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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (223,579) $ (353,237) $ (392,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization   60,331 66,347
Provision for credit losses   21,536 16,581
Deferred taxes   (35,525) 41,534
Stock-based compensation   17,525 17,893
Changes in assets and liabilities, net of acquisitions:      
Receivables   (348,833) (262,293)
Prepaid expenses, other current and noncurrent assets   (7,395) (32,983)
Accounts payable, accrued expenses, salaries, wages and payroll taxes   (58,543) (121,156)
Deferred revenue, other current and noncurrent liabilities   (58,520) (52,703)
Income tax receivables, accrued income taxes and income tax reserves   (180,706) (60,163)
Other, net   1,201 (1,515)
Net cash used in operating activities   (942,166) (780,458)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures   (32,708) (41,495)
Payments made for business acquisitions, net of cash acquired   (27,158) (39,757)
Franchise loans funded   (15,491) (17,491)
Payments from franchisees   2,747 3,861
Other, net   1,565 (4,208)
Net cash used in investing activities   (71,045) (99,090)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of line of credit borrowings   (25,000) (170,000)
Dividends paid   (89,854) (89,193)
Repurchase of common stock, including shares surrendered   (378,709) (365,633)
Other, net   4,011 3,639
Net cash provided by financing activities   335,448 128,813
Effects of exchange rate changes on cash   671 (7,790)
Net decrease in cash and cash equivalents, including restricted balances   (677,092) (758,525)
Cash, cash equivalents and restricted cash, beginning of period   1,015,316 1,050,713
Cash, cash equivalents and restricted cash, end of period 292,188 338,224 292,188
SUPPLEMENTARY CASH FLOW DATA:      
Income taxes paid (received), net (114,385) 72,160  
Interest paid on borrowings 31,812 35,496  
Accrued additions to property and equipment 2,499 4,036  
New operating right of use assets and related lease liabilities 79,917 70,532  
Accrued dividends payable to common shareholders $ 44,569 45,273 44,569
Proceeds from line of credit borrowings   $ 825,000 $ 750,000