XML 74 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 443,839 $ 335,791
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 116,341 108,203
Amortization of right-of-use-assets 19,524  
Stock-based compensation costs 41,421 37,856
Loss attributable to equity method investments (note 5) 19,082 9,371
Impairment of equity investments (note 5) 14,519 8,801
Gain on previously held equity interest (note 13)   (1,909)
Changes in fair value of business combination contingent consideration (7) (272)
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable (34,140) (1,482)
Inventories (22,564) (55,002)
Prepaid expenses, net deferred income taxes and other current assets (68,724) (17,453)
Accounts payable, accrued expenses and other (57,301) (106,671)
Net cash provided by operating activities 471,990 317,233
Cash flows from investing activities:    
Purchases of property, plant and equipment (77,360) (46,507)
Patent registration costs (7,391) (6,556)
Business acquisitions, net of cash acquired (note 13) (27,910) (951,565)
Purchases of investments (note 5) (31,616) (31,092)
Payments on maturity of foreign currency contracts (32,177) 3,902
Net cash used in investing activities (176,454) (1,031,818)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net 26,112 15,346
Taxes paid related to net share settlement of equity awards (45,106) (27,880)
Purchases of treasury stock   (22,844)
Payments of business combination contingent consideration (302) (648)
Proceeds from borrowings, net of borrowing costs 990,000 1,414,230
Repayment of borrowings (883,012) (541,394)
Dividend paid (168,610) (158,592)
Net cash provided by (used in) financing activities (80,918) 678,218
Effect of exchange rate changes on cash (8,885) (5,821)
Net increaase (decrease) in cash and cash equivalents 205,733 (42,188)
Cash and cash equivalents at beginning of period 147,128 188,701
Cash and cash equivalents at end of period 352,861 146,513
Supplemental disclosure of cash flow information:    
Income taxes paid, net of refunds 150,801 211,816
Interest paid 31,180 23,608
Fair value of assets acquired, excluding cash 14,922 400,804
Liabilities assumed (4,294) (320,923)
Goodwill on acquisition 20,550 879,419
Deferred payments 232 (7,568)
Fair value of contingent consideration (3,500) (167)
Cash paid for acquisitions $ 27,910 $ 951,565