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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:              
Net income $ 154,530 $ 196,181 $ 67,889 $ 74,120 $ 350,711 $ 142,009  
Adjustments to reconcile net income to cash flows provided by operating activities:              
Depreciation and amortization         63,719 51,270  
Stock-based compensation expense         13,701 13,859  
Deferred taxes         (2,401) 0  
Other non-cash items         2,025 4,305  
Changes in assets and liabilities, net of acquisitions of businesses:              
Accounts receivable, net         (95,479) (142,489)  
Inventories, net         (51,811) (115,314)  
Prepaid expenses and other assets         25,746 (16,401)  
Accounts payable, trade         5,312 71,144  
Accrued expenses and other liabilities         36,448 15,476  
Net cash flows provided by operating activities         347,971 23,859  
Cash flows from investing activities:              
Capital expenditures         (70,837) (42,005)  
Acquisitions of businesses         (51,789) (103,858)  
Other investing activities         2,204 (566)  
Net cash flows used in investing activities         (120,422) (146,429)  
Cash flows from financing activities:              
Vesting of stock-based awards, net of shares tendered for payment of taxes         (10,773) (7,925)  
Proceeds from revolving credit facility         729,400 554,693  
Repayments under revolving credit facility         (836,500) (719,747)  
Repayments under shelf loan, term loan, and other borrowings         (60,902) (8,652)  
Proceeds from issuance of convertible notes         0 460,000  
Purchases of convertible note hedge contracts         0 (100,142)  
Proceeds from issuance of warrants concurrent with note hedge contracts         0 48,484  
Payment of debt issuance costs         (4) (11,844)  
Payment of dividends         (49,572) (41,678)  
Payment of contingent consideration and holdbacks related to acquisitions         (6,039) (4,387)  
Net cash flows (used in) provided by financing activities         (234,390) 168,802  
Effect of exchange rate changes on cash and cash equivalents         (1,067) (92)  
Net (decrease) increase in cash and cash equivalents         (7,908) 46,140  
Cash and cash equivalents at beginning of period   $ 62,896   $ 51,821 62,896 51,821 $ 51,821
Cash and cash equivalents cash at end of period $ 54,988   $ 97,961   54,988 97,961 $ 62,896
Supplemental disclosure of cash flow information:              
Cash paid during the period for interest         10,558 6,496  
Cash paid during the period for income taxes, net of refunds         110,871 55,449  
Purchase of property and equipment in accrued expenses         $ 3,157 $ 3,952