XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 01, 2021
May 02, 2020
Cash flows from operating activities:    
Net income $ 811,424 $ 471,570
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 108,775 119,124
Amortization of intangibles 290,745 288,120
Stock-based compensation expense 76,996 73,401
Deferred income taxes (48,292) (35,390)
Non-cash contribution to charitable foundation 0 40,000
Other non-cash activity (12,122) 3,801
Changes in operating assets and liabilities (63,223) (181,937)
Total adjustments 352,879 307,119
Net cash provided by operating activities 1,164,303 778,689
Cash flows from investing activities:    
Proceeds from other investments 18,566 0
Additions to property, plant and equipment (126,558) (115,000)
Cash paid for asset acquisition (22,522) 0
Payments for acquisitions, net of cash acquired (2,428) 0
Changes in other assets (2,826) (1,284)
Net cash used for investing activities (135,768) (116,284)
Cash flows from financing activities:    
Proceeds from debt 0 395,646
Proceeds from revolver 0 350,000
Payments on revolver 0 (350,000)
Repayments of Debt 0 (300,000)
Dividend payments to shareholders (483,608) (427,760)
Repurchase of common stock (345,871) (219,614)
Proceeds from employee stock plans 43,672 30,897
Changes in other financing activities 2,399 (4,451)
Net cash used for financing activities (783,408) (525,282)
Effect of exchange rate changes on cash 4,229 (508)
Net increase in cash and cash equivalents 249,356 136,615
Cash and cash equivalents at beginning of period 1,055,860 648,322
Cash and cash equivalents at end of period $ 1,305,216 $ 784,937