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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net Income $ 307,565 $ 243,551
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation 20,979 20,648
Amortization 975 1,049
Share-based compensation 11,095 10,243
Equity earnings in unconsolidated investments, net (248) (210)
Impairment of goodwill and other assets 6,944 0
Other 1,092 5,334
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables (135,129) (98,538)
Product inventories 99,767 68,827
Prepaid expenses and other assets 311 1,231
Accounts payable 3,385 (29,782)
Accrued expenses and other current liabilities 72,178 20,900
Net Cash Provided by operating activities 388,914 243,253
Investing activities    
Acquisition of businesses, net of cash acquired (24,655) (8,913)
Purchases of property and equipment, net of sale proceeds (16,897) (26,926)
Net cash used in investing activities (41,552) (35,839)
Financing activities    
Proceeds from revolving line of credit 749,840 836,534
Payments on revolving line of credit (909,637) (1,011,430)
Proceeds from asset-backed financing 261,700 189,000
Payments on asset-backed financing (266,700) (136,300)
Payments on term facility (6,938) 0
Proceeds from short-term borrowings and current portion of long-term debt 13,255 27,633
Payments on short-term borrowings and current portion of long-term debt (13,291) (24,962)
Payments of deferred and contingent acquisition consideration (281) (311)
Payments of deferred financing costs (12) 0
Proceeds from stock issued under share-based compensation plans 16,696 17,042
Payments of cash dividends (68,599) (61,752)
Purchases of treasury stock (76,194) (23,188)
Net cash used in financing activities (300,161) (187,734)
Effect of exchange rate changes on cash and cash equivalents (1,035) 655
Change in cash and cash equivalents 46,166 20,335
Cash and cash equivalents at beginning of period 28,583 16,358
Cash and cash equivalents at end of period $ 74,749 $ 36,693