XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income for the period $ 131,966 $ 103,406
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 126,437 135,033
Share-based compensation expense 13,934 11,736
Pension expense 1,486 1,505
Amortization of debt issuance costs 1,161 1,112
Loss on sale and write down of property and equipment 27 573
Deferred taxes 14,682 (1,180)
Share in net (income) loss of equity investees (29,315) (6,221)
Changes in operating assets and liabilities:    
Accounts receivable 76,526 74,842
Contract assets (7,248) (9,838)
Prepaid expenses and other current assets (9,811) (3,491)
Income taxes 16,761 21,032
Accounts payable and accrued liabilities (114,334) (51,429)
Deferred revenue (38,516) (41,268)
Other assets 7,542 549
Operating lease assets and liabilities, net (1,629) (2,457)
Net cash provided by operating activities 189,669 233,904
Cash flows from investing activities:    
Additions of property and equipment (26,712) (15,305)
Other investing activities 296 (2,237)
Net cash used in investing activities (26,416) (17,542)
Cash flows from financing activities:    
Proceeds from issuance of Common Shares from exercise of stock options and ESPP 36,720 15,839
Repayment of long-term debt and Revolver (2,500) (2,500)
Purchase of treasury stock 0 (41,870)
Distribution to non-controlling interest (396) 0
Payments of dividends to shareholders (59,878) (47,269)
Net cash provided by (used in) financing activities (26,054) (75,800)
Foreign exchange gain (loss) on cash held in foreign currencies (9,277) 10,792
Increase (decrease) in cash, cash equivalents and restricted cash during the period 127,922 151,354
Cash, cash equivalents and restricted cash at beginning of the period 1,609,800 1,697,263
Cash, cash equivalents and restricted cash at end of the period 1,737,722 1,848,617
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 1,735,265 1,845,582
Restricted cash [1] 2,457 3,035
Total cash, cash equivalents and restricted cash $ 1,737,722 $ 1,848,617
[1] Restricted cash is classified under the Prepaid expenses and other current assets and Other assets line items on the Condensed Consolidated Balance Sheets (note 9).