XML 16 R5.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net income $ 202,566 $ 200,703
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 103,780 114,837
Deferred income taxes 3,918 30,519
Loss on disposition of assets 1,093 471
Share-based compensation 30,058 20,941
Excess tax benefit from share-based compensation (27,309) (1,958)
Non-cash interest expense 1,885 1,396
Non-cash increase in contingent consideration 15,332 913
(Increase) decrease in:    
Receivables, net (99,556) (32,576)
Inventories (98,686) (197,836)
Other current assets (60,033) (38,602)
Pre-production and development costs (11,306) (33,266)
Increase (decrease) in:    
Accounts payable 158,764 (21,130)
Accrued warranties 15,432 4,819
Accrued other liabilities 60,039 39,714
Income taxes payable 17,918 (50,711)
Net change in derivative assets and liabilities (14,478) (11,320)
Other operating activities 11,100 (7,143)
Net cash provided by operating activities 310,517 19,771
Cash flows from investing activities:    
Acquisitions, net of cash received (1,385) (619)
Capital expenditures (71,071) (87,352)
Proceeds from asset dispositions 2,703 50
Purchase of convertible debt security (15,000)  
Other items, net (2,511) 1,042
Net cash used in investing activities (87,264) (86,879)
Cash flows from financing activities:    
Increase in short-term borrowings 2,788 340
Borrowings of long-term debt 80,000  
Repayments of long-term debt (91,193) (26,259)
Cash dividends to shareholders (49,815) (50,172)
Repurchase of common stock (55,168) (50,009)
Exercise of stock options 7,489 5,527
Repurchases related to share-based compensation arrangements (14,930) (11,861)
Excess tax benefit from share-based compensation 27,309 1,958
Payment of contingent consideration (30,170) (327)
Other items, net (5,446) (2,310)
Net cash used in financing activities (129,136) (133,113)
Effect of exchange rate changes on cash (13,066) (11,756)
Net increase in cash and cash equivalents 81,051 (211,977)
Cash and cash equivalents at beginning of period 602,300 649,513
Cash and cash equivalents at end of period 683,351 437,536
Supplemental disclosure of cash flow information:    
Interest paid, net 12,881 10,736
Income taxes paid $ 78,047 $ 45,851