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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
May 31, 2024
May 31, 2023
May 31, 2022
Cash Flows From Operating Activities:      
Net Income $ 589,442,000 $ 479,731,000 $ 492,466,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 171,251,000 154,949,000 153,074,000
Restructuring charges, net of payments     (2,516,000)
Goodwill impairment 0 36,745,000 0
Fair value adjustments to contingent earnout obligations     3,253,000
Deferred income taxes (5,638,000) 6,236,000 (25,067,000)
Stock-based compensation expense 25,925,000 28,673,000 40,114,000
Net (gain) loss on marketable securities (19,914,000) 2,086,000 17,706,000
Net (gain) on sales of assets and businesses (971,000) (28,632,000) (51,983,000)
Other 2,226,000 1,683,000 (66,000)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:      
Decrease (increase) in receivables 82,895,000 (94,585,000) (187,299,000)
Decrease (increase) in inventory 179,843,000 66,805,000 (304,197,000)
Decrease (increase) in prepaid expenses and other current and long-term assets 23,426,000 1,364,000 (13,040,000)
(Decrease) increase in accounts payable (24,439,000) (116,053,000) 101,223,000
Increase (decrease) in accrued compensation and benefits 39,891,000 (2,643,000) 9,737,000
Increase (decrease) in accrued losses 5,958,000 2,231,000 (3,956,000)
Increase (decrease) in other accrued liabilities 52,410,000 38,515,000 (50,718,000)
Cash Provided By Operating Activities 1,122,305,000 577,105,000 178,731,000
Cash Flows From Investing Activities:      
Capital expenditures (213,970,000) (254,435,000) (222,403,000)
Acquisition of businesses, net of cash acquired (15,549,000) (47,542,000) (127,457,000)
Purchase of marketable securities (32,981,000) (18,674,000) (15,032,000)
Proceeds from sales of marketable securities 46,689,000 12,731,000 21,533,000
Proceeds from sales of assets and businesses 6,921,000 58,288,000 76,590,000
Other 2,450,000 (72,000) 7,222,000
Cash (Used For) Investing Activities (206,440,000) (249,704,000) (259,547,000)
Cash Flows From Financing Activities:      
Additions to long-term and short-term debt   341,720,000 437,564,000
Reductions of long-term and short-term debt (575,408,000) (355,463,000) (101,505,000)
Cash dividends (231,883,000) (213,912,000) (204,394,000)
Repurchase of common stock (54,978,000) (50,000,000) (52,500,000)
Shares of common stock returned for taxes (24,548,000) (17,047,000) (11,549,000)
Payments of acquisition-related contingent consideration (1,142,000) (3,765,000) (5,774,000)
Other (2,075,000) (2,689,000) (4,452,000)
Cash (Used For) Provided By Financing Activities (890,034,000) (301,156,000) 57,390,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents (4,239,000) (12,130,000) (21,606,000)
Net Change in Cash and Cash Equivalents 21,592,000 14,115,000 (45,032,000)
Cash and Cash Equivalents at Beginning of Period 215,787,000 201,672,000 246,704,000
Cash and Cash Equivalents at End of Period 237,379,000 215,787,000 201,672,000
Cash paid during the year for:      
Interest 116,650,000 113,953,000 81,838,000
Income taxes, net of refunds 203,607,000 134,436,000 172,254,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities:      
Capital expenditures accrued within accounts payable at year-end $ 24,632,000 $ 34,470,000 $ 27,237,000