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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net income $ 79.3 $ 52.3
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 314.0 314.7
Gain on sale of SRT   (5.5)
Non-cash interest expense 5.5 5.0
Stock-based compensation 54.2 52.9
Amortization of deferred revenue (81.7) (74.3)
Foreign currency (gain)/loss on intercompany loans (14.5) 12.9
Deferred income taxes 28.7 32.4
Provision for bad debts 4.9 4.1
Non-cash loss on investments   0.6
Changes in operating assets and liabilities    
Trade receivables 47.9 22.9
Accounts payable and accrued liabilities 1.5 (26.9)
Additions to deferred revenue 141.0 81.1
Other assets and liabilities (12.6) 0.2
Net cash provided by operating activities 568.2 472.4
Cash flows from investing activities    
Purchases of property and equipment (471.7) (384.7)
Proceeds from sale of SRT, net of cash held in escrow   39.0
Net cash used in investing activities (471.7) (345.7)
Cash flows from financing activities    
Proceeds from debt   250.0
Principal payments on debt (97.5) (42.5)
Principal payments on finance lease obligations (4.1) (4.0)
Common stock repurchases   (402.5)
Cash paid for Santa Clara acquisition financing arrangement and other   (4.6)
Net cash used in financing activities (101.6) (203.6)
Net cash flows (5.1) (76.9)
Effect of changes in foreign exchange rates on cash 1.3 (6.8)
Net decrease in cash, cash equivalents and restricted cash (3.8) (83.7)
Cash, cash equivalents and restricted cash, beginning of period 187.3 261.3
Cash, cash equivalents and restricted cash, end of period 183.5 177.6
Supplemental disclosure of non-cash investing and financing activities:    
Cash paid for interest, net of capitalized interest 155.9 153.1
Cash paid for income taxes 4.8 2.7
Non-cash purchases of equipment through finance leasing 9.2 53.0
Non-cash purchases of equipment and other assets through nonmonetary exchange 64.6 31.1
Change in accounts payable and accrued expenses for purchases of property and equipment $ 29.7 $ (26.8)