| Aug'19 | Sep'18 | Sep'17 | Aug'16 | Aug'15 | Aug'14 | Aug'13 | Aug'12 | Aug'11 | Aug'10 | Aug'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||||||
Net income | ||||||||||
288,797 | 329,223 | 231,431 | 231,216 | 231,308 | 236,067 | 237,995 | 259,031 | 218,786 | 150,373 | 125,122 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
65,377 | 63,154 | 62,980 | 71,930 | 69,729 | 64,946 | 49,479 | 34,723 | 29,159 | 26,049 | 26,950 |
Stock-based compensation | ||||||||||
16,283 | 14,934 | 13,925 | 13,985 | 14,195 | 16,688 | 15,824 | 15,262 | 14,768 | 13,525 | 10,904 |
Loss on disposal of property, plant, and equipment | ||||||||||
-416 | -479 | -678 | -752 | -1,453 | -2,361 | -941 | -1,129 | -116 | -18 | - |
Provision for doubtful accounts | ||||||||||
10,763 | 6,938 | 7,048 | 6,997 | 6,665 | 4,629 | 3,499 | 3,560 | 2,733 | 1,892 | 4,247 |
Deferred income taxes and tax uncertainties | ||||||||||
14,297 | -19,577 | 13,482 | 15,007 | 15,035 | 11,829 | 6,360 | 2,765 | 15,270 | 6,456 | 4,389 |
Excess tax benefits from stock-based compensation | ||||||||||
- | - | - | 1,536 | 3,956 | 5,480 | 6,040 | 4,888 | 7,356 | 4,774 | 1,782 |
Write-off of deferred financing costs on previous credit facility | ||||||||||
- | - | 94 | - | - | - | 594 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
26,948 | 49,827 | 72,230 | -2,595 | 29,347 | 41,460 | 15,630 | 30,213 | 38,304 | 57,884 | -45,877 |
Inventories | ||||||||||
32,528 | 33,235 | 15,871 | -61,047 | 59,008 | 30,342 | -23,409 | 45,306 | 46,895 | 39,748 | -72,868 |
Prepaid expenses and other current assets | ||||||||||
8,316 | 4,865 | 7,428 | 6,303 | -1,268 | 6,319 | 1,619 | 6,598 | 1,782 | 3,359 | -1,932 |
Other assets | ||||||||||
2,064 | -1,094 | -548 | -142 | 1,354 | -1,857 | 1,784 | -1,268 | -2,019 | -2,126 | -263 |
Accounts payable and accrued liabilities | ||||||||||
2,349 | 31,340 | 12,184 | 5,271 | 3,803 | 17,630 | 12,409 | 3,551 | 21,448 | 55,183 | -5,322 |
Total adjustments | ||||||||||
39,629 | 10,435 | 15,410 | 169,887 | 18,483 | 36,339 | 87,442 | -24,747 | -8,824 | -516 | 160,326 |
Net cash provided by operating activities | ||||||||||
328,426 | 339,658 | 246,841 | 401,103 | 249,791 | 272,406 | 325,437 | 234,284 | 209,962 | 149,857 | 285,448 |
Cash Flows from Investing Activities: | ||||||||||
Expenditures for property, plant and equipment | ||||||||||
51,773 | 44,919 | 46,548 | 87,930 | 51,405 | 70,617 | 89,252 | 47,691 | 25,479 | 30,304 | 22,740 |
Proceeds from sale of available for sale securities | ||||||||||
27,025 | - | - | - | - | - | - | - | - | - | - |
Investment in available for sale securities | ||||||||||
- | - | - | - | - | 25,023 | - | - | - | - | - |
Cash used in business acquisitions, net of cash acquired | ||||||||||
11,625 | 87,000 | 42,345 | - | - | -1,434 | 548,769 | 33,451 | 28,948 | - | - |
Proceeds from sale of property, plant and equipment | ||||||||||
- | - | - | - | - | - | - | - | - | - | 448 |
Net cash used in investing activities | ||||||||||
