XML 35 R19.htm IDEA: XBRL DOCUMENT
v3.23.4

Balance Sheet Components | 12 Months Ended
--- | ---
Nov. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
BALANCE SHEET COMPONENTS | BALANCE SHEET COMPONENTS: Cash, cash equivalents and restricted cash: The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same amounts shown in the Consolidated Statements of Cash Flows:
| As of November 30,
| 2023 |  | 2022
| (currency in thousands)
Cash and cash equivalents | $ | 1,033,776 |  |  | $ | 522,604 |
Restricted cash included in other current assets | — |  |  | 252 |
Cash, cash equivalents and restricted cash | $ | 1,033,776 |  |  | $ | 522,856 |
Accounts receivable, net: The following table summarizes accounts receivable, net:
| As of November 30,
| 2023 |  | 2022
| (currency in thousands)
Accounts receivable | $ | 10,448,567 |  |  | $ | 9,550,741 |
Less: Allowance for doubtful accounts | (150,753) |  |  | (129,742) |
Accounts receivable, net | $ | 10,297,814 |  |  | $ | 9,420,999 |
Receivables from vendors, net: The following table summarizes receivables from vendors, net:
| As of November 30,
| 2023 |  | 2022
| (currency in thousands)
Receivables from vendors | $ | 976,453 |  |  | $ | 831,539 |
Less: Allowance for doubtful accounts | (12,119) |  |  | (12,404) |
Receivables from vendors, net | $ | 964,334 |  |  | $ | 819,135 |
Allowance for doubtful trade receivables: The following table summarizes the changes to the allowance for doubtful trade receivables (currency in thousands):
Balance as of November 30, 2020 | $ | 67,361 |
Acquisitions | 75,362 |
Additions | (7,544) |
Write-offs, recoveries, reclassifications and foreign exchange translation | (20,343) |
Balance as of November 30, 2021 | 114,836 |
Additions | 34,741 |
Write-offs, recoveries, reclassifications and foreign exchange translation | (19,835) |
Balance as of November 30, 2022 | 129,742 |
Additions | 44,742 |
Write-offs, recoveries, reclassifications and foreign exchange translation | (23,731) |
Balance as of November 30, 2023 | $ | 150,753 |
Allowance for receivables from vendors: The following table summarizes the changes to the allowance for receivables from vendors (currency in thousands):
Balance as of November 30, 2020 | $ | 5,126 |
Acquisitions | 7,524 |
Additions | 588 |
Write-offs, reclassifications and foreign exchange translation | (2,110) |
Balance as of November 30, 2021 | 11,128 |
Additions | 1,497 |
Write-offs, reclassifications and foreign exchange translation | (221) |
Balance as of November 30, 2022 | 12,404 |
Additions | (106) |
Write-offs, reclassifications and foreign exchange translation | (179) |
Balance as of November 30, 2023 | $ | 12,119 |
Property and equipment, net: The following table summarizes property and equipment, net:
| As of November 30,
| 2023 |  | 2022
| (currency in thousands)
Land | $ | 27,871 |  |  | $ | 27,311 |
Equipment, computers and software | 513,030 |  |  | 414,359 |
Furniture and fixtures | 64,429 |  |  | 59,349 |
Buildings, building improvements and leasehold improvements | 236,479 |  |  | 219,859 |
Construction-in-progress | 17,681 |  |  | 6,859 |
Total property and equipment, gross | $ | 859,490 |  |  | $ | 727,737 |
Total accumulated depreciation | (409,466) |  |  | (306,673) |
Property and equipment, net | $ | 450,024 |  |  | $ | 421,064 |
