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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Cash flows from operating activities:    
Net income $ 246,829 $ 78,871
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 54,324 50,586
Amortization of intangible assets 56,630 48,566
Amortization of debt issuance costs 5,460 5,371
Impairment charges 0 10,057
Deferred income tax (benefit) provision (98) 1,661
(Gain) loss on disposition of property, plant and equipment (196) 1,241
Stock-based compensation expense 13,058 10,075
Changes in assets and liabilities:    
Accounts receivable (99,282) (121,725)
Inventories, net (425,026) (109,999)
Prepaid income taxes, expenses and other (39,226) 5,280
Accounts payable 112,131 67,036
Accrued liabilities (25,114) (47,216)
Long-term liabilities and other 11,944 5,494
Net cash provided by (used in) operating activities (88,566) 5,298
Cash flows from investing activities:    
Purchases of property, plant and equipment (48,097) (52,858)
Proceeds from dispositions of property, plant and equipment 1,084 20,350
Business acquisitions, net of cash acquired (310,576) 0
Other 0 (4,527)
Net cash used in investing activities (357,589) (37,035)
Cash flows from financing activities:    
Borrowings on revolving asset-based credit facilities 213,632 75,007
Payments on term-loan credit facilities (59,700) (155,388)
Payments on revolving asset-based credit facilities 0 (47,609)
Payments on other debt (7,522) (7,058)
Regular cash dividends paid (45,400) (44,159)
Payments on finance lease obligations (244) (214)
Payments related to vesting of stock-based awards (8,317) (3,763)
Short-term financial obligations and other, net (5,488) 9,896
Net cash provided by (used in) financing activities 86,961 (173,288)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 4,378 (566)
Net decrease in cash and cash equivalents and restricted cash (354,816) (205,591)
Cash and cash equivalents and restricted cash, beginning of period 541,363 451,262
Cash and cash equivalents and restricted cash, end of period 186,547 245,671
Cash and cash equivalents and restricted cash, total 186,547 245,671
Supplemental cash flow information:    
Income taxes paid 112,425 46,653
Interest paid 39,705 53,546
Non-cash investing and financing transactions:    
Capital expenditures in accounts payable $ 3,422 $ 2,631