Revision to Statements of Cash Flows

12 Months Ended

Jun. 30, 2014

Revision to Statements of Cash Flows

Revision to Statements of Cash Flows

2. Revision to Statements of Cash Flows

During fiscal year 2014, the Company identified an error in the classification of amounts in previously reported statements of cash flows. The classification error is related to the reporting of purchases of property, equipment and software that should be adjusted for amounts not yet paid in cash as of the balance sheet date, which were previously incorrectly reflected as cash used in investing activities and cash provided from operating activities. The Company assessed the materiality of this classification error and determined that the classification error is not material to any previously reported financial statements. The revision of prior reported amounts has no impact on the reported change in cash and cash equivalents or amounts reported in the consolidated balance sheets, statements of income, statements of comprehensive income or statements of changes in equity.  The effects of the revisions to the statements of cash flows for the years ended June 30, 2013 and 2012 are presented in the following table:

June 30, 2013
($ in millions)	As Reported			Revision Impact			As Revised
Net cash provided from (used for) operating activities	$	215.2		$	(26.7	)	$	188.5
Net cash (used for) provided from investing activities	(327.7		)	26.7			(301.0		)
Net cash provided from financing activities	155.5			—			155.5
Effect of exchange rate changes on cash and cash equivalents	3.5			—			3.5
Increase in cash and cash equivalents	$	46.5		$	—		$	46.5
June 30, 2012
($ in millions)	As Reported			Revision Impact			As Revised
Net cash provided from (used for) operating activities	$	160.3		$	(14.1	)	$	146.2
Net cash (used for) provided from investing activities	(154.9		)	14.1			(140.8		)
Net cash used for financing activities	(283.4		)	—			(283.4		)
Effect of exchange rate changes on cash and cash equivalents	(3.5		)	—			(3.5		)
Decrease in cash and cash equivalents	$	(281.5	)	$	—		$	(281.5	)