| Jul'19 | Jul'18 | Jul'17 | Jul'16 | Jul'15 | Jul'14 | Jul'13 | Jul'12 | Jul'11 | Jul'10 | Jul'09 | Jul'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net earnings | |||||||||||
211,000 | 261,000 | 887,000 | 563,000 | 666,000 | 855,000 | 703,000 | 764,000 | 802,000 | 844,000 | 736,000 | 1,165,000 |
Adjustments to reconcile net earnings to operating cash flow | |||||||||||
Impairment charges | |||||||||||
393,000 | 748,000 | 212,000 | 141,000 | 6,000 | 0 | 396,000 | 0 | - | - | 67,000 | - |
Restructuring charges | |||||||||||
31,000 | 62,000 | 18,000 | 31,000 | 102,000 | 55,000 | 47,000 | 10,000 | 63,000 | 12,000 | - | 175,000 |
Stock-based compensation | |||||||||||
58,000 | 61,000 | 60,000 | 64,000 | 57,000 | 57,000 | 113,000 | 79,000 | 87,000 | 88,000 | 84,000 | 88,000 |
Amortization of inventory fair value adjustment from acquisition | |||||||||||
0 | 42,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Pension and postretirement benefit income | |||||||||||
103,000 | -187,000 | -258,000 | 317,000 | 118,000 | 58,000 | -307,000 | - | - | - | - | - |
Depreciation and amortization | |||||||||||
446,000 | 394,000 | 318,000 | 308,000 | 303,000 | 305,000 | 407,000 | 262,000 | 268,000 | 251,000 | 264,000 | 294,000 |
Deferred income taxes | |||||||||||
14,000 | -133,000 | 93,000 | -30,000 | -49,000 | 38,000 | -31,000 | 45,000 | 46,000 | 54,000 | 144,000 | 29,000 |
Losses on sales of businesses | |||||||||||
-32,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Losses on sales of discontinued operations businesses | |||||||||||
- | - | - | - | - | 141,000 | 0 | 0 | - | - | - | 698,000 |
Other | |||||||||||
-25,000 | -34,000 | -14,000 | -6,000 | -15,000 | -9,000 | -29,000 | -118,000 | -108,000 | -99,000 | -57,000 | 46,000 |
Changes in working capital, net of divestitures | |||||||||||
Accounts receivable | |||||||||||
11,000 | -56,000 | -28,000 | -24,000 | -12,000 | 38,000 | 48,000 | 18,000 | 15,000 | -21,000 | -27,000 | -53,000 |
Inventories | |||||||||||
-36,000 | 84,000 | -46,000 | -59,000 | 18,000 | 80,000 | 103,000 | -32,000 | 14,000 | -105,000 | 14,000 | -91,000 |
Prepaid assets | |||||||||||
1,000 | -27,000 | 27,000 | -9,000 | -10,000 | 22,000 | -5,000 | 3,000 | -19,000 | 9,000 | -28,000 | -22,000 |
Accounts payable and accrued liabilities | |||||||||||
125,000 | 78,000 | -48,000 | 15,000 | 30,000 | -93,000 | -69,000 | -19,000 | -26,000 | -34,000 | -125,000 | 23,000 |
Pension fund contributions | |||||||||||
- | - | - | - | 5,000 | 47,000 | 87,000 | 71,000 | 144,000 | 284,000 | 13,000 | -78,000 |
Net payments of hedging activities | |||||||||||
- | - | - | 44,000 | 11,000 | -4,000 | 22,000 | 7,000 | 3,000 | -20,000 | -44,000 | -65,000 |
Other | |||||||||||
-64,000 | -54,000 | -55,000 | -60,000 | -52,000 | -53,000 | -58,000 | -86,000 | -55,000 | -70,000 | -45,000 | -47,000 |
Net cash provided by operating activities | |||||||||||
1,398,000 | 1,305,000 | 1,288,000 | 1,491,000 | 1,206,000 | 899,000 | 1,019,000 | 1,120,000 | 1,142,000 | 1,057,000 | 1,166,000 | 766,000 |
Cash flows from investing activities: | |||||||||||
Purchases of plant assets | |||||||||||
384,000 | 407,000 | 338,000 | 341,000 | 380,000 | 347,000 | 336,000 | 323,000 | 272,000 | 315,000 | 345,000 | 298,000 |
Sales of plant assets | |||||||||||
- | - | - | 5,000 | 15,000 | 22,000 | 5,000 | 1,000 | 9,000 | 13,000 | 1,000 | 3,000 |
Purchases of route businesses | |||||||||||
