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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
May 31, 2024
May 31, 2023
Cash flows from operating activities:    
Net income $ 315,733 $ 300,107
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 206,906 209,632
Share-based compensation 30,920 43,282
Provision for doubtful accounts 4,922 19,511
Other 5,639 1,745
Changes in operating assets and liabilities, net of acquisition of businesses:    
Accounts receivable, net 1,385,250 1,204,467
Receivables from vendors, net 128,921 (153,380)
Inventories 24,836 1,339,409
Accounts payable (1,145,971) (2,063,255)
Other operating assets and liabilities (687,155) (296,768)
Net cash provided by operating activities 270,001 604,750
Cash flows from investing activities:    
Purchases of property and equipment (78,910) (67,609)
Acquisition of businesses, net of cash acquired (26,238) 0
Other 4,351 3,071
Net cash used in investing activities (100,797) (64,538)
Cash flows from financing activities:    
Dividends paid (69,843) (66,223)
Proceeds from issuance of common stock and reissuances of treasury stock 5,507 5,334
Repurchases of common stock (453,375) (174,791)
Repurchases of common stock for tax withholdings on equity awards (6,287) (7,765)
Net (repayments) borrowings on revolving credit loans (45,433) 29,424
Principal payments on long-term debt (784,714) (33,441)
Borrowings on long term debt 1,349,376 0
Cash paid for debt issuance costs (12,715) 0
Other 0 375
Net cash used in financing activities (17,484) (247,087)
Effect of exchange rate changes on cash and cash equivalents (11,848) 36,098
Net increase in cash and cash equivalents 139,872 329,223
Cash and cash equivalents at beginning of period 1,033,776 522,856
Cash and cash equivalents at end of period $ 1,173,648 $ 852,079