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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:      
Net income $ 407,641 $ 378,657 $ 616,584
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:      
Depreciation and amortization 16,292 13,689 12,100
Amortization of debt issuance costs 1,405 1,319 1,791
Non-cash lease expense 362 1,142 251
Premium amortization and (discount accretion), net 0 88 16
Write off unamortized debt issuance costs 0 0 267
Provision for inventory obsolescence 13,391 2,413 (249)
Provision for loss on vendor deposits (3,913) 8,907 10,712
Share-based compensation 4,734 3,516 3,029
Deferred taxes (16,857) (1,842) (674)
Change in unrealized loss on available-for-sale securities 792 0 0
Provision for sales returns 553 1,004 0
Other, net 365 (555) 509
Changes in operating assets and liabilities:      
Accounts receivable (48,200) 52,657 (30,136)
Inventories (487,922) (29,565) 52,890
Vendor deposits (39,457) (79,034) (17,092)
Prepaid expenses and other assets (10,252) 1,841 (30,543)
Accounts payable 69,730 (28,686) (43,343)
Income taxes payable (14,041) (10,288) (27,774)
Deferred revenues (1,321) (3,593) 7,463
Accrued and other liabilities (38,730) 58,589 56,221
Net cash (used in) provided by operating activities (145,428) 370,259 612,022
Cash Flows from Investing Activities:      
Purchase of property and equipment and other long-term assets (20,934) (13,468) (18,325)
Purchase of investments 0 (1,479) (1,863)
Proceeds from sale of investments 0 2,457 0
Proceeds from maturities of investments 0 1,310 922
Net cash (used in) investing activities (20,934) (11,180) (19,266)
Cash Flows from Financing Activities:      
Debt issuance costs (1,205) 0 (3,257)
Repurchases of common stock 0 (618,131) (219,762)
Payment of common stock cash dividends (145,043) (148,055) (100,813)
Proceeds from exercise of stock options 23 98 125
Tax withholdings related to net share settlements of restricted stock units (686) (1,185) (998)
Net cash provided by (used in) financing activities 144,964 (472,273) (485,955)
Net increase (decrease) in cash and cash equivalents (21,398) (113,194) 106,801
Cash and cash equivalents at beginning of period 136,224 249,418 142,617
Cash and cash equivalents at end of period 114,826 136,224 249,418
Supplemental Disclosure of Cash Flow Information:      
Income taxes paid, net of refunds 109,685 78,180 139,623
Interest paid 53,870 11,561 11,811
Non-Cash Investing and Financing Activities:      
Right-of-use asset recognized 7,201 34,516 24,281
Unpaid property and equipment and other long-term assets 1,274 511 233
Term Loan Facility      
Cash Flows from Financing Activities:      
Proceeds from borrowing 250,000 0 37,500
Repayments of debt (28,125) (25,000) (18,750)
Revolving Credit Facility      
Cash Flows from Financing Activities:      
Proceeds from borrowing 415,000 345,000 75,000
Repayments of debt $ (345,000) $ (25,000) $ (255,000)