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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2018
Cash flows from operating activities:      
Net income $ 221,384 $ 132,465 $ 430,151
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 98,933 73,139 38,105
Amortization of intangibles 97,234 75,638 55,118
Amortization of debt issuance costs 10,743 6,189 1,570
Impairment charges 10,057 0 0
Foreign currency forward contract loss 0 70,777 0
Deferred income tax provision (benefit) (11,212) (9,059) 14,525
(Gain) loss on disposition of property, plant and equipment 3,990 739 (1,450)
Stock-based compensation expense 19,889 18,950 17,000
Changes in assets and liabilities:      
Accounts receivable (115,232) 136,145 (2,391)
Inventories 133,290 283,311 (77,421)
Prepaid income taxes, expenses and other 18,427 (13,114) (14,197)
Accounts payable 60,469 (120,507) (40,736)
Guarantee liabilities related to former EHG subsidiaries 0 (108,843) 0
Accrued liabilities and other (14,059) (46,612) 29,575
Long-term liabilities and other 7,028 8,801 16,659
Net cash provided by operating activities 540,941 508,019 466,508
Cash flows from investing activities:      
Purchases of property, plant and equipment (106,697) (130,224) (138,197)
Proceeds from dispositions of property, plant and equipment 27,677 2,732 3,835
Business acquisitions, net of cash acquired 0 (1,658,577) 0
Foreign currency forward contract payment related to business acquisition 0 (70,777) 0
Equity investment in joint venture 0 (6,500) (50,402)
Other (5,229) (2,157) 1,271
Net cash used in investing activities (84,249) (1,865,503) (183,493)
Cash flows from financing activities:      
Borrowings on term-loan credit facilities 0 2,095,018 0
Borrowings on revolving asset-based credit facilities 379,222 100,000 0
Payments on term-loan credit facilities (274,963) (242,919) 0
Payments on revolving credit facilities (379,986) (100,000) (145,000)
Payments on unsecured notes 0 (84,728) 0
Payments on other debt (14,493) (70,319) 0
Payments of debt issuance costs 0 (70,176) 0
Cash dividends paid (88,318) (84,139) (77,989)
Payments on finance lease obligations (442) (405) (378)
Payments related to vesting of stock-based awards (3,763) (4,418) (7,657)
Other (10,173) 1,159 0
Net cash provided by (used in) financing activities (392,916) 1,539,073 (231,024)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 26,325 (5,576) 0
Net increase in cash and cash equivalents and restricted cash 90,101 176,013 51,991
Cash and cash equivalents and restricted cash, beginning of period 451,262 275,249 223,258
Cash and cash equivalents and restricted cash, end of period 541,363 451,262 275,249
Less: restricted cash 2,844 25,647 0
Cash and cash equivalents, end of period 538,519 425,615 275,249
Supplemental cash flow information:      
Income taxes paid 56,803 87,813 218,841
Interest paid 101,784 57,189 3,901
Non-cash investing and financing transactions:      
Capital expenditures in accounts payable 3,458 4,332 5,375
Common stock issued for business acquisition $ 0 $ 144,168 $ 0