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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2022
Operating Activities      
Net earnings $ 414.0 $ 358.8 $ 332.8
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 98.4 92.3 93.8
Equity in earnings of affiliates, net of distributions (4.7) (1.0) 0.3
Deferred income taxes (24.3) (15.3) (1.4)
Stock-based compensation expense 22.0 20.4 20.4
Other, net 3.7 7.3 10.6
Changes in operating assets and liabilities, excluding effect of acquired businesses:      
Accounts receivable, net (39.4) 30.1 (100.8)
Inventories, net (65.6) 99.8 (147.8)
Prepaid expenses and other current assets (28.3) 16.8 (10.5)
Accounts payable 80.3 (39.0) 51.1
Income taxes payable 4.4 (11.5) 4.9
Deferred revenue (5.3) 2.1 8.3
Accrued employee compensation and related taxes and other current liabilities 37.3 (16.3) (8.9)
Net cash provided by operating activities 492.5 544.5 252.8
Investing Activities      
Purchases of property, plant and equipment (85.6) (118.5) (85.5)
Proceeds from sale of property, plant and equipment 0.7 0.4 0.4
Acquisitions, net of cash acquired (2.0) (209.2) (68.9)
Net cash used in investing activities (86.9) (327.3) (154.0)
Financing Activities      
Proceeds from long-term debt 119.7 189.2 289.3
Repayments of long-term debt (228.8) (219.6) (90.0)
Change in short-term borrowings (5.7) 30.4 (43.9)
Purchase of treasury stock (162.7) (141.8) (170.6)
Payment of contingent consideration (1.7) 0.0 0.0
Dividends paid (122.8) (114.4) (110.1)
Tax withholding for stock compensation transactions (8.0) (4.3) (1.8)
Exercise of stock options 54.1 38.3 12.9
Net cash used in financing activities (355.9) (222.2) (114.2)
Effect of exchange rate changes on cash (4.1) (1.2) (14.1)
Increase (decrease) in cash and cash equivalents 45.6 (6.2) (29.5)
Cash and cash equivalents, beginning of year 187.1 193.3 222.8
Cash and cash equivalents, end of year 232.7 187.1 193.3
Supplemental Cash Flow Information      
Income taxes paid 147.8 140.9 102.4
Interest paid 23.4 20.9 12.2
Supplemental Disclosure of Non-Cash Operating and Investing Transactions      
Accrued property, plant and equipment additions 14.2 18.5 16.3
Leased assets obtained in exchange for new operating lease liabilities $ 22.7 $ 32.3 $ 17.0