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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 271,885 $ 365,034 $ 229,561
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 47,378 47,975 49,677
Amortization 113,255 104,011 90,109
Change in deferred income taxes 7,604 (74,884) 21,187
Expense for stock-based compensation 12,589 11,758 11,129
(Gain)/loss on disposal of assets and businesses 161 (954) 4,771
Changes in operating assets and liabilities:      
Change in receivables (11,777) 21,489 (33,096)
Change in prepaid expenses, deferred costs and other (62,165) (82,663) (24,992)
Change in accounts payable (7,526) 6,922 (7,812)
Change in accrued expenses 31,889 7,091 (11,966)
Change in income taxes 4,179 5,108 (6,444)
Change in deferred revenues 23,656 1,255 35,198
Net cash from operating activities 431,128 412,142 357,322
CASH FLOWS FROM INVESTING ACTIVITIES:      
Payment for acquisitions, net of cash acquired (19,981) (137,562) 0
Capital expenditures (53,598) (40,135) (41,947)
Proceeds from the sale of businesses 0 350 5,632
Proceeds from the sale of assets 127 306 968
Customer contracts acquired (20) 0 0
Purchased software (6,049) (13,138) (16,608)
Computer software developed (111,114) (96,647) (89,631)
Purchase of investments 0 (5,000) 0
Net cash from investing activities (190,635) (291,826) (141,586)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings on credit facilities 35,000 125,000 80,000
Repayments on credit facilities (35,000) (175,000) (30,200)
Purchase of treasury stock (54,864) (48,986) (130,140)
Dividends paid (118,745) (105,021) (91,707)
Proceeds from issuance of common stock upon exercise of stock options 237 176 1
Tax withholding payments related to share based compensation (13,973) (7,333) (5,480)
Proceeds from sale of common stock 9,040 7,523 6,245
Net cash from financing activities (178,305) (203,641) (171,281)
NET CHANGE IN CASH AND CASH EQUIVALENTS 62,188 (83,325) 44,455
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 31,440 114,765 70,310
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 93,628 $ 31,440 $ 114,765