XML 45 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2018
Cash flows from operating activities:      
Cash received from customers $ 48,892,924 $ 47,836,136 $ 42,981,601
Cash paid to vendors and employees (48,118,538) (47,263,258) (41,668,923)
Interest paid, net (87,886) (97,293) (86,544)
Income taxes paid (93,410) (95,450) (131,632)
Net cash provided by operating activities 593,090 380,135 1,094,502
Cash flows from investing activities:      
Proceeds from sale of business, net of cash divested 0 8,985 0
Acquisition of businesses, net of cash acquired (209,923) (124,223) (2,249,849)
Expenditures for property and equipment (48,352) (40,995) (192,235)
Software and software development costs (36,470) (20,419) (39,702)
Other 4,491 4,943 2,567
Net cash used in investing activities (290,254) (171,709) (2,479,219)
Cash flows from financing activities:      
Borrowings on long-term debt 300,000 0 1,008,148
Principal payments on long-term debt (345,177) (208,591) (861,394)
Cash paid for debt issuance costs (4,341) 0 (6,348)
Net repayments on revolving credit loans (9,005) (11,288) (16,028)
Payments for employee withholdings on equity awards (9,428) (7,102) (6,027)
Proceeds from the reissuance of treasury stock 1,660 1,771 1,543
Acquisition of noncontrolling interest (7,553) 0 0
Repurchases of common stock (170,191) (107,025) 0
Other 529 0 0
Net cash (used in) provided by financing activities (243,506) (332,235) 119,894
Effect of Exchange Rate on Cash and Cash Equivalents (17,087) (32,696) 94,860
Net increase (decrease) in cash and cash equivalents 42,243 (156,505) (1,169,963)
Cash and cash equivalents at beginning of year 799,123 955,628 2,125,591
Cash and cash equivalents at end of year 841,366 799,123 955,628
Reconciliation of net income to net cash provided by operating activities:      
Net income 374,500 340,580 116,641
Adjustments to reconcile net income to net cash provided by operating activities:      
Goodwill Impairment 0 47,434 0
Gain on disposal of subsidiary (1,390) (6,746) 0
Depreciation and amortization 153,099 158,997 150,046
Provision for losses on accounts receivable 21,081 9,903 19,788
Stock-based compensation expense 32,187 31,513 29,381
Accretion of debt discount and debt issuance costs 4,042 3,841 5,698
Deferred income taxes 19,187 (12,482) (4,261)
Changes in operating assets and liabilities, net of acquisitions and disposition:      
Accounts receivable 159,569 (512,385) (632,809)
Inventories 213,344 (480,001) (466,445)
Prepaid expenses and other assets 66,777 13,581 (9,120)
Accounts payable (406,839) 852,369 1,704,305
Accrued expenses and other liabilities (42,467) (66,469) 181,278
Total adjustments 218,590 39,555 977,861
Net cash provided by operating activities 593,090 380,135 1,094,502
Issuance of stock to acquire business $ 0 $ 0 $ 247,232