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Consolidated Statements of Cash Flows
€ in Thousands, $ in Thousands
9 Months Ended
Apr. 30, 2019
USD ($)
Apr. 30, 2018
USD ($)
Cash flows from operating activities:    
Net income $ 39,974 $ 341,946
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 47,134 28,270
Amortization of intangibles 50,376 41,236
Amortization of debt issuance costs 3,441 1,177
Foreign currency forward contract loss 70,777  
Deferred income tax provision 2,218 18,030
(Gain) loss on disposition of property, plant and equipment 127 (1,465)
Stock-based compensation expense 14,118 12,986
Changes in assets and liabilities:    
Accounts receivable 17,438 (173,388)
Inventories 145,049 (146,697)
Prepaid income taxes, expenses and other (9,090) (14,141)
Accounts payable (95,849) 29,595
Guarantee liabilities related to former EHG subsidiaries (105,343)  
Accrued liabilities (5,182) 49,383
Long-term liabilities and other 614 10,253
Net cash provided by operating activities 175,802 197,185
Cash flows from investing activities:    
Purchases of property, plant and equipment (83,749) (100,021)
Proceeds from dispositions of property, plant and equipment 1,281 3,656
Business acquisitions, net of cash acquired (1,658,577)  
Foreign currency forward contract payment related to business acquisition (70,777)  
Equity investment in joint venture (5,250) (46,902)
Other 0 1,271
Net cash used in investing activities (1,817,072) (141,996)
Cash flows from financing activities:    
Borrowings on term-loan credit facilities 2,095,018  
Borrowings on revolving credit facilities 100,000  
Principal payments on term-loan credit facilities (1,732)  
Principal payments on revolving credit facilities (40,000) (65,000)
Principal payments on unsecured notes (84,728)  
Principal payments on other debt (70,319)  
Payments of debt issuance costs (69,220)  
Regular cash dividends paid (62,664) (58,492)
Principal payments on capital lease obligations (301) (279)
Payments related to vesting of stock-based awards (4,418) (7,657)
Other (6,092)  
Net cash provided by (used in) financing activities 1,855,544 (131,428)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (2,610)  
Net increase (decrease) in cash and cash equivalents and restricted cash 211,664 (76,239)
Cash and cash equivalents and restricted cash, beginning of period 275,249 223,258
Cash and cash equivalents and restricted cash, end of period 486,913 147,019
Less: restricted cash 25,801  
Cash and cash equivalents, end of period 461,112 147,019
Supplemental cash flow information:    
Income taxes paid 69,872 186,166
Interest paid 24,714 3,087
Non-cash investing and financing transactions:    
Capital expenditures in accounts payable 6,125 $ 2,082
Common stock issued for business acquisition $ 144,168