| Aug'19 | Aug'18 | Aug'17 | Aug'16 | Aug'15 | Aug'14 | Aug'13 | Aug'12 | Aug'11 | Aug'10 | Aug'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from (used by) operating activities: | ||||||||||
Net earnings | ||||||||||
198,093 | 138,506 | 46,332 | 54,762 | 79,443 | 113,244 | 77,319 | 207,490 | -129,404 | -205,108 | 20,252 |
Adjustments to reconcile net earnings to cash flows from (used by) operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
158,671 | 131,659 | 125,071 | 126,940 | 132,779 | 136,004 | 136,548 | 137,310 | 159,576 | 168,934 | 154,679 |
Share-based compensation | ||||||||||
25,106 | 23,929 | 30,311 | 26,335 | 23,484 | 18,051 | 18,693 | 13,125 | 12,893 | 13,132 | 17,475 |
Deferred income taxes and other long-term taxes | ||||||||||
49,523 | 14,377 | -14,184 | -3,889 | -13,071 | 30,143 | 54,655 | -59,999 | -19,856 | 59,286 | -49,066 |
Amortization of acquired unfavorable contract backlog | ||||||||||
74,784 | 0 | 0 | - | - | - | - | - | - | - | - |
Asset impairments | ||||||||||
384 | 15,053 | 8,238 | 55,793 | 14,610 | 3,498 | 17,270 | 3,316 | 120,145 | 35,041 | 8,468 |
Provision for losses on receivables, net | ||||||||||
388 | 2,510 | 6,049 | 6,878 | 3,481 | -1,760 | 4,430 | -2,463 | 306 | -2,582 | 33,733 |
Inventory Write-down | ||||||||||
723 | 1,407 | 21,500 | 15,555 | 37,652 | 5,015 | 3,003 | 13,917 | 25,503 | 53,203 | 127,056 |
Net gain on disposals of subsidiaries, assets and other | ||||||||||
2,281 | 1,322 | -6,049 | 2,591 | 8,489 | 13,833 | 25,371 | 11,932 | 1,315 | 4,740 | -2,795 |
Gain (Loss) on Extinguishment of Debt | ||||||||||
0 | 0 | -22,672 | -11,480 | 0 | 0 | -4,758 | 0 | 0 | - | - |
Amortization of interest rate swaps termination gain | ||||||||||
0 | 0 | -11,657 | -7,597 | -7,597 | -7,597 | -12,470 | -5,815 | 0 | 0 | - |
Tax expense from stock plans | ||||||||||
- | - | - | -1,697 | -1,213 | -4,426 | -1,444 | 1,968 | 2,355 | 4,033 | 926 |
Accounts receivable | ||||||||||
-27,204 | 10,802 | 78,527 | -142,510 | -206,633 | 143,397 | -11,065 | -68,260 | 168,779 | 106,402 | -692,386 |
Proceeds (payments) on sale of accounts receivable programs, net | ||||||||||
- | - | - | -19,472 | -117,753 | 120,957 | -80,580 | -77,116 | 78,297 | 10,239 | 129,227 |
Inventories | ||||||||||
-89,664 | 43,198 | 98,835 | -209,555 | -127,583 | 191,356 | -26,459 | -53,449 | 200,204 | 60,612 | -533,896 |
Other assets | ||||||||||
- | - | - | - | - | - | -2,894 | -5,001 | -73,382 | 94,313 | -94,183 |
Accounts payable, accrued expenses and other payables | ||||||||||
-15,315 | -20,163 | 93,478 | -43,577 | -180,517 | 90,604 | -87,375 | -157,025 | 82,642 | 186,952 | -691,912 |
Changes in operating assets and liabilities | ||||||||||
52,851 | 15,423 | 63,785 | -12,486 | 14,010 | -27,059 | -5,010 | 10,443 | -3,084 | -4,087 | -7,256 |
Beneficial interest in securitized accounts receivable | ||||||||||
367,521 | 670,457 | 616,017 | - | - | - | - | - | - | - | - |
Net cash flows from (used by) operating activities | ||||||||||
37,004 | -433,924 | -523,276 | 586,865 | 313,461 | 136,940 | 147,732 | 195,993 | 27,747 | 44,910 | 806,536 |
Cash flows from (used by) investing activities: | ||||||||||
Capital expenditures | ||||||||||
138,836 | 174,655 | 213,120 | 163,332 | 119,580 | 101,749 | 89,035 | 113,853 | 73,215 | 127,121 | 369,694 |
Increase in restricted cash, net | ||||||||||
- | - | - | - | 0 | 0 | -28,995 | 0 | 0 | - | - |
Proceeds from the sale of property, plant and equipment | ||||||||||
3,910 | 8,103 | 3,164 | 5,113 | 14,925 | 17,572 | 13,904 | 55,360 | 53,394 | 22,887 | 2,620 |
Decrease in restricted cash, net | ||||||||||
- | - | - | - | -3,742 | -18,000 | 18,620 | 0 | 0 | - | - |
