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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net income $ 402,780 $ 178,438
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 92,846 87,913
Stock-based compensation expense 24,734 13,179
Amortization of Debt Issuance Costs and Discounts 8,102 9,197
Gain (Loss) on Disposition of Business 0 (8,927)
Deferred income taxes 1,264 (2,959)
Other operating activities, net 2,726 3,365
Changes in assets and liabilities    
Increase (Decrease) in Accounts Receivable 716,767 372,287
Increase (Decrease) in Accounts and Other Receivables (15,338) (25,394)
Inventories, net (530,763) (268,272)
Increase (Decrease) in Other Operating Assets (80,665) (14,291)
Accounts payable 534,283 474,918
Accrued payroll and benefit costs (115,846) 1,911
Other current and noncurrent liabilities 88,113 26,004
Net cash provided by operating activities (304,531) 102,795
Investing Activities:    
Capital expenditures (31,641) (20,191)
Proceeds from Divestiture of Businesses, Net of Cash Divested 0 54,346
Other investing activities 679 (1,801)
Net cash used in investing activities (30,962) 32,354
Financing Activities:    
Proceeds from (Repayments of) Short-term Debt 2,218 (10,763)
Proceeds from issuance of long-term debt 1,746,289 1,557,827
Repayments of Other Long-term Debt 1,353,950 1,282,842
Payments for Repurchase of Common Stock (17,212) (12,433)
Payments of Dividends (28,704) (28,704)
Other financing activities, net (6,214) (10,918)
Net cash used in financing activities 340,491 (289,682)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 24,209 (161,244)
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 119,267 128,211
Income Taxes Paid 155,038 40,883
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 117,867 56,748
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations 19,211 (6,711)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 236,792 287,891
Payments of Debt Issuance Costs 1,936 1,849
5.375% Senior Notes due 2021    
Financing Activities:    
Repayments of Senior Debt 0 500,000
Repayments of Senior Debt $ 0 $ 500,000