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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2020
Cash flows from operating activities:      
Net income $ 651,307 $ 395,069 $ 529,160
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation and amortization 463,365 151,664 341,637
Share-based compensation 91,167 53,192 33,202
Provision for doubtful accounts 34,741 (7,544) 49,281
Deferred income taxes (92,381) (322) (48,992)
Long-lived assets charges 4,726 22,166 0
Other 4,376 9,109 18,564
Changes in operating assets and liabilities, net of the impact of Concentrix separation and acquisition of businesses:      
Accounts receivable, net (1,497,995) (517,224) 12,691
Receivables from vendors, net 241,242 (113,602) 79,842
Inventories (2,636,759) (1,030,110) (128,786)
Accounts payable 2,375,952 1,854,887 685,014
Other operating assets and liabilities 310,655 (7,498) 262,753
Net cash (used in) provided by operating activities (49,604) 809,787 1,834,366
Cash flows from investing activities:      
Purchases of property and equipment (117,049) (54,892) (197,965)
Acquisition of businesses, net of cash acquired 0 (907,093) (5,560)
Other 1,541 9,637 (5,970)
Net cash used in investing activities (115,508) (952,348) (209,495)
Cash flows from financing activities:      
Dividends paid (114,946) (50,272) (20,782)
Repurchases of common stock (125,016) 0 (3,405)
Net borrowings (repayments) on revolving credit loans 96,592 (417,072) 157,866
Principal payments on long-term debt (128,728) (2,277,913) (1,304,190)
Proceeds from issuance of common stock 8,234 12,789 12,913
Repurchases of common stock for tax withholdings on equity awards (11,062) (9,923) (15,184)
Net transfer of cash and cash equivalents to Concentrix 0 (149,948) 0
Borrowings on long-term debt 0 2,545,535 892,234
Cash paid for debt issuance costs 0 (42,254) (8,521)
Other (665) (3,562) (2,627)
Net cash used in financing activities (275,591) (392,620) (291,696)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (31,354) (38,776) 4,545
Net (decrease) increase in cash, cash equivalents and restricted cash (472,057) (573,957) 1,337,721
Cash, cash equivalents and restricted cash at beginning of year 994,913 1,568,870 231,149
Cash, cash equivalents and restricted cash at end of year 522,856 994,913 1,568,870
Supplemental disclosures of cash flow information:      
Interest paid on borrowings 220,760 116,983 120,896
Income taxes paid 178,035 173,547 179,707
Supplemental disclosure of non-cash investing and financing activities:      
Issuance of stock to acquire business 0 5,614,400 0
Net assets transferred to Concentrix $ 0 $ 2,322,598 $ 0