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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Nov. 30, 2019
Cash flows from operating activities:      
Net income $ 395,069 $ 529,160 $ 500,712
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 151,664 341,637 372,108
Share-based compensation 53,192 33,202 27,959
Provision for doubtful accounts (7,544) 49,281 34,911
Deferred income taxes (322) (48,992) (18,189)
Contingent consideration 0 0 (19,034)
Unrealized foreign exchange losses 6,480 6,406 1,521
Impairment of long-lived assets 22,166 0 0
Convertible debt conversion option fair value and extinguishment losses 0 0 1,559
Other 2,629 12,158 9,719
Changes in operating assets and liabilities, net of the impact of Concentrix separation and acquisition of businesses:      
Accounts receivable, net (517,224) 12,691 (326,681)
Receivables from vendors, net (113,602) 79,842 (26,389)
Inventories (1,030,110) (128,786) (153,134)
Accounts payable 1,854,887 685,014 98,392
Other operating assets and liabilities (7,498) 262,753 46,465
Net cash provided by operating activities 809,787 1,834,366 549,919
Cash flows from investing activities:      
Purchases of property and equipment (54,892) (197,965) (137,423)
Acquisition of businesses, net of cash acquired (907,093) (5,560) (9,427)
Other 9,637 (5,970) 13
Net cash used in investing activities (952,348) (209,495) (146,837)
Cash flows from financing activities:      
Proceeds from borrowings 775,552 5,157,157 7,503,598
Repayments of borrowings (3,425,002) (5,411,247) (8,024,961)
Dividends paid (50,272) (20,782) (76,607)
Increase (decrease) in book overdraft 566 (2,627) (1,908)
Repurchases of common stock 0 (3,405) (15,184)
Proceeds from issuance of common stock 12,789 12,913 5,367
Repurchases of common stock for tax withholdings on equity awards (9,923) (15,184) (7,911)
Net transfer of cash and cash equivalents to Concentrix (149,948) 0 0
Settlement of contingent consideration 0 0 (13,966)
Proceeds from issuance of Bonds 2,500,000 0 0
Cash paid for debt issuance costs (42,254) (8,521) (22)
Other (4,128) 0 (107)
Net cash used in financing activities (392,620) (291,696) (631,701)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (38,776) 4,545 (2,265)
Net (decrease) increase in cash, cash equivalents and restricted cash (573,957) 1,337,721 (230,884)
Cash, cash equivalents and restricted cash at beginning of year 1,568,870 231,149 462,033
Cash, cash equivalents and restricted cash at end of year 994,913 1,568,870 231,149
Supplemental disclosures of cash flow information:      
Interest paid on borrowings 116,983 120,896 156,261
Income taxes paid 173,547 179,707 236,493
Supplemental disclosure of non-cash investing and financing activities:      
Issuance of stock to acquire business 5,614,400 0 0
Net assets transferred to Concentrix $ 2,322,598 $ 0 $ 0