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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Aug. 31, 2020
USD ($)
Aug. 31, 2019
USD ($)
Aug. 31, 2018
USD ($)
Cash flows from (used by) operating activities:      
Net earnings $ 279,503 $ 198,093 $ 138,506
Adjustments to reconcile net earnings to cash flows from (used by) operating activities:      
Depreciation and amortization 165,758 158,671 131,659
Deferred income taxes and other long-term taxes 49,580 49,523 14,377
Share-based compensation 31,850 25,106 23,929
Amortization of acquired unfavorable contract backlog (29,367) (74,784) 0
Asset impairments 7,611 384 15,053
Net gain on sales of a subsidiary, assets and other (4,213) (2,281) (1,322)
Loss on debt extinguishment (1,778) 0 0
Provision for losses on receivables, net 578 388 2,510
Write-down of inventory and other 2,065 723 1,407
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 146,375 27,204 (10,802)
Inventories 78,903 89,664 (43,198)
Other operating assets and liabilities 15,065 (52,851) (15,423)
Accounts payable, accrued expenses and other payables 45,718 (15,315) (20,163)
Beneficial interest in securitized accounts receivable 0 (367,521) (670,457)
Net cash flows from (used by) operating activities 791,204 37,004 (433,924)
Cash flows from (used by) investing activities:      
Capital expenditures (187,618) (138,836) (174,655)
Acquisitions, net of cash acquired (18,137) (700,941) (6,980)
Proceeds from the sale of property, plant and equipment 11,843 3,910 8,103
Proceeds from insurance, sale of discontinued operations and other 974 6,298 102,857
Advances under accounts receivable programs 0 0 226,325
Repayments under accounts receivable programs 0 0 (304,178)
Beneficial interest in securitized accounts receivable 0 367,521 670,457
Net cash flows from (used by) investing activities (192,938) (462,048) 521,929
Cash flows from (used by) financing activities:      
Proceeds from issuance of long-term debt 62,539 180,000 350,000
Repayments of long-term debt (246,523) (127,704) (19,967)
Proceeds from accounts receivable programs 234,482 288,896 0
Repayments under accounts receivable programs (237,828) (296,033) 0
Cash dividends (57,056) (56,537) (56,076)
Stock issued under incentive and purchase plans, net of forfeitures (3,420) (1,876) (9,302)
Debt issuance costs 0 0 (5,254)
Other 16 10 31
Net cash flows from (used by) financing activities (247,790) (13,244) 259,432
Effect of exchange rate changes on cash 759 (598) (703)
Increase (decrease) in cash and cash equivalents 351,235 (438,886) 346,734
Cash, restricted cash and cash equivalents at beginning of year 193,729 632,615 285,881
Cash, restricted cash and cash equivalents at end of year 544,964 193,729 632,615
Supplemental information:      
Cash paid for income taxes 44,499 7,977 7,198
Cash paid for interest 59,711 65,190 39,972
Noncash activities:      
Liabilities related to additions of property, plant and equipment 25,100 57,640 32,274
Cash and cash equivalents 542,103 192,461 622,473
Restricted cash $ 2,861 $ 1,268 $ 10,142