XML 17 R8.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 219,422 $ 210,478
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,934 36,273
Amortization of right-of-use assets 8,508 7,761
Stock-based compensation costs 18,510 16,919
Loss attributable to equity method investments (note 5) 3,895 2,028
(Gain) loss on equity investments (note 5) 602 3,280
Changes in operating assets and liabilities:    
Accounts receivable 6,534 (56,238)
Inventories 26,911 (147,096)
Prepaid expenses, net deferred income taxes and other current assets (42,015) (36,784)
Accounts payable, accrued expenses, income taxes payable and other (1,018) 8,041
Net cash provided by operating activities 286,283 44,662
Cash flows from investing activities:    
Purchases of property, plant and equipment (30,035) (29,056)
Patent registration and acquisition costs (10,831) (3,317)
Business acquisitions, net of cash acquired (103,183) (19,100)
Purchases of investments (note 5) (3,680) (4,291)
Proceeds from exits of investments (note 5) 250 0
(Payments) / proceeds on maturity of foreign currency contracts (1,501) (3,042)
Net cash used in investing activities (148,980) (58,806)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net 983 2,610
Taxes paid related to net share settlement of equity awards (225) (59)
Payments of business combination contingent consideration (1,293) 0
Proceeds from borrowings, net of borrowing costs 105,000 50,000
Repayment of borrowings (185,000) (30,000)
Dividends paid (70,597) (64,431)
Net cash used in financing activities (151,132) (41,880)
Effect of exchange rate changes on cash (4,962) (10,523)
Net decrease in cash and cash equivalents (18,791) (66,547)
Cash and cash equivalents at beginning of period 227,891 273,710
Cash and cash equivalents at end of period 209,100 207,163
Supplemental disclosure of cash flow information:    
Income taxes paid, net of refunds 76,749 53,437
Interest paid 14,957 7,134
Fair value of assets acquired, excluding cash 34,092 9,506
Liabilities assumed (5,325) (3,975)
Goodwill on acquisition 74,416 19,281
Deferred payments 0 (2,856)
Fair value of contingent consideration 1,293 (2,856)
Cash paid for acquisitions $ 104,476 $ 19,100