XML 21 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 320,466 $ 227,749
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 93,608 81,888
Amortization of deferred financing costs 1,743 1,762
Non-cash lease expense 57,800 54,493
Stock-based compensation expense 23,841 22,204
Deferred income taxes (585) 39,527
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net (18,826) 36,433
Prepaid expenses and other assets (27,068) (35,461)
Accounts payable and other accrued expenses 27,933 27,638
Accrued compensation and benefits 41,691 (4,522)
Income taxes payable and receivable 10,102 (42,383)
Operating lease liabilities (55,274) (56,240)
Long-term liabilities 25,085 4,737
Net cash provided by operating activities 500,516 357,825
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (51,273) (54,331)
Cash paid for business acquisitions, net of cash acquired (355,452) (102,437)
Other (2,744)  
Net cash used in investing activities (403,981) (156,768)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 2,478,500 1,438,500
Principal payments made under bank credit facilities (2,062,690) (1,593,690)
Proceeds from employee stock purchase plans 6,840 5,463
Repurchases of common stock (506,629) (5,584)
Payment of taxes for equity transactions (19,567) (30,616)
Net cash used in financing activities (103,546) (194,627)
Payment of contingent consideration   8,700
Effect of exchange rate changes on cash and cash equivalents 5,366 (1,302)
Net increase (decrease) in cash and cash equivalents (1,645) 5,128
Cash and cash equivalents at beginning of period 107,236 72,028
Cash and cash equivalents at end of period 105,591 77,156
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 48,855 46,895
Cash paid during the period for interest 25,405 41,151
Non-cash financing and investing activities:    
Landlord sponsored tenant improvement 15,468 1,630
Accrued capital expenditures $ 1,075 $ 3,687