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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (190,605) $ (392,000) $ (342,206)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization   66,347 71,346
Provision   16,581 14,639
Deferred taxes   41,534 16,685
Stock-based compensation   17,893 13,233
Changes in assets and liabilities, net of acquisitions:      
Receivables   (262,293) (216,071)
Prepaid expenses, other current and noncurrent assets   (32,983) (46,928)
Accounts payable, accrued expenses, salaries, wages and payroll taxes   (121,156) (121,926)
Deferred revenue, other current and noncurrent liabilities   (52,703) (50,882)
Income tax receivables, accrued income taxes and income tax reserves   (60,163) (247,088)
Other, net   (1,515) (4,373)
Net cash used in operating activities   (780,458) (913,571)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures   (41,495) (39,371)
Payments made for business acquisitions, net of cash acquired   (39,757) (19,333)
Franchise loans funded   (17,491) (14,480)
Payments from franchisees   3,861 6,213
Other, net   (4,208) 9,527
Net cash used in investing activities   (99,090) (57,444)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of line of credit borrowings   (170,000) (210,000)
Proceeds from line of credit borrowings   750,000 485,000
Dividends paid   (89,193) (96,938)
Repurchase of common stock, including shares surrendered   (365,633) (324,589)
Proceeds from exercise of stock options   1,427 4,067
Other, net   2,212 (7,423)
Net cash provided by (used in) financing activities   128,813 (149,883)
Effects of exchange rate changes on cash   (7,790) (3,330)
Net decrease in cash and cash equivalents, including restricted balances   (758,525) (1,124,228)
Cash, cash equivalents and restricted cash, beginning of period   1,050,713 1,584,164
Cash, cash equivalents and restricted cash, end of period 459,936 292,188 459,936
SUPPLEMENTARY CASH FLOW DATA:      
Income taxes paid (received), net 72,169 (114,385)  
Interest paid on borrowings 36,539 31,812  
Accrued purchase of common stock 4,845 0  
Accrued additions to property and equipment 1,393 2,499  
New operating right of use assets and related lease liabilities 73,710 79,917  
Accrued dividends payable to common shareholders $ 46,497 $ 44,569 $ 46,497