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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES        
Net income $ 123,366 $ 150,201 $ 58,417  
Adjustments to reconcile to cash from operations:        
Depreciation 121,401 118,690 112,485  
Amortization 12,624 12,988 14,003  
Stock-based compensation expense 24,657 20,985 24,799  
Restructuring and other charges, net (Note 16) 4,106 (753) 5,664  
Deferred income taxes (9,219) 11,292 (21,189)  
Gain on divestiture (Note 4) 0 (1,001) 0 $ 6,500
Debt refinancing charge (Note 11) 0 0 9,071  
Other 7,079 (2,243) 6,754  
Changes in certain assets and liabilities:        
Accounts receivable (11,543) (14,432) (53,324)  
Inventories 17,582 (127,409) 61,270  
Accounts payable and accrued liabilities (32,514) 31,997 46,775  
Accrued income taxes 852 10,238 (18,273)  
Accrued pension and postretirement benefits (10,103) (24,216) (31,585)  
Other 9,657 (4,893) 20,815  
Net cash flow provided by operating activities 257,945 181,444 235,682  
INVESTING ACTIVITIES        
Purchases of property, plant and equipment (94,385) (96,924) (127,302)  
Disposals of property, plant and equipment 5,029 924 4,373  
Proceeds from divestiture (Note 4) 0 1,001 0 24,000
Other 126 60 (47)  
Net cash flow used for investing activities (89,230) (94,939) (122,976)  
FINANCING ACTIVITIES        
Net (decrease) increase in notes payable (1,270) (6,067) 605  
Net (decrease) increase in revolving and other lines of credit (19,000) 19,000 (500,000)  
Term debt borrowings 0 0 297,867  
Term debt repayments 0 0 (300,000)  
Make-whole premium on early extinguishment of debt (Note 11) 0 0 (9,639)  
Settlement of interest rate swap agreement (Note 6) 0 0 10,198  
Purchase of capital stock (49,290) (85,542) (197)  
The effect of employee benefit and stock plans and dividend reinvestment (6,042) (6,909) 821  
Cash dividends paid to Shareholders (64,524) (66,565) (66,735)  
Other (2,982) (4,652) (7,165)  
Net cash flow used for financing activities (143,108) (150,735) (574,245)  
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (5,172) (4,231) 8,902  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 20,435 (68,461) (452,637)  
CASH AND CASH EQUIVALENTS        
Cash and cash equivalents, beginning of year 85,586 154,047 606,684  
Cash and cash equivalents, end of year   85,586 154,047 $ 606,684
Cash and cash equivalents $ 106,021 $ 85,586 $ 154,047