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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ 78,871 $ 8,536
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 50,586 21,463
Amortization of intangibles 48,566 25,117
Amortization of debt issuance costs 5,371 785
Impairment charges 10,057 0
Foreign currency forward contract loss 0 73,707
Deferred income tax provision (benefit) 1,661 (84)
(Gain) loss on disposition of property, plant and equipment 1,241 (29)
Stock-based compensation expense 10,075 9,486
Changes in assets and liabilities:    
Accounts receivable (121,725) 142,453
Inventories (109,999) (23,933)
Prepaid income taxes, expenses and other 5,280 (31,693)
Accounts payable 67,036 (62,208)
Accrued liabilities (47,216) (30,213)
Long-term liabilities and other 5,494 1,243
Net cash provided by operating activities 5,298 134,630
Cash flows from investing activities:    
Purchases of property, plant and equipment (52,858) (54,802)
Proceeds from dispositions of property, plant and equipment 20,350 66
Equity investment in joint venture 0 (3,500)
Other (4,527) 0
Net cash used in investing activities (37,035) (58,236)
Cash flows from financing activities:    
Borrowings on revolving asset-based credit facilities 75,007 0
Principal payments on term-loan credit facilities (155,388) 0
Principal payments on revolving asset-based credit facilities (47,609) 0
Principal payments on other debt (7,058) 0
Regular cash dividends paid (44,159) (41,189)
Principal payments on finance lease obligations (214)  
Principal payments on capital lease obligations   (203)
Payments related to vesting of stock-based awards (3,763) (4,418)
Short-term financial obligations and other, net 9,896 0
Net cash used in financing activities (173,288) (45,810)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (566) 0
Net increase (decrease) in cash and cash equivalents and restricted cash (205,591) 30,584
Cash and cash equivalents and restricted cash, beginning of period 451,262 275,249
Cash and cash equivalents and restricted cash, end of period 245,671 305,833
Less: restricted cash 3,537 0
Cash and cash equivalents, end of period 242,134 305,833
Supplemental cash flow information:    
Income taxes paid 46,653 57,728
Interest paid 53,546 1,055
Non-cash investing and financing transactions:    
Capital expenditures in accounts payable $ 2,631 $ 490