| Jan'20 | Oct'19 | Jul'19 | Apr'19 | Jan'19 | Oct'18 | Jul'18 | Apr'18 | Jan'18 | Oct'17 | Jul'17 | Apr'17 | Jan'17 | Oct'16 | Jul'16 | Apr'16 | Jan'16 | Oct'15 | Jul'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||||
Net income | ||||||||||||||||||
81,462 | 76,398 | 72,172 | 56,002 | 49,296 | 63,167 | 56,278 | 62,971 | 67,324 | 55,865 | 55,066 | 48,886 | 43,554 | 33,115 | 18,716 | 12,564 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||
118,345 | 119,143 | 120,412 | 117,459 | 103,311 | 89,581 | 75,507 | 65,530 | 99,393 | 89,368 | 79,203 | 69,240 | 63,403 | 63,396 | 63,318 | 64,215 | 0 | 0 | 0 |
Write-off and amortization of debt discount and debt issuance costs | ||||||||||||||||||
3,791 | 4,035 | 3,342 | 3,332 | 3,215 | 3,104 | 2,942 | 2,851 | 2,792 | 2,941 | 4,398 | 9,793 | 10,020 | 9,994 | 8,713 | 3,438 | 0 | 0 | 0 |
Amortization of intangible assets | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 38,169 | - | 0 | 0 | 0 |
Provision for losses on accounts and notes receivable | ||||||||||||||||||
481 | 911 | 1,126 | 617 | -515 | -1,414 | -1,323 | -622 | 445 | 981 | 802 | -122 | -1,469 | -1,590 | -1,106 | -1,032 | 0 | 0 | 0 |
Provision for obsolescence of inventory | ||||||||||||||||||
237 | 398 | 573 | 432 | 409 | -148 | -287 | 106 | 111 | 993 | 773 | 425 | 424 | -44 | 60 | 80 | 0 | 0 | 0 |
Effects of fair value adjustments to inventory | ||||||||||||||||||
508 | 198 | 198 | 4,176 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Increase in fair value of contingent consideration | ||||||||||||||||||
1,825 | 679 | 758 | 759 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Equity-based compensation | ||||||||||||||||||
9,282 | 10,030 | 8,445 | 7,643 | 6,076 | 5,930 | 5,836 | 5,745 | 5,848 | 4,662 | 3,693 | 3,142 | 2,660 | 3,563 | 4,188 | 4,733 | 0 | 0 | 0 |
Gain on sale and disposal of assets | ||||||||||||||||||
985 | 973 | 560 | 525 | 273 | 205 | 240 | 509 | 742 | 804 | 527 | 336 | 963 | 1,056 | 819 | 645 | 0 | 0 | 0 |
Change in fair value of financial instruments | ||||||||||||||||||
- | - | - | -6,395 | -11,810 | -12,086 | -11,948 | -6,125 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||||||||
1,157 | -14,722 | -18,356 | -17,487 | -15,106 | 5,642 | 12,941 | 16,224 | 18,201 | 13,178 | 19,604 | 20,114 | 41,929 | 43,961 | 27,812 | 20,499 | 0 | 0 | 0 |
Total net income and adjustments | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 |
Changes in assets and liabilities net of effects of acquisitions: | ||||||||||||||||||
Trade accounts and notes receivable | ||||||||||||||||||
20,268 | -1,837 | -4,158 | 13,586 | 3,054 | 35,270 | 39,813 | 11,752 | 2,676 | 22,921 | 13,953 | 20,400 | 32,391 | 22,685 | 24,864 | 27,338 | 0 | 0 | 0 |
Inventories | ||||||||||||||||||
-17,030 | -11,490 | -26,098 | -5,137 | 22,457 | 31,774 | 52,399 | 34,774 | 16,575 | 12,499 | 4,607 | 18,390 | 26,136 | 13,896 | 18,177 | 699 | 0 | 0 | 0 |
Prepaid expenses and other assets | ||||||||||||||||||
-336 | 2,926 | 6,617 | 4,842 | -5,862 | -3,536 | -1,486 | 1,926 | 7,743 | 3,112 | 350 | 412 | 1,984 | 3,303 | 3,596 | 4,682 | 0 | 0 | 0 |
Accounts payable | ||||||||||||||||||
14,252 | 11,814 | 18,986 | 26,816 | -768 | 6,291 | 163 | 11,365 | -9,804 | 10,221 | 4,071 | -3,763 | 15,505 | 186 | 50 | 1,055 | 0 | 0 | 0 |
Accrued compensation and employee benefits | ||||||||||||||||||
-1,274 | 3,207 | 3,229 | 6,631 | 3,080 | 6,566 | 4,513 | -236 | 357 | 1,871 | 1,693 | 4,440 | 12,326 | 7,841 | 5,387 | 3,454 | 0 | 0 | 0 |
Derivative liability | ||||||||||||||||||
- | - | - | -10,778 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Other accrued expenses and liabilities | ||||||||||||||||||
-2,634 | -3,634 | -5,341 | 5,434 | 5,008 | 8,029 | -6,933 | 4,874 | 1,259 | -1,055 | 13,800 | 626 | -189 | 1,036 | -5,026 | 5,551 | 0 | 0 | 0 |
Liabilities to noncontrolling interest holders | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,133 | 165 | 323 | 219 | 446 | 0 | 0 | 0 |
Income tax receivable / payable | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -5,956 | 5,308 | -6,976 | 7,484 | 7,106 | 0 | 0 | 0 |
Cash provided by operating activities | ||||||||||||||||||
223,545 | 217,885 | 228,999 | 193,615 | 127,673 | 102,263 | 32,267 | 88,616 | 96,748 | 98,027 | 105,853 | 66,708 | 66,185 | 50,765 | 35,538 | 47,747 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||||||||||||
Purchases of property and equipment | ||||||||||||||||||
