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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 234,607 $ 235,323
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 39,816 38,812
Amortization 92,189 89,160
Change in deferred income taxes 13,205 9,082
Expense for stock-based compensation 14,959 11,688
(Gain) Loss on Disposal of Assets (2,206) 3,095
Changes in operating assets and liabilities:    
Change in receivables 92,716 99,425
Change in prepaid expenses, deferred costs and other (34,886) (28,396)
Change in accounts payable (1,529) (2,129)
Change in accrued expenses (19,164) (21,446)
Change in income taxes 13,629 9,905
Change in deferred revenues (177,021) (168,066)
Net cash from operating activities 266,315 276,453
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired (2,300) (30,376)
Capital expenditures (14,916) (39,563)
Proceeds from dispositions 6,187 11,106
Purchased Software (5,820) (6,133)
Computer software developed (95,991) (87,284)
Purchase of Investments (13,300) (1,150)
Net cash from investing activities (126,140) (153,400)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 200,000 55,000
Repayments on financing leases (86) (6)
Purchase of treasury stock (384,378) (71,549)
Dividends paid (99,778) (94,486)
Proceeds from issuance of common stock upon exercise of stock options 1 0
Tax withholding payments related to share based compensation (7,182) (3,327)
Proceeds from sale of common stock 8,019 7,201
Net cash from financing activities (283,404) (107,167)
NET CHANGE IN CASH AND CASH EQUIVALENTS (143,229) 15,886
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 213,345 93,628
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 70,116 $ 109,514