| Jul'14 | Jul'13 | Jul'12 | Jul'11 | Jul'10 | Jul'09 | |
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||
Net earnings | ||||||
363,956 | 574,935 | 319,309 | 315,496 | 241,248 | 195,619 | |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||
Restructuring and other charges, net | ||||||
- | - | - | 7,336 | 976 | 4,317 | |
Depreciation and amortization of long-lived assets | ||||||
116,392 | 106,284 | 111,105 | 98,106 | 93,628 | 89,439 | |
Non-cash stock compensation | ||||||
31,683 | 29,778 | 31,864 | 26,433 | 24,616 | 23,484 | |
Write-off of deferred financing costs | ||||||
- | - | - | - | 3,245 | 0 | |
Redemption premium on senior notes | ||||||
- | - | - | - | 28,268 | 0 | |
Excess tax benefits from stock based compensation arrangements | ||||||
12,890 | 15,812 | 7,757 | 12,777 | 2,671 | 457 | |
Amortization of deferred revenue | ||||||
2,154 | 2,154 | 2,154 | 2,154 | 2,154 | 2,154 | |
Deferred income taxes | ||||||
6,931 | 11,314 | -9,095 | 10,512 | -4,976 | -10,642 | |
Provisions for doubtful accounts | ||||||
1,603 | 7,173 | 3,387 | 1,455 | 1,349 | 2,864 | |
(Gain)/loss on sale of assets | ||||||
-3,782 | 390,187 | 9,289 | -3,195 | -1,412 | - | |
Other | ||||||
-1,470 | -2,233 | -1,469 | -1,199 | -9 | 355 | |
Inventories | ||||||
-12,040 | 17,088 | -24,111 | 5,177 | 8,415 | -57,147 | |
Accounts receivable | ||||||
26,080 | -81,916 | 50,753 | 41,607 | 14,806 | -19,954 | |
Income taxes receivable/payable | ||||||
28,277 | 6,981 | 22,238 | 3,812 | -7,368 | 656 | |
Accounts payable and accrued expenses | ||||||
54 | -123,801 | 83,742 | 39,324 | 67,098 | -42,071 | |
Other assets | ||||||
12,708 | -13,993 | 21,245 | 6,579 | 23,972 | -20,412 | |
Other liabilities | ||||||
-8,444 | 98,894 | -22,084 | -8,587 | -19,627 | -30,718 | |
Net cash provided by operating activities | ||||||
503,912 | 384,459 | 474,848 | 429,987 | 377,860 | 327,495 | |
INVESTING ACTIVITIES | ||||||
Capital expenditures | ||||||
74,737 | 110,182 | 158,909 | 160,771 | 136,313 | 133,049 | |
Acquisition of businesses, net of cash acquired | ||||||
318,978 | 21,970 | 167,638 | 0 | 8,984 | 37,249 | |
Purchases of retirement benefit assets | ||||||
45,045 | 45,718 | 49,552 | 75,142 | 58,599 | 20,555 | |
Proceeds from retirement benefit assets | ||||||
52,695 | 46,147 | 50,830 | 63,222 | 47,442 | 18,737 | |
Proceeds from sale of assets | ||||||
6,099 | 537,625 | 26,551 | 1,971 | 1,603 | 4,241 | |
Other | ||||||
13,543 | 6,602 | 11,107 | 5,821 | 13,883 | 14,155 | |
Net cash used by investing activities | ||||||
-393,509 | 399,300 | -309,825 | -176,541 | -168,734 | -182,030 | |
FINANCING ACTIVITIES | ||||||
Notes payable | ||||||
254,976 | -34,973 | -10,017 | 174,600 | -2,016 | 19,493 | |
Dividends paid | ||||||
118,758 | 108,054 | 88,955 | 77,641 | 71,284 | 64,914 | |
Long-term borrowings | ||||||
0 | 14 | 106 | 35,185 | 798,290 | 171,010 | |
Repayments of short-term debt | ||||||
3,927 | 0 | 0 | - | - | - | |
Repayments of long-term debt | ||||||
718 | 461 | 511 | 298,528 | 737,675 | 213,974 | |
Net proceeds from stock plans | ||||||
12,625 | 36,240 | 39,562 | 60,329 | 23,929 | 15,757 | |
Redemption premium on senior notes | ||||||
- | - | - | - | 28,268 | 0 | |
Additions to deferred financing costs | ||||||
0 | 3,043 | 0 | 0 | 6,311 | 0 | |
Purchase of treasury stock | ||||||
250,000 | 250,000 | 121,164 | 149,907 | 99,999 | 96,439 | |
Excess tax benefits from stock-based compensation arrangements | ||||||
12,890 | 15,812 | 7,757 | 12,777 | 2,671 | 457 | |
Net cash used by financing activities | ||||||
-92,912 | -344,465 | -173,222 | -243,185 | -120,663 | -168,610 | |
Cash and cash equivalents at beginning of year | ||||||
9,733 | -2,682 | -49,293 | 48,942 | -3,911 | -16,909 | |
Net increase in cash and cash equivalents | ||||||
17,491 | 439,294 | -8,199 | 10,261 | 88,463 | -23,145 | |
Supplemental Disclosures | ||||||
Interest paid | ||||||
23,788 | 34,373 | 23,988 | 25,866 | 35,611 | 40,740 | |
Income taxes paid (net of refunds) | ||||||
57,981 | 144,733 | 90,806 | 93,175 | 91,871 | 84,680 | |