Depreciation and amortization expense for fiscal years 2023, 2022 and 2021, was $124.6 million, $164.2 million and $44.2 million, respectively. Fiscal years 2023 and 2022 include accelerated depreciation and amortization expense of $17.4 million and $64.4 million, respectively, due to changes in asset useful lives in conjunction with the consolidation of certain IT systems, which is recorded in "Acquisition, integration and restructuring costs" in the Consolidated Statements of Operations. Goodwill: The following table summarizes changes in the carrying amount of goodwill:
| Fiscal Year Ended November 30, 2023
| Americas |  | Europe |  | APJ |  | Total
| (currency in thousands)
Balance, beginning of year | $ | 2,451,826 |  |  | $ | 1,277,226 |  |  | $ | 74,798 |  |  | $ | 3,803,850 |
Dispositions upon sale of subsidiaries | (3,128) |  |  | — |  |  | — |  |  | (3,128) |
Foreign exchange translation | 31,380 |  |  | 72,514 |  |  | (446) |  |  | 103,448 |
Balance, end of year | $ | 2,480,078 |  |  | $ | 1,349,740 |  |  | $ | 74,352 |  |  | $ | 3,904,170 |
Intangible assets, net: The following table summarizes intangible assets, net:
| As of November 30, 2023 |  | As of November 30, 2022
| Gross Amounts |  | Accumulated Amortization |  | Net Amounts |  | Gross Amounts |  | Accumulated Amortization |  | Net Amounts
| (currency in thousands)
Intangible assets with indefinite lives: |  |  |  |  |  |  |  |  |  |  |
Trade name | $ | 1,033,378 |  |  | $ | — |  |  | $ | 1,033,378 |  |  | $ | 1,003,974 |  |  | $ | — |  |  | $ | 1,003,974 |
Intangible assets with finite lives: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 3,898,701 |  |  | $ | (741,388) |  |  | $ | 3,157,313 |  |  | $ | 3,800,710 |  |  | $ | (453,439) |  |  | $ | 3,347,271 |
Vendor lists | 177,737 |  |  | (132,440) |  |  | 45,297 |  |  | 176,910 |  |  | (115,814) |  |  | 61,096 |
Other intangible assets | 28,579 |  |  | (20,253) |  |  | 8,326 |  |  | 28,215 |  |  | (17,679) |  |  | 10,536 |
| $ | 5,138,395 |  |  | $ | (894,081) |  |  | $ | 4,244,314 |  |  | $ | 5,009,809 |  |  | $ | (586,932) |  |  | $ | 4,422,877 |
Amortization expense for fiscal years 2023, 2022 and 2021, was $293.7 million, $299.2 million and $105.3 million, respectively. Estimated future amortization expense of the Company’s intangible assets is as follows:
Fiscal years ending November 30, | (currency in thousands)
2024 | $ | 290,907 |
2025 | 287,510 |
2026 | 284,724 |
2027 | 281,641 |
2028 | 265,319 |
Thereafter | 1,800,835 |
Total | $ | 3,210,936 |
Accumulated other comprehensive income (loss) The following table summarizes the components of accumulated other comprehensive income (loss) ("AOCI"), net of taxes:
(currency in thousands) |  |  | Unrealized gains (losses) on cash flow hedges, net of taxes |  | Foreign currency translation adjustment and other, net of taxes |  | Total
Balance, beginning of year |  |  | $ | 6,169 |  |  | $ | (725,879) |  |  | $ | (719,710) |
Other comprehensive income (loss) before reclassification |  |  | 702 |  |  | 219,209 |  |  | 219,911 |
Reclassification of (gains) losses from other comprehensive income (loss) |  |  | (6,871) |  |  | (578) |  |  | (7,449) |
Balance, end of year |  |  | $ | — |  |  | $ | (507,248) |  |  | $ | (507,248) |
Refer to Note 9 – Derivative Instruments for the location of gains and losses reclassified from accumulated other comprehensive income (loss) to the Consolidated Statements of Operations. The reclassification of the net foreign currency translation adjustment realized upon sale of a foreign subsidiary was recorded within selling, general and administrative expenses in the Consolidated Statements of Operations.

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration