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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net earnings $ 203,131 $ 157,212
Adjustments to reconcile net earnings to net cash (used in) operating activities:    
Depreciation and amortization 42,204 42,151
Provision for losses on accounts receivable 4,295 5,781
Non-cash stock-based compensation 16,524 13,950
Deferred income taxes (5,554) 3,374
Amortization of debt discount and issuance costs 4,894 12,615
Other adjustments 933 (4,753)
Changes in assets and liabilities:    
Increase in accounts receivable (230,049) (85,853)
Increase in inventories (51,526) (88,119)
Increase in other assets (14,926) (20,844)
Decrease in accounts payable (171,257) (119,525)
Decrease in accrued expenses and other liabilities (4,554) (33,777)
Net cash (used in) operating activities: (205,885) (117,788)
Cash flows from investing activities:    
Proceeds from sale of assets 1,318 29,221
Purchases of property and equipment (59,270) (28,011)
Acquisitions, net of cash and cash equivalents acquired (68,248) 0
Net cash (used in) provided by investing activities: (126,200) 1,210
Cash flows from financing activities:    
Net borrowings under inventory financing facilities 23,017 76,422
Repurchases of common stock (25,008) (50,000)
Other payments (12,798) (9,330)
Net cash provided by financing activities: 377,505 99,092
Foreign currency exchange effect on cash, cash equivalents and restricted cash balances (12,710) (3,601)
Increase (decrease) in cash, cash equivalents and restricted cash 32,710 (21,087)
Cash, cash equivalents and restricted cash at beginning of period 105,977 130,582
Cash, cash equivalents and restricted cash at end of period 138,687 109,495
ABL Facility    
Cash flows from financing activities:    
Borrowings on ABL revolving credit facility 3,825,923 3,167,044
Repayments on ABL revolving credit facility $ (3,433,629) $ (3,085,044)