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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 457,443 $ 321,480 $ 265,604
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 125,363 110,688 85,877
Amortization of deferred financing costs 2,320 2,346 2,406
Non-cash lease expense 77,148 73,248  
Loss on extinguishment of debt     363
Loss on disposal of assets 6 190 70
Stock-based compensation expense 30,463 29,302 25,272
Deferred income taxes 108,973 17,874 (1,009)
Changes in operating assets and liabilities, net of effect of business acquisitions:      
Accounts receivable, net (38,162) 34,550 96,754
Prepaid expenses and other assets (15,766) (38,432) (5,372)
Accounts payable and other accrued expenses 49,812 (24,406) 70,692
Accrued compensation and benefits 68,742 46,769 8,387
Income taxes payable and receivable (231,971) (25,118) 1,119
Deferred rent     (538)
Operating lease liabilities (73,057) (74,928)  
Long-term liabilities 30,901 45,142 5,672
Net cash provided by operating activities 592,215 518,705 555,297
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (73,129) (72,303) (47,902)
Cash paid for business acquisitions, net of cash acquired (356,261) (106,226) (1,082,809)
Other 2,744   2,729
Net cash used in investing activities (426,646) (178,529) (1,127,982)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from borrowings under bank credit facilities 3,290,000 1,698,000 2,531,500
Principal payments made under bank credit facilities (2,960,920) (1,960,920) (1,928,420)
Payment of financing costs under bank credit facilities     (3,177)
Payment of contingent consideration   (8,700) (616)
Proceeds from employee stock purchase plans 9,181 7,432 5,702
Repurchases of common stock (509,137) (7,806) (5,838)
Payment of taxes for equity transactions (19,720) (31,400) (19,595)
Net cash provided by (used in) financing activities (190,596) (303,394) 579,556
Effect of exchange rate changes on cash and cash equivalents 5,822 (1,574) (1,037)
Net change in cash and cash equivalents (19,205) 35,208 5,834
Cash and cash equivalents, beginning of year 107,236 72,028 66,194
Cash and cash equivalents, end of year 88,031 107,236 72,028
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid during the period for income taxes, net of refunds 142,177 79,071 68,303
Cash paid during the period for interest 36,137 50,986 44,673
Non-cash financing and investing activities:      
Accrued capital expenditures 950 1,078 8,223
Landlord sponsored tenant incentives $ 16,363 $ 2,925 $ 5,180