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Balance Sheet Components | 12 Months Ended
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Nov. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
BALANCE SHEET COMPONENTS | BALANCE SHEET COMPONENTS: Accounts receivable, net: The following table summarizes accounts receivable, net:
| As of November 30,
| 2024 |  | 2023
| (currency in thousands)
Accounts receivable | $ | 10,443,290 |  |  | $ | 10,448,567 |
Less: Allowance for doubtful accounts | (101,665) |  |  | (150,753) |
Accounts receivable, net | $ | 10,341,625 |  |  | $ | 10,297,814 |
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, 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 |
Additions | 862 |
Write-offs, recoveries, reclassifications and foreign exchange translation | (49,950) |
Balance as of November 30, 2024 | $ | 101,665 |
Property and equipment, net: The following table summarizes property and equipment, net:
| As of November 30,
| 2024 |  | 2023
| (currency in thousands)
Land | $ | 27,384 |  |  | $ | 27,871 |
Equipment, computers and software | 483,948 |  |  | 513,030 |
Furniture and fixtures | 64,103 |  |  | 64,429 |
Buildings, building improvements and leasehold improvements | 239,918 |  |  | 236,479 |
Construction-in-progress | 1,230 |  |  | 17,681 |
Total property and equipment, gross | $ | 816,583 |  |  | $ | 859,490 |
Total accumulated depreciation | (359,559) |  |  | (409,466) |
Property and equipment, net | $ | 457,024 |  |  | $ | 450,024 |
Depreciation and amortization expense for fiscal years 2024, 2023 and 2022, was $115.2 million, $124.6 million and $164.2 million, respectively. Fiscal years 2024, 2023 and 2022 include accelerated depreciation and amortization expense of $5.5 million, $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, 2024
| Americas |  | Europe |  | APJ |  | Total
| (currency in thousands)
Balance, beginning of year | $ | 2,480,078 |  |  | $ | 1,349,740 |  |  | $ | 74,352 |  |  | $ | 3,904,170 |
Additions from acquisitions | 13,247 |  |  | 6,309 |  |  | 5,157 |  |  | 24,713 |
Foreign exchange translation | 444 |  |  | (33,496) |  |  | (754) |  |  | (33,806) |
Balance, end of year | $ | 2,493,769 |  |  | $ | 1,322,553 |  |  | $ | 78,755 |  |  | $ | 3,895,077 |
Intangible assets, net: The following table summarizes intangible assets, net:
| As of November 30, 2024 |  | As of November 30, 2023
| Gross Amounts |  | Accumulated Amortization |  | Net Amounts |  | Gross Amounts |  | Accumulated Amortization |  | Net Amounts
| (currency in thousands)
Intangible assets with indefinite lives: |  |  |  |  |  |  |  |  |  |  |
Trade name | $ | 1,018,208 |  |  | $ | — |  |  | $ | 1,018,208 |  |  | $ | 1,033,378 |  |  | $ | — |  |  | $ | 1,033,378 |
Intangible assets with finite lives: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 3,858,727 |  |  | $ | (1,001,886) |  |  | $ | 2,856,841 |  |  | $ | 3,898,701 |  |  | $ | (741,388) |  |  | $ | 3,157,313 |
Vendor lists | 175,865 |  |  | (144,692) |  |  | 31,173 |  |  | 177,737 |  |  | (132,440) |  |  | 45,297 |
Other intangible assets | 28,100 |  |  | (22,055) |  |  | 6,045 |  |  | 28,579 |  |  | (20,253) |  |  | 8,326 |
| $ | 5,080,900 |  |  | $ | (1,168,633) |  |  | $ | 3,912,267 |  |  | $ | 5,138,395 |  |  | $ | (894,081) |  |  | $ | 4,244,314 |
Amortization expense for fiscal years 2024, 2023 and 2022, was $292.3 million, $293.7 million and $299.2 million, respectively. Estimated future amortization expense of the Company’s intangible assets is as follows:
Fiscal years ending November 30, | (currency in thousands)
2025 | $ | 286,585 |
2026 | 283,890 |
2027 | 280,837 |
2028 | 264,655 |
2029 | 262,696 |
Thereafter | 1,515,396 |
Total | $ | 2,894,059 |

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