XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Cash flows from operating activities:    
Net income $ 167,537 $ 172,128
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 99,710 100,619
Share-based compensation 21,861 17,490
Provision for doubtful accounts 6,366 11,194
Other 4,373 1,170
Changes in operating assets and liabilities, net of acquisition of businesses:    
Accounts receivable, net 854,220 1,343,075
Receivables from vendors, net (16,640) 46,380
Inventories (102,861) 42,176
Accounts payable (1,970,112) (926,836)
Other operating assets and liabilities 187,549 (422,687)
Net cash (used in) provided by operating activities (747,997) 384,709
Cash flows from investing activities:    
Purchases of property and equipment (41,525) (41,088)
Acquisition of businesses, net of cash acquired (3,793) (28,443)
Other 786 1,621
Net cash used in investing activities (44,532) (67,910)
Cash flows from financing activities:    
Dividends paid (37,220) (35,652)
Proceeds from reissuance of treasury stock 9,781 2,727
Repurchases of common stock (100,510) (199,225)
Repurchases of common stock for tax withholdings on equity awards (4,250) (4,798)
Net borrowings (repayments) on revolving credit loans 421,422 (56,055)
Principal payments on long-term debt (627) (18,204)
Net cash provided by (used in) financing activities 288,596 (311,207)
Effect of exchange rate changes on cash and cash equivalents (13,582) (8,422)
Net decrease in cash and cash equivalents (517,515) (2,830)
Cash and cash equivalents at beginning of period 1,059,378 1,033,776
Cash and cash equivalents at end of period $ 541,863 $ 1,030,946