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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 547.6 $ (14.6)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 389.5 436.1
Non-cash lease expense 55.6 61.6
Deferred income taxes 48.6 (238.8)
Provision (releases) for bad debts 2.6 (9.6)
Provision for pension and other post-employment benefits 11.9 8.3
Share-based compensation 164.3 28.9
Gains on disposals of long-term assets (111.1) 0.0
(Gain) loss on sale of business in discontinued operations (6.1) 246.6
Realized and unrealized gains from equity investments, net (576.7) (60.9)
Foreign exchange effects 1.0 26.8
Deferred financing fees write-offs 3.8 0.0
Other 11.5 44.7
Change in operating assets and liabilities    
Trade receivables (161.4) (57.3)
Inventories (10.1) 114.2
Prepaid expenses and other current assets 23.0 (133.0)
Accounts payable 137.3 (137.8)
Accrued expenses and other current liabilities 246.4 64.8
Operating lease liabilities (54.8) (104.4)
Income and other taxes payable 59.9 (44.4)
Other noncurrent assets (8.5) 30.5
Other noncurrent liabilities (14.8) 24.7
Net cash provided by operating activities 759.5 286.4
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (133.0) (143.7)
Proceeds from sale of long-term assets 169.7 4.3
Proceeds from contingent consideration from sale of discontinued business 34.0 0.0
Proceeds from sale of business, net of cash disposed 0.0 27.0
Proceeds from sale of discontinued business, net of cash disposed 0.0 2,374.1
Return of capital from equity investments 210.7 448.0
Payment for equity investment and related asset acquisition 0.0 (200.0)
Termination of currency swaps designated as net investment hedges 0.0 (37.6)
Net cash provided by investing activities 281.4 2,472.1
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from short-term debt, original maturity less than three months 4.8 0.5
Proceeds from revolving loan facilities 444.3 2,147.9
Repayments of revolving loan facilities (1,114.7) (2,963.7)
Proceeds from issuance of other long-term debt 500.0 0.0
Repayments of term loans and other long-term debt (256.1) (2,162.0)
Dividend payment on Class A Common Stock (1.3) (1.5)
Dividend payment on Convertible Series B Preferred Stock (52.5) 0.0
Proceeds from issuance of Convertible Series B Preferred Stock 0.0 227.2
Net (payments of) proceeds from foreign currency contracts (94.1) 20.3
Purchase of remaining mandatorily redeemable noncontrolling interest (7.1) 0.0
Distributions to noncontrolling interests, redeemable noncontrolling interests and mandatorily redeemable financial instruments (15.1) (6.3)
Payment of deferred financing fees (39.3) 0.0
All other (11.6) (4.8)
Net cash used in financing activities (642.7) (2,742.4)
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH (8.4) (10.1)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 389.8 6.0
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 310.4 352.0
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period 700.2 358.0
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid during the period for interest 120.7 164.0
Net cash payments (refunds) for income taxes 68.1 (5.5)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued capital expenditure additions 65.4 44.5
Redemption of Series B Preferred Stock in exchange for Wella Equity Investment 603.3 0.0
Conversion of Series B Preferred Stock into Class A Common Stock 429.5 0.0
Non-cash Series B Preferred Stock dividends and deemed (contributions) dividends $ (1.1) $ 78.1