XML 83 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Aug. 31, 2013
Cash flows from operating activities:      
Net income $ 285,612 $ 242,265 $ 370,091
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 529,176 487,278 418,117
Gain on sale of discontinued operations 300 (230,878)  
Restructuring and related charges 4,445 42,534 2,058
Provision for allowance for doubtful accounts 9,752 16,268  
Recognition of stock-based compensation expense 62,560 10,624 68,383
Deferred income taxes (10,912) (38,971) (123,165)
Impairment of notes receivable and related charges     25,597
Excess tax benefit related to stock awards (246) (782) (14,605)
Loss on disposal of subsidiaries   7,962  
Loss (gain) on sale of property, plant and equipment 12,316 (1,773) 1,679
Other, net 659 8,689 8,879
Change in operating assets and liabilities, exclusive of net assets acquired:      
Accounts receivable (292,706) (116,458) 750
Inventories (483,071) 160,790 50,229
Prepaid expenses and other current assets 113,012 73,492 (75,962)
Other assets 25,034 6,552 (7,052)
Accounts payable, accrued expenses and other liabilities 984,651 (168,735) 488,890
Net cash provided by operating activities 1,240,282 498,857 1,213,889
Cash flows from investing activities:      
Cash paid for business and intangible asset acquisitions, net of cash (177,632)   (650,054)
Proceeds from sale of discontinued operations and subsidiaries, net of cash 10,191 531,189  
Acquisition of property, plant and equipment (963,145) (624,060) (736,858)
Proceeds from sale of property, plant and equipment 15,784 161,138 15,792
Investments in non-marketable equity securities (11,939) (3,600) (3,342)
Other, net 5,294 (4,000)  
Net cash (used in) provided by investing activities (1,121,447) 60,667 (1,374,462)
Cash flows from financing activities:      
Borrowings under debt agreements 5,966,937 6,175,953 5,764,400
Payments toward debt agreements (5,988,232) (6,400,089) (5,586,738)
Payments to acquire treasury stock (85,576) (260,274) (129,262)
Dividends paid to stockholders (63,138) (68,211) (67,181)
Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan 18,062 15,771 18,285
Treasury stock minimum tax withholding related to vesting of restricted stock (7,606) (34,312) (20,290)
Cash paid to purchase noncontrolling interest (345) (1,720) (17,500)
Excess tax benefit related to stock awards 246 782 14,605
Other, net (2,897) (4,719) 688
Net cash used in financing activities (162,549) (576,819) (22,993)
Effect of exchange rate changes on cash and cash equivalents (42,572) 6,171 (22,317)
Net decrease in cash and cash equivalents (86,286) (11,124) (205,883)
Cash and cash equivalents at beginning of fiscal year 1,000,249 1,011,373 1,217,256
Cash and cash equivalents at end of fiscal year 913,963 1,000,249 1,011,373
Supplemental disclosure information:      
Interest paid, net of capitalized interest 118,891 118,689 102,614
Income taxes paid, net of refunds received $ 143,580 $ 118,271 $ 128,780