XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Cash Flows From Operating Activities:    
Net Income $ 347,136 $ 195,907
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Depreciation and amortization 109,119 113,520
Restructuring charges, net of payments (3,830) (132)
Fair value adjustments to contingent earnout obligations 1,829  
Deferred income taxes 24,473 2,505
Stock-based compensation expense 31,157 18,881
Net (gain) on marketable securities (29,652) (3,063)
Other (394) (371)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:    
Decrease in receivables 181,032 282,052
(Increase) in inventory (57,702) (73,566)
Decrease in prepaid expenses and other current and long-term assets 19,133 19,747
Increase (decrease) in accounts payable 31,825 (70,286)
(Decrease) in accrued compensation and benefits (1,107) (38,468)
Increase in accrued losses 3,054 3,120
(Decrease) in other accrued liabilities (7,615) (68,906)
Other 3,448 237
Cash Provided By Operating Activities 651,906 381,177
Cash Flows From Investing Activities:    
Capital expenditures (103,226) (105,430)
Acquisition of businesses, net of cash acquired (114,355) (65,102)
Purchase of marketable securities (30,784) (17,076)
Proceeds from sales of marketable securities 28,773 21,325
Other 1,664 2,203
Cash (Used For) Investing Activities (217,928) (164,080)
Cash Flows From Financing Activities:    
Additions to long-term and short-term debt   698,256
Reductions of long-term and short-term debt (249,518) (664,040)
Cash dividends (145,457) (138,784)
Repurchases of common stock (24,628) (100,000)
Shares of common stock returned for taxes (17,083) (16,579)
Payments of acquisition-related contingent consideration (2,218) (227)
Other (786) (665)
Cash (Used For) Financing Activities (439,690) (222,039)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 21,510 (5,984)
Net Change in Cash and Cash Equivalents 15,798 (10,926)
Cash and Cash Equivalents at Beginning of Period 233,416 223,168
Cash and Cash Equivalents at End of Period 249,214 212,242
Cash paid during the period for:    
Interest 58,672 79,541
Income Taxes, net of refunds $ 117,546 $ 89,042