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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES      
Net income $ 150,201 $ 58,417 $ (5,047)
Adjustments for non-cash items:      
Depreciation 118,690 112,485 106,049
Amortization 12,988 14,003 13,811
Stock-based compensation expense 20,985 24,799 16,048
Restructuring and asset impairment charges (753) 5,664 34,175
Deferred income tax provision 11,292 (21,189) (23,899)
Gain (Loss) on divestiture (1,001)   (6,517)
Debt Related Commitment Fees and Debt Issuance Costs   9,071  
Other (2,243) 6,754 2,613
Changes in certain assets and liabilities:      
Accounts receivable (14,432) (53,324) 128,715
Inventories (127,409) 61,270 28,185
Accounts payable and accrued liabilities 31,997 46,775 (46,315)
Accrued income taxes 10,238 (18,273) (8,645)
Accrued pension and postretirement benefits (24,216) (31,585) (20,022)
Other (4,893) 20,815 (8,447)
Net cash flow provided by operating activities 181,444 235,682 223,738
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (96,924) (127,302) (244,151)
Disposals of property, plant and equipment 924 4,373 2,622
Proceeds from Divestiture of Businesses 1,001   23,950
Other 60 (47) (757)
Net cash flow used for investing activities (94,939) (122,976) (218,336)
FINANCING ACTIVITIES      
Net (decrease) increase in notes payable (6,067) 605 (175)
Net decrease in short-term revolving and other lines of credit 19,000 (500,000) 500,364
Term debt borrowings 0 297,867 0
Term debt repayments 0 (300,000) 0
Payment for Debt Extinguishment or Debt Prepayment Cost   (9,639)  
Proceeds from Derivative Instrument, Financing Activities   10,198  
Purchase of capital stock (85,542) (197) (209)
The effect of employee benefit and stock plans and dividend reinvestment (6,909) 821 (5,464)
Cash dividends paid to Shareholders (66,565) (66,735) (66,303)
Other (4,652) (7,165) (2,762)
Net cash flow (used for) provided by financing activities (150,735) (574,245) 425,451
Effect of exchange rate changes on cash and cash equivalents (4,231) 8,902 (6,184)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (68,461) (452,637) 424,669
CASH AND CASH EQUIVALENTS      
Cash and cash equivalents, beginning of year 154,047 606,684 182,015
Cash and cash equivalents, end of year   154,047 606,684
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 85,586 $ 154,047 $ 606,684