26,269 | 24,251 | 20,868 | 18,770 | 23,718 | 24,455 | 22,023 | 23,741 | 17,591 | 14,501 | 13,987 | 11,083 | 10,597 | 10,046 | 8,834 | 7,692 | 0 | 0 | 0 |
Proceeds from sale of assets | ||||||||||||||||||
1,559 | 1,588 | 1,136 | 1,170 | 1,401 | 1,575 | 1,707 | 2,865 | 3,124 | 4,604 | 4,578 | 3,995 | 6,329 | 5,077 | 10,258 | 9,847 | 0 | 0 | 0 |
Acquisition of businesses, net of cash acquired | ||||||||||||||||||
24,164 | 14,808 | 18,226 | 583,092 | 584,496 | 588,875 | 600,708 | 28,333 | 28,020 | 28,864 | 126,970 | 150,428 | 0 | 0 | 0 | - | - | - | - |
Cash used in investing activities | ||||||||||||||||||
-48,874 | -37,471 | -37,958 | -600,692 | -606,813 | -611,755 | -621,024 | -49,209 | -42,487 | -38,761 | -136,379 | -157,516 | -186,728 | -264,244 | -145,353 | -118,040 | 0 | 0 | 0 |
Cash flows from financing activities: | ||||||||||||||||||
Repayments on the revolving credit facility | ||||||||||||||||||
982,800 | 1,026,435 | 1,022,514 | 937,176 | 769,137 | 642,957 | 536,617 | 617,230 | 791,419 | 820,113 | 1,043,605 | 1,011,925 | 1,070,036 | 1,027,518 | 786,603 | 697,144 | 0 | 0 | 0 |
Borrowings from the revolving credit facility | ||||||||||||||||||
854,696 | 920,729 | 863,788 | 981,148 | 907,035 | 784,428 | 738,619 | 513,878 | 670,597 | 679,716 | 900,397 | 1,013,365 | 1,105,764 | 1,158,418 | 901,412 | 782,104 | 0 | 0 | 0 |
Payments of principal on long-term debt | ||||||||||||||||||
59,968 | 59,968 | 9,968 | 9,968 | 8,920 | 7,872 | 6,824 | 5,776 | 5,535 | 5,294 | 5,053 | 4,584 | 4,356 | 4,128 | 3,931 | 3,931 | 0 | 0 | 0 |
Payments of principal on finance lease obligations | ||||||||||||||||||
23,522 | 22,964 | 21,497 | 19,474 | 15,525 | 12,016 | 8,696 | 6,132 | 5,919 | 5,652 | 5,429 | 5,208 | 4,886 | 4,645 | 4,430 | 4,249 | 0 | 0 | 0 |
Proceeds from issuance of common stock in initial public offering, net of underwriting discounts | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 156,941 | 0 | 0 | 0 | - | - | - | - |
Repayments of term loan | ||||||||||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Borrowings from term loan amendment | ||||||||||||||||||
- | - | - | 996,840 | 996,840 | 996,840 | 996,840 | 577,616 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Repayments from term loan amendment | ||||||||||||||||||
- | - | - | 571,840 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Repurchases of common stock | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Debt issuance costs | ||||||||||||||||||
- | - | - | 7,933 | 5,286 | 5,286 | 5,261 | 636 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from exercises of stock options | ||||||||||||||||||
9,538 | 8,326 | 2,240 | 2,538 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 6,519 | 0 | 0 | 0 |
Other financing activities | ||||||||||||||||||
1,311 | 1,554 | 1,554 | 1,405 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Cash (used in) provided by financing activities | ||||||||||||||||||
-207,087 | -196,614 | -202,967 | 418,970 | 524,555 | 542,949 | 605,890 | -17,531 | -35,924 | -55,872 | 40,434 | 86,297 | 123,762 | 220,446 | 106,476 | 77,081 | 0 | 0 | 0 |
Effect of exchange rates on cash and cash equivalents | ||||||||||||||||||
-982 | -409 | -816 | -992 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
(Decrease) increase in cash and cash equivalents | ||||||||||||||||||
-33,398 | -16,609 | -12,742 | 10,901 | 45,408 | 33,097 | 17,129 | 21,876 | 18,337 | 3,394 | 9,908 | -4,511 | 3,219 | 6,967 | -3,339 | 6,788 | 0 | 0 | 0 |
Supplemental cash flow disclosures: | ||||||||||||||||||
Cash paid for income taxes | ||||||||||||||||||
33,429 | 34,524 | 37,169 | 19,351 | 20,070 | 20,968 | 38,125 | 38,954 | 44,337 | 46,828 | 44,410 | 49,163 | 43,648 | 42,638 | 28,092 | 26,067 | 0 | 0 | 0 |
Cash paid for interest | ||||||||||||||||||
69,935 | 69,123 | 72,466 | 66,435 | 53,145 | 45,475 | 32,801 | 28,613 | 27,597 | 27,384 | 26,622 | 26,443 | 29,726 | 31,150 | 33,227 | 34,557 | 0 | 0 | 0 |
Assets acquired under capital lease | ||||||||||||||||||
- | - | - | - | - | - | - | 9,086 | 10,696 | 10,608 | 8,543 | 9,410 | 10,069 | 9,531 | 9,083 | 7,542 | 0 | 0 | 0 |
Change in fair value of derivative instrument | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 |
Increase (decrease) in insurance claims payable and insurance recoverable | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | - | - | - | 446 | -25,715 | 0 | 0 | 0 |