XML 21 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income for the period $ 140,829,000 $ 121,607,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 235,326,000 222,094,000
Share-based compensation expense 13,440,000 15,393,000
Pension expense 2,254,000 1,869,000
Amortization of debt issuance costs 2,157,000 2,532,000
Amortization of deferred charges and credits 0 2,234,000
Loss on sale and write down of property and equipment 9,428,000 163,000
Release of unrealized gain on marketable securities to income 0 (841,000)
Deferred taxes 8,909,000 44,374,000
Share in net (income) loss of equity investees (7,863,000) 196,000
Changes in operating assets and liabilities:    
Accounts receivable 33,548,000 (49,458,000)
Contract assets (13,400,000) 0
Prepaid expenses and other current assets 12,532,000 (5,383,000)
Income taxes and deferred charges and credits 17,324,000 1,583,000
Accounts payable and accrued liabilities (29,748,000) (72,499,000)
Deferred revenue (69,151,000) (48,846,000)
Other assets 4,919,000 (1,586,000)
Net cash provided by operating activities 360,504,000 233,432,000
Cash flows from investing activities:    
Additions of property and equipment (33,464,000) (55,937,000)
Other investing activities (6,373,000) (8,061,000)
Net cash used in investing activities (353,401,000) (364,552,000)
Cash flows from financing activities:    
Proceeds from long-term debt and Revolver 0 200,000,000
Proceeds from issuance of Common Shares from exercise of stock options and ESPP 24,286,000 29,622,000
Repayment of long-term debt and Revolver (5,000,000) (3,880,000)
Debt issuance costs (322,000) 0
Purchase of Treasury Stock (24,534,000) 0
Repurchase of non-controlling interests (583,000) 0
Payments of dividends to shareholders (81,166,000) (69,828,000)
Net cash provided by (used in) financing activities (87,319,000) 155,914,000
Foreign exchange gain (loss) on cash held in foreign currencies (5,901,000) 7,546,000
Increase (decrease) in cash, cash equivalents and restricted cash during the period (86,117,000) 32,340,000
Cash, cash equivalents and restricted cash at beginning of the period 683,991,000 446,210,000
Cash, cash equivalents and restricted cash at end of the period 597,874,000 478,550,000
Liaison Technologies Inc.    
Purchase of business, net of cash acquired (311,285,000) 0
Guidance Software Inc.    
Purchase of business, net of cash acquired (2,279,000) (229,275,000)
Covisint Corporation    
Purchase of business, net of cash acquired $ 0 $ (71,279,000)