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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2017
Cash flows from operating activities:      
Net income $ 132,465 $ 430,151 $ 374,254
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 73,139 38,105 34,333
Amortization of intangibles 75,638 55,118 63,925
Amortization of debt issuance costs 6,189 1,570 1,570
Foreign currency forward contract loss 70,777    
Deferred income tax provision (benefit) (9,059) 14,525 (39,552)
(Gain) loss on disposition of property, plant and equipment 739 (1,450) (2,231)
Stock-based compensation expense 18,950 17,000 12,500
Changes in assets and liabilities:      
Accounts receivable 136,145 (2,391) (92,305)
Inventories 283,311 (77,421) (56,619)
Prepaid income taxes, expenses and other (13,114) (14,197) (13,888)
Accounts payable (120,507) (40,736) 67,138
Guarantee liabilities related to former EHG subsidiaries (108,843)    
Accrued liabilities (46,612) 29,575 63,075
Long-term liabilities and other 8,801 16,659 7,133
Net cash provided by operating activities 508,019 466,508 419,333
Cash flows from investing activities:      
Purchases of property, plant and equipment (130,224) (138,197) (115,027)
Proceeds from dispositions of property, plant and equipment 2,732 3,835 4,682
Business acquisitions, net of cash acquired (1,658,577)   (5,039)
Foreign currency forward contract payment related to business acquisition (70,777)    
Equity investment in joint venture (6,500) (50,402)  
Other (2,157) 1,271 (1,271)
Net cash used in investing activities (1,865,503) (183,493) (116,655)
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 (242,919)    
Principal payments on revolving credit facilities (100,000) (145,000) (215,000)
Principal payments on unsecured notes (84,728)    
Principal payments on other debt (70,319)    
Payments of debt issuance costs (70,176)    
Regular cash dividends paid (84,139) (77,989) (69,409)
Principal payments on capital lease obligations (405) (378) (341)
Payments related to vesting of stock-based awards (4,418) (7,657) (4,572)
Other 1,159    
Net cash provided by (used in) financing activities 1,539,073 (231,024) (289,322)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (5,576)    
Net increase in cash and cash equivalents and restricted cash 176,013 51,991 13,356
Cash and cash equivalents and restricted cash, beginning of period 275,249 223,258 209,902
Cash and cash equivalents and restricted cash, end of period 451,262 275,249 223,258
Less: restricted cash 25,647    
Cash and cash equivalents, end of period 425,615 275,249 223,258
Supplemental cash flow information:      
Income taxes paid 87,813 218,841 198,619
Interest paid 57,189 3,901 8,558
Non-cash investing and financing transactions:      
Capital expenditures in accounts payable 4,332 $ 5,375 $ 6,266
Common stock issued for business acquisition $ 144,168