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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Cash Flows from Operating Activities:    
Net Income $ 408,606 $ 328,060
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 126,656 115,186
Goodwill Impairment 0 36,745
Deferred income taxes 2,190 8,506
Stock-based compensation expense 19,457 23,636
Net (gain) loss on marketable securities (16,496) 3,241
Net loss (gain) on sales of assets and businesses 2,576 (25,881)
Other 1,244 684
Changes in assets and liabilities, net of effect from purchases and sales of businesses:    
Decrease in receivables 430,512 202,742
Decrease (increase) in inventory 55,118 (142,069)
Decrease in prepaid expenses and other current and long-term assets 30,349 4,807
(Decrease) in accounts payable (83,960) (195,093)
(Decrease) in accrued compensation and benefits (20,049) (54,747)
Increase (decrease) in accrued losses 4,366 (2,119)
(Decrease) in other accrued liabilities (19,424) (40,690)
Cash Provided by Operating Activities 941,145 263,008
Cash Flows from Investing Activities:    
Capital expenditures (138,093) (179,725)
Acquisition of businesses, net of cash acquired (15,549) (47,542)
Purchase of marketable securities (30,591) (13,173)
Proceeds from sales of marketable securities 22,130 9,596
Proceeds from sales of assets and businesses, net 5,749 53,318
Other 2,485 2,127
Cash (Used for) Investing Activities (153,869) (175,399)
Cash Flows from Financing Activities:    
Additions to long-term and short-term debt 0 489,881
Reductions of long-term and short-term debt (516,086) (354,135)
Cash dividends (172,601) (159,841)
Repurchases of common stock (37,488) (37,500)
Shares of common stock returned for taxes (21,949) (15,252)
Payments of acquisition-related contingent consideration (1,082) (3,765)
Other (1,586) (2,689)
Cash (Used for) Financing Activities (750,792) (83,301)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (3,366) (12,110)
Net Change in Cash and Cash Equivalents 33,118 (7,802)
Cash and Cash Equivalents at Beginning of Period 215,787 201,672
Cash and Cash Equivalents at End of Period 248,905 193,870
Cash paid during the period for:    
Interest 90,770 83,248
Income Taxes, net of refunds 172,008 133,753
Supplemental Disclosures of Noncash Investing Activities:    
Capital expenditures accrued within accounts payable at quarter-end $ 12,621 $ 12,147