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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:              
Net income $ 33,426 $ 7,259 $ 154,530 $ 196,181 $ 40,685 $ 350,711  
Adjustments to reconcile net income to cash flows provided by operating activities:              
Depreciation and amortization         65,549 63,719  
Stock-based compensation expense         9,080 13,701  
Deferred taxes         0 (2,401)  
Other non-cash items         2,192 2,025  
Changes in assets and liabilities, net of acquisitions of businesses:              
Accounts receivable, net         (80,952) (95,479)  
Inventories, net         209,346 (51,811)  
Prepaid expenses and other assets         11,607 25,746  
Accounts payable, trade         37,949 5,312  
Accrued expenses and other liabilities         (21,891) 36,448  
Net cash flows provided by operating activities         273,565 347,971  
Cash flows from investing activities:              
Capital expenditures         (34,082) (70,837)  
Acquisitions of businesses         (25,851) (51,789)  
Other investing activities         4,344 2,204  
Net cash flows used in investing activities         (55,589) (120,422)  
Cash flows from financing activities:              
Vesting of stock-based awards, net of shares tendered for payment of taxes         (9,585) (10,773)  
Proceeds from revolving credit facility         234,200 729,400  
Repayments under revolving credit facility         (402,726) (836,500)  
Repayments under shelf loan, term loan, and other borrowings         (10,703) (60,902)  
Payment of dividends         (53,154) (49,572)  
Payment of contingent consideration and holdbacks related to acquisitions         (517) (6,039)  
Other financing activities         (834) (4)  
Net cash flows used in financing activities         (243,319) (234,390)  
Effect of exchange rate changes on cash and cash equivalents         (62) (1,067)  
Net decrease in cash and cash equivalents         (25,405) (7,908)  
Cash and cash equivalents at beginning of period   $ 47,499   $ 62,896 47,499 62,896 $ 62,896
Cash and cash equivalents cash at end of period $ 22,094   $ 54,988   22,094 54,988 $ 47,499
Supplemental disclosure of cash flow information:              
Cash paid during the period for interest         20,804 10,558  
Cash paid during the period for income taxes, net of refunds         5,724 110,871  
Purchase of property and equipment in accrued expenses         $ 1,704 $ 3,157