XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 103,117 $ 87,517
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 51,188 56,819
Deferred income taxes 3,378 10,524
Loss on disposition of assets 771 170
Share-based compensation 10,160 8,392
Excess tax benefit from share-based compensation (25,911) (1,882)
Non-cash interest expense 705 711
Non-cash increase in contingent consideration 11,586 457
(Increase) decrease in:    
Receivables, net (37,722) (31,115)
Inventories (122,767) (160,001)
Other current assets (1,515) (21,926)
Pre-production and development costs (29,914) (14,652)
Increase (decrease) in:    
Accounts payable 68,783 (45,934)
Accrued warranties 5,079 6,000
Accrued other liabilities 30,544 12,223
Income taxes payable 8,742 2,474
Net change in derivative assets and liabilities (1,933) (9,737)
Other operating activities (4,720) (12,223)
Net cash provided by (used in ) operating activities 69,571 (112,183)
Cash flows from investing activities:    
Acquisitions, net of cash received 1,015 491
Capital expenditures (33,549) (37,799)
Proceeds from asset dispositions 1,512 32
Purchase of convertible debt security (15,000)  
Other items, net (2,996) 2,527
Net cash used in investing activities (49,018) (34,749)
Cash flows from financing activities:    
Increase (decrease) in short-term borrowings 1,229 (542)
Repayments of long-term debt (40,533) (26,082)
Cash dividends to shareholders (24,783) (24,916)
Repurchase of common stock (35,164) (37,097)
Exercise of stock options 1,136 2,546
Repurchases related to share-based compensation arrangements (11,122) (11,716)
Excess tax benefit from share-based compensation 25,911 1,882
Payment of contingent consideration (30,170) (327)
Other items, net 271 (1,358)
Net cash used in financing activities (113,225) (97,610)
Effect of exchange rate changes on cash 2,077 (2,810)
Net decrease in cash and cash equivalents (90,595) (247,352)
Cash and cash equivalents at beginning of period 602,300 649,513
Cash and cash equivalents at end of period 511,705 402,161
Supplemental disclosure of cash flow information:    
Interest paid, net 2,654 1,650
Income taxes paid $ 30,917 9,252
Non-cash investing activities:    
Accrued and contingent acquisition-related liabilities   $ (5,800)