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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Cash flows from operating activities:    
Net income $ 494,289 $ 439,369
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 305,094 314,917
Share-based compensation 47,096 63,724
Provision for doubtful accounts 2,040 30,338
Other 8,927 (5,505)
Changes in operating assets and liabilities, net of acquisition of businesses:    
Accounts receivable, net 307,690 724,701
Receivables from vendors, net 104,152 11,933
Inventories (488,505) 1,704,394
Accounts payable 464,199 (1,777,131)
Other operating assets and liabilities (589,199) (310,035)
Net cash provided by operating activities 655,783 1,196,705
Cash flows from investing activities:    
Purchases of property and equipment (126,052) (107,417)
Acquisition of businesses, net of cash acquired (32,422) 0
Settlement of net investment hedges (14,840) (556)
Other (8,259) (5,184)
Net cash used in investing activities (181,573) (113,157)
Cash flows from financing activities:    
Dividends paid (104,055) (98,905)
Proceeds from issuance of common stock and reissuances of treasury stock 11,040 7,628
Repurchases of common stock (509,881) (277,760)
Repurchases of common stock for tax withholdings on equity awards (7,728) (8,593)
Net borrowings (repayments) on revolving credit loans 105,289 (27,457)
Principal payments on long-term debt (1,485,608) (52,746)
Borrowings on long term debt 1,349,376 51,837
Cash paid for debt issuance costs (13,869) 0
Other 0 375
Net cash used in financing activities (655,436) (405,621)
Effect of exchange rate changes on cash and cash equivalents 1,373 50,089
Net (decrease) increase in cash and cash equivalents (179,853) 728,016
Cash and cash equivalents at beginning of period 1,033,776 522,856
Cash and cash equivalents at end of period $ 853,923 $ 1,250,872