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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities      
Net Earnings (Loss) $ 234,759 $ 297,552 $ (67,029)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation 207,132 187,803 156,690
Amortization 79,647 82,266 64,192
Share-based compensation expense 73,214 70,953 68,480
Amortization of discount on convertible debt and debt issuance costs 18,807 20,732 22,150
Debt extinguishment expense 0 24,747 3,960
Losses (gains) on disposals of property, plant and equipment 617 2,537 (1,461)
Unrealized losses on foreign currency remeasurements and transactions 1,167 5,545 14,442
Earnings from equity investments (2,190) (14,246) (2,775)
Deferred income taxes (8,154) (371) (42,454)
Impairment of investment 0 0 4,980
Increase (decrease) in cash from changes in (net of effects of acquisitions):      
Accounts receivable (55,193) (51,697) (91,981)
Inventories (230,882) (44,645) 112,572
Accounts payable 97,053 2,266 45,026
Income taxes 17,961 (18,086) 40,061
Accrued compensation and benefits (9,382) 23,934 0
Other operating net assets (liabilities) (11,224) (14,937) (29,561)
Net cash provided by operating activities 413,332 574,353 297,292
Cash Flows from Investing Activities      
Additions to property, plant & equipment (314,332) (146,337) (136,877)
Purchases of businesses, net of cash acquired 0 (34,394) (1,036,609)
Other investing activities (5,750) 7,774 (5,804)
Net cash used in investing activities (320,082) (172,957) (1,179,290)
Cash Flows from Financing Activities      
Proceeds from issuance of Senior Notes 990,000 0 0
Proceeds from issuance of common shares 0 460,000 0
Payment of Finisar Notes (14,888) 0 (560,112)
Payments on borrowings under prior Term Loan, Credit Facility, and other loans 0 0 (176,618)
Payments on borrowings under Revolving Credit Facility 0 (74,000) (86,000)
Debt issuance costs (10,197) 0 (63,510)
Equity issuance costs 0 (58,596) 0
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan 17,858 32,360 13,467
Common stock repurchases 0 0 (1,625)
Payments in satisfaction of employees' minimum tax obligations (21,249) (19,701) (28,700)
Payment of dividends (34,508) (20,319) 0
Other financing activities (2,013) (2,367) (2,339)
Net cash provided by financing activities 862,953 675,727 1,173,625
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 34,276 21,723 (3,453)
Net increase in cash and cash equivalents, and restricted cash 990,479 1,098,846 288,174
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 1,591,892 493,046 204,872
Cash, Cash Equivalents, and Restricted Cash at End of Period 2,582,371 1,591,892 493,046
Cash paid for interest 57,314 37,266 62,190
Cash paid for income taxes 50,000 60,393 39,521
Non cash transactions:      
Additions to property, plant & equipment included in accounts payable 84,890 32,028 21,801
Revolving Credit Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings under Credit Facility 0 0 160,000
Prior Credit Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings under Credit Facility 0 0 10,000
Term A Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings of Term Facility 0 0 1,241,000
Payments on borrowings under Term Facility (62,050) (137,050) (46,538)
Term B Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings of Term Facility 0 0 720,000
Payments on borrowings under Term Facility 0 (714,600) (5,400)
Series A Preferred Stock      
Cash Flows from Financing Activities      
Proceeds from issuance of preferred shares 0 460,000 0
Series B Preferred Stock      
Cash Flows from Financing Activities      
Proceeds from issuance of preferred shares $ 0 $ 750,000 $ 0