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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES      
Net (loss) income $ (5,047) $ 247,876 $ 205,060
Adjustments for non-cash items:      
Depreciation 106,049 97,641 94,012
Amortization 13,811 14,411 14,668
Stock-based compensation expense 16,048 22,845 20,830
Restructuring and asset impairment charges 34,175 (203) (248)
Deferred income tax provision (23,899) 2,806 22,915
Loss on divestiture 6,517    
Other 2,613 2,654 4,651
Changes in certain assets and liabilities:      
Accounts receivable 128,715 17,323 (22,201)
Inventories 28,185 (53,387) (37,230)
Accounts payable and accrued liabilities (46,315) (49,378) (5,046)
Accrued income taxes (8,645) 9,013 11,093
Accrued pension and postretirement benefits (20,022) (8,186) (26,759)
Other (8,447) (2,896) (4,441)
Net cash flow provided by operating activities 223,738 300,519 277,304
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (244,151) (212,343) (171,004)
Disposals of property, plant and equipment 2,622 11,243 14,358
Proceeds from divestiture 23,950    
Other (757) (381) (225)
Net cash flow used for investing activities (218,336) (201,481) (156,871)
FINANCING ACTIVITIES      
Net (decrease) increase in notes payable (175) (715) 495
Net increase (decrease) in revolving and other lines of credit 500,364 (174) 0
Term debt borrowings 0 0 295,863
Term debt repayments 0 (400,000) (190)
Purchase of capital stock (209) (214) (217)
The effect of employee benefit and stock plans and dividend reinvestment (5,464) (4,744) 17,975
Cash dividends paid to Shareholders (66,303) (65,746) (65,104)
Other (2,762) 161 (1,625)
Net cash flow provided by (used for) financing activities 425,451 (471,432) 247,197
Effect of exchange rate changes on cash and cash equivalents (6,184) (1,744) (2,106)
CASH AND CASH EQUIVALENTS      
Net increase (decrease) in cash and cash equivalents 424,669 (374,138) 365,524
Cash and cash equivalents, beginning of year 182,015 556,153 190,629
Cash and cash equivalents, end of year $ 606,684 $ 182,015 $ 556,153