XML 23 R7.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 499,830 $ 419,924 $ 384,735
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 195,125 142,145 141,564
Amortization of deferred financing costs 3,031 2,194 2,233
Stock-based compensation expense 60,177 53,904 39,643
Deferred income taxes (27,060) (49,763) (146,013)
Changes in operating assets and liabilities, net of effect of business acquisitions:      
Accounts receivable, net (269,215) (127,878) 32,081
Prepaid expenses and other assets 24,187 580 (43,568)
Accounts payable and other accrued expenses 125,914 125,173 (6,629)
Accrued compensation and benefits (49,005) (58,352) (34,422)
Income taxes (4,862) (27,227) 10,997
Operating lease liabilities (6,015) (6,007) (6,186)
Long-term liabilities (5,098) 22,638 13,621
Net cash provided by operating activities 547,009 497,331 388,056
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (65,603) (63,686) (63,717)
Acquisitions of businesses, net of cash acquired (1,695,749) (90,240) (14,462)
Other 2,409 1,974 2,462
Net cash used in investing activities (1,758,943) (151,952) (75,717)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from borrowings 8,209,000 3,102,000 3,238,000
Principal payments on borrowings (6,816,023) (3,257,938) (3,276,625)
Deferred financing costs (22,227) 0 0
Proceeds from employee stock purchase plans 13,697 11,290 10,225
Repurchases of common stock (168,563) (161,487) (273,235)
Payment of taxes for equity transactions (38,003) (20,760) (14,473)
Net cash provided by (used in) financing activities 1,177,881 (326,895) (316,108)
Effect of exchange rate changes on cash and cash equivalents 6,273 (299) 4,741
Net change in cash and cash equivalents (27,780) 18,185 972
Cash and cash equivalents, beginning of year 133,961 115,776 114,804
Cash and cash equivalents, end of year 106,181 133,961 115,776
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid during the period for income taxes 134,782 182,800 219,343
Cash paid during the period for interest 145,040 93,441 72,723
Non-cash financing and investing activities:      
Accrued capital expenditures 4,561 2,043 3,031
Landlord sponsored tenant incentives $ 8,692 $ 13,706 $ 3,958