Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended |
Jul. 31, 2018 |
Jul. 31, 2017 |
| Cash flows from operating activities: |
|
|
| Cash received from customers |
$ 22,873,693
|
$ 19,826,856
|
| Cash paid to vendors and employees |
(22,793,148)
|
(19,356,918)
|
| Interest paid, net |
(48,829)
|
(32,425)
|
| Income taxes paid |
(37,179)
|
(66,066)
|
| Net cash (used in) provided by operating activities |
(5,463)
|
371,447
|
| Cash flows from investing activities: |
|
|
| Proceeds from sale of business, net of cash divested |
8,985
|
0
|
| Acquisition of businesses, net of cash acquired |
(2,818)
|
(2,249,344)
|
| Expenditures for property and equipment |
(14,131)
|
(12,613)
|
| Software and software development costs |
(8,592)
|
(29,200)
|
| Other |
1,096
|
(899)
|
| Net cash used in investing activities |
(15,460)
|
(2,292,056)
|
| Cash flows from financing activities: |
|
|
| Borrowings on long-term debt |
0
|
1,008,148
|
| Principal payments on long-term debt |
(105,845)
|
(210,946)
|
| Cash paid for debt issuance costs |
0
|
(5,121)
|
| Net repayments on revolving credit loans |
(8,700)
|
(18,786)
|
| Payments for employee tax withholdings on equity awards |
(6,702)
|
(5,686)
|
| Proceeds from the reissuance of treasury stock |
920
|
694
|
| Net cash (used in) provided by financing activities |
(120,327)
|
768,303
|
| Effect of exchange rate changes on cash and cash equivalents |
(21,519)
|
59,982
|
| Net decrease in cash and cash equivalents |
(162,769)
|
(1,092,324)
|
| Cash and cash equivalents at beginning of year |
955,628
|
2,125,591
|
| Cash and cash equivalents at end of period |
792,859
|
1,033,267
|
| Reconciliation of net income to net cash (used in) provided by operating activities: |
|
|
| Net income |
109,565
|
78,113
|
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: |
|
|
| Gain on disposal of subsidiary |
6,717
|
0
|
| Depreciation and amortization |
80,399
|
70,573
|
| Provision for losses on accounts receivable |
6,270
|
7,437
|
| Stock-based compensation expense |
15,555
|
12,892
|
| Accretion of debt discount and debt issuance costs |
756
|
1,174
|
| Deferred Income Tax Expense (Benefit) |
(11,396)
|
561
|
| Changes in operating assets and liabilities, net of acquisitions and disposition: |
|
|
| Accounts receivable |
602,579
|
91,589
|
| Inventories |
(166,800)
|
(236,879)
|
| Prepaid expenses and other assets |
(39,131)
|
(21,378)
|
| Accounts payable |
(486,900)
|
413,745
|
| Accrued expenses and other liabilities |
(109,643)
|
(46,380)
|
| Total adjustments |
(115,028)
|
293,334
|
| Net cash (used in) provided by operating activities |
(5,463)
|
371,447
|
| Supplemental schedule of non-cash investing activities: |
|
|
| Issuance of stock to acquire business |
$ 0
|
$ 247,232
|