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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 468,173 $ 396,917 $ 399,590
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 105,384 86,683 64,476
Amortization of lease right-of-use assets 32,344 43,032 42,846
Stock-based compensation expense 62,038 56,003 45,065
Deferred income taxes (31,119) (8,715) (4,602)
Asset impairments 25,946 64,272 0
Changes in assets and liabilities, net of effects of acquisitions      
Accounts receivable, net of reserves (40,103) (32,980) 3,646
Accounts payable and accrued expenses 8,393 12,815 2,068
Accrued compensation (3,431) 14,524 21,815
Deferred revenues (3,387) (6,100) 5,078
Taxes payable, net of prepaid taxes 41,396 (19,275) 26,298
Lease liabilities, net (39,704) (48,628) (42,750)
Other, net 19,643 (20,271) (8,304)
Net cash provided by operating activities 645,573 538,277 555,226
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property, equipment, leasehold improvements and capitalized internal-use software (60,786) (51,156) (61,325)
Acquisition of businesses, net of cash and cash equivalents acquired (23,593) (1,981,641) (58,056)
Purchases of investments (11,014) (878) (18,787)
Proceeds from maturity or sale of investments 0 0 2,176
Net cash provided by (used in) investing activities (95,393) (2,033,675) (135,992)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from debt 0 2,238,355 0
Repayments of debt (375,000) (825,000) 0
Payments of debt issuance costs 0 (9,736) 0
Dividend payments (138,601) (125,934) (117,927)
Proceeds from employee stock plans 72,006 86,047 64,177
Repurchases of common stock (176,720) (18,639) (264,702)
Other financing activities (13,709) (5,859) (4,259)
Net cash provided by (used in) financing activities (632,024) 1,339,234 (322,711)
Effect of exchange rate changes on cash and cash equivalents 4,015 (22,428) (263)
Net increase (decrease) in cash and cash equivalents (77,829) (178,592) 96,260
Cash and cash equivalents at beginning of period 503,273 681,865 585,605
Cash and cash equivalents at end of period 425,444 503,273 681,865
Supplemental Disclosure of Cash Flow Information      
Cash paid during the year for interest 76,524 29,525 8,021
Cash paid during the year for income taxes, net of refunds 91,170 76,252 46,588
Supplemental Disclosure of Non-Cash Transactions      
Dividends declared, not paid $ 37,265 $ 33,860 $ 30,845