‘Table of Contents Consolidated Cash Flows Statements For the Years Ended August 31, 2023, 2022 and 2021 2023 2022 2021 ‘CASH FLOWS FROM OPERATING ACTIVITIES: Netincome $7,008,580 $6,988,960 $ 5,900,505 ‘Adjustments fo reconcile Nat income fo Net cash provided by (used in) ‘operating actviues— Depreciation, amortization and other 2281085 2,088,216 1,801,282 ‘Share-based compensation expense 1.913051 1,679,789___1,342,951 Deferred tax expense (benefit) (268,953) (213,298) 60,930 Other. net (219,082) (195,975) (342,849) Change in assets and lables, net of acquisiions— Receivables and contract assets, curent and non current 87,669 (2411735) __(1A71,813) ‘Other current and non-current assets (626,228) (716,910) (501,836) ‘Accounts payable (Gm2m7) 374,349 825,472 Deferred revenues, current and non-current 759,019 648,506 554,830 ‘Accrued payroll and related benefits (261,013) 7,271,999 1,448,010 Tneome taxes payable, current and ner-current 713,251 473,318 111,795 ‘ther current and non-currentNabilies (86,744) (446,08) (041,329) Net cash provided by (used in) operating activities 9,524,268 9,541,129 —~8975,148 ‘CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment (25,172) __ (717,988) (680,132) Purchases of businesses and invesimants, nel of cash acquved (2,580,863) (3.447.552) (4,171,123) Proceeds from the sale of businesses and investments, net of cash Wansterred 424,987 (107.659) 413.553 ‘Other investing, net 72,178 72,580 27.536 Not cash provided by (used in) Investing activities (622,470) (4,260,628) (4,309,766) ‘CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of shares 71507068 1.948064 1,085,775 Purchases of shares (4,330,403) (4,116,378) (3,703,124) Proceeds from (repayments of debt, net 93,258 (15.453), (7.798) Gash dividends paid (2827.39) _(2457,306) (2,236,094) Other fnancing, net (61,856) (69,953) (45.036) Net cash provided by (used in) financing activities (545,328) (6,311,026) (4,926,337) Effect of exchange rate changes on cash and cash equivalents (904,273) (247.815) 13,799 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 7,155,199 (278,341) (247,156) ‘CASH AND CASH EQUIVALENTS, beginning of period 7,889,833 8,168,174 6,415,330 ‘CASH AND CASH EQUIVALENTS, end of period 045,032 $7,889,833 $ 8,168,174 ‘SUPPLEMENTAL CASH FLOW INFORMATION: Tnterest paid 45505 _$ 45970 8 36,182 Tncome taxes paid, net S_2315,920 $1,778,922 $ 1,566,753, The accompanying Notes are an integral part of these Consolidated Financial Statements.