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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net Income $ 676,600 $ 543,015
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation 23,172 21,027
Amortization 6,523 1,064
Share-based compensation 11,691 11,755
Equity in earnings of unconsolidated investments, net (226) (224)
Other 12,644 5,256
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables (181,775) (186,772)
Product inventories (223,268) (267,341)
Prepaid expenses and other assets (31,171) (22,674)
Accounts payable 46,564 146,616
Accrued expenses and other current liabilities (33,284) 107,343
Net Cash Provided by operating activities 307,470 359,065
Investing activities    
Acquisition of businesses, net of cash acquired (8,309) (17,887)
Purchases of property and equipment, net of sale proceeds (27,965) (24,223)
Other Investments 1,760 0
Net cash used in investing activities (34,514) (42,110)
Financing activities    
Proceeds from revolving line of credit 1,629,740 791,508
Payments on revolving line of credit (1,629,688) (730,277)
Proceeds from Long-term Lines of Credit 250,000 0
Proceeds from asset-backed financing 215,000 310,000
Payments on asset-backed financing (130,000) (415,000)
Payments on term facility (6,937) (6,938)
Proceeds from short-term borrowings and current portion of long-term debt 27,396 7,880
Payments on short-term borrowings and current portion of long-term debt (26,960) (9,006)
Payments of Financing Costs 0 (1,610)
Payments of deferred and contingent acquisition consideration (1,374) (362)
Proceeds from stock issued under share-based compensation plans 7,201 11,524
Payments of cash dividends (111,572) (87,509)
Purchases of treasury stock (471,210) (137,975)
Net cash used in financing activities (248,404) (267,765)
Effect of exchange rate changes on cash and cash equivalents 206 157
Change in cash and cash equivalents 24,758 49,347
Cash and cash equivalents at beginning of period 24,321 34,128
Cash and cash equivalents at end of period $ 49,079 $ 83,475