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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
May 31, 2022
May 31, 2021
Cash flows from (used by) operating activities:    
Net earnings $ 928,632 $ 260,552
Adjustments to reconcile net earnings to cash flows from (used by) operating activities:    
Depreciation and amortization 125,943 125,176
Stock-based compensation 37,856 35,558
Deferred income taxes and other long-term taxes 64,241 (17,175)
Loss on debt extinguishment 16,052 16,841
Asset impairments 4,473 4,345
Other 1,449 243
Amortization of acquired unfavorable contract backlog 0 (4,540)
Net gain on disposals of assets (276,106) (9,390)
Changes in operating assets and liabilities (660,793) (317,378)
Net cash flows from operating activities 241,747 94,232
Cash flows from (used by) investing activities:    
Acquisitions, net of cash acquired (552,449) 0
Proceeds from the sale of property, plant and equipment and other 314,971 25,890
Capital expenditures (294,346) (127,395)
Proceeds from insurance 3,081 0
Other 0 (2,500)
Net cash flows used by investing activities (528,743) (104,005)
Cash flows from (used by) financing activities:    
Proceeds from issuance of long-term debt, net 740,403 309,187
Repayments of long-term debt (319,706) (361,855)
Debt extinguishment costs (13,642) (13,128)
Debt issuance costs (3,064) (2,830)
Proceeds from accounts receivable facilities 327,665 145,864
Repayments under accounts receivable facilities (290,666) (118,312)
Dividends (51,003) (43,295)
Treasury stock acquired (55,597) 0
Stock issued under incentive and purchase plans, net of forfeitures (10,132) (3,807)
Contribution from non-controlling interest 0 19
Net cash flows from (used by) financing activities 324,258 (88,157)
Effect of exchange rate changes on cash (1,862) (423)
Increase (decrease) in cash, restricted cash and cash equivalents 35,400 (98,353)
Cash, restricted cash and cash equivalents at beginning of period 536,529 446,611
Cash, restricted cash and cash equivalents at end of period $ 536,529 $ 446,611