|
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
|
9 Months Ended |
|
May 31, 2011
|
May 31, 2010
|
| Cash flows from (used by) operating activities: |
 |
 |
| Net loss |
$ (9,183) |
$ (213,067) |
| Adjustments to reconcile net loss to cash from (used by) operating activities: |
 |
 |
| Depreciation and amortization |
120,810 |
128,393 |
| Recoveries on receivables, net |
(2,922) |
(1,831) |
| Share-based compensation |
9,240 |
5,590 |
| Deferred income taxes |
1,357 |
(72,304) |
| Tax benefits from stock plans |
(2,367) |
(3,204) |
| Gain on sale of assets and other |
(1,569) |
(529) |
| Write-down of inventory |
7,593 |
44,680 |
| Asset impairment |
 |
32,613 |
| Changes in operating assets and liabilities, net of acquisitions: |
 |
 |
| Increase in accounts receivable |
(141,636) |
(107,275) |
| Accounts receivable sold, net |
49,890 |
29,322 |
| Increase in inventories |
(202,995) |
(41,880) |
| Decrease in other assets |
60,100 |
13,851 |
| Increase in accounts payable, accrued expenses, other payables and income taxes |
59,172 |
209,441 |
| Increase (decrease) in other long-term liabilities |
8,444 |
(6,305) |
| Net cash flows from (used by) operating activities |
(44,066) |
17,495 |
| Cash flows from (used by) investing activities: |
 |
 |
| Capital expenditures |
(51,539) |
(109,464) |
| Proceeds from the sale of property, plant and equipment and other |
52,253 |
5,287 |
| Proceeds from the sale of equity method investments |
4,224 |
 |
| Acquisitions, net of cash acquired |
 |
(2,448) |
| Increase in deposit for letters of credit |
(3,258) |
(27,238) |
| Net cash flows from (used by) investing activities |
1,680 |
(133,863) |
| Cash flows from (used by) financing activities: |
 |
 |
| Decrease in documentary letters of credit |
(54,741) |
(32,884) |
| Short-term borrowings, net change |
(8,253) |
61,317 |
| Repayments on long-term debt |
(23,473) |
(19,914) |
| Proceeds from issuance of long-term debt |
1,463 |
22,437 |
| Stock issued under incentive and purchase plans |
10,062 |
10,355 |
| Cash dividends |
(41,313) |
(40,773) |
| Purchase of noncontrolling interests |
(3,980) |
 |
| Tax benefits from stock plans |
2,367 |
3,204 |
| Net cash flows from (used by) financing activities |
(117,868) |
3,742 |
| Effect of exchange rate changes on cash |
4,503 |
(3,347) |
| Decrease in cash and cash equivalents |
(155,751) |
(115,973) |
| Cash and cash equivalents at beginning of year |
399,313 |
405,603 |
| Cash and cash equivalents at end of period |
$ 243,562 |
$ 289,630 |