XML 20 R9.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 84,422 $ 80,946
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 160,919 231,107
Share-based compensation expense 29,558 37,095
Pension expense 3,463 3,171
Amortization of debt discount and issuance costs 5,296 5,496
Write-off of right of use assets 0 4,715
Loss on sale and write down of property and equipment, net 2 458
Deferred taxes (42,150) (88,630)
Share in net (income) loss of equity investees (455) 9,696
Changes in financial instruments 24,935 (17,895)
Changes in operating assets and liabilities:    
Accounts receivable 57,607 31,304
Contract assets (33,849) (22,566)
Prepaid expenses and other current assets 22,151 19,326
Income taxes (193,509) 29,597
Accounts payable and accrued liabilities (107,520) (124,214)
Deferred revenue (76,531) (150,476)
Other assets (4,742) 4,104
Operating lease assets and liabilities, net (7,403) (6,113)
Net cash provided by (used in) operating activities (77,806) 47,121
Cash flows from investing activities:    
Additions of property and equipment (39,316) (37,539)
Purchase of Micro Focus, net of cash acquired 0 (9,272)
Proceeds from net investment hedge derivative contracts 2,519 1,966
Other investing activities 357 (5,554)
Net cash used in investing activities (36,440) (50,399)
Cash flows from financing activities:    
Proceeds from issuance of Common Shares from exercise of stock options and ESPP 9,449 11,453
Repayment of long-term debt and Revolver (8,963) (186,463)
Net change in transition services agreement obligation (4,295) 0
Debt issuance costs 0 (1,961)
Repurchase of Common Shares (87,403) 0
Purchase of treasury stock (25,000) (53,085)
Payments of dividends to shareholders (69,061) (66,965)
Net cash used in financing activities (185,273) (297,021)
Foreign exchange gain (loss) on cash held in foreign currencies 19,136 (11,503)
Decrease in cash, cash equivalents and restricted cash during the period (280,383) (311,802)
Cash, cash equivalents and restricted cash at beginning of the period 1,282,793 1,233,952
Cash, cash equivalents and restricted cash at end of the period 1,002,410 922,150
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 1,000,219 919,850
Restricted cash [1] 2,191 2,300
Total cash, cash equivalents and restricted cash $ 1,002,410 $ 922,150
[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 7).