29,000 | 9,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Sales of route businesses | |||||||||||
31,000 | 10,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Business acquired, net of cash acquired | |||||||||||
18,000 | 6,772,000 | 0 | 0 | 232,000 | 329,000 | 1,806,000 | 0 | 0 | - | 66,000 | 9,000 |
Sales of businesses, net of cash divested | |||||||||||
539,000 | 0 | 0 | - | - | 520,000 | 0 | 0 | - | - | 38,000 | 828,000 |
Other | |||||||||||
-14,000 | 19,000 | 30,000 | 18,000 | 6,000 | 0 | 17,000 | 1,000 | -2,000 | -2,000 | 6,000 | -7,000 |
Net cash provided by (used) in investing activities | |||||||||||
153,000 | -7,197,000 | -368,000 | -354,000 | -603,000 | -134,000 | -2,154,000 | -323,000 | -261,000 | -300,000 | -378,000 | 531,000 |
Cash flows from financing activities: | |||||||||||
Short-term borrowings | |||||||||||
5,839,000 | 10,222,000 | 8,247,000 | 8,161,000 | - | - | - | - | - | - | - | - |
Short-term repayments | |||||||||||
6,296,000 | 9,944,000 | 8,002,000 | 8,923,000 | - | - | - | - | - | - | - | - |
Net short-term borrowings (repayments) | |||||||||||
- | - | - | - | 100,000 | 208,000 | 825,000 | -257,000 | 495,000 | -265,000 | -320,000 | 58,000 |
Long-term borrowings | |||||||||||
0 | 6,224,000 | 211,000 | 215,000 | 300,000 | -2,000 | 1,250,000 | 0 | 500,000 | 400,000 | 600,000 | -181,000 |
Long-term repayments | |||||||||||
702,000 | 63,000 | 490,000 | 0 | 0 | - | - | - | - | - | - | - |
Repayments of notes payable | |||||||||||
- | - | - | 0 | 309,000 | 700,000 | 400,000 | 0 | 700,000 | 0 | 300,000 | - |
Dividends paid | |||||||||||
423,000 | 426,000 | 420,000 | 390,000 | 394,000 | 391,000 | 367,000 | 373,000 | 378,000 | 365,000 | 350,000 | 329,000 |
Treasury stock purchases | |||||||||||
0 | 86,000 | 437,000 | 143,000 | 244,000 | 76,000 | 153,000 | 412,000 | 728,000 | 472,000 | 527,000 | 903,000 |
Payments for Repurchase of Common Stock | |||||||||||
0 | 86,000 | 437,000 | 143,000 | 244,000 | - | - | - | - | - | 527,000 | 903,000 |
Treasury stock issuances | |||||||||||
0 | 0 | 2,000 | 2,000 | 9,000 | 18,000 | 83,000 | 112,000 | 96,000 | 139,000 | 72,000 | 47,000 |
Excess tax benefits on stock-based compensation | |||||||||||
- | - | - | - | - | 13,000 | 12,000 | 8,000 | 11,000 | 11,000 | 18,000 | 8,000 |
Contributions from noncontrolling interest | |||||||||||
- | - | - | - | 9,000 | 5,000 | 3,000 | 2,000 | 10,000 | 0 | - | - |
Payment, Tax Withholding, Share-based Payment Arrangement | |||||||||||
8,000 | 23,000 | 22,000 | 21,000 | 18,000 | - | - | - | - | - | - | - |
Repurchase of noncontrolling interest | |||||||||||
0 | 47,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments of debt issuance costs | |||||||||||
1,000 | 50,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Other, net | |||||||||||
0 | 0 | 3,000 | - | -3,000 | 0 | -16,000 | 0 | -6,000 | -4,000 | -7,000 | - |
Net cash used in financing activities | |||||||||||
-1,591,000 | 5,807,000 | -908,000 | -1,099,000 | -550,000 | -925,000 | 1,237,000 | -920,000 | -700,000 | -556,000 | -814,000 | -1,300,000 |
Effect of exchange rate changes on cash | |||||||||||
-7,000 | -8,000 | 11,000 | 5,000 | -32,000 | -9,000 | -36,000 | -26,000 | 49,000 | 2,000 | -4,000 | 13,000 |
Net change in cash and cash equivalents | |||||||||||
-47,000 | -93,000 | 23,000 | 43,000 | 21,000 | -169,000 | 66,000 | -149,000 | 230,000 | 203,000 | -30,000 | 10,000 |