| Nov'19 | Nov'18 | Nov'17 | Nov'16 | Nov'15 | Nov'14 | Nov'13 | Nov'12 | Nov'11 | Nov'10 | Nov'09 | Nov'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||||
Net income | |||||||||||
702,700 | 933,400 | 477,400 | 472,300 | 401,600 | 437,900 | 389,000 | 407,800 | 374,200 | 370,200 | 299,800 | 255,800 |
Adjustments to reconcile net income to net cash flow provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
158,800 | 150,700 | 125,200 | 108,700 | 105,900 | 102,700 | 106,000 | 102,800 | 98,300 | 95,100 | 94,300 | 85,600 |
Stock-based compensation | |||||||||||
37,200 | 25,600 | 23,900 | 25,600 | 18,700 | 18,200 | 18,700 | 20,200 | 13,000 | 11,900 | 12,700 | 18,200 |
Noncash nonrecurring income tax benefit (related to enactment of the U.S. Tax Act) | |||||||||||
0 | 309,400 | 0 | 0 | 9,600 | 0 | 6,400 | - | - | - | - | - |
Special charges and transaction and integration expenses | |||||||||||
0 | 3,000 | 19,100 | 7,200 | 22,800 | 5,200 | 18,600 | 0 | 0 | - | - | - |
Loss on voluntary pension settlement | |||||||||||
- | - | - | - | - | - | -15,300 | 0 | 0 | - | - | - |
Amortization of inventory fair value adjustment associated with acquisition of RB Foods | |||||||||||
0 | 0 | 20,900 | 0 | - | - | - | - | - | - | - | - |
(Gain) loss on sale of assets | |||||||||||
1,600 | 5,400 | -1,300 | -1,500 | -600 | -1,300 | -300 | -800 | -800 | 100 | 300 | 22,900 |
Deferred income tax expense | |||||||||||
20,900 | 40,100 | 24,100 | -40,000 | 1,000 | 6,100 | -15,300 | 24,300 | 38,000 | 10,500 | 24,000 | -8,800 |
Impairment charge | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 29,000 |
Income from unconsolidated operations | |||||||||||
40,900 | 34,800 | 33,900 | 36,100 | 36,700 | 29,400 | 23,200 | 21,500 | 25,400 | 25,500 | 16,300 | 18,600 |
Increase (Decrease) in Financial Instruments Used in Operating Activities | |||||||||||
0 | 0 | 2,900 | 0 | 0 | - | - | - | - | - | - | - |
Changes in operating assets and liabilities (net of effect of businesses acquired): | |||||||||||
Trade accounts receivable | |||||||||||
-12,200 | -19,800 | 13,000 | 21,000 | -15,600 | 16,400 | 29,200 | 38,800 | 8,600 | 38,200 | -45,800 | -7,700 |
Inventories | |||||||||||
20,900 | 10,000 | -44,600 | 39,000 | 18,000 | 54,400 | 59,900 | -1,200 | 111,300 | 26,800 | -15,600 | -26,800 |
Trade accounts payable | |||||||||||
128,200 | 72,800 | 98,200 | 47,000 | 40,400 | -6,700 | 12,100 | 8,200 | 49,300 | 10,500 | 3,400 | 40,800 |
Other assets and liabilities | |||||||||||
81,500 | 91,800 | -6,800 | -94,500 | 2,400 | -23,300 | -21,800 | 65,600 | 104,500 | 38,100 | -74,700 | -43,400 |
Dividends from unconsolidated affiliates | |||||||||||
31,700 | 27,200 | 23,600 | 37,400 | 30,900 | 15,800 | 4,600 | 15,600 | 16,200 | 18,000 | -10,900 | -13,400 |
Net cash flow provided by operating activities | |||||||||||
946,800 | 821,200 | 815,300 | 658,100 | 590,000 | 503,600 | 465,200 | 455,000 | 340,000 | 387,500 | 415,800 | 314,600 |
Investing activities | |||||||||||
