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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Jun. 30, 2024
Cash flows from operating activities:          
Net income $ 229,906 $ 37,737 $ 314,328 $ 118,683  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization of intangible assets     321,049 449,231  
Share-based compensation expense     59,919 77,270  
Pension expense     6,813 6,383  
Amortization of debt discount and issuance costs     10,795 12,821  
Write-off of right of use assets     1,385 10,963  
Adjustment to gain on AMC Divestiture 4,175 0 4,175 0  
Loss on sale and write down of property and equipment, net     439 1,877  
Deferred taxes     (52,977) (177,030)  
Share in net (income) loss of equity investees (1,538) 8,482 (1,993) 18,178  
Changes in financial instruments (45,549) 38,117 (20,614) 20,222  
Changes in operating assets and liabilities:          
Accounts receivable     41,879 (60,285)  
Contract assets     (59,946) (46,627)  
Prepaid expenses and other current assets     54,578 3,989  
Income taxes     (196,727) 58,733  
Accounts payable and accrued liabilities     (128,110) (48,156)  
Deferred revenue     (71,407) (42,502)  
Other assets     (1,436) 5,218  
Operating lease assets and liabilities, net     (11,964) (11,194)  
Net cash provided by operating activities     270,186 397,774  
Cash flows from investing activities:          
Additions of property and equipment     (80,585) (82,779)  
Purchase of Micro Focus, net of cash acquired     0 (9,272)  
Adjustment to proceeds from AMC Divestiture     (11,686) 0  
Proceeds from net investment hedge derivative contracts     2,519 1,966  
Other investing activities     5,892 (6,783)  
Net cash used in investing activities     (83,860) (96,868)  
Cash flows from financing activities:          
Proceeds from issuance of Common Shares from exercise of stock options and ESPP     17,740 29,257  
Repayment of long-term debt and Revolver     (17,926) (372,926)  
Net change in transition services agreement obligation     21,938 0  
Debt issuance costs     (1,066) (2,792)  
Repurchase of Common Shares     (153,406) 0  
Purchase of treasury stock (40,000) 0 (65,023) (53,085)  
Payments of dividends to shareholders (68,300) (66,400) (137,374) (133,379)  
Net cash used in financing activities     (335,117) (532,925)  
Foreign exchange gain (loss) on cash held in foreign currencies     (9,794) 3,539  
Decrease in cash, cash equivalents and restricted cash during the period     (158,585) (228,480)  
Cash, cash equivalents and restricted cash at beginning of the period     1,282,793 1,233,952 $ 1,233,952
Cash, cash equivalents and restricted cash at end of the period 1,124,208 1,005,472 1,124,208 1,005,472 1,282,793
Reconciliation of cash, cash equivalents and restricted cash:          
Cash and cash equivalents 1,122,192 1,003,134 1,122,192 1,003,134 1,280,662
Restricted cash [1] 2,016 2,338 2,016 2,338  
Total cash, cash equivalents and restricted cash $ 1,124,208 $ 1,005,472 $ 1,124,208 $ 1,005,472 $ 1,282,793
[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).