| Oct'19 | Oct'18 | Oct'17 | Oct'16 | Oct'15 | Oct'14 | Oct'13 | Oct'12 | Oct'11 | Oct'10 | Oct'09 | Oct'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net Income (Loss) Available to Common Stockholders, Basic | |||||||||||
273,983 | 271,939 | 267,717 | 230,994 | 201,591 | 173,870 | 154,845 | 129,541 | 117,658 | 93,237 | 62,837 | 119,651 |
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities: | |||||||||||
Non-cash income from finance affiliate | |||||||||||
11,948 | 11,143 | 9,960 | 9,588 | 8,353 | 7,262 | 7,097 | 5,996 | 5,682 | 2,599 | -136 | -859 |
Distributions from (contributions to) finance affiliate, net | |||||||||||
-10,343 | -9,228 | -8,050 | -9,848 | -4,264 | -5,672 | -6,342 | -5,091 | -3,034 | 3,659 | 3,811 | - |
Depreciation of property, plant and equipment | |||||||||||
69,300 | 53,500 | 54,700 | - | - | - | - | - | - | - | - | - |
Amortization of other intangible assets | |||||||||||
18,384 | 7,793 | 10,307 | - | - | - | - | - | - | - | - | - |
Fair value step-up adjustment to acquired inventory | |||||||||||
39,368 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Provision for depreciation and amortization | |||||||||||
- | - | - | 64,097 | 63,143 | 53,138 | 54,134 | 53,634 | 48,506 | 45,011 | 44,535 | 48,194 |
Stock-based compensation expense | |||||||||||
13,429 | 12,161 | 13,517 | 10,637 | 10,836 | 11,291 | 10,237 | 9,503 | 8,533 | 6,442 | 4,116 | 5,684 |
Deferred income taxes | |||||||||||
6,190 | -25,255 | 6,887 | -10,075 | -200 | 4,700 | -149 | 206 | 2,006 | -2,940 | -4,691 | -5,466 |
Gain on sale of a business | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 113 |
Other | |||||||||||
-6,357 | -507 | -202 | 464 | 128 | -28 | -10 | 132 | 118 | 85 | 18 | 196 |
Changes in operating assets and liabilities, net of effect of acquisitions: | |||||||||||
Receivables, net | |||||||||||
11,042 | 10,365 | 17,701 | -15,785 | 25,647 | 5,042 | 11,912 | 495 | 2,908 | 80 | -126,721 | -14,770 |
Inventories, net | |||||||||||
104,832 | 29,770 | 15,611 | -23,192 | 52,656 | 37,183 | -9,373 | 21,973 | 25,667 | 9,920 | -40,036 | -29,949 |
Prepaid expenses and other assets | |||||||||||
-9,747 | 11,744 | 3,424 | 905 | 607 | 3,245 | 6,825 | 6,741 | 7,144 | -3,056 | 4,360 | -719 |
Accounts payable, accrued liabilities, deferred revenue and other liabilities | |||||||||||
30,458 | 47,460 | 59,859 | 30,614 | 56,949 | 1,470 | 18,962 | 28,663 | -17,295 | 55,505 | -27,224 | 1,671 |
Net cash (used in) provided by operating activities | |||||||||||
337,371 | 364,805 | 360,748 | 384,285 | 249,592 | 182,365 | 221,876 | 185,798 | 113,877 | 193,507 | 251,470 | 215,722 |
Cash flows from investing activities: | |||||||||||
Purchases of property, plant and equipment | |||||||||||
92,881 | 90,124 | 58,276 | 50,723 | 56,374 | 71,138 | 49,427 | 43,242 | 57,447 | 48,699 | 37,939 | 48,914 |
Proceeds from asset disposals | |||||||||||
4,669 | 151 | 199 | 310 | 179 | 479 | 413 | 491 | 653 | 574 | 208 | 1,021 |
Proceeds from sale of a business | |||||||||||
12,941 | 0 | 0 | 1,500 | 0 | - | - | - | - | - | - | 1,048 |
Other | |||||||||||
- | - | - | - | - | - | - | - | 360 | -635 | - | - |
