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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Cash flows from operating activities:    
Net income $ 172,128 $ 167,020
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 100,619 104,678
Share-based compensation 17,490 24,595
Provision for doubtful accounts 11,194 5,898
Other 1,170 2,326
Changes in operating assets and liabilities, net of acquisition of businesses:    
Accounts receivable, net 1,343,075 187,536
Receivables from vendors, net 46,380 (148,081)
Inventories 42,176 740,959
Accounts payable (926,836) (1,140,046)
Other operating assets and liabilities (422,687) (47,680)
Net cash provided by (used in) operating activities 384,709 (102,795)
Cash flows from investing activities:    
Purchases of property and equipment 41,088 37,278
Acquisition of businesses, net of cash acquired (28,443) 0
Other 1,621 3,071
Net cash used in investing activities (67,910) (34,207)
Cash flows from financing activities:    
Dividends paid (35,652) (33,212)
Proceeds from issuance of common stock and reissuances of treasury stock (2,727) (2,057)
Repurchases of common stock (199,225) (114,800)
Repurchases of common stock for tax withholdings on equity awards (4,798) (6,681)
Net (repayments) borrowings on revolving credit loans (56,055) 303,349
Principal payments on long-term debt (18,204) (21,166)
Net cash (used in) provided by financing activities (311,207) 129,547
Effect of exchange rate changes on cash and cash equivalents (8,422) 23,884
Net (decrease) increase in cash and cash equivalents (2,830) 16,429
Cash and cash equivalents at beginning of period 1,033,776 522,856
Cash and cash equivalents at end of period $ 1,030,946 $ 539,285