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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2021
Operating Activities      
Net earnings $ 358.8 $ 332.8 $ 286.9
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 92.3 93.8 95.3
Equity in earnings of affiliates, net of distributions (1.0) 0.3 (2.1)
Deferred income taxes (15.3) (1.4) (5.9)
Stock-based compensation expense 20.4 20.4 14.2
Other, net 7.3 10.6 19.6
Changes in operating assets and liabilities, excluding effect of acquired businesses:      
Accounts receivable, net 30.1 (100.8) (92.7)
Inventories, net 99.8 (147.8) (56.3)
Prepaid expenses and other current assets 16.8 (10.5) (5.3)
Accounts payable (39.0) 51.1 106.6
Income taxes payable (11.5) 4.9 (3.6)
Deferred revenue 2.1 8.3 (1.2)
Accrued employee compensation and related taxes and other current liabilities (16.3) (8.9) 46.4
Net cash provided by operating activities 544.5 252.8 401.9
Investing Activities      
Purchases of property, plant and equipment (118.5) (85.5) (59.0)
Proceeds from sale of property, plant and equipment 0.4 0.4 0.7
Acquisitions, net of cash acquired (209.2) (68.9) 0.0
Net cash used in investing activities (327.3) (154.0) (58.3)
Financing Activities      
Proceeds from long-term debt 189.2 289.3 7.9
Repayments of long-term debt (219.6) (90.0) (170.4)
Change in short-term borrowings 30.4 (43.9) 45.2
Purchase of non-controlling interests 0.0 0.0 (14.4)
Purchase right exercised in finance lease 0.0 0.0 (13.8)
Purchase of treasury stock (141.8) (170.6) (142.2)
Dividends paid (114.4) (110.1) (107.2)
Tax withholding for stock compensation transactions (4.3) (1.8) (4.2)
Exercise of stock options 38.3 12.9 35.8
Net cash used in financing activities (222.2) (114.2) (363.3)
Effect of exchange rate changes on cash (1.2) (14.1) 5.9
Decrease in cash and cash equivalents (6.2) (29.5) (13.8)
Cash and cash equivalents, beginning of year 193.3 222.8 236.6
Cash and cash equivalents, end of year 187.1 193.3 222.8
Supplemental Cash Flow Information      
Income taxes paid 140.9 102.4 105.9
Interest paid 20.9 12.2 10.9
Supplemental Disclosure of Non-Cash Operating and Investing Transactions      
Accrued property, plant and equipment additions 18.5 16.3 7.0
Leased assets obtained in exchange for new operating lease liabilities 32.3 17.0 12.4
Transfer of operating lease asset and operating lease liability $ 0.0 $ 0.0 $ (9.2)