| May'19 | May'18 | May'17 | May'16 | May'15 | May'14 | May'13 | May'12 | May'11 | May'10 | May'09 | May'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows—operating activities | |||||||||||
Net Income (Loss) Attributable to Parent | |||||||||||
713,400 | 596,000 | 479,100 | 375,000 | 709,500 | 286,200 | 411,900 | 475,500 | 476,300 | 404,500 | 372,200 | 377,200 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | |||||||||||
-5,200 | -7,800 | -3,400 | 15,300 | 513,100 | 103,000 | 174,600 | 196,300 | -2,400 | -2,500 | 400 | 7,700 |
Adjustments to reconcile net earnings from continuing operations to cash flows: | |||||||||||
Depreciation, Depletion and Amortization | |||||||||||
336,700 | 313,100 | 272,900 | 290,200 | 319,300 | 304,400 | 278,300 | 241,300 | 316,800 | 300,900 | 283,100 | 245,700 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | |||||||||||
-19,000 | -3,400 | 8,400 | 5,800 | 62,100 | 16,400 | 900 | 200 | 4,700 | 6,200 | 12,000 | - |
Amortization of loan costs and losses on interest-rate related derivatives | |||||||||||
- | - | - | 3,600 | 8,600 | 13,800 | 13,000 | 6,700 | 2,800 | 3,300 | 3,300 | 2,300 |
Stock-based compensation expense | |||||||||||
59,800 | 42,800 | 40,700 | 37,300 | 53,700 | 38,700 | 40,000 | 46,700 | 66,600 | 53,500 | 41,500 | 48,900 |
Change in current assets and liabilities | |||||||||||
-36,400 | 8,000 | -112,600 | -13,700 | -76,300 | -600 | 18,000 | 122,400 | -12,200 | -144,300 | 79,700 | -53,700 |
Contributions to pension and postretirement plans | |||||||||||
1,700 | 62,000 | 1,600 | 26,500 | 1,500 | 1,400 | 3,200 | 22,700 | -13,200 | -600 | -1,200 | -1,200 |
(Gain) loss on disposal of land, buildings and equipment | |||||||||||
- | - | - | - | - | - | - | -3,500 | -6,900 | -300 | -1,100 | -2,200 |
Change in cash surrender value of trust-owned life insurance | |||||||||||
- | - | - | 3,300 | -6,500 | -12,200 | -16,800 | 4,100 | -13,700 | -7,700 | 17,100 | 4,600 |
Deferred income taxes | |||||||||||
47,500 | -20,600 | -22,900 | -10,800 | 42,000 | -44,900 | -400 | 38,100 | 28,800 | -10,200 | 89,500 | 31,100 |
Change in deferred rent | |||||||||||
34,300 | 36,600 | 32,900 | 23,800 | 22,000 | 29,500 | 25,600 | 17,200 | 17,100 | 15,400 | 16,100 | 12,800 |
Change in other assets and liabilities | |||||||||||
-9,500 | -14,600 | 5,000 | -5,300 | -3,800 | -18,900 | -24,000 | -15,800 | 15,400 | -14,400 | 21,600 | -17,000 |
Loss on extinguishment of debt | |||||||||||
0 | -102,200 | 0 | -106,800 | -91,300 | 0 | 0 | - | - | - | - | - |
Income tax benefits from exercise of stock-based compensation credited to goodwill | |||||||||||
- | - | - | - | - | - | -100 | -600 | -200 | -1,400 | -900 | -8,000 |
Other, net | |||||||||||
-7,500 | 6,100 | -12,600 | -8,200 | -6,800 | -8,400 | -13,600 | -5,200 | -2,200 | -4,000 | -6,400 | 6,200 |
Net cash provided by operating activities of continuing operations | |||||||||||
1,267,600 | 1,019,800 | 916,300 | 820,400 | 874,300 | 555,400 | 594,400 | 513,500 | 894,700 | 903,400 | 783,500 | 766,800 |
Cash flows—investing activities | |||||||||||
