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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net income $ 642,990 $ 298,634
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 135,569 144,645
Stock-based compensation expense 34,446 22,784
Amortization of Debt Issuance Costs and Discounts 11,610 15,290
Gain (Loss) on Disposition of Business 0 (8,927)
Deferred income taxes 7,246 (5,340)
Other operating activities, net 4,237 8,604
Changes in assets and liabilities    
Increase (Decrease) in Accounts Receivable 737,639 521,491
Increase (Decrease) in Accounts and Other Receivables (15,097) (84,326)
Inventories, net (886,328) (428,405)
Increase (Decrease) in Other Operating Assets (101,476) 19,299
Accounts payable 479,645 550,858
Accrued payroll and benefit costs (88,420) 65,136
Other current and noncurrent liabilities 102,596 95,909
Net cash provided by operating activities (410,621) 172,670
Investing Activities:    
Capital expenditures (59,366) (25,170)
Proceeds from Divestiture of Businesses, Net of Cash Divested 0 56,010
Other investing activities 2,159 5,766
Net cash used in investing activities (57,207) 36,606
Financing Activities:    
Proceeds from (Repayments of) Short-term Debt 1,324 (10,288)
Proceeds from issuance of long-term debt 3,140,953 2,470,306
Repayments of Other Long-term Debt 2,592,996 1,935,655
Payments for Repurchase of Common Stock (24,963) (20,784)
Payments of Dividends (43,056) (43,056)
Other financing activities, net (1,678) (14,174)
Net cash used in financing activities 477,251 (410,204)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 21,500 (197,336)
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 140,668 141,594
Income Taxes Paid 219,826 53,759
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 170,498 120,384
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations 12,077 3,592
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 234,083 251,799
Payments of Debt Issuance Costs 2,333 1,849
5.375% Senior Notes due 2021    
Financing Activities:    
Repayments of Senior Debt 0 500,000
Repayments of Senior Debt 0 500,000
5.375% Senior Notes due 2024    
Financing Activities:    
Repayments of Senior Debt 0 354,704
Repayments of Senior Debt $ 0 $ 354,704