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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net Income $ 543,015 $ 307,565
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation 21,027 20,979
Amortization 1,064 975
Share-based compensation 11,755 11,095
Equity earnings in unconsolidated investments, net (224) (248)
Impairment of goodwill and other assets 0 6,944
Other 5,256 1,092
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables (186,772) (135,129)
Product inventories (267,341) 99,767
Prepaid expenses and other assets (22,674) 311
Accounts payable 146,616 3,385
Accrued expenses and other current liabilities 107,343 72,178
Net Cash Provided by operating activities 359,065 388,914
Investing activities    
Acquisition of businesses, net of cash acquired (17,887) (24,655)
Purchases of property and equipment, net of sale proceeds (24,223) (16,897)
Net cash used in investing activities (42,110) (41,552)
Financing activities    
Proceeds from revolving line of credit 791,508 749,840
Payments on revolving line of credit (730,277) (909,637)
Proceeds from asset-backed financing 310,000 261,700
Payments on asset-backed financing (415,000) (266,700)
Payments on term facility (6,938) (6,938)
Proceeds from short-term borrowings and current portion of long-term debt 7,880 13,255
Payments on short-term borrowings and current portion of long-term debt (9,006) (13,291)
Payments of deferred and contingent acquisition consideration (362) (281)
Payments of deferred financing costs (1,610) (12)
Proceeds from stock issued under share-based compensation plans 11,524 16,696
Payments of cash dividends (87,509) (68,599)
Purchases of treasury stock (137,975) (76,194)
Net cash used in financing activities (267,765) (300,161)
Effect of exchange rate changes on cash and cash equivalents 157 (1,035)
Change in cash and cash equivalents 49,347 46,166
Cash and cash equivalents at beginning of period 34,128 28,583
Cash and cash equivalents at end of period $ 83,475 $ 74,749