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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 285,267 $ 276,968
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 106,385 106,255
Amortization of deferred financing costs 1,644 1,688
Non-cash lease expense 50,765 52,293
Stock-based compensation expense 35,016 30,564
Deferred income taxes (36,231) (84,794)
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net (109,617) (80,116)
Prepaid expenses and other assets (24,254) (42,137)
Accounts payable and other accrued expenses 179,922 62,116
Accrued compensation and benefits (117,580) (62,522)
Income taxes payable and receivable 2,483 28,825
Operating lease liabilities (55,111) (58,667)
Long-term liabilities 21,434 5,481
Net cash provided by operating activities 340,123 235,954
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (41,091) (40,844)
Acquisitions of businesses, net of cash acquired (81,577) 0
Other 1,974 1,626
Net cash used in investing activities (120,694) (39,218)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 2,421,000 2,384,000
Principal payments made under bank credit facilities (2,426,625) (2,314,969)
Proceeds from employee stock purchase plans 8,374 7,638
Repurchases of common stock (158,426) (270,449)
Payment of taxes for equity transactions (19,945) (14,115)
Net cash used in financing activities (175,622) (207,895)
Effect of exchange rate changes on cash and cash equivalents (357) 3,144
Net change in cash and cash equivalents 43,450 (8,015)
Cash and cash equivalents, beginning of period 115,776 114,804
Cash and cash equivalents, end of period 159,226 106,789
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 101,965 131,114
Cash paid during the period for interest 71,089 47,941
Non-cash financing and investing activities:    
Accrued capital expenditures 1,000 4,803
Landlord sponsored tenant incentives $ 9,183 $ 3,883