XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income $ 462,252 $ 287,679
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,313 5,098
Impairment of equity investment 0 5,000
Amortization of debt issuance costs 1,462 1,308
Non-cash lease expense 226 1,085
Premium amortization and (discount accretion), net 5 (56)
Write off unamortized debt issuance costs 267 105
Provision for inventory obsolescence 569 5,823
Provision for loss on vendor deposits and purchase commitments 7,502 1,587
Stock-based compensation 2,265 2,144
Deferred taxes 595 126
Other, net 495 102
Changes in operating assets and liabilities:    
Accounts receivable (45,166) (17,839)
Inventories 60,837 53,293
Vendor deposits (3,554) 2,442
Prepaid income taxes 2 4
Prepaid expenses and other assets (27,059) 3,399
Accounts payable (91,447) 22,715
Income taxes payable (26,224) (25,413)
Deferred revenues 8,798 1,093
Accrued and other liabilities 87,635 (14,365)
Net cash provided by operating activities 447,773 335,330
Cash Flows from Investing Activities:    
Purchase of property and equipment and other long-term assets (16,002) (28,786)
Purchase of investments 0 (27,957)
Proceeds from sale of investments 0 103,848
Proceeds from maturities of investments 922 13,272
Net cash provided by (used in) investing activities (15,080) 60,377
Cash Flows from Financing Activities:    
Debt issuance costs (3,257) (3,138)
Repurchases of common stock (152,646) (681,205)
Payment of common stock cash dividends (75,709) (59,576)
Proceeds from exercise of stock options 91 152
Tax withholdings related to net share settlements of restricted stock units (998) (1,056)
Net cash (used in) financing activities (312,519) (556,073)
Net increase (decrease) in cash and cash equivalents 120,174 (160,366)
Cash and cash equivalents at beginning of period 142,617 238,147
Cash and cash equivalents at end of period 262,791 77,781
Term loan facility    
Cash Flows from Financing Activities:    
Proceeds from borrowing 37,500 37,500
Repayments of debt (12,500) (18,750)
Revolving credit facility    
Cash Flows from Financing Activities:    
Proceeds from borrowing 75,000 340,000
Repayments of debt $ (180,000) $ (170,000)