XML 27 R7.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES:      
Net income (loss) $ (272,107) $ 28,690 $ (547)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 55,594 55,115 55,340
Deferred income tax expense (benefit) (87,242) 30,690 (305)
Share-based compensation 9,027 9,896 7,719
Asset impairment charges 375,381 24,960 88,084
Loss on sale/disposal of assets 1,559 848 290
Loss (gain) on investment securities   (3,313) (2,914)
Loss on extinguishment of debt 448    
Loss on sale of intangible asset   15,514  
Amortization of debt discount and other debt issuance costs 17,641 21,866 20,577
Other noncash expenses 2,579 5 1,889
Changes in assets and liabilities which provided (used) cash, net of acquisitions:      
Accounts receivable, net 84,949 (48,585) 1,701
Inventories (2,336) (19,031) (7,700)
Prepaid income taxes/Income taxes payable 18,319 2,174 (17,748)
Other assets 2,643 (2,287) 1,916
Rebates payable (3,225) 4,807 14,369
Royalties payable 10,260 2,940 (2,112)
Restructuring liability (4,391) 1,275 1,301
Settlement liability     1,000
Accounts payable (43,274) (4,953) 5,000
Accrued expenses (1,620) (5,074) 3,252
Accrued payroll and payroll-related expenses 12,105 2,986 (5,739)
Net cash provided by operating activities 176,310 118,523 165,373
INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (24,340) (52,316) (48,694)
Proceeds from sale of property, plant and equipment 14,450 28 112
Proceeds from sale of outstanding loan to Variable Interest Entity ("VIE") 5,600    
Advance to VIE   (10,254)  
Purchases of intangible asset (3,000) (19,038)  
Proceeds from sale of investment securities   94,047 67,828
Purchase of investment securities   (63,643) (77,911)
Net cash used in investing activities (7,290) (51,176) (58,665)
FINANCING ACTIVITIES:      
Repayments of short-term borrowings and long-term debt (126,743) (85,705) (178,233)
Purchase of noncontrolling interest     (1,500)
Acquisition-related contingent consideration     (35,000)
Proceeds from issuance of stock 1,180 4,142 2,818
Payment of debt issuance costs (1,102)    
Purchase of treasury stock (592) (4,642) (1,898)
Net cash used in financing activities (127,257) (86,205) (213,813)
Effect on cash and cash equivalents of changes in foreign exchange rates (100) (293) 73
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 41,663 (19,151) (107,032)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 98,586 117,737 224,769
CASH AND CASH EQUIVALENTS, END OF PERIOD 140,249 98,586 117,737
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest paid (net of amounts capitalized of $00, $1.6 million and $1.3 million for the years ended June 30, 2019, 2018 and 2017, respectively) 66,750 63,563 67,115
Income taxes paid (refunded) (4,641) (6,559) 19,150
Credits issued pursuant to a Settlement Agreement   17,000 5,000
Andor Pharmaceuticals, LLC ("Andor") License Agreement acquisition 16,000    
Accrued purchases of property, plant and equipment $ 765 $ 3,572 $ 446