XML 26 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Oct. 31, 2015
Cash flows from operating activities:      
Net income $ 295,802 $ 271,843 $ 211,111
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 45,947 41,243 37,707
Amortization 44,907 29,061 27,487
Provision for losses on receivables 4,030 1,867 1,014
Deferred income taxes (472) (3,597) 2,100
Tax benefit from the exercise of stock options (7,079) (3,476) (3,661)
Non-cash stock compensation 20,168 18,211 15,262
Loss on sale of property, plant and equipment 188 859 376
Other non-cash 2,770 2,973 56
Changes in operating assets and liabilities:      
Receivables (46,152) (41,247) (37,179)
Inventories (19,667) 1,784 (14,208)
Prepaid expenses 4,737 (8,667) 1,799
Other assets (3,429) 7,773 1,733
Accounts payable 4,805 7,296 (1,261)
Income taxes payable 7,522 (2,684) 15,616
Accrued liabilities (5,629) 23,328 5,817
Customer advance payments 5,163 3,631 (1,062)
Other liabilities 2,266 (17,739) 2,830
Other (6,204) (1,301) (3,586)
Net cash provided by operating activities 349,673 331,158 261,951
Cash flows from investing activities:      
Additions to property, plant and equipment (71,558) (60,851) (62,087)
Proceeds from sale of property, plant and equipment 4,007 1,300 597
Acquisition of businesses, net of cash acquired (805,943) (42,650) (75,565)
Equity investments (4,470)   (1,480)
Net cash used in investing activities (877,964) (102,201) (138,535)
Cash flows from financing activities:      
Proceeds from short-term borrowings 6,017 13,456 59,870
Repayment of short-term borrowings (8,149) (12,059) (164,716)
Proceeds from long-term debt 841,536 261,161 719,534
Repayment of long-term debt (237,183) (392,775) (289,202)
Repayment of capital lease obligations (5,287) (5,059) (5,240)
Payment of debt issuance costs (3,214) (99) (1,557)
Issuance of common shares 14,086 11,476 5,372
Purchase of treasury shares (3,216) (33,421) (383,851)
Tax benefit from the exercise of stock options 7,079 3,476 3,661
Dividends paid (63,840) (56,436) (54,849)
Net cash provided by (used in) financing activities 547,829 (210,280) (110,978)
Effect of exchange rate changes on cash 3,606 (1,706) (4,484)
Increase in cash and cash equivalents 23,144 16,971 7,954
Cash and cash equivalents at beginning of year 67,239 50,268 42,314
Cash and cash equivalents at end of year $ 90,383 $ 67,239 $ 50,268