Purchases of land, buildings and equipment | |||||||||||
452,000 | 396,000 | 293,000 | 228,300 | 296,500 | 414,800 | 510,100 | 457,600 | 547,700 | 432,100 | 535,300 | 429,200 |
Proceeds from disposal of land, buildings and equipment | |||||||||||
13,200 | 3,300 | 8,300 | 325,200 | 67,900 | 4,400 | 300 | 3,100 | 7,000 | 12,500 | 4,600 | 5,900 |
Purchases of marketable securities | |||||||||||
- | - | - | - | 0 | 3,000 | 12,900 | 32,100 | 6,500 | 15,500 | 42,000 | - |
Proceeds from sale of marketable securities | |||||||||||
- | - | - | - | 9,700 | 8,700 | 26,000 | 21,300 | 5,100 | 12,800 | 13,900 | 8,200 |
Cash used in business acquisitions, net of cash acquired | |||||||||||
0 | 40,400 | 764,400 | 0 | 0 | - | 577,400 | 58,500 | 0 | 0 | - | 1,198,100 |
Purchases of capitalized software and other assets | |||||||||||
25,900 | 22,800 | 25,300 | 23,300 | 16,200 | 31,600 | 40,500 | 15,300 | 10,600 | 6,400 | 3,600 | 2,500 |
Other, net | |||||||||||
-2,100 | -4,800 | -4,700 | -1,800 | - | - | - | - | - | - | - | - |
Net cash used in investing activities of continuing operations | |||||||||||
-462,600 | -451,100 | -1,069,700 | 75,400 | -235,100 | -436,300 | -1,114,600 | -539,100 | -552,700 | -428,700 | -562,400 | -1,615,700 |
Cash flows—financing activities | |||||||||||
Proceeds from issuance of common stock | |||||||||||
59,300 | 37,800 | 113,100 | 99,300 | 159,700 | 58,100 | 64,400 | 70,200 | 63,000 | 66,300 | 57,500 | 66,800 |
Income tax benefits credited to equity | |||||||||||
0 | 0 | 27,200 | 17,500 | 18,400 | 10,900 | 13,600 | 17,900 | 17,700 | 20,100 | 22,200 | 23,500 |
Special cash distribution from Four Corners Property Trust | |||||||||||
- | - | - | 315,000 | 0 | 0 | - | - | - | - | - | - |
Dividends paid | |||||||||||
370,800 | 313,500 | 279,100 | 268,200 | 278,900 | 288,300 | 258,200 | 223,900 | 175,500 | 140,000 | 110,200 | 100,900 |
Repurchases of common stock | |||||||||||
207,500 | 234,800 | 230,200 | 184,800 | 502,300 | 500 | 52,400 | 375,100 | 385,500 | 85,100 | 144,900 | 159,400 |
ESOP note receivable repayments | |||||||||||
- | - | - | - | 1,200 | 900 | 1,100 | 2,100 | 1,800 | 1,800 | 3,900 | 3,600 |
Proceeds from Interim Credit Agreement | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,150,000 |
Repayment of Interim Credit Agreement | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,150,000 |
Proceeds from issuance of short-term debt | |||||||||||
137,500 | 960,000 | 0 | 0 | 397,400 | 2,616,300 | 2,670,300 | 2,321,000 | 1,454,900 | 401,200 | -28,400 | -33,000 |
Repayments of short-term debt | |||||||||||
137,500 | 960,000 | 0 | 0 | 605,000 | 2,573,200 | 2,768,400 | 2,243,800 | 1,269,400 | 551,200 | - | - |
Repayments of long-term debt | |||||||||||
0 | 408,200 | 0 | 1,096,800 | 1,065,900 | 0 | 355,900 | 2,100 | 226,800 | 1,800 | 3,900 | 3,600 |
Proceeds from issuance of long-term debt | |||||||||||
0 | 300,000 | 500,000 | 0 | 0 | - | 1,050,000 | 400,000 | 0 | 0 | - | 1,150,000 |
Payment of debt issuance costs | |||||||||||
- | - | - | - | 0 | 1,400 | 7,400 | 5,100 | 0 | 0 | - | 16,000 |
