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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Aug. 31, 2017
Cash flows from (used by) operating activities:      
Net earnings $ 198,093 $ 138,506 $ 46,332
Adjustments to reconcile net earnings to cash flows from (used by) operating activities:      
Depreciation and amortization 158,671 131,659 125,071
Amortization of acquired unfavorable contract backlog (74,784) 0 0
Share-based compensation 25,106 23,929 30,311
Deferred income taxes and other long-term taxes 49,523 14,377 (14,184)
Asset impairments 384 15,053 8,238
Provision for losses on receivables, net 388 2,510 6,049
Write-down of inventory 723 1,407 21,529
Net (gain) loss on sales of a subsidiary, assets and other (2,281) (1,322) 6,049
Loss on debt extinguishment 0 0 22,672
Amortization of interest rate swaps termination gain 0 0 (11,657)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 27,204 (10,802) (78,527)
Inventories 89,664 (43,198) (98,835)
Accounts payable, accrued expenses and other payables (15,315) (20,163) 93,478
Other operating assets and liabilities (52,851) (15,423) (63,785)
Beneficial interest in securitized accounts receivable (367,521) (670,457) (616,017)
Net cash flows from (used by) operating activities 37,004 (433,924) (523,276)
Cash flows from (used by) investing activities:      
Acquisitions, net of cash acquired (700,941) (6,980) (56,080)
Capital expenditures (138,836) (174,655) (213,120)
Proceeds from the sale of discontinued operations and other 1,893 75,482 163,449
Proceeds from insurance 4,405 27,375 0
Proceeds from the sale of property, plant and equipment 3,910 8,103 3,164
Advances under accounts receivable programs 0 226,325 193,432
Repayments under accounts receivable programs 0 (304,178) (111,701)
Beneficial interest in securitized accounts receivable 367,521 670,457 616,017
Net cash flows from (used by) investing activities (462,048) 521,929 595,161
Cash flows from (used by) financing activities:      
Proceeds from issuance of long-term debt 180,000 350,000 475,454
Proceeds from accounts receivable programs 288,896 0 0
Repayments under accounts receivable programs (296,033) 0 0
Repayments of long-term debt (127,704) (19,967) (711,850)
Cash dividends (56,537) (56,076) (55,514)
Stock issued under incentive and purchase plans, net of forfeitures (1,876) (9,302) (5,498)
Debt extinguishment costs 0 0 (22,672)
Debt issuance costs 0 (5,254) (4,449)
Other 10 31 36
Net cash flows from (used by) financing activities (13,244) 259,432 (324,493)
Effect of exchange rate changes on cash (598) (703) (1,213)
Increase (decrease) in cash and cash equivalents (438,886) 346,734 (253,821)
Cash, restricted cash and cash equivalents at beginning of year 632,615 285,881 539,702
Cash, restricted cash and cash equivalents at end of year 193,729 632,615 285,881
Supplemental information:      
Cash paid for income taxes 7,977 7,198 30,963
Cash paid for interest 65,190 39,972 65,672
Noncash activities:      
Liabilities related to additions of property, plant and equipment $ 57,640 $ 32,274 $ 51,330