XML 23 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES      
Net income $ 58,417 $ (5,047) $ 247,876
Adjustments for non-cash items:      
Depreciation 112,485 106,049 97,641
Amortization 14,003 13,811 14,411
Stock-based compensation expense 24,799 16,048 22,845
Restructuring and asset impairment charges 5,664 34,175 (203)
Deferred income tax provision (21,189) (23,899) 2,806
Gain (Loss) on Disposition of Business   6,517  
Debt Related Commitment Fees and Debt Issuance Costs 9,071    
Other 6,754 2,613 2,654
Changes in certain assets and liabilities:      
Accounts receivable (53,324) 128,715 17,323
Inventories 61,270 28,185 (53,387)
Accounts payable and accrued liabilities 46,775 (46,315) (49,378)
Accrued income taxes (18,273) (8,645) 9,013
Accrued pension and postretirement benefits (31,585) (20,022) (8,186)
Other 20,815 (8,447) (2,896)
Net cash flow provided by operating activities 235,682 223,738 300,519
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (127,302) (244,151) (212,343)
Disposals of property, plant and equipment 4,373 2,622 11,243
Proceeds from Divestiture of Businesses   23,950  
Other (47) (757) (381)
Net cash flow used for investing activities (122,976) (218,336) (201,481)
FINANCING ACTIVITIES      
Net (decrease) increase in notes payable 605 (175) (715)
Net decrease in short-term revolving and other lines of credit (500,000) 500,364 (174)
Term debt borrowings 297,867 0 0
Term debt repayments (300,000) 0 (400,000)
Payment for Debt Extinguishment or Debt Prepayment Cost (9,639)    
Proceeds from Derivative Instrument, Financing Activities 10,198    
Purchase of capital stock (197) (209) (214)
The effect of employee benefit and stock plans and dividend reinvestment 821 (5,464) (4,744)
Cash dividends paid to Shareholders (66,735) (66,303) (65,746)
Other (7,165) (2,762) 161
Net cash flow (used for) provided by financing activities (574,245) 425,451 (471,432)
Effect of exchange rate changes on cash and cash equivalents 8,902 (6,184) (1,744)
CASH AND CASH EQUIVALENTS      
Net (decrease) increase in cash and cash equivalents (452,637) 424,669 (374,138)
Cash and cash equivalents, beginning of year 606,684 182,015 556,153
Cash and cash equivalents, end of year $ 154,047 $ 606,684 $ 182,015