XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Cash flows from operating activities:    
Net income $ 184,261 $ 111,318
Non-cash and other reconciling items:    
Depreciation 19,640 21,833
Amortization 2,755 5,210
Amortization of Operating Lease Assets 13,141 13,751
Deferred income taxes (7,296) (3,259)
Stock-based compensation 8,924 9,178
Other, net 8,224 2,603
Changes in (net of effects from businesses acquired and divested):    
Receivables (419,852) (169,992)
Inventories (559,044) (73,971)
Accounts payable 120,938 85,217
Accrued expenses and other, net (16,840) (32,856)
Net cash flows used for operating activities (645,149) (30,968)
Cash flows from financing activities:    
Borrowings under accounts receivable securitization, net 152,200 59,300
Borrowings under senior unsecured credit facility, net 701,987 118,716
Repayments under bank credit facilities and other debt, net (85,432) (734)
Repurchases of common stock (152,408) (9,566)
Dividends paid on common stock (26,998) (23,893)
Other, net (964) (1,337)
Net cash flows provided by financing activities 588,385 142,486
Cash flows from investing activities:    
Purchases of property, plant and equipment (28,208) (12,025)
Other, net 7,303 318
Net cash flows used for investing activities (20,905) (11,707)
Effect on currency exchange rate changes on cash and cash equivalents 4,857 (401)
Cash and cash equivalents:    
(decrease) increase (72,812) 99,410
Cash and cash equivalents at beginning of year 153,693 199,691
Cash and cash equivalents at end of year $ 80,881 $ 299,101