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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Cash Flows From Operating Activities:    
Net Income $ 308,670 $ 183,818
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Depreciation and amortization 72,506 77,572
Restructuring charges, net of payments (2,291) (1,713)
Fair value adjustments to contingent earnout obligations 2,712  
Deferred income taxes 1,786 (5,426)
Stock-based compensation expense 21,118 13,034
Net (gain) on marketable securities (20,172) (8,741)
Other (194) (705)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:    
Decrease in receivables 91,027 183,782
Decrease (increase) in inventory 21,655 (41,129)
Decrease in prepaid expenses and other current and long-term assets 8,782 8,524
Increase (decrease) in accounts payable 8,331 (70,712)
(Decrease) in accrued compensation and benefits (28,919) (53,589)
Increase in accrued losses 3,377 1,894
Increase in other accrued liabilities 89,020 13,644
Other 2,095 (90)
Cash Provided By Operating Activities 579,503 300,163
Cash Flows From Investing Activities:    
Capital expenditures (70,943) (71,393)
Acquisition of businesses, net of cash acquired (113,618) (36,281)
Purchase of marketable securities (23,292) (14,332)
Proceeds from sales of marketable securities 21,189 13,100
Other 703 2,183
Cash (Used For) Investing Activities (185,961) (106,723)
Cash Flows From Financing Activities:    
Additions to long-term and short-term debt 15 539,277
Reductions of long-term and short-term debt (256,096) (542,744)
Cash dividends (96,019) (92,040)
Repurchases of common stock   (100,000)
Shares of common stock returned for taxes (15,729) (10,155)
Payments of acquisition-related contingent consideration (2,218) (187)
Other   (664)
Cash (Used For) Financing Activities (370,047) (206,513)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 16,034 (1,922)
Net Change in Cash and Cash Equivalents 39,529 (14,995)
Cash and Cash Equivalents at Beginning of Period 233,416 223,168
Cash and Cash Equivalents at End of Period 272,945 208,173
Cash paid during the period for:    
Interest 41,347 58,953
Income Taxes, net of refunds $ 95,069 $ 73,322