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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:      
Net income $ 349,960 $ 407,641 $ 378,657
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 19,251 16,292 13,689
Amortization of debt issuance costs 1,725 1,405 1,319
Non-cash lease expense 231 362 1,142
Premium amortization and (discount accretion), net 0 0 88
Provision for excess and obsolete inventory 23,905 13,391 2,413
Provision for loss on vendor deposits 20,019 (3,913) 8,907
Share-based compensation 6,358 4,734 3,516
Deferred taxes (11,967) (16,857) (1,842)
Change in unrealized loss on available-for-sale securities 109 792 0
Provision for sales returns (574) 553 1,004
Other, net 405 365 (555)
Changes in operating assets and liabilities:      
Accounts receivable (1,765) (48,200) 52,657
Inventories 250,665 (487,922) (29,565)
Vendor deposits (18,253) (39,457) (79,034)
Prepaid expenses and other assets (17,564) (10,252) 1,841
Accounts payable (103,086) 69,730 (28,686)
Income taxes payable (17,115) (14,041) (10,288)
Deferred revenues 6,595 (1,321) (3,593)
Accrued and other liabilities 32,617 (38,730) 58,589
Net cash provided by (used in) operating activities 541,516 (145,428) 370,259
Cash Flows from Investing Activities:      
Purchase of property and equipment and other long-term assets (11,975) (20,934) (13,468)
Purchase of investments 0 0 (1,479)
Proceeds from sale of investments 0 0 2,457
Proceeds from maturities of investments 0 0 1,310
Net cash used in investing activities (11,975) (20,934) (11,180)
Cash Flows from Financing Activities:      
Debt issuance costs 0 (1,205) 0
Repurchases of common stock 0 0 (618,131)
Payment of common stock cash dividends (145,091) (145,043) (148,055)
Proceeds from exercise of stock options 0 23 98
Tax withholdings related to net share settlements of restricted stock units (434) (686) (1,185)
Net cash (used in) provided by financing activities (518,025) 144,964 (472,273)
Net increase (decrease) in cash and cash equivalents 11,516 (21,398) (113,194)
Cash and cash equivalents at beginning of period 114,826 136,224 249,418
Cash and cash equivalents at end of period 126,342 114,826 136,224
Supplemental Disclosure of Cash Flow Information:      
Income taxes paid, net of refunds 108,572 109,685 78,180
Interest paid 75,094 53,870 11,561
Non-Cash Investing and Financing Activities:      
Right-of-use asset recognized 4,393 7,201 34,516
Unpaid property and equipment and other long-term assets 1,300 1,274 511
Term Loan Facility      
Cash Flows from Financing Activities:      
Proceeds from borrowing 0 250,000 0
Repayments against credit facility (157,500) (28,125) (25,000)
Revolving Credit Facility      
Cash Flows from Financing Activities:      
Proceeds from borrowing 0 415,000 345,000
Repayments against credit facility $ (215,000) $ (345,000) $ (25,000)