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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net income $ 1,752,302 $ 1,391,042 $ 1,324,487
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of property, equipment and intangibles 314,635 270,875 258,937
Amortization of debt discount and issuance costs 4,580 3,916 3,470
Deferred income taxes 12,381 21,158 20,160
Share-based compensation programs 22,747 21,921 20,176
Other 4,686 7,529 9,895
Changes in operating assets and liabilities:      
Accounts receivable (20,515) (15,577) 18,138
Inventory (198,864) (239,912) (163,367)
Accounts payable 580,608 213,423 177,676
Income taxes payable 197,739 (20,139) 22,903
Accrued payroll (11,941) 14,296 9,373
Accrued benefits and withholdings 189,332 16,868 28,022
Other (11,087) 23,079 (2,315)
Net cash provided by operating activities 2,836,603 1,708,479 1,727,555
Investing activities:      
Purchases of property and equipment (465,579) (628,057) (504,268)
Proceeds from sale of property and equipment 15,770 7,118 4,784
Investment in tax credit equity investments (164,111) (33,781) 0
Other, including acquisitions, net of cash acquired (975) (142,026) (34,818)
Net cash used in investing activities (614,895) (796,746) (534,302)
Financing activities:      
Proceeds from borrowings on revolving credit facility 1,162,000 2,708,000 2,414,000
Payments on revolving credit facility (1,423,000) (2,734,000) (2,473,000)
Proceeds from the issuance of long-term debt 997,515 499,955 498,660
Principal payments on long-term debt (500,000) 0 0
Payment of debt issuance costs (7,929) (3,990) (3,923)
Repurchases of common stock (2,087,194) (1,432,791) (1,714,013)
Net proceeds from issuance of common stock 62,284 60,206 72,146
Other (253) (191) (2,156)
Net cash used in financing activities (1,796,577) (902,811) (1,208,286)
Effect of exchange rate changes on cash 103 169 0
Net increase (decrease) in cash and cash equivalents 425,234 9,091 (15,033)
Cash and cash equivalents at beginning of the period 40,406 31,315 46,348
Cash and cash equivalents at end of the period 465,640 40,406 31,315
Supplemental disclosures of cash flow information:      
Income taxes paid 305,087 394,931 311,376
Interest paid, net of capitalized interest $ 159,717 $ 134,634 $ 117,938