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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 375.9 $ 492.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 210.4 267.6
Non-cash lease expense 32.1 36.6
Deferred income taxes 84.6 99.4
(Releases) provision for bad debts (15.8) 1.1
Provision for pension and other post-employment benefits 4.6 8.5
Share-based compensation 65.3 135.8
Losses (gains) on disposals of long-term assets, net 4.7 (91.1)
Gain on sale of business in discontinued operations 0.0 (4.8)
Realized and unrealized gains from equity investments, net (208.0) (516.9)
Foreign exchange effects 24.8 (9.9)
Deferred financing fees write-offs 0.8 6.7
Unrealized gains on forward repurchase contracts, net (19.4) 0.0
Other 12.8 9.3
Change in operating assets and liabilities    
Trade receivables (45.7) (188.7)
Inventories (55.3) 40.2
Prepaid expenses and other current assets (55.2) (101.5)
Accounts payable 227.2 257.1
Accrued expenses and other current liabilities 75.1 271.8
Operating lease liabilities (33.5) (40.2)
Income and other taxes payable 12.2 46.9
Other noncurrent assets (13.3) (4.4)
Other noncurrent liabilities (38.9) 18.6
Net cash provided by operating activities 645.4 734.7
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (102.1) (86.0)
Proceeds from sale of long term assets, including assets under restructuring programs 56.9 126.5
Proceeds from contingent consideration from sale of discontinued business 0.0 34.0
Net cash (used in) provided by investing activities (45.2) 74.5
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving loan facilities 612.0 444.3
Repayments of revolving loan facilities (806.1) (1,114.7)
Proceeds from issuance of other long-term debt 0.0 500.0
Repayments of term loans and other long-term debt (188.6) (212.2)
Dividend payments on Class A Common Stock and Class B Preferred Stock (7.1) (50.4)
Net payments of foreign currency contracts (133.5) (50.8)
Purchase of remaining mandatorily redeemable noncontrolling interest 0.0 (7.1)
Distributions to noncontrolling interests, redeemable noncontrolling interests and mandatorily redeemable financial instruments 0.0 (8.5)
Payment of deferred financing fees 0.0 (37.2)
All other (13.3) (10.9)
Net cash used in financing activities (536.6) (547.5)
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH (15.1) (9.6)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 48.5 252.1
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 263.8 310.4
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period 312.3 562.5
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid during the period for interest 121.7 109.0
Net cash payments for income taxes 27.3 43.5
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued capital expenditure additions 85.3 56.3
Redemption of Series B Preferred Stock in exchange for Wella Equity Investment 0.0 603.3
Conversion of Series B Preferred Stock into Class A Common Stock 0.0 429.5
Non-cash Series B Preferred Stock dividends and deemed dividends (contributions) $ 0.0 $ (1.1)