XML 66 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Statements of Consolidated Cash Flows - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net earnings $ 2,054.9 $ 1,817.4
Adjustments to reconcile net earnings to cash flows provided by operating activities:    
Depreciation and amortization 355.5 299.6
Amortization of deferred contract costs 687.4 655.2
Deferred income taxes 57.7 4.1
Stock-based compensation expense 106.7 122.2
Net pension expense (14.6) 41.0
Net amortization of premiums and accretion of discounts on available-for-sale securities 40.7 38.9
Impairment of intangible assets 0.0 12.1
Gain on sale of assets (2.1) (4.1)
Other 44.9 25.3
Changes in operating assets and liabilities, net of effects from acquisitions:    
Increase in accounts receivable (281.6) (526.7)
Increase in other assets (762.3) (748.9)
(Decrease) / increase in accounts payable (3.6) 25.4
(Decrease) / increase in accrued expenses and other liabilities (34.0) 194.5
Net cash flows provided by operating activities 2,249.6 1,956.0
Cash Flows from Investing Activities:    
Purchases of corporate and client funds marketable securities (3,894.6) (2,725.8)
Proceeds from the sales and maturities of corporate and client funds marketable securities 4,749.9 2,090.6
Capital expenditures (139.3) (120.3)
Additions to intangibles (261.0) (329.9)
Acquisitions of businesses, net of cash acquired 0.0 (120.4)
Proceeds from the sale of property, plant, and equipment and other assets 23.6 7.9
Net cash flows provided by / (used in) investing activities 478.6 (1,197.9)
Cash Flows from Financing Activities:    
Net increase in client funds obligations 1,351.5 8,612.0
Payments of debt (1.6) (1.6)
Repurchases of common stock (1,006.3) (760.6)
Net proceeds from stock purchase plan and stock-based compensation plans 33.3 50.5
Dividends paid (1,078.9) (949.6)
Net payments of reverse repurchase agreements (262.0) 0.0
Other 0.0 (5.3)
Net Cash Provided by (Used in) Financing Activities, Total (964.0) 6,945.4
Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents (41.4) (34.1)
Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents 1,722.8 7,669.4
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period 6,796.2 6,542.1
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period 8,519.0 14,211.5
Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the Consolidated Balance Sheets    
Total cash, cash equivalents, restricted cash, and restricted cash equivalents 8,519.0 14,211.5
Supplemental disclosures of cash flow information:    
Cash paid for interest 103.8 108.6
Cash paid for income taxes, net of income tax refunds $ 520.2 $ 437.7