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SALES OF RECEIVABLES (Tables)
 12 Months Ended
Jun. 30, 2020
Transfers And Servicing Of Financial Assets [Abstract]  
Summary of MARPA Activity

MARPA activity consisted of the following (in thousands):

 

 

 

As of and for the

Year Ended June 30,

 

 

 

2020

 

 

2019

 

Beginning balance:

 

$

192,527

 

 

$

—

 

Sales of receivables

 

 

2,393,684

 

 

 

1,126,395

 

Cash collections

 

 

(2,386,211

)

 

 

(933,868

)

Outstanding balance sold to Purchaser: (1)

 

 

200,000

 

 

 

192,527

 

Cash collected, not remitted to Purchaser (2)

 

 

(57,020

)

 

 

(54,567

)

Remaining sold receivables

 

$

142,980

 

 

$

137,960

 

 

 

(1)

For the year ended June 30, 2020 and 2019, the Company recorded a net cash inflow in its cash flows from operating activities of $7.5 million and $192.5 million, respectively, from sold receivables.  MARPA cash flows are calculated as the change in the outstanding balance during the fiscal year.

 

(2)

Includes the cash collected on behalf of but not yet remitted to the Purchaser as of June 30, 2020 and 2019.  This balance is included in other accrued expenses and current liabilities as of the balance sheet date.