchases of common stock (15,184) (55,985)
Proceeds from issuance of common stock 3,134 4,074
Repurchases of common stock for tax withholdings on equity awards (994) (1,722)
Lender fees for term loan drawn subsequent to period end 0 (7,963)
Settlement of contingent consideration (13,966) 0
Other (107) (164)
Net cash used in financing activities (298,397) (223,062)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 3,575 (7,802)
Net decrease in cash, cash equivalents and restricted cash (194,628) (345,680)
Cash, cash equivalents and restricted cash at beginning of period 462,033 556,742
Cash, cash equivalents and restricted cash at end of period 267,405 211,062
Supplemental disclosure of non-cash investing activities:    
Accrued costs for property and equipment purchases $ 2,905 $ 3,439