XML 41 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Statements of Consolidated Cash Flows - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net earnings $ 2,060.3 $ 2,054.9
Adjustments to reconcile net earnings to cash flows provided by operating activities:    
Depreciation and amortization 384.7 355.5
Amortization of deferred contract costs 700.5 687.4
Deferred income taxes (38.3) 57.7
Stock-based compensation expense 126.4 106.7
Net pension income (35.9) (14.6)
Net amortization of premiums and accretion of discounts on available-for-sale securities 48.7 40.7
Impairment of assets 7.6 0.0
Gain on sale of assets (3.4) (2.1)
Other 18.2 44.9
Changes in operating assets and liabilities:    
Increase in accounts receivable (365.2) (281.6)
Increase in other assets (794.0) (762.3)
Increase/(Decrease) in accounts payable 9.8 (3.6)
Increase/(Decrease) in accrued expenses and other liabilities 321.1 (34.0)
Net cash flows provided by operating activities 2,440.5 2,249.6
Cash Flows from Investing Activities:    
Purchases of corporate and client funds marketable securities (7,148.3) (3,894.6)
Proceeds from the sales and maturities of corporate and client funds marketable securities 5,159.6 4,749.9
Capital expenditures (145.3) (139.3)
Additions to intangibles (240.2) (261.0)
Proceeds from sale of property, plant, and equipment and other assets 7.8 23.6
Net cash flows (used in)/provided by investing activities (2,366.4) 478.6
Cash Flows from Financing Activities:    
Net increase in client funds obligations 14,999.9 1,351.5
Payments of debt (1,001.6) (1.6)
Proceeds from the issuance of debt 991.1 0.0
Settlement of cash flow hedges (43.6) 0.0
Repurchases of common stock (902.5) (1,006.3)
Net proceeds from stock purchase plan and stock-based compensation plans 73.5 33.3
Dividends paid (1,179.5) (1,078.9)
Net payments related to reverse repurchase agreements (13.6) (262.0)
Net cash flows provided by/(used in) financing activities 12,923.7 (964.0)
Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents 70.4 (41.4)
Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents 13,068.2 1,722.8
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period 7,053.6 6,796.2
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period 20,121.8 8,519.0
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 20,121.8 8,519.0
Supplemental disclosures of cash flow information:    
Cash paid for interest 52.3 103.8
Cash paid for income taxes, net of income tax refunds $ 570.1 $ 520.2