Acquisitions of businesses (net of cash acquired) | |||||||||||
0 | 4,200 | 4,327,400 | 120,600 | 210,900 | 0 | 142,300 | 0 | 441,400 | 46,900 | - | 693,300 |
Proceeds from exit of consolidated joint venture (net of cash paid of $0.9) | |||||||||||
- | - | - | 4,200 | 0 | 0 | - | - | - | - | - | 14,000 |
Capital expenditures (including software) | |||||||||||
173,700 | 169,100 | 182,400 | 153,800 | 128,400 | 132,700 | 99,900 | 110,300 | 96,700 | 89,000 | 82,400 | 85,800 |
Proceeds from sale of property, plant and equipment | |||||||||||
- | - | - | 1,700 | 400 | 1,100 | 2,500 | 1,300 | 600 | 6,200 | 600 | 18,100 |
Other investing activities | |||||||||||
2,700 | 14,800 | 1,500 | 1,400 | 0 | 0 | - | - | - | - | - | - |
Net cash flow used in investing activities | |||||||||||
-171,000 | -158,500 | -4,508,300 | -267,100 | -338,900 | -131,600 | -239,700 | -109,000 | -537,500 | -129,700 | -81,800 | -747,000 |
Financing activities | |||||||||||
Short-term borrowings, net | |||||||||||
41,000 | 305,500 | -134,600 | 251,700 | -127,400 | 57,700 | 71,900 | -76,600 | 216,700 | -99,600 | -201,800 | 156,500 |
Proceeds from Issuance of Long-term Debt | |||||||||||
0 | 25,900 | 3,989,600 | 6,000 | 247,000 | 0 | 246,200 | 800 | 252,000 | 0 | - | 503,000 |
Payment of debt issuance costs | |||||||||||
0 | 0 | 7,700 | 0 | 0 | - | - | - | - | - | - | - |
Long-term debt borrowings | |||||||||||
447,700 | 797,900 | 272,700 | 202,000 | 1,600 | 1,600 | 251,400 | 4,700 | 101,100 | 14,400 | 50,400 | 150,400 |
Proceeds from exercised stock options | |||||||||||
90,900 | 78,200 | 29,500 | 36,800 | 38,400 | 31,700 | 44,700 | 53,100 | 58,000 | 73,600 | 35,800 | 48,800 |
Taxes withheld and paid on employee stock awards | |||||||||||
12,700 | 11,600 | 5,800 | 3,500 | 5,300 | - | - | - | - | - | - | - |
Payments of Contingent Consideration | |||||||||||
0 | 2,500 | 19,700 | 0 | 0 | - | - | - | - | - | - | - |
Payments to Acquire Interest in Joint Venture | |||||||||||
0 | 13,000 | 1,200 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from Issuance of Common Stock | |||||||||||
0 | 0 | 554,000 | 0 | 0 | - | - | - | - | - | - | - |
Common stock acquired by purchase | |||||||||||
95,100 | 62,300 | 137,800 | 242,700 | 145,800 | 244,300 | 177,400 | 132,200 | 89,300 | 82,500 | - | 11,000 |
Dividends paid | |||||||||||
302,200 | 273,400 | 237,600 | 217,800 | 204,900 | 192,400 | 179,900 | 164,700 | 148,500 | 138,200 | 125,400 | 113,500 |
Net cash flow provided by (used in) financing activities | |||||||||||
-725,800 | -751,100 | 3,756,000 | -371,500 | -199,600 | -348,900 | -245,900 | -324,300 | 187,800 | -261,100 | -341,800 | 433,400 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
8,800 | -1,800 | 5,400 | -13,700 | -16,200 | -8,800 | 4,400 | 3,400 | 12,800 | 14,600 | 8,400 | -8,000 |
Increase in cash and cash equivalents | |||||||||||
58,800 | -90,200 | 68,400 | 5,800 | 35,300 | 14,300 | -16,000 | 25,100 | 3,100 | 11,300 | 600 | -7,000 |