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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
USD ($)
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 690,737 $ 306,334 $ 337,500
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization   87,247 91,004
Provision for credit losses   56,042 61,359
Deferred taxes   (12,503) (58,223)
Stock-based compensation   25,420 25,310
Changes in assets and liabilities, net of acquisitions:      
Receivables   (335,605) (348,106)
Prepaid expenses, other current and noncurrent assets   (7,504) (18,037)
Accounts payable, accrued expenses, salaries, wages and payroll taxes   240,246 223,045
Deferred revenue, other current and noncurrent liabilities   20,684 12,483
Income tax receivables, accrued income taxes and income tax reserves   50,049 93,961
Other, net   (1,088) (32)
Net cash provided by operating activities   429,322 420,264
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures   (71,784) (53,831)
Payments made for business acquisitions, net of cash acquired   (35,323) (43,163)
Franchise loans funded   (21,455) (18,815)
Payments from franchisees   11,478 12,884
Other, net   6,194 3,282
Net cash used in investing activities   (110,890) (99,643)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of Long-Term Lines of Credit   (1,950,000) (1,025,000)
Proceeds from Long-Term Lines of Credit   1,950,000 1,025,000
Dividends paid   (147,136) (135,127)
Repurchase of common stock, including shares surrendered   (436,516) (379,018)
Other, net   (11,854) (6,358)
Net cash used in financing activities   (595,506) (520,503)
Effects of exchange rate changes on cash   (8,429) (2,739)
Net decrease in cash and cash equivalents, including restricted balances   (285,503) (202,621)
Cash, cash equivalents and restricted cash, beginning of period   1,075,193 1,015,316
Cash, cash equivalents and restricted cash, end of period 812,695 789,690 812,695
SUPPLEMENTARY CASH FLOW DATA:      
Income taxes paid, net (includes payments for purchased investment tax credits) 35,888 65,505  
Interest paid on borrowings 66,464 63,251  
Accrued additions to property and equipment 1,477 2,448  
New operating right of use assets and related lease liabilities 139,872 135,372  
Accrued dividends payable to common shareholders $ 44,648 $ 50,194 $ 44,648