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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Cash flows from operating activities:    
Net income $ 439,369 $ 430,076
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 314,917 356,643
Share-based compensation 63,724 59,809
Provision for doubtful accounts 30,338 26,270
Other (5,505) 6,988
Changes in operating assets and liabilities:    
Accounts receivable, net 724,701 (272,668)
Receivables from vendors, net 11,933 113,467
Inventories 1,704,394 (3,353,991)
Accounts payable (1,777,131) 2,220,907
Other operating assets and liabilities (310,035) 60,706
Net cash provided by (used in) operating activities 1,196,705 (351,793)
Cash flows from investing activities:    
Purchases of property and equipment (107,417) (78,522)
Other (5,740) 1,541
Net cash used in investing activities (113,157) (76,981)
Cash flows from financing activities:    
Dividends paid (98,905) (86,156)
Repurchases of common stock (277,760) (83,036)
Net (repayments) borrowings on revolving credit loans (27,457) 81,992
Principal payments on long term debt (52,746) (71,411)
Proceeds from issuance of common stock and reissuances of treasury stock 7,628 6,016
Repurchases of common stock for tax withholdings on equity awards (8,593) (5,986)
Borrowings on long-term debt 51,837 0
Other 375 (665)
Net cash used in financing activities (405,621) (159,246)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 50,089 (55,916)
Net increase (decrease) in cash, cash equivalents and restricted cash 728,016 (643,936)
Cash, cash equivalents and restricted cash at beginning of period 1,250,872 350,977
Cash, cash equivalents and restricted cash at end of period $ 1,250,872 $ 350,977