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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Cash flows from operating activities:    
Net income $ 137,423 $ 244,803
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 31,774 31,739
Amortization of intangible assets 35,219 33,214
Amortization of debt issuance costs 2,835 2,424
Deferred income tax benefit (1,920) (5,253)
(Gain) loss on disposition of property, plant and equipment (141) 629
Stock-based compensation expense 8,392 6,027
Changes in assets and liabilities:    
Accounts receivable 131,483 (167,685)
Inventories (116,151) (236,915)
Prepaid income taxes, expenses and other 17,345 4,729
Accounts payable (141,934) 71,613
Accrued liabilities (8,047) 50,016
Long-term liabilities and other (2,262) 6,451
Net cash provided by operating activities 94,016 41,792
Cash flows from investing activities:    
Purchases of property, plant and equipment (55,883) (43,224)
Proceeds from dispositions of property, plant and equipment 2,935 141
Business acquisitions, net of cash acquired 0 (747,937)
Other (5,000) 0
Net cash used in investing activities (57,948) (791,020)
Cash flows from financing activities:    
Borrowings on revolving asset-based credit facilities 0 660,088
Payments on revolving asset-based credit facilities (15,000) (500,000)
Proceeds from issuance of senior unsecured notes 0 500,000
Payments on term-loan credit facilities (12,355) 0
Payments on other debt (2,714) (1,959)
Payments of debt issuance costs 0 (8,445)
Payments on finance lease obligations (310) (262)
Purchases of treasury shares (25,407) 0
Short-term financial obligations and other, net 2,537 (5,825)
Net cash provided by (used in) financing activities (53,249) 643,597
Effect of exchange rate changes on cash and cash equivalents and restricted cash (2,668) (3,778)
Net decrease in cash and cash equivalents and restricted cash (19,849) (109,409)
Cash and cash equivalents and restricted cash, beginning of period 311,553 448,706
Cash and cash equivalents and restricted cash, end of period 291,704 339,297
Less: restricted cash 0 3,060
Cash and cash equivalents 291,704 336,237
Supplemental cash flow information:    
Income taxes paid 17,174 17,956
Interest paid 25,786 16,868
Non-cash investing and financing transactions:    
Capital expenditures in accounts payable 2,940 4,320
Quarterly dividends payable $ 24,081 $ 23,917