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Sales of Receivables (Tables)
 6 Months Ended
Dec. 31, 2022
Transfers And Servicing Of Financial Assets [Abstract]  
Summary of MARPA Activity

MARPA activity consisted of the following (in thousands):

 

 

 

As of and for the Six Months Ended

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Beginning balance:

 

$

157,785

 

 

$

182,027

 

Sales of receivables

 

 

1,460,825

 

 

 

1,361,521

 

Cash collections

 

 

(1,418,648

)

 

 

(1,356,070

)

Outstanding balance sold to Purchaser: (1)

 

 

199,962

 

 

 

187,478

 

Cash collected, not remitted to Purchaser (2)

 

 

(59,827

)

 

 

(49,166

)

Remaining sold receivables

 

$

140,135

 

 

$

138,312

 

 

(1)

For the six months ended December 31, 2022 and 2021, the Company recorded net cash inflows of $42.2 million and $5.5 million in its cash flows from operating activities, respectively, from sold receivables.  MARPA cash flows are calculated as the change in the outstanding balance during the fiscal year.

(2)

Includes the cash collected on behalf of but not yet remitted to Purchaser as of December 31, 2022 and 2021.  This balance is included in other accrued expenses and current liabilities as of the balance sheet date.