|
Consolidated Statement Of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Jan. 31, 2012
|
Jan. 31, 2011
|
Jan. 31, 2010
|
| Cash flows from operating activities: |
|
|
|
| Cash received from customers |
$ 26,435,178 |
$ 24,258,805 |
$ 21,927,372 |
| Cash paid to vendors and employees |
(25,827,475) |
(24,008,367) |
(21,329,102) |
| Interest paid, net |
(18,313) |
(15,927) |
(14,015) |
| Income taxes paid |
(85,978) |
(73,211) |
(48,790) |
| Net cash provided by operating activities |
503,412 |
161,300 |
535,465 |
| Cash flows from investing activities: |
|
|
|
| Acquisition of businesses, net of cash acquired |
(24,898) |
(141,138) |
(8,153) |
| Proceeds from sale of property and equipment |
0 |
0 |
5,491 |
| Expenditures for property and equipment |
(13,385) |
(18,614) |
(14,486) |
| Software and software development costs |
(30,985) |
(13,288) |
(14,379) |
| Net cash used in investing activities |
(69,268) |
(173,040) |
(31,527) |
| Cash flows from financing activities: |
|
|
|
| Proceeds from the reissuance of treasury stock |
35,093 |
5,005 |
37,959 |
| Cash paid for purchase of treasury stock |
(314,886) |
(200,000) |
0 |
| Capital contributions and borrowings from joint venture partner |
460 |
34,556 |
23,208 |
| Net (repayments) borrowings on revolving credit loans |
(41,195) |
(46,645) |
(19,116) |
| Principal payments on long-term debt |
(352,316) |
(454) |
(5,654) |
| Excess tax benefit from stock-based compensation |
2,003 |
1,180 |
963 |
| Net cash (used in) provided by financing activities |
(670,841) |
(206,358) |
37,360 |
| Effect of exchange rate changes on cash and cash equivalents |
(21,850) |
(1,090) |
38,793 |
| Net (decrease) increase in cash and cash equivalents |
(258,547) |
(219,188) |
580,091 |
| Cash and cash equivalents at beginning of year |
763,725 |
982,913 |
402,822 |
| Cash and cash equivalents at end of year |
505,178 |
763,725 |
982,913 |
| Reconciliation of net income to net cash provided by operating activities: |
|
|
|
| Net income attributable to shareholders of Tech Data Corporation |
206,396 |
214,243 |
180,155 |
| Net income attributable to noncontrolling interest |
10,452 |
4,620 |
1,045 |
| Consolidated net income |
216,848 |
218,863 |
181,200 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: |
|
|
|
| Loss on disposal of subsidiaries |
28,294 |
0 |
0 |
| Depreciation and amortization |
57,332 |
47,285 |
45,954 |
| Provision for losses on accounts receivable |
10,546 |
11,517 |
10,953 |
| Stock-based compensation expense |
10,699 |
9,887 |
11,225 |
| Accretion of debt discount on convertible senior debentures |
8,994 |
10,278 |
10,278 |
| Deferred income taxes |
(29,746) |
6,972 |
(2,541) |
| Excess tax benefit from stock-based compensation |
(2,003) |
(1,180) |
(963) |
| Changes in operating assets and liabilities, net of acquisitions: |
|
|
|
| Accounts receivable |
(48,887) |
(113,303) |
(168,152) |
| Inventories |
370,858 |
(349,429) |
116,543 |
| Prepaid expenses and other assets |
(43,358) |
(34,601) |
21,290 |
| Accounts payable |
(41,081) |
335,813 |
328,122 |
| Accrued expenses and other liabilities |
(35,084) |
19,198 |
(18,444) |
| Total adjustments |
286,564 |
(57,563) |
354,265 |
| Net cash provided by operating activities |
$ 503,412 |
$ 161,300 |
$ 535,465 |