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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Mar. 31, 2024
Cash flows from operating activities      
Net income $ 165,233 $ 161,388  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 41,129 41,847  
Noncash lease expense 12,450 13,610  
Stock-based compensation expense 19,928 17,685  
Amortization of debt issuance costs 1,351 1,027  
Net losses on dispositions, and other 1,169 1,208  
Changes in operating assets and liabilities:      
Accounts receivable, net (217,089) (325,363)  
Deferred income taxes and income taxes receivable / payable 44,086 31,509  
Prepaid expenses and other current and long-term assets (26,692) (10,217)  
Accrued compensation and benefits (76,124) (56,738)  
Accounts payable and other accrued expenses 90,203 74,389  
Other current and long-term liabilities (3,516) (21,877)  
Net cash provided by (used in) operating activities 52,128 (71,532)  
Cash flows from investing activities      
Purchases of property, equipment, and software (32,442) (10,488)  
Payments for business acquisitions and dispositions, net of cash acquired (92,541) (406)  
Payments for cost method investments (2,344) (4,160)  
Net cash used in investing activities (127,327) (15,054)  
Cash flows from financing activities      
Proceeds from issuance of common stock 8,613 6,925  
Stock option exercises 3,029 11,176  
Repurchases of common stock (116,289) (128,390)  
Cash dividends paid (66,434) (63,034)  
Proceeds from revolving credit facility 0 75,000  
Repayments on revolving credit facility, term loans, and Senior Notes (10,313) (10,313)  
Net cash used in financing activities (181,394) (108,636)  
Net decrease in cash and cash equivalents (256,593) (195,222)  
Cash and cash equivalents––beginning of period 554,257 404,862 $ 404,862
Cash and cash equivalents––end of period 297,664 209,640 $ 554,257
Net cash paid during the period for:      
Interest 26,792 26,091  
Income taxes (52) 2,868  
Supplemental disclosures of non-cash investing activities:      
Unpaid property, equipment and software purchases $ 7,893 $ 0