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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Document Period End Date Sep. 30, 2017  
Cash Flows from Operations    
Net Income $ 80,678 $ 70,987
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 36,231 35,158
Deferred income taxes (6,659) 2,585
Net gains on disposal of property (270) (1,786)
Net income attributable to noncontrolling interests (229) (178)
Changes in assets and liabilities:    
Trade receivables (86,433) (73,623)
Merchandise inventory (94,141) (83,059)
Other current assets 1,489 5,632
Other non-current assets (2,503) 24,369
Trade accounts payable 83,768 16,571
Accrued payroll and benefit costs (36,019) (21,835)
Other current liabilities 20,875 17,673
Other non-current liabilities (24,646) (51,832)
Total adjustments to net income (108,537) (130,325)
Net cash used by operations (27,859) (59,338)
Cash Flows from Investing Activities    
Proceeds from disposal of property 2,015 3,301
Capital expenditures for property (26,674) (24,820)
Acquisition of business, net of cash acquired 0 (59,946)
Net cash used by investing activities (24,659) (81,465)
Cash Flows from Financing Activities    
Net increase in short-term borrowings 76,139 168,871
Repayment of long-term debt 0 (1,853)
Principal payments under capital leases (3,613) (4,116)
Sale of common stock 15,558 15,192
Purchases of common stock (11,424) (8,793)
Sales of noncontrolling interests’ common stock 627 0
Purchases of noncontrolling interests’ common stock (392) (356)
Dividends paid (15,910) (14,962)
Net cash provided by financing activities 60,985 153,983
Net Increase in Cash 8,467 13,180
Cash, Beginning of Year 43,339 37,931
Cash, End of Period 51,806 51,111
Non-cash Investing and Financing Activities    
Acquisitions of equipment under capital leases $ 1,407 $ 314