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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Jul. 31, 2012
Operating activities:      
Net earnings $ 363,956 $ 574,935 $ 319,309
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization of long-lived assets 116,392 106,284 111,105
Non-cash stock compensation 31,683 29,778 31,864
Excess tax benefits from stock based compensation arrangements (12,890) (15,812) (7,757)
Amortization of deferred revenue (2,154) (2,154) (2,154)
Deferred income taxes 6,931 11,314 (9,095)
Provisions for doubtful accounts 1,603 7,173 3,387
(Gain)/loss on sale of assets 3,782 (390,187) (9,289)
Other 1,470 2,233 1,469
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
Inventories 12,040 (17,088) 24,111
Accounts receivable (26,080) 81,916 (50,753)
Income taxes receivable/payable 28,277 6,981 22,238
Accounts payable and accrued expenses 54 (123,801) 83,742
Other assets (12,708) 13,993 (21,245)
Other liabilities (8,444) 98,894 (22,084)
Net cash provided by operating activities 503,912 384,459 474,848
Investing activities:      
Capital expenditures (74,737) (110,182) (158,909)
Purchases of retirement benefit assets (45,045) (45,718) (49,552)
Proceeds from sale and maturities of retirement benefit assets 52,695 46,147 50,830
Proceeds from sale of assets 6,099 537,625 26,551
Acquisitions of businesses, net of cash acquired (318,978) (21,970) (167,638)
Other (13,543) (6,602) (11,107)
Net cash provided/(used) by investing activities (393,509) 399,300 (309,825)
Financing activities:      
Notes payable 254,976 (34,973) (10,017)
Long-term borrowings 0 14 106
Repayments of short-term debt (3,927) 0 0
Repayments of long-term debt (718) (461) (511)
Additions to deferred financing costs 0 (3,043) 0
Purchase of treasury stock (250,000) (250,000) (121,164)
Dividends paid (118,758) (108,054) (88,955)
Net proceeds from stock plans 12,625 36,240 39,562
Excess tax benefits from stock based compensation arrangements 12,890 15,812 7,757
Net cash used by financing activities (92,912) (344,465) (173,222)
Cash flow for year 17,491 439,294 (8,199)
Cash and cash equivalents at beginning of year 936,886 500,274 557,766
Effect of exchange rate changes on cash and cash equivalents 9,733 (2,682) (49,293)
Cash and cash equivalents at end of year 964,110 936,886 500,274
Supplemental disclosures:      
Interest paid 23,788 34,373 23,988
Income taxes paid (net of refunds) $ 57,981 $ 144,733 $ 90,806