XML 140 R124.htm IDEA: XBRL DOCUMENT v3.24.2.u1
PARENT-ONLY CONDENSED FINANCIAL INFORMATION - STATEMENTS OF CASH FLOWS (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 450,008 $ 307,165 $ 240,716
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation, amortization and accretion 27,086 23,387 24,596
Stock-based compensation expense 35,194 26,100 21,242
Decrease (increase) in other assets (114,040) (11,984) (95,543)
Net cash provided by (used in) operating activities 305,477 196,706 216,622
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of investment securities (20,351) 0 0
Acquisition of business activity, net of cash paid 0 (5,531) (54,597)
Purchases of furniture, equipment, software and intangibles (35,961) (30,215) (21,504)
Net cash provided by (used in) investing activities (2,589,280) (2,399,098) (2,783,024)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Tax payments related to settlement of restricted stock units (16,192) (6,144) (14,481)
Purchase of treasury stock (96,286) (48,963) 0
Repurchase of subordinated notes (8,938) 0 0
Proceeds from issuance of subordinated notes 0 0 150,000
Net cash provided by (used in) financing activities 2,087,493 3,009,779 3,103,324
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (196,310) 807,387 536,922
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year 2,382,086 1,574,699 1,037,777
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of year 2,185,776 2,382,086 1,574,699
Parent      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income 450,008 307,165 240,716
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation, amortization and accretion 9,532 12,383 11,160
Stock-based compensation expense 35,194 26,100 21,242
Equity in undistributed earnings of subsidiaries (333,654) (267,086) (213,588)
Decrease (increase) in other assets 15,849 (3,448) (5,231)
Increase (decrease) in other liabilities (17,922) (1,069) (11,564)
Net cash provided by (used in) operating activities 159,007 74,045 42,735
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from principal repayments on loans 5,000 25,000 0
Acquisition of business activity, net of cash paid 0 0 0
Purchases of furniture, equipment, software and intangibles (5,378) (805) (817)
Investment in subsidiaries (23,200) (25,825) (203,086)
Net cash provided by (used in) investing activities (43,929) (1,630) (203,903)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Tax payments related to settlement of restricted stock units (16,192) (6,144) (14,481)
Purchase of treasury stock (96,286) (48,963) 0
Repurchase of subordinated notes (8,938) 0 (2,120)
Proceeds from issuance of subordinated notes 0 0 150,000
Net cash provided by (used in) financing activities (121,416) (55,107) 133,399
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (6,338) 17,308 (27,769)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year 115,948 98,640 126,409
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of year $ 109,610 $ 115,948 $ 98,640