XML 21 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 296,668 $ 271,885 $ 365,034
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 52,206 47,378 47,975
Amortization 119,599 113,255 104,011
Change in deferred income taxes 24,581 7,604 (74,884)
Expense for stock-based compensation 16,883 12,589 11,758
(Gain)/loss on disposal of assets and businesses 4,735 161 (954)
Changes in operating assets and liabilities:      
Change in receivables 10,540 (11,777) 21,489
Change in prepaid expenses, deferred costs and other (25,759) (62,165) (82,663)
Change in accounts payable (47) (7,526) 6,922
Change in accrued expenses 19,720 31,889 7,091
Change in income taxes (3,723) 4,179 5,108
Change in deferred revenues (4,871) 23,656 1,255
Net cash from operating activities 510,532 431,128 412,142
CASH FLOWS FROM INVESTING ACTIVITIES:      
Payment for acquisitions, net of cash acquired (30,376) (19,981) (137,562)
Capital expenditures (53,538) (53,598) (40,135)
Proceeds from the sale of businesses 0 0 350
Proceeds from the sale of assets 11,130 127 306
Customer contracts acquired 0 (20) 0
Purchased software (6,710) (6,049) (13,138)
Computer software developed (117,262) (111,114) (96,647)
Purchase of investments (1,150) 0 (5,000)
Net cash from investing activities (197,906) (190,635) (291,826)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings on credit facilities 55,000 35,000 125,000
Repayments on credit facilities (55,033) (35,000) (175,000)
Purchase of treasury stock (71,549) (54,864) (48,986)
Dividends paid (127,421) (118,745) (105,021)
Proceeds from issuance of common stock upon exercise of stock options 0 237 176
Tax withholding payments related to share based compensation (3,739) (13,973) (7,333)
Proceeds from sale of common stock 9,833 9,040 7,523
Net cash from financing activities (192,909) (178,305) (203,641)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total 119,717 62,188 (83,325)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 93,628 31,440 114,765
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 213,345 $ 93,628 $ 31,440