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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities    
Net income $ 210,500 $ 54,043
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 84,891 85,220
Share-based compensation expense 13,847 6,196
Deferred taxes (105,575) 8,244
Unrealized loss (gain) on derivatives not designated as hedging instruments included in net income 7,548 (9,581)
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency 1,359 (2,663)
Other non-cash items 3,045 2,420
Changes in operating assets and liabilities:    
Accounts receivable (8,240) (11,866)
Inventory (10,680) (9,454)
Prepaid expenses and other assets (2,255) (8,397)
Accounts payable 24,432 48,839
Accrued expenses and other liabilities 46,225 42,489
Net cash provided by operating activities 265,097 205,490
Investing activities    
Purchases of property, plant and equipment (28,094) (38,767)
Business acquisitions, net of cash acquired (4,272) (289,269)
Purchases of intangible assets 0 (22)
Capitalization of software and website development costs (23,417) (21,921)
Proceeds from the sale of assets 847 523
Other investing activities 1,120 (52)
Net cash used in investing activities (53,816) (349,508)
Financing activities    
Proceeds from borrowings of debt 634,085 692,938
Payments of debt (292,446) (474,997)
Payments of debt issuance costs 0 (1,471)
Payments of withholding taxes in connection with equity awards (462) (2,125)
Payments of finance lease obligations (5,364) (8,780)
Purchase of noncontrolling interests 0 (41,177)
Purchase of ordinary shares (537,573) (14,043)
Proceeds from issuance of ordinary shares 6 2,891
Distribution to noncontrolling interest (3,921) (3,375)
Cash and cash equivalents at end of period (1,715) 0
Net cash (used in) provided by financing activities (207,390) 149,861
Effect of exchange rate changes on cash (2,253) (1,806)
Net increase in cash and cash equivalents 1,638 4,037
Cash and cash equivalents at beginning of period 35,279 44,227
Cash and cash equivalents at end of period 36,917 48,264
Supplemental disclosures of cash flow information:    
Interest 33,313 29,805
Income taxes 5,183 10,961
Capitalization of construction costs related to financing lease obligation (1) 0 [1] 6,223
Property and equipment acquired under finance leases 140 7,225
Amounts accrued related to business acquisitions $ 2,831 $ 5,729
[1] Due to our adoption of the new leasing standard on July 1, 2019, any costs previously capitalized for a build-to-suit lease and included in the financing lease obligation are now classified as an operating lease and the lease financing obligation has been de-recognized. Refer to Note 2 for additional details.