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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
2 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2023
Jun. 30, 2022
Apr. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 89,610 $ 553,700 $ 553,674 $ 583,791
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 24,586 130,501 142,178 156,852
Provision for credit losses 4,617 52,290 66,807 73,451
Deferred taxes 22,926 49,579 (53,352) (22,583)
Stock-based compensation 4,700 31,326 34,252 28,271
Impairment of goodwill   0 0  
Changes in assets and liabilities, net of acquisitions:        
Receivables 108,470 (57,244) (37,889) (150,933)
Prepaid expenses, other current and noncurrent assets 26,753 (7,011) (1,944) (49,498)
Accounts payable, accrued expenses, salaries, wages and payroll taxes (186,754) (67,627) (19,645) 150,635
Deferred revenue, other current and noncurrent liabilities (15,809) (4,773) 7,342 (1,160)
Income tax receivables, accrued income taxes and income tax reserves (43,476) 144,164 118,713 (138,152)
Other, net (797) (3,064) (1,599) (4,746)
Net cash provided by operating activities 34,826 821,841 808,537 625,928
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (5,188) (69,698) (61,955) (52,792)
Payments made for business acquisitions, net of cash acquired (846) (48,246) (35,920) (15,576)
Franchise loans funded (135) (21,633) (18,467) (26,917)
Payments from franchisees 8,634 27,350 30,899 41,215
Other, net 1,227 10,838 8,902 8,547
Net cash provided by (used in) investing activities 3,692 (101,389) (76,541) (45,523)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayments of line of credit borrowings 0 (970,000) (705,000) (3,275,000)
Proceeds from line of credit borrowings 0 970,000 705,000 1,275,000
Repayments of long-term debt 0 0 (500,000) (650,000)
Proceeds from issuance of long-term debt 494,435 0 0 647,965
Dividends paid 0 (177,925) (186,476) (195,068)
Repurchase of common stock, including shares surrendered (4,633) (568,952) (563,174) (191,294)
Proceeds from exercise of stock options 308 3,383 6,334 2,140
Other, net (5,584) (7,498) (14,030) (22,566)
Net cash provided by (used in) financing activities 484,526 (750,992) (1,257,346) (2,408,823)
Effects of exchange rate changes on cash (1,800) (4,857) (8,101) 18,318
Net increase (decrease) in cash and cash equivalents, including restricted balances 521,244 (35,397) (533,451) (1,810,100)
Cash, cash equivalents and restricted cash, beginning of the period 1,062,920 1,050,713 1,584,164 2,873,020
Cash, cash equivalents and restricted cash, end of the period 1,584,164 1,015,316 1,050,713 1,062,920
SUPPLEMENTARY CASH FLOW DATA:        
Income taxes paid (received), net 52,149 (45,539) 31,689 236,459
Interest paid on borrowings 14,317 69,554 81,960 103,855
Accrued additions to property and equipment 2,085 2,238 4,315 1,643
Dividends Payable $ 48,998 $ 42,953 $ 43,093 $ 0
Effective tax rate 24.70% 21.00% 14.90% 11.70%