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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 330,971 $ 440,240
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 107,462 117,037
Provision 59,778 60,428
Deferred taxes (85,122) 5,763
Stock-based compensation 19,988 21,232
Changes in assets and liabilities, net of acquisitions:    
Receivables (233,362) (336,868)
Prepaid expenses, other current and noncurrent assets (16,525) (37,054)
Accounts payable, accrued expenses, salaries, wages and payroll taxes 122,112 257,034
Deferred revenue, other current and noncurrent liabilities 36,960 30,783
Income tax receivables, accrued income taxes and income tax reserves 36,244 (52,516)
Other, net (5,378) (4,723)
Net cash provided by operating activities 373,128 501,356
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (52,718) (44,220)
Payments made for business acquisitions, net of cash acquired (25,465) (15,495)
Franchise loans funded (18,468) (26,745)
Payments from franchisees 17,714 28,477
Other, net 7,831 7,969
Net cash used in investing activities (71,106) (50,014)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of line of credit borrowings (705,000) (3,275,000)
Proceeds from line of credit borrowings 705,000 1,275,000
Repayments of long-term debt 0 (650,000)
Proceeds from issuance of long-term debt 0 647,965
Dividends paid (143,435) (147,887)
Repurchase of common stock, including shares surrendered (555,247) (188,892)
Proceeds from exercise of stock options 4,605 2,228
Other, net (13,389) (19,680)
Net cash used in financing activities (707,466) (2,356,266)
Effects of exchange rate changes on cash (1,666) 10,370
Net decrease in cash and cash equivalents, including restricted balances (407,110) (1,894,554)
Cash, cash equivalents and restricted cash, beginning of period 1,584,164 2,769,947
Cash, cash equivalents and restricted cash, end of period 1,177,054 875,393
SUPPLEMENTARY CASH FLOW DATA:    
Income taxes paid, net of refunds received 76,894 100,118
Interest paid on borrowings 58,009 77,398
Accrued additions to property and equipment 1,336 977
New operating right of use assets and related lease liabilities 126,726 94,260
Accrued dividends payable to common shareholders $ 43,041 $ 47,181