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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
May 31, 2025
May 31, 2024
Cash flows from operating activities:    
Net income $ 352,458 $ 315,733
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 203,305 206,906
Share-based compensation 33,811 30,920
Provision for doubtful accounts 10,942 4,922
Other 5,952 5,639
Changes in operating assets and liabilities, net of acquisition of businesses:    
Accounts receivable, net 460,250 1,385,250
Receivables from vendors, net (7,041) 128,921
Inventories (214,637) 24,836
Accounts payable (870,147) (1,145,971)
Other operating assets and liabilities (149,708) (687,155)
Net cash (used in) provided by operating activities (174,815) 270,001
Cash flows from investing activities:    
Purchases of property and equipment (71,768) (78,910)
Acquisition of businesses, net of cash acquired (4,459) (26,238)
Other 5,149 4,351
Net cash used in investing activities (71,078) (100,797)
Cash flows from financing activities:    
Dividends paid (74,118) (69,843)
Proceeds from reissuance of treasury stock 12,513 5,507
Repurchases of common stock (249,328) (453,375)
Repurchases of common stock for tax withholdings on equity awards (8,832) (6,287)
Net borrowings (repayments) on revolving credit loans 208,708 (45,433)
Principal payments on long-term debt (15,541) (784,714)
Borrowings on long term debt 0 1,349,376
Net cash used in financing activities (126,598) (17,484)
Effect of exchange rate changes on cash and cash equivalents 80,212 (11,848)
Net (decrease) increase in cash and cash equivalents (292,279) 139,872
Cash and cash equivalents at beginning of period 1,059,378 1,033,776
Cash and cash equivalents at end of period 767,099 1,173,648
Cash paid for debt issuance costs $ 0 $ (12,715)