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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 341,975 $ 285,267
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 139,264 106,385
Amortization of deferred financing costs 2,134 1,644
Stock-based compensation expense 44,108 35,016
Deferred income taxes (7,813) (36,231)
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net (90,185) (109,617)
Prepaid expenses and other assets 359 (24,254)
Accounts payable and other accrued expenses (3,759) 179,922
Accrued compensation and benefits (44,238) (117,580)
Income taxes payable and receivable 6,685 2,483
Operating lease liabilities and assets, net 389 (4,346)
Long-term liabilities 2,108 21,434
Net cash provided by operating activities 391,027 340,123
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (37,640) (41,091)
Acquisitions of businesses, net of cash acquired (1,642,075) (81,577)
Other 2,410 1,974
Net cash used in investing activities (1,677,305) (120,694)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 5,833,500 2,421,000
Principal payments made under bank credit facilities (4,257,835) (2,426,625)
Payment of financing costs under bank credit facilities (9,803) 0
Proceeds from employee stock purchase plans 9,668 8,374
Repurchases of common stock (163,998) (158,426)
Payment of taxes for equity transactions (37,058) (19,945)
Net cash provided by (used in) financing activities 1,374,474 (175,622)
Effect of exchange rate changes on cash and cash equivalents 1,740 (357)
Net change in cash and cash equivalents 89,936 43,450
Cash and cash equivalents, beginning of period 133,961 115,776
Cash and cash equivalents, end of period 223,897 159,226
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 91,774 101,965
Cash paid during the period for interest 94,541 71,089
Non-cash financing and investing activities:    
Accrued capital expenditures 3,099 1,000
Landlord sponsored tenant incentives $ 6,870 $ 9,183