XML 16 R5.htm IDEA: XBRL DOCUMENT v3.23.3Close
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Cash flows from operating activities:    
Net income $ 55,033 $ 137,423
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 34,934 31,774
Amortization of intangible assets 32,344 35,219
Amortization of debt issuance costs 2,872 2,835
Deferred income tax expense (benefit) 2,417 (1,920)
(Gain) loss on disposition of property, plant and equipment 49 (141)
Stock-based compensation expense 10,452 8,392
Changes in assets and liabilities:    
Accounts receivable 20,979 131,483
Inventories (94,527) (116,151)
Prepaid income taxes, expenses and other 23,839 17,345
Accounts payable 25,150 (141,934)
Accrued liabilities (46,438) (8,047)
Long-term liabilities and other (7,436) (2,262)
Net cash provided by operating activities 59,668 94,016 Close
Cash flows from investing activities:    
Purchases of property, plant and equipment (38,211) (55,883)
Proceeds from dispositions of property, plant and equipment 275 2,935
Business acquisitions, net of cash acquired (4,000) 0
Other (9,126) (5,000)
Net cash used in investing activities (51,062) (57,948) Close
Cash flows from financing activities:    
Borrowings on revolving asset-based credit facilities 53,449 0
Payments on revolving asset-based credit facilities (51,925) (15,000)
Payments on term-loan credit facilities 0 (12,355)
Payments on other debt (1,767) (2,714)
Payments on finance lease obligations (180) (310)
Purchase of treasury shares (30,037) (25,407)
Short-term financial obligations and other, net 11,307 2,537
Net cash used in financing activities (19,153) (53,249) Close
Effect of exchange rate changes on cash and cash equivalents (4,857) (2,668) Close
Net decrease in cash and cash equivalents (15,404) (19,849) Close
Cash and cash equivalents, beginning of period 441,232 311,553
Cash and cash equivalents, end of period 425,828 291,704
Supplemental cash flow information:    
Income taxes paid 7,153 17,174
Interest paid 26,203 25,786
Non-cash investing and financing transactions:    
Capital expenditures in accounts payable 7,427 2,940
Quarterly dividends payable $ 25,539 $ 24,081