XML 61 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
May 04, 2012
Apr. 29, 2011
Cash flows from operating activities:    
Net earnings $ 88,741 $ 77,532
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Noncash income from affiliates (2,802) (2,239)
Provision for depreciation, amortization, and impairment losses 25,664 22,880
Stock-based compensation expense 5,031 3,975
Increase in deferred income taxes (396) (882)
Other (121) (11)
Changes in operating assets and liabilities, net of effect of acquisitions:    
Receivables, net (126,215) (131,433)
Inventories, net (21,270) (61,490)
Prepaid expenses and other assets (5,066) (4,012)
Accounts payable, accrued liabilities, deferred revenue, and other long-term liabilities 125,929 113,611
Net cash provided by operating activities 89,495 17,931
Cash flows from investing activities:    
Purchases of property, plant, and equipment, net (21,905) (25,925)
Proceeds from asset disposals 96 95
Distributions from finance affiliate, net (3,559) (4,563)
Acquisitions, net of cash acquired (9,663) (12,060)
Net cash used in investing activities (35,031) (42,453)
Cash flows from financing activities:    
Decrease in short-term debt, net (922) (776)
Repayments of long-term debt (1,670) (1,162)
Excess tax benefits from stock-based awards 6,879 2,339
Proceeds from exercise of stock options 13,268 11,248
Purchases of Toro common stock (56,067) (46,712)
Dividends paid on Toro common stock (13,228) (12,682)
Net cash used in financing activities (51,740) (47,745)
Effect of exchange rates on cash and cash equivalents (1,038) 1,763
Net increase (decrease) in cash and cash equivalents 1,686 (70,504)
Cash and cash equivalents as of the beginning of the fiscal period 80,886 177,366
Cash and cash equivalents as of the end of the fiscal period 82,572 106,862
Supplemental disclosures of cash flow information:    
Long-term debt issued in connection with acquisitions $ 100 $ 3,015