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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 282,490 $ 234,607
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 38,339 39,816
Amortization 94,563 92,189
Change in deferred income taxes 15,681 13,205
Expense for stock-based compensation 19,303 14,959
(Gain) Loss on disposal of assets 301 (2,206)
Changes in operating assets and liabilities:    
Change in receivables 83,868 92,716
Change in prepaid expenses, deferred costs and other (51,255) (34,886)
Change in accounts payable 2,609 (1,529)
Change in accrued expenses (33,400) (19,164)
Change in income taxes 26,885 13,629
Change in deferred revenues (177,987) (177,021)
Net cash from operating activities 301,397 266,315
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired 0 (2,300)
Capital expenditures (28,386) (14,916)
Proceeds from dispositions 38 6,187
Purchased software (7,726) (5,820)
Computer software developed (108,950) (95,991)
Purchase of investments 0 (13,300)
Net cash from investing activities (145,024) (126,140)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 292,000 200,000
Repayments on credit facilities and financing leases (167,091) (86)
Purchase of treasury stock (193,916) (384,378)
Dividends paid (103,376) (99,778)
Proceeds from issuance of common stock upon exercise of stock options 0 1
Tax withholding payments related to share based compensation (3,709) (7,182)
Proceeds from sale of common stock 8,524 8,019
Net cash from financing activities (167,568) (283,404)
NET CHANGE IN CASH AND CASH EQUIVALENTS (11,195) (143,229)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 50,992 213,345
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 39,797 $ 70,116