XML 26 R10.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:      
Net income $ 397,259 $ 310,864 $ 234,368
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of intangible assets 503,953 520,605 514,734
Share-based compensation expense 69,556 51,969 29,532
Pension expense 6,606 6,616 5,802
Amortization of debt issuance costs 5,422 4,548 4,633
Write off of right of use assets 17,707 0 36,864
Loss on extinguishment of debt 27,413 0 17,854
Loss on sale and write down of property and equipment 294 2,771 9,714
Deferred taxes (36,088) 73,039 51,388
Share in net (income) loss of equity investees (58,702) (62,897) (8,700)
Changes in operating assets and liabilities:      
Accounts receivable 81,841 60,954 84,499
Contract assets (37,966) (39,333) (40,301)
Prepaid expenses and other current assets (13,954) 37,733 (6,897)
Income taxes 34,589 (140,763) (35,086)
Accounts payable and accrued liabilities (24,177) 26,088 30,613
Deferred revenue (5,236) 39,295 25,306
Other assets 17,297 11,914 1,127
Operating lease assets and liabilities, net (4,004) (27,283) (914)
Net cash provided by operating activities 981,810 876,120 954,536
Cash flows from investing activities:      
Additions of property and equipment (93,109) (63,675) (72,709)
Purchase of Zix Corporation, net of cash acquired (856,175) 0 0
Purchase of Bricata Inc. (17,753) 0 0
Purchase of XMedius 0 444 (73,335)
Purchase of Carbonite, Inc., net of cash and restricted cash acquired 0 0 (1,305,097)
Purchase of Dynamic Solutions Group Inc. 0 (971) (4,149)
Other investing activities (3,922) (4,568) (14,127)
Net cash used in investing activities (970,959) (68,770) (1,469,417)
Cash flows from financing activities:      
Proceeds from issuance of Common Shares from exercise of stock options and ESPP 67,215 80,067 66,600
Proceeds from long-term debt and Revolver 1,500,000 0 3,150,000
Repayment of long-term debt and Revolver (860,000) (610,000) (1,713,631)
Debt extinguishment costs (24,969) 0 (11,248)
Debt issuance costs (17,159) 0 (21,806)
Repurchase of Common Shares (176,987) (119,105) 0
Purchase of treasury stock (111,593) (64,847) (12,424)
Distribution to non-controlling interest (396) 0 0
Payments of dividends to shareholders (237,655) (210,662) (188,712)
Net cash provided by (used in) financing activities 138,456 (924,547) 1,268,779
Foreign exchange gain (loss) on cash held in foreign currencies (63,196) 29,734 (178)
Increase (decrease) in cash, cash equivalents and restricted cash during the year 86,111 (87,463) 753,720
Cash, cash equivalents and restricted cash at beginning of the year 1,609,800 1,697,263 943,543
Cash, cash equivalents and restricted cash at end of the year 1,695,911 1,609,800 1,697,263
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 1,693,741 1,607,306 1,692,850
Restricted cash [1] 2,170 2,494 4,413
Total cash, cash equivalents and restricted cash $ 1,695,911 $ 1,609,800 $ 1,697,263
[1] Restricted cash is classified under the Prepaid expenses and other current assets and Other assets line items on the Consolidated Balance Sheets (Note 9).