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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net income $ 1,391,042 $ 1,324,487 $ 1,133,804
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of property, equipment and intangibles 270,875 258,937 233,845
Amortization of debt discount and issuance costs 3,916 3,470 2,871
Deferred income taxes 21,158 20,160 (4,593)
Share-based compensation programs 21,921 20,176 19,401
Other 7,529 9,895 11,790
Changes in operating assets and liabilities:      
Accounts receivable (15,577) 18,138 (27,742)
Inventory (239,912) (163,367) (231,802)
Accounts payable 213,423 177,676 253,265
Income taxes payable (20,139) 22,903 14,220
Accrued payroll 14,296 9,373 5,430
Accrued benefits and withholdings 16,868 28,022 3,042
Other 23,079 (2,315) (9,844)
Net cash provided by operating activities 1,708,479 1,727,555 1,403,687
Investing activities:      
Purchases of property and equipment (628,057) (504,268) (465,940)
Proceeds from sale of property and equipment 7,118 4,784 4,464
Investment in tax credit equity investments (33,781) 0 0
Other, including acquisitions, net of cash acquired (142,026) (34,818) (2,747)
Net cash used in investing activities (796,746) (534,302) (464,223)
Financing activities:      
Proceeds from borrowings on revolving credit facility 2,708,000 2,414,000 3,101,000
Payments on revolving credit facility (2,734,000) (2,473,000) (2,755,000)
Proceeds from the issuance of long-term debt 499,955 498,660 748,800
Payment of debt issuance costs (3,990) (3,923) (7,590)
Repurchases of common stock (1,432,791) (1,714,013) (2,172,530)
Net proceeds from issuance of common stock 60,206 72,146 45,762
Other (191) (2,156) (156)
Net cash used in financing activities (902,811) (1,208,286) (1,039,714)
Effect of exchange rate changes on cash 169 0 0
Net increase (decrease) in cash and cash equivalents 9,091 (15,033) (100,250)
Cash and cash equivalents at beginning of the year 31,315 46,348 146,598
Cash and cash equivalents at end of the year 40,406 31,315 46,348
Supplemental disclosures of cash flow information:      
Income taxes paid 394,931 311,376 496,728
Interest paid, net of capitalized interest $ 134,634 $ 117,938 $ 77,766