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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2022
Cash flows from operating activities:      
Net income $ 689,091 $ 626,911 $ 651,307
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 407,532 418,315 463,365
Share-based compensation 69,201 84,983 91,167
Provision for doubtful accounts 862 44,742 34,741
Deferred income taxes (28,813) (91,572) (92,381)
Impairment of long-lived assets 0 0 4,726
Other 2,635 (2,757) 4,376
Changes in operating assets and liabilities, net of acquisition of businesses:      
Accounts receivable, net (195,615) (656,630) (1,497,995)
Receivables from vendors, net (6,606) (127,046) 241,242
Inventories (1,214,505) 2,032,202 (2,636,759)
Accounts payable 1,930,252 (971,747) 2,375,952
Other operating assets and liabilities (436,310) 49,972 310,655
Net cash provided by (used in) operating activities 1,217,724 1,407,373 (49,604)
Cash flows from investing activities:      
Proceeds from sale of fixed assets 42,890 0 0
Purchases of property and equipment (175,112) (150,007) (117,049)
Acquisition of businesses, net of cash acquired (43,677) 0 0
Payments for (Proceeds from) Hedge, Investing Activities (14,840) (556) 0
Other (3,099) (5,848) 1,541
Net cash used in investing activities (193,838) (156,411) (115,508)
Cash flows from financing activities:      
Dividends paid (138,081) (130,374) (114,946)
Proceeds from issuance of common stock and reissuances of treasury stock 11,996 8,846 8,234
Repurchases of common stock (611,892) (620,659) (125,016)
Repurchases of common stock for tax withholdings on equity awards (24,703) (18,926) (11,062)
Net (repayments) borrowings on revolving credit loans (39,530) (2,571) 96,592
Principal payments on long-term debt (1,486,397) (74,408) (128,728)
Borrowings on long-term debt 1,349,376 51,837 0
Cash paid for debt issuance costs (13,869) 0 0
Other 0 375 (665)
Net cash used in financing activities (953,100) (785,880) (275,591)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (45,184) 45,838 (31,354)
Net increase (decrease) in cash, cash equivalents and restricted cash 25,602 510,920 (472,057)
Cash, cash equivalents and restricted cash at beginning of year 1,033,776 522,856 994,913
Cash, cash equivalents and restricted cash at end of year 1,059,378 1,033,776 522,856
Supplemental disclosures of cash flow information:      
Interest paid on borrowings 358,828 318,236 220,760
Income taxes paid $ 240,931 $ 282,512 $ 178,035