Investment in unconsolidated entities | |||||||||||
200 | 6,750 | 1,500 | 0 | 0 | - | - | - | - | - | - | 250 |
(Increase) decrease in other assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,982 | -35 |
Acquisitions, net of cash acquired | |||||||||||
697,471 | 31,202 | 24,181 | 0 | 198,329 | 715 | 2,101 | 9,663 | 15,155 | 9,657 | 6,400 | 4,430 |
Net cash used in investing activities | |||||||||||
-772,942 | -127,925 | -83,758 | -48,913 | -254,524 | -65,702 | -44,773 | -47,323 | -69,275 | -60,806 | -45,960 | -51,560 |
Cash flows from financing activities: | |||||||||||
Borrowings under debt arrangements | |||||||||||
900,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Repayments under debt arrangements | |||||||||||
511,000 | 19,757 | 19,136 | - | - | - | - | 1,858 | 1,857 | 3,646 | 3,422 | 1,497 |
Short-term debt repayments, net | |||||||||||
- | - | - | -1,161 | -21,283 | 19,498 | -415 | -922 | -776 | 776 | -2,326 | 2,887 |
Payments on long-term debt | |||||||||||
- | - | - | -24,107 | -7,227 | 129,557 | -1,739 | - | - | - | - | - |
Excess tax benefits from stock-based awards | |||||||||||
- | - | - | - | - | 8,857 | 6,134 | 9,017 | 2,988 | 3,396 | 7,403 | 3,522 |
Proceeds from exercise of stock options | |||||||||||
29,336 | 17,243 | 10,274 | 20,226 | 9,203 | 7,192 | 9,808 | 20,347 | 14,467 | 16,680 | 13,726 | 3,997 |
Payments of withholding taxes for stock awards | |||||||||||
2,662 | 4,095 | 1,294 | 2,013 | 1,000 | - | - | - | - | - | - | - |
Purchases of Toro common stock | |||||||||||
20,043 | 160,435 | 159,354 | 109,986 | 105,964 | 103,039 | 99,587 | 93,395 | 129,955 | 135,777 | 115,283 | 110,355 |
Dividends paid on Toro common stock | |||||||||||
96,133 | 85,031 | 75,758 | 65,890 | 55,549 | 45,048 | 32,499 | 26,230 | 24,970 | 23,721 | 21,403 | 22,615 |
Net cash used in financing activities | |||||||||||
299,498 | -252,075 | -245,268 | -182,931 | -181,820 | 17,017 | -118,298 | -93,041 | -140,103 | -142,292 | -121,305 | -124,061 |
Effect of exchange rates on cash and cash equivalents | |||||||||||
-1,223 | -5,937 | 4,979 | -5,161 | -1,846 | -1,800 | -1,668 | -464 | -979 | -816 | 4,209 | -2,789 |
Net decrease in cash and cash equivalents | |||||||||||
-137,296 | -21,132 | 36,701 | 147,280 | -188,598 | 131,880 | 57,137 | 44,970 | -96,480 | -10,407 | 88,414 | 37,312 |
Supplemental disclosures of cash flow information: | |||||||||||
Cash paid during the fiscal year for: | |||||||||||
Interest | |||||||||||
30,167 | 19,979 | 19,457 | 19,883 | 18,133 | 16,925 | 17,054 | 17,147 | 17,120 | 17,281 | 17,724 | 19,797 |
Income taxes | |||||||||||
54,738 | 75,805 | 97,057 | 82,225 | 77,043 | 76,325 | 76,186 | 58,709 | 60,296 | 28,569 | 29,803 | 55,850 |
Shares issued in connection with stock-based compensation plans | |||||||||||
- | - | - | - | 7,705 | 6,619 | 6,629 | 2,986 | 4,005 | 903 | 1,524 | 2,305 |
Payment obligations issued in connection with acquisitions | |||||||||||
- | - | - | - | 31,161 | 420 | 1,395 | 100 | 3,515 | 440 | 1,500 | - |
Long-term debt issued in connection with acquisitions | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 3,130 |