XML 23 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 419,924 $ 384,735 $ 366,794
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 142,145 141,564 134,681
Amortization of deferred financing costs 2,194 2,233 2,276
Loss on extinguishment of debt 0 0 891
Non-cash lease expense 67,898 69,400 69,382
Stock-based compensation expense 53,904 39,643 31,732
Deferred income taxes (49,763) (146,013) 9,570
Changes in operating assets and liabilities, net of effect of business acquisitions:      
Accounts receivable, net (127,878) 32,081 (4,463)
Prepaid expenses and other assets 580 (43,568) (13,605)
Accounts payable and other accrued expenses 125,173 (6,629) 80,874
Accrued compensation and benefits (58,352) (34,422) (55,037)
Income taxes payable and receivable (27,227) 10,997 187,854
Operating lease liabilities (73,905) (75,586) (74,080)
Long-term liabilities 22,638 13,621 8,685
Net cash provided by operating activities 497,331 388,056 745,554
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (63,686) (63,717) (74,564)
Acquisitions of businesses, net of cash acquired (90,240) (14,462) (615,508)
Other 1,974 2,462 923
Net cash used in investing activities (151,952) (75,717) (689,149)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from borrowings under bank credit facilities 3,102,000 3,238,000 2,508,595
Principal payments made under bank credit facilities (3,257,938) (3,276,625) (2,508,542)
Payment of financing costs under bank credit facilities 0 0 (6,286)
Proceeds from employee stock purchase plans 11,290 10,225 9,728
Repurchases of common stock (161,487) (273,235) (9,785)
Payment of taxes for equity transactions (20,760) (14,473) (14,919)
Net cash used in financing activities (326,895) (316,108) (21,209)
Effect of exchange rate changes on cash and cash equivalents (299) 4,741 (8,423)
Net change in cash and cash equivalents 18,185 972 26,773
Cash and cash equivalents, beginning of year 115,776 114,804 88,031
Cash and cash equivalents, end of year 133,961 115,776 114,804
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid (refunds received) during the period for income taxes 182,800 219,343 (121,998)
Cash paid during the period for interest 93,441 72,723 37,652
Non-cash financing and investing activities:      
Accrued capital expenditures 2,043 3,031 1,863
Landlord sponsored tenant incentives $ 13,706 $ 3,958 $ 2,788