-36,373 | -131,919 | -88,893 | -87,930 | -51,405 | -94,206 | -638,021 | -81,142 | -54,427 | -30,304 | -22,292 |
Cash Flows from Financing Activities: | ||||||||||
Repurchases of common stock | ||||||||||
84,611 | 82,369 | 49,182 | 383,798 | 33,414 | 191,359 | 3,773 | 48,098 | 69,279 | 48,244 | 1,206 |
Payments of regular cash dividends | ||||||||||
145,709 | 125,430 | 102,216 | 105,778 | 98,828 | 82,607 | 75,860 | 63,024 | 119,257 | 51,726 | 49,879 |
Proceeds from long-term debt | ||||||||||
- | 110,000 | - | 175,000 | - | - | - | - | - | - | - |
Payment of special cash dividends | ||||||||||
- | - | - | - | 185,403 | - | - | - | - | - | - |
Excess tax benefits from stock-based compensation | ||||||||||
- | - | - | - | 3,956 | 5,480 | 6,040 | 4,888 | 7,356 | 4,774 | 1,782 |
Proceeds from sale of Class A common stock in connection with associate stock purchase plan | ||||||||||
4,600 | 4,461 | 4,243 | 4,084 | 4,285 | 3,998 | 3,785 | 3,387 | 2,983 | 2,598 | 2,644 |
Proceeds from exercise of Class A common stock options | ||||||||||
15,640 | 24,243 | 26,887 | 7,410 | 11,119 | 20,447 | 21,664 | 22,422 | 37,683 | 22,803 | 6,123 |
Borrowings under the revolving credit facilities | ||||||||||
382,000 | 242,000 | 546,000 | 305,000 | 336,000 | 135,000 | 370,000 | - | 0 | - | - |
Contributions from noncontrolling interest | ||||||||||
918 | - | - | - | - | - | - | - | - | - | - |
Credit Facility financing costs | ||||||||||
- | - | - | - | - | - | 1,912 | - | 938 | - | - |
Payments under the revolving credit facilities | ||||||||||
451,000 | 350,000 | 618,500 | 301,000 | 243,000 | 77,500 | 120,000 | - | 39,361 | 59,109 | 43,729 |
Payments on capital lease and financing obligations | ||||||||||
28,370 | 1,066 | 1,175 | - | 2,290 | 1,851 | 1,300 | 1,385 | - | - | - |
Borrowings under financing obligations | ||||||||||
- | - | - | - | 530 | 1,353 | - | - | - | - | - |
Other, net | ||||||||||
903 | 575 | -803 | 714 | - | - | 1,417 | 1,192 | - | - | - |
Borrowings under the revolving credit line commitment from credit facility | ||||||||||
- | - | - | - | - | - | - | - | - | - | 4,000 |
Payments under revolving loans from credit facility | ||||||||||
- | - | - | - | - | - | - | - | - | 95,000 | - |
Net cash used in financing activities | ||||||||||
-305,629 | -177,586 | -194,746 | -298,368 | -207,045 | -187,039 | 200,061 | -80,618 | -180,813 | -223,904 | -80,265 |
Effect of foreign exchange rate changes on cash and cash equivalents | ||||||||||
-355 | -19 | -9 | -182 | -228 | 117 | -54 | -30 | 46 | -30 | -162 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
-13,931 | 30,134 | -36,807 | 14,623 | -8,887 | -8,722 | -112,577 | 72,494 | -25,232 | -104,381 | 182,729 |
Supplemental Disclosure of Cash Flow Information: | ||||||||||
Cash paid for income taxes | ||||||||||
79,334 | 100,504 | 121,691 | 127,965 | 122,988 | 128,558 | 130,342 | 145,651 | 109,001 | 77,682 | 65,911 |
Cash paid for interest | ||||||||||
16,648 | 13,448 | 11,695 | 4,986 | 5,843 | 3,087 | 1,281 | 55 | 93 | 1,030 | 4,044 |