XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Cash flows from operating activities:    
Net income $ 232,575 $ 167,796
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 130,114 122,696
Share-based compensation 14,492 9,922
Loss on disposal of assets and impairment charges 2,159 1,257
Deferred income taxes 15,607 31,483
Changes in assets and liabilities:    
Receivables (7,609) (6,919)
Inventories (13,835) 1,912
Prepaid expenses (8,381) (6,290)
Accounts payable 125,719 (9,577)
Accrued expenses 39,177 (8,706)
Income taxes 22,924 9,475
Other, net (985) (1,640)
Net cash provided by operating activities 551,957 311,409
Cash flows from investing activities:    
Purchase of property and equipment (158,815) (242,173)
Payments for acquisition of businesses, net of cash acquired 0 (6,191)
Proceeds from sales of property and equipment 2,667 2,940
Net cash used in investing activities (156,148) (245,424)
Cash flows from financing activities:    
Proceeds from long-term debt 650,000 0
Repayments of long-term debt (570,738) (8,682)
Net payments of short-term debt (120,000) (50,000)
Proceeds from exercise of stock options 1,253 2,307
Proceeds from capital grant 1,594 0
Payments of cash dividends (23,591) (22,405)
Tax withholdings on employee share-based awards (7,917) (6,525)
Net cash used in financing activities (69,399) (85,305)
Net increase (decrease) in cash and cash equivalents 326,410 (19,320)
Cash and cash equivalents at beginning of the period 78,275 63,296
Cash and cash equivalents at end of the period 404,685 43,976
Cash paid during the period for:    
Interest, net of amount capitalized 26,535 26,997
Income taxes, net 31,956 10,000
Noncash investing and financing activities:    
Purchased property and equipment in accounts payable 18,471 17,067
Right-of-use assets obtained in exchange for new finance lease liabilities 0 831
Right-of-use assets obtained in exchange for new operating lease liabilities 1,109 0
Noncash additions from adoption of ASC 842 $ 0 $ 22,635