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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities      
Net earnings $ 99.4 $ 188.9 $ 33.9
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation 54.2 34.8 39.4
Amortization 74.8 19.1 19.7
Share-based compensation 30.4 12.8 12.8
Amortization of original issue discount and debt issuance costs 6.1 0.0 0.0
Deferred income taxes (116.5) 42.5 9.1
Amortization of broadcast rights 19.2 17.6 16.7
Payments for broadcast rights (20.7) (17.0) (16.9)
Write-down of impaired assets 23.0 9.8 162.0
Fair value adjustment to contingent consideration (4.8) (19.5) (4.1)
Excess tax benefits from share-based payments 0.0 (6.8) (4.2)
Other operating activities, net 13.1 0.0 0.0
Changes in assets and liabilities, net of acquisitions/dispositions      
Accounts receivable 12.6 (15.2) 10.7
Inventories (0.3) (1.2) 3.5
Other current assets (4.3) 4.7 (0.5)
Subscription acquisition costs 45.4 4.7 (3.1)
Other assets (101.1) (2.1) 4.9
Assets and liabilities held-for-sale 28.4 0.0 0.0
Accounts payable (13.0) (15.5) (11.9)
Accrued expenses and other liabilities 73.6 8.3 (16.6)
Unearned subscription revenues (68.7) (16.9) (31.3)
Other noncurrent liabilities 0.6 (29.7) 2.5
Net cash provided by operating activities 151.4 219.3 226.6
Cash flows from investing activities      
Acquisitions of and investments in businesses, net of cash acquired (2,786.5) (84.4) (8.2)
Proceeds from disposition of assets, net of cash sold 219.2 1.5 1.8
Additions to property, plant, and equipment (53.2) (34.8) (25.0)
Other 3.1 0.0 0.0
Net cash used in investing activities (2,617.4) (117.7) (31.4)
Cash flows from financing activities      
Proceeds from issuance of long-term debt 3,260.0 380.0 167.5
Repayments of long-term debt (765.1) (374.4) (267.5)
Issued preferred stock, warrants, and options proceeds, net of issuance costs 631.0 0.0 0.0
Dividends paid (121.5) (91.9) (86.1)
Purchases of Company stock (31.1) (53.3) (31.1)
Proceeds from common stock issued 19.3 38.0 20.9
Excess tax benefits from share-based payments 0.0 6.8 4.2
Payment of acquisition related contingent consideration (5.1) (8.0) (0.8)
Debt acquisition costs (70.8) (1.5) (0.1)
Net cash provided by (used in) financing activities 2,916.7 (104.3) (193.0)
Effect of exchange rate changes on cash and cash equivalents (4.1) 0.0 0.0
Change in cash held-for-sale (31.3) 0.0 0.0
Net increase (decrease) in cash and cash equivalents 415.3 (2.7) 2.2
Cash and cash equivalents at beginning of year 22.3 25.0 22.8
Cash and cash equivalents at end of year 437.6 22.3 25.0
Cash paid      
Interest 66.3 22.0 20.2
Income taxes 24.0 73.1 73.0
Non-cash transactions      
Broadcast rights financed by contracts payable $ 18.8 $ 15.4 $ 19.3