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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES      
Net income (loss) $ 51,980 $ (223,884) $ (370,961)
Adjustments for non-cash items:      
Depreciation 91,078 96,704 104,978
Amortization 16,578 20,762 26,686
Stock-based compensation expense 21,065 18,129 16,827
Restructuring and asset impairment charges (Notes 2 and 15) 1,802 118,779 548,028
Loss on divestiture (Note 4)   131,124  
Deferred income tax provision 6,267 8,328 (48,575)
Other 94 (6,113) 2,098
Changes in certain assets and liabilities:      
Accounts receivable (7,606) 32,661 46,552
Inventories (24,300) 69,552 70,874
Accounts payable and accrued liabilities 51,418 (2,180) (8,218)
Accrued income taxes 6,873 (25,247) (10,163)
Accrued pension and postretirement benefits (27,818) (15,013) 4,863
Other 4,771 (4,280) (31,552)
Net cash flow provided by operating activities 192,202 219,322 351,437
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (118,018) (110,697) (100,939)
Disposals of property, plant and equipment 5,023 5,978 16,122
Proceeds from divestiture (Note 4) 0 56,127 0
Other 247 659 263
Net cash flow used for investing activities (112,748) (47,933) (84,554)
FINANCING ACTIVITIES      
Net decrease in notes payable (317) (6,288) (63,647)
Net increase in short-term revolving and other lines of credit 0 0 200
Term debt borrowings 25,298 50,070 89,712
Term debt repayments (25,899) (94,577) (308,736)
Purchase of capital stock (241) (295) (318)
Dividend reinvestment and the effect of employee benefit and stock plans 21,455 4,519 13,844
Cash dividends paid to Shareholders (64,128) (63,717) (56,979)
Other (6,317) (181) (7,039)
Net cash flow used for financing activities (50,149) (110,469) (332,963)
Effect of exchange rate changes on cash and cash equivalents (255) (4,835) (6,355)
CASH AND CASH EQUIVALENTS      
Net increase (decrease) in cash and cash equivalents 29,050 56,085 (72,435)
Cash and cash equivalents, beginning of year 161,579 105,494 177,929
Cash and cash equivalents, end of year $ 190,629 $ 161,579 $ 105,494