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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 523.2 $ 267.7 $ (205.1)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 426.7 516.4 585.3
Non-cash lease expense 63.6 78.5 81.2
Asset impairment charges 0.0 31.4 0.0
Deferred income taxes 56.3 12.1 (218.1)
(Release) provision for bad debts (18.9) 20.5 (13.2)
Provision for pension and other post-employment benefits 8.5 12.7 17.8
Share-based compensation 135.9 195.5 29.9
(Gain) loss on sale of business in discontinued operations and other business divestiture 0.0 (6.1) 246.4
(Gains) losses on disposals of long-lived assets and license terminations, net (99.7) (115.8) 15.4
Realized and unrealized gains from equity investments, net (226.3) (400.3) (70.3)
Foreign exchange effects 29.9 (16.8) 26.7
Unrealized gains on forward repurchase contracts, net (196.9) (16.1) 0.0
Other 8.9 21.3 54.6
Change in operating assets and liabilities:      
Trade receivables 36.8 (77.2) 10.5
Inventories (180.3) (48.3) 81.2
Prepaid expenses and other current assets (15.2) (12.7) (136.5)
Accounts payable 138.4 140.5 (49.7)
Accrued expenses and other current liabilities (21.9) 129.6 (45.8)
Operating lease liabilities (61.0) (70.7) (125.3)
Income and other taxes payable 59.9 91.7 19.9
Other noncurrent assets (7.5) (6.7) 40.2
Other noncurrent liabilities (34.7) (20.6) (26.4)
Net cash provided by operating activities 625.7 726.6 318.7
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (222.8) (174.1) (173.9)
Proceeds from sale of long-lived assets and license termination 104.6 179.2 4.3
Proceeds related to the sale of discontinued business, net of cash acquired and related contingent consideration 0.0 34.0 2,374.1
Return of capital from equity investments 0.0 230.6 448.0
Payments for equity investment and asset acquisition 0.0 0.0 (200.0)
Proceeds from sale of business, net of cash disposed 0.0 0.0 27.0
Termination of currency swaps designated as net investment hedges 0.0 0.0 (37.6)
Net cash (used in) provided by investing activities (118.2) 269.7 2,441.9
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds of short-term debt, original maturity less than three months 0.0 0.6 0.0
Proceeds from revolving loan facilities 1,558.0 943.0 2,759.8
Repayments of revolving loan facilities (1,600.1) (1,338.8) (3,593.3)
Proceeds from issuance of other long term debt 0.0 542.4 1,748.8
Repayments of term loans and other long term debt (226.1) (868.3) (3,894.5)
Dividend payments on Class A Common Stock and Convertible Series B Preferred Stock (13.7) (57.2) (25.7)
Proceeds from issuance of Class A Common Stock and Convertible Series B Preferred Stock 0.9 0.0 227.2
Net (payments) proceeds for foreign currency contracts (128.1) (178.5) 18.5
Distributions to mandatorily redeemable financial interests, redeemable noncontrolling interests and noncontrolling interests (17.3) (16.9) (8.6)
Payments related to forward repurchase contracts (26.4) 0.0 0.0
Purchase of remaining mandatorily redeemable financial interest 0.0 (7.1) 0.0
Payment of deferred financing fees 0.0 (39.6) (21.9)
All other (16.5) (13.6) (5.4)
Net cash (used in) financing activities (469.3) (1,034.0) (2,795.1)
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH (18.2) (8.9) (7.1)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 20.0 (46.6) (41.6)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 263.8 310.4 352.0
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period 283.8 263.8 310.4
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:      
Cash paid during the year for interest 229.1 215.4 230.6
Cash paid during the year for income taxes, net of refunds received 58.6 97.2 15.9
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:      
Accrued capital expenditure additions 107.8 100.1 69.7
Redemption of Series B Preferred Stock in exchange for Wella Equity Investment 0.0 603.3 0.0
Conversion of Series B Preferred Stock into Class A Common Stock 0.0 429.5 0.0
Non-cash Series B Preferred Stock dividends and deemed (contributions) dividends $ 0.0 $ (1.1) $ 78.1