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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
2 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2022
Apr. 30, 2021
Apr. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income (loss) $ 89,610 $ 553,674 $ 583,791 $ (7,526)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation and amortization 24,586 142,178 156,852 169,536
Provision for bad debt 4,617 66,807 73,451 76,621
Deferred taxes 22,926 (53,352) (22,583) (8,300)
Stock-based compensation 4,700 34,252 28,271 28,045
Impairment of goodwill 0 0 0 106,000
Changes in assets and liabilities, net of acquisitions:        
Receivables 108,470 (37,889) (150,933) (66,896)
Prepaid expenses, other current and noncurrent assets 26,753 (1,944) (49,498) 39,377
Accounts payable, accrued expenses, salaries, wages and payroll taxes (186,754) (19,645) 150,635 (124,019)
Deferred revenue, other current and noncurrent liabilities (15,809) 7,342 (1,160) (9,096)
Income tax receivables, accrued income taxes and income tax reserves (43,476) 118,713 (138,152) (87,423)
Other, net (797) (1,599) (4,746) (7,358)
Net cash provided by operating activities 34,826 808,537 625,928 108,961
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (5,188) (61,955) (52,792) (81,685)
Payments made for business acquisitions, net of cash acquired (846) (35,920) (15,576) (450,242)
Franchise loans funded (135) (18,467) (26,917) (35,264)
Payments from franchisees 8,634 30,899 41,215 39,919
Other, net 1,227 8,902 8,547 57,041
Net cash provided by (used in) investing activities 3,692 (76,541) (45,523) (470,231)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayments of line of credit borrowings 0 (705,000) (3,275,000) (1,335,000)
Proceeds from line of credit borrowings 0 705,000 1,275,000 3,335,000
Repayments of long-term debt 0 (500,000) (650,000) 0
Proceeds from issuance of long-term debt 494,435 0 647,965 0
Dividends paid 0 (186,476) (195,068) (204,870)
Repurchase of common stock, including shares surrendered (4,633) (563,174) (191,294) (256,214)
Proceeds from exercise of stock options 308 6,334 2,140 2,075
Other, net (5,584) (14,030) (22,566) (9,143)
Net cash provided by (used in) financing activities 484,526 (1,257,346) (2,408,823) 1,531,848
Effects of exchange rate changes on cash (1,800) (8,101) 18,318 (5,285)
Net increase (decrease) in cash and cash equivalents, including restricted balances 521,244 (533,451) (1,810,100) 1,165,293
Cash, cash equivalents and restricted cash, beginning of the period 1,062,920 1,584,164 2,873,020 1,707,727
Cash, cash equivalents and restricted cash, end of the period 1,584,164 1,050,713 1,062,920 2,873,020
SUPPLEMENTARY CASH FLOW DATA:        
Income taxes paid, net of refunds received 52,149 31,689 236,459 89,204
Interest paid on borrowings 14,317 81,960 103,855 87,426
Accrued additions to property and equipment 2,085 4,315 1,643 1,185
Dividends Payable $ 48,998 $ 43,093 $ 0 $ 0
Effective tax rate 24.70% 14.90% 11.70% 282.40%