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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Cash Flows from Operating Activities:    
Net Income $ 293,160 $ 347,136
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 114,295 109,119
Restructuring charges, net of payments (2,341) (3,830)
Fair value adjustments to contingent earnout obligations 2,470 1,829
Deferred income taxes (16,908) 24,473
Stock-based compensation expense 29,287 31,157
Net loss (gain) on marketable securities 10,032 (29,652)
Net (gain) on sales of assets (42,491) 0
Other 112 (394)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:    
Decrease in receivables 170,513 181,032
(Increase) in inventory (273,519) (57,702)
Decrease in prepaid expenses and other current and long-term assets 506 19,133
(Decrease) increase in accounts payable (9,884) 31,825
(Decrease) in accrued compensation and benefits (47,442) (1,107)
(Decrease) increase in accrued losses (2,985) 3,054
(Decrease) in other accrued liabilities (68,854) (7,615)
Other   3,448
Cash Provided by Operating Activities 155,951 651,906
Cash Flows from Investing Activities:    
Capital expenditures (152,401) (103,226)
Acquisition of businesses, net of cash acquired (116,457) (114,355)
Purchase of marketable securities (13,674) (30,784)
Proceeds from sales of marketable securities 9,004 28,773
Proceeds from sales of assets 51,913 0
Other (55) 1,664
Cash (Used for) Investing Activities (221,670) (217,928)
Cash Flows from Financing Activities:    
Additions to long-term and short-term debt 300,967 0
Reductions of long-term and short-term debt (72,493) (249,518)
Cash dividends (152,575) (145,457)
Repurchases of common stock (27,500) (24,628)
Shares of common stock returned for taxes (10,906) (17,083)
Payments of acquisition-related contingent consideration (5,774) (2,218)
Other (3,824) (786)
Cash Provided by(Used for) Financing Activities 27,895 (439,690)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (15,689) 21,510
Net Change in Cash and Cash Equivalents (53,513) 15,798
Cash and Cash Equivalents at Beginning of Period 246,704 233,416
Cash and Cash Equivalents at End of Period 193,191 249,214
Cash paid during the period for:    
Interest 58,129 58,672
Income Taxes, net of refunds $ 130,862 $ 117,546