XML 22 R6.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 265,604 $ 301,171 $ 163,671
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 85,877 72,196 71,760
Amortization of deferred financing costs 2,406 4,061 4,484
Loss on extinguishment of debt 363 104  
Loss on disposal of assets 70 989 1,025
Stock-based compensation expense 25,272 23,628 21,945
Deferred income taxes (1,009) (77,324) 15,148
Equity in earnings of unconsolidated ventures     (167)
Gain on sale of assets     (1,545)
Changes in operating assets and liabilities, net of effect of business acquisitions:      
Accounts receivable, net 96,754 (42,575) 46,158
Prepaid expenses and other assets (5,372) (9,146) (5,221)
Accounts payable and other accrued expenses 70,692 1,097 (46,825)
Accrued compensation and benefits 8,387 13,544 12,048
Income taxes payable and receivable 1,119 6,090 (9,954)
Deferred rent (538) (183) (952)
Long-term liabilities 5,672 27,808 9,675
Net cash provided by operating activities 555,297 321,460 281,250
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (47,902) (41,594) (43,268)
Cash paid for business acquisitions, net of cash acquired (1,082,809) (76,910) (7,276)
Proceeds from net working capital and other refunds of acquired business     19,287
Proceeds from equity method investments     4,681
Other 2,729 3,898 1,772
Net cash used in investing activities (1,127,982) (114,606) (24,804)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from borrowings under bank credit facilities 2,531,500 477,000 485,500
Principal payments made under bank credit facilities (1,928,420) (647,474) (714,465)
Payment of financing costs under bank credit facilities (3,177) (2,915)  
Payment of contingent consideration (616) (11,553)  
Proceeds from employee stock purchase plans 5,702 4,929 4,316
Repurchases of common stock (5,838) (5,138) (4,386)
Payment of taxes for equity transactions (19,595) (21,365) (10,951)
Net cash provided by (used in) financing activities 579,556 (206,516) (239,986)
Effect of exchange rate changes on cash and cash equivalents (1,037) 317 (3)
Net increase in cash and cash equivalents 5,834 655 16,457
Cash and cash equivalents, beginning of year 66,194 65,539 49,082
Cash and cash equivalents, end of year 72,028 66,194 65,539
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid during the period for income taxes, net of refunds 68,303 57,941 79,268
Cash paid during the period for interest 44,673 40,100 45,015
Non-cash financing and investing activities:      
Accrued capital expenditures 8,223 $ 609 $ 667
Landlord sponsored tenant incentives $ 5,180