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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 267.7 $ (205.1) $ (1,002.7)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 516.4 585.3 716.5
Non-cash lease expense 78.5 81.2 104.5
Asset impairment charges 31.4 0.0 434.0
Deferred income taxes 12.1 (218.1) (342.7)
Provision (release) for bad debts 20.5 (13.2) 55.4
Provision for pension and other post-employment benefits 12.7 17.8 15.9
Share-based compensation 195.5 29.9 29.8
(Gain) loss on sale of business in discontinued operations and other business divestiture (6.1) 246.4 (111.5)
(Gains) losses on disposals of long-lived assets, net (115.8) 15.4 37.6
Realized and unrealized gains from equity investments, net (400.3) (70.3) 0.0
Foreign exchange effects (16.8) 26.7 30.5
Other 5.2 54.6 26.6
Change in operating assets and liabilities, net of effects from purchase of acquired companies:      
Trade receivables (77.2) 10.5 424.5
Inventories (48.3) 81.2 124.4
Prepaid expenses and other current assets (12.7) (136.5) 25.9
Accounts payable 140.5 (49.7) (373.5)
Accrued expenses and other current liabilities 129.6 (45.8) (36.3)
Operating lease liabilities (70.7) (125.3) (106.6)
Income and other taxes payable 91.7 19.9 (46.1)
Other noncurrent assets (6.7) 40.2 0.8
Other noncurrent liabilities (20.6) (26.4) (57.9)
Net cash provided by (used in) operating activities 726.6 318.7 (50.9)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (174.1) (173.9) (267.4)
Proceeds from sale of long-lived assets, including assets under restructuring programs 179.2 4.3 0.6
Proceeds related to sale of discontinued business, net of cash disposed 34.0 2,374.1 0.0
Return of capital from equity investments 230.6 448.0 0.0
Payments for equity investment, business combinations and asset acquisitions, net of cash acquired 0.0 (200.0) (592.2)
Proceeds from sale of business, net of cash disposed 0.0 27.0 25.6
Termination of currency swaps designated as net investment hedges 0.0 (37.6) 0.0
Net cash provided by (used in) investing activities 269.7 2,441.9 (833.4)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds (repayments) of short-term debt, original maturity less than three months 0.6 0.0 (4.3)
Proceeds from revolving loan facilities 943.0 2,759.8 4,681.3
Repayments of revolving loan facilities (1,338.8) (3,593.3) (4,044.4)
Proceeds from issuance of other long term debt 542.4 1,748.8 0.0
Repayments of term loans and other long term debt (868.3) (3,894.5) (186.4)
Dividend payments on Class A Common Stock and Convertible Series B Preferred Stock (57.2) (25.7) (196.9)
Proceeds from issuance of Convertible Series B Preferred Stock 0.0 227.2 724.5
Net (payments) proceeds for foreign currency contracts (178.5) 18.5 0.2
Distributions to mandatorily redeemable financial interests, redeemable noncontrolling interests and noncontrolling interests (16.9) (8.6) (24.5)
Purchase of remaining mandatorily redeemable financial interest (7.1) 0.0 (45.0)
Payment of deferred financing fees (39.6) (21.9) (14.2)
All other (13.6) (5.4) (13.0)
Net cash (used in) provided by financing activities (1,034.0) (2,795.1) 877.3
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH (8.9) (7.1) (21.4)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (46.6) (41.6) (28.4)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 310.4 352.0 380.4
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period 263.8 310.4 352.0
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:      
Cash paid during the year for interest 215.4 230.6 280.6
Cash paid during the year for income taxes, net of refunds received 97.2 15.9 123.2
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:      
Accrued capital expenditure additions 100.1 69.7 76.7
Redemption of Series B Preferred Stock in exchange for Wella Equity Investment 603.3 0.0 0.0
Conversion of Series B Preferred Stock into Class A Common Stock 429.5 0.0 0.0
Non-cash Common Stock dividend 0.0 0.0 88.9
Non-cash Series B Preferred Stock dividends and deemed (contributions) dividends (1.1) 78.1 6.5
Accrued fees related to the issuance of Convertible Series B Preferred Stock $ 0.0 $ 0.0 $ 15.2