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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
May 01, 2020
May 03, 2019
Cash flows from operating activities:    
Net earnings $ 168,537 $ 175,110
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Non-cash income from finance affiliate (4,010) (5,825)
Distributions from (contributions to) finance affiliate, net 322 (1,743)
Depreciation of property, plant and equipment 35,951 29,090
Amortization of other intangible assets 9,618 5,940
Fair value step-up adjustment to acquired inventory 2,864 8,422
Stock-based compensation expense 5,367 7,025
Deferred income taxes 860 (193)
Other 374 42
Changes in operating assets and liabilities, net of the effect of acquisitions:    
Receivables, net (126,639) (169,820)
Inventories, net (43,095) (4,683)
Prepaid expenses and other assets (2,870) 534
Accounts payable, accrued liabilities, deferred revenue and other liabilities 23,606 120,091
Net cash provided by operating activities 70,885 163,990
Cash flows from investing activities:    
Purchases of property, plant and equipment (27,167) (33,421)
Proceeds from asset disposals 46 105
Investment in unconsolidated entities 0 (150)
Acquisitions, net of cash acquired (136,431) (692,077)
Net cash used in investing activities (163,552) (725,543)
Cash flows from financing activities:    
Borrowings under debt arrangements 636,025 700,000
Repayments under debt arrangements (446,025) (201,004)
Proceeds from exercise of stock options 8,347 24,408
Payments of withholding taxes for stock awards (1,482) (1,894)
Purchases of Toro common stock 0 (20,043)
Dividends paid on Toro common stock (53,744) (47,930)
Net cash provided by financing activities 143,121 453,537
Effect of exchange rates on cash and cash equivalents (2,278) (1,030)
Net increase (decrease) in cash and cash equivalents 48,176 (109,046)
Cash and cash equivalents as of the beginning of the fiscal period 151,828 289,124
Cash and cash equivalents as of the end of the fiscal period $ 200,004 $ 180,078