Repayment of acquired convertible notes | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 125,000 |
Principal payments on capital and financing leases | |||||||||||
6,200 | 5,400 | 3,900 | 3,400 | 2,200 | 2,000 | 1,700 | 1,600 | 1,200 | 1,300 | 1,000 | 500 |
Proceeds from financing lease obligation | |||||||||||
40,900 | 0 | 5,700 | 0 | 93,100 | 0 | 0 | - | - | - | - | - |
Other, net | |||||||||||
100 | -12,500 | -3,600 | 600 | - | - | - | - | - | - | - | - |
Net cash used in financing activities of continuing operations | |||||||||||
-484,200 | -636,600 | 129,200 | -1,120,800 | -1,784,500 | -179,200 | 355,400 | -40,400 | -521,000 | -290,000 | -204,800 | 805,500 |
Cash flows—discontinued operations | |||||||||||
Net cash used in operating activities of discontinued operations | |||||||||||
-10,400 | -18,500 | -18,300 | -42,400 | -403,300 | 214,700 | 354,900 | 248,200 | -2,100 | -1,400 | -1,100 | -32,600 |
Net cash provided by investing activities of discontinued operations | |||||||||||
0 | 200 | 800 | 6,300 | 1,986,200 | -144,500 | -172,400 | -182,200 | 2,800 | 2,600 | 4,500 | 89,000 |
Net cash used in discontinued operations | |||||||||||
-10,400 | -18,300 | -17,500 | -36,100 | 1,582,900 | 70,200 | 182,500 | 66,000 | 700 | 1,200 | 3,400 | 56,400 |
Increase (decrease) in cash and cash equivalents | |||||||||||
310,400 | -86,200 | -41,700 | -261,100 | 437,600 | 10,100 | 17,700 | 0 | -178,300 | 185,900 | 19,700 | 13,000 |
Cash flows from changes in current assets and liabilities | |||||||||||
Receivables, net | |||||||||||
-2,100 | 7,200 | 6,500 | -14,000 | -7,800 | 1,500 | 11,100 | 10,700 | 5,900 | 15,800 | -31,800 | 1,500 |
Inventories | |||||||||||
2,100 | 26,600 | -5,000 | 11,800 | -64,500 | 25,600 | 1,800 | 53,400 | 79,300 | -26,200 | 30,200 | -9,500 |
Prepaid expenses and other current assets | |||||||||||
8,200 | 12,500 | 1,100 | 10,800 | -2,900 | -500 | 11,100 | 2,600 | 5,000 | 5,000 | 1,500 | 2,600 |
Accounts payable | |||||||||||
55,000 | 12,600 | -9,000 | 45,600 | -20,900 | 27,200 | 4,400 | 10,000 | 5,500 | 27,600 | -25,200 | 38,600 |
Accrued payroll | |||||||||||
-2,200 | 25,900 | 800 | -5,900 | 23,400 | 7,500 | -5,900 | -8,300 | 5,300 | 23,600 | 8,800 | - |
Prepaid/accrued income taxes | |||||||||||
-14,200 | -9,900 | 41,400 | -21,300 | -13,800 | -21,000 | 22,500 | -16,300 | 4,700 | 52,700 | -55,900 | -30,600 |
Other accrued taxes | |||||||||||
-2,400 | 1,600 | 400 | -1,400 | 2,200 | 0 | 7,700 | -3,300 | 2,300 | 1,800 | 4,900 | 2,100 |
Unearned revenues | |||||||||||
11,300 | 33,500 | 41,600 | 46,000 | 34,900 | 28,800 | 33,900 | 25,700 | 27,300 | 26,900 | -14,300 | 2,800 |
Other current liabilities | |||||||||||
-2,900 | -25,400 | 40,000 | -40,700 | -24,700 | -15,300 | -56,600 | -63,500 | 57,300 | 6,300 | 1,900 | 35,400 |
Increase (Decrease) in Operating Capital | |||||||||||
-36,400 | 8,000 | -112,600 | -13,700 | -76,300 | -600 | 18,000 | 122,400 | -12,200 | -144,300 | 79,700 | -53,700 |
Increase in land, buildings and equipment through accrued purchases | |||||||||||
- | - | - | - | - | - | 42,200 | 34,700 | - | - | - | - |