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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Oct. 31, 2017
Cash flows from operating activities:      
Net earnings $ 273,983 $ 271,939 $ 267,717
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Non-cash income from finance affiliate (11,948) (11,143) (9,960)
Distributions from finance affiliate, net 10,343 9,228 8,050
Depreciation of property, plant and equipment 69,314 53,484 54,679
Amortization of other intangible assets 18,384 7,793 10,307
Fair value step-up adjustment to acquired inventory 39,368 0 0
Stock-based compensation expense 13,429 12,161 13,517
Deferred income taxes (6,190) 25,255 (6,887)
Other 6,357 507 202
Changes in operating assets and liabilities, net of effect of acquisitions:      
Receivables, net (11,042) (10,365) (17,701)
Inventories, net (104,832) (29,770) (15,611)
Prepaid expenses and other assets 9,747 (11,744) (3,424)
Accounts payable, accrued liabilities, deferred revenue and other long-term liabilities 30,458 47,460 59,859
Net cash provided by operating activities 337,371 364,805 360,748
Cash flows from investing activities:      
Purchases of property, plant and equipment (92,881) (90,124) (58,276)
Proceeds from asset disposals 4,669 151 199
Proceeds from sale of a business 12,941 0 0
Investments in unconsolidated entities (200) (6,750) (1,500)
Acquisitions, net of cash acquired (697,471) (31,202) (24,181)
Net cash used in investing activities (772,942) (127,925) (83,758)
Cash flows from financing activities:      
Borrowings under debt arrangements 900,000 0 0
Repayments under debt arrangements (511,000) (19,757) (19,136)
Proceeds from exercise of stock options 29,336 17,243 10,274
Payments of withholding taxes for stock awards (2,662) (4,095) (1,294)
Purchases of Toro common stock (20,043) (160,435) (159,354)
Dividends paid on Toro common stock (96,133) (85,031) (75,758)
Net cash provided by (used in) financing activities 299,498 (252,075) (245,268)
Effect of exchange rates on cash and cash equivalents (1,223) (5,937) 4,979
Net (decrease) increase in cash and cash equivalents (137,296) (21,132) 36,701
Cash and cash equivalents as of the beginning of the fiscal period 289,124 310,256 273,555
Cash and cash equivalents as of the end of the fiscal period 151,828 289,124 310,256
Cash paid during the fiscal year for:      
Interest 30,167 19,979 19,457
Income taxes $ 54,738 $ 75,805 $ 97,057