Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
6 Months Ended |
May 05, 2017 |
Apr. 29, 2016 |
| Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract] |
|
|
| Net earnings |
$ 165,465
|
$ 144,942
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
| Non-cash income from finance affiliate |
(4,686)
|
(4,551)
|
| Provision for depreciation, amortization, and impairment loss |
34,548
|
31,526
|
| Stock-based compensation expense |
6,629
|
5,197
|
| Decrease in deferred income taxes |
136
|
253
|
| Other |
0
|
(464)
|
| Changes in operating assets and liabilities, net of effect of acquisitions: |
|
|
| Receivables, net |
(164,495)
|
(150,072)
|
| Inventories, net |
(30,100)
|
(37,418)
|
| Prepaid expenses and other assets |
(9,709)
|
(91)
|
| Accounts payable, accrued liabilities, deferred revenue, and other long-term liabilities |
172,643
|
159,117
|
| Net cash provided by operating activities |
170,431
|
148,439
|
| Cash flows from investing activities: |
|
|
| Purchases of property, plant, and equipment |
(22,273)
|
(22,622)
|
| Proceeds from asset disposals |
0
|
203
|
| Distributions from finance affiliate, net |
(2,708)
|
(2,865)
|
| Proceeds from sale of a business |
0
|
1,500
|
| Acquisition, net of cash acquired |
(24,181)
|
0
|
| Net cash used in investing activities |
(49,162)
|
(23,784)
|
| Cash flows from financing activities: |
|
|
| Increase in short-term debt |
832
|
0
|
| Repayments of short-term debt |
0
|
(1,161)
|
| Repayments of long-term debt |
(15,930)
|
(16,788)
|
| Proceeds from exercise of stock options |
8,222
|
14,684
|
| Purchases of Toro common stock |
(84,962)
|
(41,018)
|
| Dividends paid on Toro common stock |
(37,936)
|
(33,005)
|
| Net cash used in financing activities |
(129,774)
|
(77,288)
|
| Effect of exchange rates on cash and cash equivalents |
141
|
997
|
| Net (decrease)/increase in cash and cash equivalents |
(8,364)
|
48,364
|
| Cash and cash equivalents as of the beginning of the fiscal period |
273,555
|
126,275
|
| Cash and cash equivalents as of the end of the fiscal period |
$ 265,191
|
$ 174,639
|