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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities      
Net earnings $ 46.3 $ 99.4 $ 188.9
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation 92.5 54.2 34.7
Amortization 155.1 74.8 19.1
Share-based compensation 22.9 30.4 12.8
Amortization of original issue discount and debt issuance costs 7.8 6.1 0.0
Deferred income taxes 66.0 (116.5) 42.5
Amortization of broadcast rights 20.0 19.2 17.6
Payments for broadcast rights (19.1) (20.7) (17.0)
Write-down of impaired assets 50.3 23.0 9.8
Loss on extinguishment of debt 18.4 0.0 0.0
Fair value adjustment to contingent consideration (5.3) (4.8) (19.5)
Excess tax benefits from share-based payments     (6.8)
Other operating activities, net (10.2) 13.1 0.0
Changes in assets and liabilities, net of acquisitions/dispositions      
Accounts receivable (69.3) 9.5 (15.2)
Inventories (18.4) (0.5) (1.2)
Other current assets 57.4 (4.9) 4.7
Subscription acquisition costs (312.0) 13.4 4.7
Other assets (21.9) (101.8) (2.1)
Assets and liabilities held-for-sale (18.6) 22.3 0.0
Accounts payable 36.2 (12.6) (15.5)
Accrued expenses and other liabilities (99.5) 73.2 7.6
Unearned subscription revenues 251.6 (27.3) (16.9)
Other noncurrent liabilities (4.9) 0.4 (29.6)
Net cash provided by operating activities 245.3 149.9 218.6
Cash flows from investing activities      
Acquisitions of and investments in businesses, net of cash acquired (18.4) (2,786.5) (84.4)
Proceeds from disposition of assets, net of cash sold 349.1 219.2 1.5
Proceeds received in advance of sale of business 90.0 0.0 0.0
Additions to property, plant, and equipment (46.4) (53.2) (34.8)
Other 0.0 3.8 0.0
Net cash provided by (used in) investing activities 374.3 (2,616.7) (117.7)
Cash flows from financing activities      
Proceeds from issuance of long-term debt 210.0 3,260.0 380.0
Repayments of long-term debt (1,037.0) (765.1) (374.4)
Issued preferred stock, warrants, and options proceeds, net of issuance costs 0.0 631.0 0.0
Dividends paid (161.9) (121.5) (91.9)
Purchases of Company stock (10.0) (31.1) (53.3)
Proceeds from common stock issued 4.6 19.3 38.0
Excess tax benefits from share-based payments     6.8
Payment of acquisition related contingent consideration (19.3) (4.3) (7.3)
Debt acquisition costs 0.0 (70.8) (1.5)
Net cash provided by (used in) financing activities (1,013.6) 2,917.5 (103.6)
Effect of exchange rate changes on cash and cash equivalents (1.4) (4.1) 0.0
Change in cash held-for-sale 2.8 (31.3) 0.0
Net increase (decrease) in cash and cash equivalents (392.6) 415.3 (2.7)
Cash and cash equivalents at beginning of year 437.6 22.3 25.0
Cash and cash equivalents at end of year 45.0 437.6 22.3
Cash paid (received)      
Interest 171.9 66.3 22.0
Income taxes (11.7) 24.0 73.1
Non-cash transactions      
Broadcast rights financed by contracts payable $ 4.3 $ 18.8 $ 15.4