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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net Income $ 358,350 $ 188,467
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation 13,884 13,993
Amortization 723 655
Share-based compensation 7,549 7,221
Equity earnings in unconsolidated investments, net (132) (162)
Impairment of goodwill and other assets 0 6,944
Other 4,812 3,171
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables (295,342) (229,506)
Product inventories (114,792) 75,199
Prepaid expenses and other assets (16,865) (677)
Accounts payable 170,368 84,190
Accrued expenses and other current liabilities 58,673 71,705
Net Cash Provided by operating activities 187,228 221,200
Investing activities    
Acquisition of businesses, net of cash acquired (15,162) (13,711)
Purchases of property and equipment, net of sale proceeds (17,333) (13,031)
Net cash used in investing activities (32,495) (26,742)
Financing activities    
Proceeds from revolving line of credit 549,008 318,155
Payments on revolving line of credit (505,636) (504,140)
Proceeds from asset-backed financing 260,000 191,700
Payments on asset-backed financing (290,000) (71,700)
Payments on term facility (4,625) (4,625)
Proceeds from short-term borrowings and current portion of long-term debt 4,466 10,731
Payments on short-term borrowings and current portion of long-term debt (6,277) (12,918)
Payments of deferred and contingent acquisition consideration (362) (281)
Payments of deferred financing costs 0 (12)
Proceeds from stock issued under share-based compensation plans 7,918 10,811
Payments of cash dividends (55,418) (45,312)
Purchases of treasury stock (90,135) (70,203)
Net cash used in financing activities (131,061) (177,794)
Effect of exchange rate changes on cash and cash equivalents 665 (1,062)
Change in cash and cash equivalents 24,337 15,602
Cash and cash equivalents at beginning of period 34,128 28,583
Cash and cash equivalents at end of period $ 58,465 $ 44,185