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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Cash Flows from Operating Activities:    
Net Income $ 464,318 $ 408,606
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 140,092 126,656
Deferred income taxes (47,012) 2,190
Stock-based compensation expense 21,494 19,457
Net (gain) on marketable securities (5,125) (16,496)
Net loss on sales of assets and businesses 0 2,576
Other (635) 1,244
Changes in assets and liabilities, net of effect from purchases and sales of businesses:    
Decrease in receivables 302,429 430,512
(Increase) decrease in inventory (96,539) 55,118
(Increase) decrease in prepaid expenses and other current and long-term assets (35,973) 30,349
Increase (decrease) in accounts payable 5,174 (83,960)
(Decrease) in accrued compensation and benefits (82,118) (20,049)
Increase in accrued losses 1,383 4,366
(Decrease) in other accrued liabilities (48,476) (19,424)
Cash Provided by Operating Activities 619,012 941,145
Cash Flows from Investing Activities:    
Capital expenditures (158,924) (138,093)
Acquisition of businesses, net of cash acquired (127,325) (15,549)
Purchase of marketable securities (77,640) (30,591)
Proceeds from sales of marketable securities 59,460 22,130
Proceeds from sales of assets and businesses, net 0 5,749
Other (1,236) 2,485
Cash (Used for) Investing Activities (305,665) (153,869)
Cash Flows from Financing Activities:    
Additions to long-term and short-term debt 104,047 0
Reductions of long-term and short-term debt (136,379) (516,086)
Cash dividends (190,064) (172,601)
Repurchases of common stock (52,499) (37,488)
Shares of common stock returned for taxes (17,140) (21,949)
Payments of acquisition-related contingent consideration (1,122) (1,082)
Other (1,014) (1,586)
Cash (Used for) Financing Activities (294,171) (750,792)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (14,660) (3,366)
Net Change in Cash and Cash Equivalents 4,516 33,118
Cash and Cash Equivalents at Beginning of Period 237,379 215,787
Cash and Cash Equivalents at End of Period 241,895 248,905
Cash paid during the period for:    
Interest 71,931 90,770
Income Taxes, net of refunds 180,243 172,008
Supplemental Disclosures of Noncash Investing Activities:    
Capital expenditures accrued within accounts payable at quarter-end $ 14,721 $ 12,621