Proceeds from the sale of discontinued operations and other | ||||||||||
1,893 | 75,482 | 163,449 | 4,349 | 27,831 | 52,609 | 0 | 0 | 10,802 | 0 | - |
Proceeds from insurance, sale of discontinued operations and other | ||||||||||
4,405 | 27,375 | 0 | 0 | - | - | - | - | - | - | - |
Acquisitions, net of cash acquired | ||||||||||
700,941 | 6,980 | 56,080 | 0 | 0 | 15,693 | 0 | 0 | 48,386 | 2,448 | 906 |
Treasury stock acquired | ||||||||||
- | - | - | 30,595 | 41,806 | 0 | 0 | - | - | - | 18,514 |
Advances under accounts receivable programs | ||||||||||
0 | 226,325 | 193,432 | - | - | - | - | - | - | - | - |
Repayments Under Accounts Receivable Programs | ||||||||||
0 | 304,178 | 111,701 | - | - | - | - | - | - | - | - |
Beneficial interest in securitized accounts receivable | ||||||||||
-367,521 | -670,457 | -616,017 | - | - | - | - | - | - | - | - |
Decrease in deposit for letters of credit | ||||||||||
- | - | - | - | - | - | - | -31,053 | 4,123 | 26,930 | - |
Net cash flows used by investing activities: | ||||||||||
-462,048 | 521,929 | 595,161 | -153,870 | -76,824 | -47,261 | -46,136 | -27,440 | -61,528 | -133,612 | -367,980 |
Cash flows from (used by) financing activities: | ||||||||||
Proceeds from termination of interest rate swaps | ||||||||||
- | - | - | - | - | - | - | 52,733 | 0 | 0 | - |
Proceeds from issuance of long-term debt | ||||||||||
180,000 | 350,000 | 475,454 | 0 | 0 | - | 330,000 | 0 | 0 | 22,438 | 64,014 |
Repayments of long-term debt | ||||||||||
127,704 | 19,967 | 711,850 | 211,394 | 11,335 | 7,677 | 204,856 | 64,801 | 33,577 | 29,939 | 132,496 |
Proceeds from accounts receivable programs | ||||||||||
288,896 | 0 | 0 | -20,090 | 7,802 | 6,315 | -19,524 | 18,607 | -10,253 | 14,636 | -26,244 |
Repayments under accounts receivable programs | ||||||||||
296,033 | 0 | 0 | - | - | - | - | - | - | - | - |
Dividends | ||||||||||
56,537 | 56,076 | 55,514 | 55,342 | 55,945 | 56,428 | 56,028 | 55,617 | 55,177 | 54,489 | 54,139 |
Stock issued under incentive and purchase plans, net of forfeitures | ||||||||||
-1,876 | -9,302 | -5,498 | -6,034 | -1,492 | -1,488 | 951 | -81 | 9,615 | 10,494 | 3,284 |
Debt extinguishment costs | ||||||||||
0 | 0 | 22,672 | 11,127 | 0 | 431 | 4,557 | 0 | 0 | - | - |
Debt issuance costs | ||||||||||
0 | 5,254 | 4,449 | 0 | 0 | - | 4,684 | 0 | 0 | - | - |
Other | ||||||||||
10 | 31 | 36 | - | - | - | - | - | - | - | - |
Increase in documentary letters of credit, net | ||||||||||
- | - | - | -41,468 | -80,482 | 11,753 | -6,221 | -74,493 | -55,950 | 117,423 | 83,282 |
Contribution from noncontrolling interests | ||||||||||
- | - | - | 29 | 38 | -15 | 13 | -55 | -4,027 | 21 | - |
Tax expense from stock plans | ||||||||||
- | - | - | -1,697 | -1,213 | -4,426 | -1,444 | 1,968 | 2,355 | 4,033 | 926 |
Net cash flows from (used by) financing activities | ||||||||||
-13,244 | 259,432 | -324,493 | -377,718 | -180,691 | -34,397 | 15,030 | -121,739 | -147,014 | 84,617 | -246,451 |
Effect of exchange rate changes on cash | ||||||||||
-598 | -703 | -1,213 | -1,280 | -5,548 | 873 | -278 | -6,782 | 3,872 | -2,205 | -5,528 |
Increase (decrease) in cash, restricted cash and cash equivalents | ||||||||||
-438,886 | 346,734 | -253,821 | 53,997 | 50,398 | 56,155 | 116,348 | 40,032 | -176,923 | -6,290 | 186,577 |
Supplemental information: | ||||||||||
Cash paid for income taxes | ||||||||||
7,977 | 7,198 | 30,963 | 50,201 | - | - | - | - | - | - | - |
Cash paid for interest | ||||||||||
65,190 | 39,972 | 65,672 | 74,715 | - | - | - | - | - | - | - |
Noncash activities: | ||||||||||
Liabilities related to additions of property, plant and equipment | ||||||||||
57,640 | 32,274 | 51,330 | 29,763 | 19,921 | 21,207 | 9,781 | - | - | - | - |