v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (243,420) $ (407,985) $ (415,996)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 29,195 58,923 58,026
Provision for credit losses   21,144 20,727
Deferred taxes   18,723 (1,531)
Stock-based compensation   13,799 17,945
Changes in assets and liabilities, net of acquisitions:      
Receivables   (300,004) (262,348)
Prepaid expenses, other current and noncurrent assets   (2,290) 2,588
Accounts payable, accrued expenses, salaries, wages and payroll taxes   (44,968) (76,806)
Deferred revenue, other current and noncurrent liabilities   (49,863) (45,170)
Income tax receivables, accrued income taxes and income tax reserves   (276,943) (192,340)
Other, net   (1,324) (733)
Net cash used in operating activities   (970,788) (895,638)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures   (48,735) (49,115)
Payments made for business acquisitions, net of cash acquired   (35,366) (28,017)
Franchise loans funded   (15,051) (17,442)
Payments from franchisees   6,016 971
Other, net   1,211 6,110
Net cash used in investing activities   (91,925) (87,493)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of Long-Term Lines of Credit   (30,000) (100,000)
Proceeds from Long-Term Lines of Credit   975,000 890,000
Repayments of senior debt 0 350,000  
Proceeds from issuance of long-term debt 0 346,980  
Dividends paid   (104,551) (96,960)
Repurchase of common stock, including shares surrendered   (412,645) (436,233)
Other, net   4,752 1,791
Net cash provided by financing activities   429,536 258,598
Effects of exchange rate changes on cash   (1,106) (9,136)
Net decrease in cash and cash equivalents, including restricted balances   (634,283) (733,669)
Cash, cash equivalents and restricted cash, beginning of period   1,003,139 1,075,193
Cash, cash equivalents and restricted cash, end of period 341,524 368,856 341,524
SUPPLEMENTARY CASH FLOW DATA:      
Income taxes paid, net (includes payments for purchased investment tax credits) 62,290 129,250  
Interest paid on borrowings 33,412 35,135  
Accrued additions to property and equipment 3,798 3,117  
New operating right of use assets and related lease liabilities 47,135 85,455  
Accrued dividends payable to common shareholders $ 50,176 $ 53,215 $ 50,176