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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2019
Cash flows from (used by) operating activities:      
Net earnings $ 412,865 $ 279,503 $ 198,093
Adjustments to reconcile net earnings to cash flows from (used by) operating activities:      
Depreciation and amortization 167,613 165,758 158,671
Deferred income taxes and other long-term taxes (39,873) 49,580 49,523
Stock-based compensation 43,677 31,850 25,106
Amortization of acquired unfavorable contract backlog (6,035) (29,367) (74,784)
Asset impairments 6,784 7,611 384
Net gain on disposals of subsidiaries, assets and other (8,807) (4,213) (2,281)
Loss on debt extinguishment 16,841 1,778 0
Other 541 2,643 1,111
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (228,026) 146,375 27,204
Inventories (316,316) 78,903 89,664
Other operating assets and liabilities (15,591) 15,065 (52,851)
Accounts payable, accrued expenses and other payables 194,801 45,718 (15,315)
Beneficial interest in securitized accounts receivable 0 0 (367,521)
Net cash flows from operating activities 228,474 791,204 37,004
Cash flows from (used by) investing activities:      
Capital expenditures (184,165) (187,618) (138,836)
Acquisitions, net of cash acquired (1,888) (18,137) (700,941)
Proceeds from the sale of property, plant and equipment and other 26,424 11,843 3,910
Beneficial interest in securitized accounts receivable 0 0 367,521
Other (2,500) 974 6,298
Net cash flows used by investing activities (162,129) (192,938) (462,048)
Cash flows from (used by) financing activities:      
Proceeds from issuance of long-term debt, net 309,279 62,539 180,000
Repayments of long-term debt (368,527) (246,523) (127,704)
Proceeds from accounts receivable facilities 296,586 234,482 288,896
Repayments under accounts receivable facilities (269,858) (237,828) (296,033)
Dividends (57,766) (57,056) (56,537)
Stock issued under incentive and purchase plans, net of forfeitures (3,166) (3,420) (1,876)
Debt extinguishment costs (13,128) 0 0
Debt issuance costs (2,830) 0 0
Proceeds from Noncontrolling Interests 20 16 10
Net cash flows used by financing activities (109,390) (247,790) (13,244)
Effect of exchange rate changes on cash (790) 759 (598)
Increase (decrease) in cash and cash equivalents (43,835) 351,235 (438,886)
Cash, restricted cash and cash equivalents at beginning of year 544,964 193,729 632,615
Cash, restricted cash and cash equivalents at end of year 501,129 544,964 193,729
Supplemental information:      
Cash paid for income taxes 140,950 44,499 7,977
Cash paid for interest 58,325 59,711 65,190
Noncash activities:      
Liabilities related to additions of property, plant and equipment 39,899 25,100 57,640
Cash and cash equivalents 497,745 542,103 192,461
Restricted cash $ 3,384 $ 2,861 $ 1,268