XML 139 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
OPERATING ACTIVITIES      
Net income $ 146.5 $ 121.6 $ 71.7
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation and amortization 104.1 83.8 66.5
Deferred income taxes 9.4 36.8 (5.0)
Net pension expense 68.8 42.1 60.8
Net loss on disposal of property and equipment 2.2 2.0 0.8
Changes in working capital and other:      
Accounts receivable 12.6 (31.1) (56.9)
Inventories (14.9) (77.3) (116.1)
Other current assets 11.5 1.6 6.4
Accounts payable 16.4 10.2 34.5
Accrued liabilities 9.9 20.1 4.6
Boarhead settlement   (21.8)  
Pension contributions (144.9) (30.0) (3.9)
Other, net (6.4) 2.3 0.8
Net cash provided from operating activities 215.2 160.3 64.2
INVESTING ACTIVITIES      
Purchases of property, equipment and software (336.9) (171.9) (79.6)
Proceeds from disposals of property and equipment 1.2 1.2 1.1
Acquisition of businesses, net of cash acquired   (12.9) (45.4)
Capital contributions to equity method investment   (1.8) (6.2)
Purchases of marketable securities     (91.3)
Proceeds received from sale of equity method investment 7.9    
Proceeds from sales and maturities of marketable securities 0.1 30.5 166.0
Net cash used for investing activities (327.7) (154.9) (55.4)
FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt, net of offering costs 297.0   247.4
Payments on long-term debt assumed in acquisition of business   (153.7) (12.4)
Payments on long-term debt (101.0) (100.0)  
Proceeds received from sale of noncontrolling interest     9.1
Dividends paid (38.3) (33.7) (32.1)
Purchase of subsidiary shares from noncontrolling interest (8.4)    
Payments of debt issue costs     (1.4)
Tax benefits on share-based compensation 3.9 2.2 1.7
Proceeds from stock options exercised 2.3 1.8 1.6
Net cash provided from (used for) financing activities 155.5 (283.4) 213.9
Effect of exchange rate changes on cash and cash equivalents 3.5 (3.5) 4.4
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 46.5 (281.5) 227.1
Cash and cash equivalents at beginning of year 211.0 492.5 265.4
Cash and cash equivalents at end of year $ 257.5 $ 211.0 $ 492.5