XML 103 R7.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
12 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2009
Operating activities:      
Net earnings $ 315,496 $ 241,248 $ 195,619
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Restructuring and other charges, net 7,336 976 4,317
Depreciation and amortization of long-lived assets 98,106 93,628 89,439
Non-cash stock compensation 26,433 24,616 23,484
Write-off of deferred financing costs 0 3,245 0
Redemption premium on senior notes 0 28,268 0
Excess tax benefits from stock based compensation arrangements (12,777) (2,671) (457)
Amortization of deferred revenue (2,154) (2,154) (2,154)
Deferred income taxes 10,512 (4,976) (10,642)
Provisions for doubtful accounts 1,455 1,349 2,864
Other 4,394 1,421 (355)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
Inventories (5,177) (8,415) 57,147
Accounts receivable (41,607) (14,806) 19,954
Income taxes receivable/payable 3,812 (7,368) 656
Accounts payable and accrued expenses 39,324 67,098 (42,071)
Other assets (6,579) (23,972) 20,412
Other liabilities (8,587) (19,627) (30,718)
Net cash provided by operating activities 429,987 377,860 327,495
Investing activities:      
Capital expenditures (160,771) (136,313) (133,049)
Purchases of retirement benefit assets (75,142) (58,599) (20,555)
Proceeds from sale of retirement benefit assets 63,222 47,442 18,737
Disposals of fixed assets 1,971 1,603 4,241
Acquisitions of businesses, net of disposals and cash acquired 0 (8,984) (37,249)
Other (5,821) (13,883) (14,155)
Net cash used by investing activities (176,541) (168,734) (182,030)
Financing activities:      
Long-term borrowings 35,185 798,290 171,010
Repayments of long-term debt (298,528) (737,675) (213,974)
Notes payable 174,600 (2,016) 19,493
Redemption premium on senior notes 0 (28,268) 0
Additions to deferred financing costs 0 (6,311) 0
Purchase of treasury stock (149,907) (99,999) (96,439)
Dividends paid (77,641) (71,284) (64,914)
Net proceeds from stock plans 60,329 23,929 15,757
Excess tax benefits from stock based compensation arrangements 12,777 2,671 457
Net cash used by financing activities (243,185) (120,663) (168,610)
Cash flow for year 10,261 88,463 (23,145)
Cash and cash equivalents at beginning of year 498,563 414,011 454,065
Effect of exchange rate changes on cash and cash equivalents 48,942 (3,911) (16,909)
Cash and cash equivalents at end of year 557,766 498,563 414,011
Supplemental disclosures:      
Interest paid 25,866 35,611 40,740
Income taxes paid (net of refunds) $ 93,175 $ 91,871 $ 84,680