XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Cash flows from operating activities:    
Net income $ 167,020 $ 132,324
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 104,678 155,501
Share-based compensation 24,595 20,327
Provision for doubtful accounts 5,898 15,927
Other 2,326 3,424
Changes in operating assets and liabilities:    
Accounts receivable, net 187,536 (420,981)
Receivables from vendors, net (148,081) 14,721
Inventories 740,959 (1,243,348)
Accounts payable (1,140,046) 149,738
Other operating assets and liabilities (47,680) (148,081)
Net cash used in operating activities (102,795) (1,320,448)
Cash flows from investing activities:    
Purchases of property and equipment (37,278) (25,217)
Other 3,071 0
Net cash used in investing activities (34,207) (25,217)
Cash flows from financing activities:    
Dividends paid (33,212) (28,829)
Repurchases of common stock (114,800) (23,757)
Net borrowings on revolving credit loans 303,349 930,844
Principal payments on long term debt (21,166) (20,400)
Proceeds from issuance of common stock 2,057 2,116
Repurchases of common stock for tax withholdings on equity awards (6,681) (5,478)
Net cash provided by financing activities 129,547 854,496
Effect of exchange rate changes on cash, cash equivalents and restricted cash 23,884 6,663
Net increase (decrease) in cash, cash equivalents and restricted cash 16,429 (484,506)
Cash, cash equivalents and restricted cash at beginning of period 539,285 510,407
Cash, cash equivalents and restricted cash at end of period $ 539,285 $ 510,407