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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net earnings (loss) $ 269.9 $ (240.5)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities    
Depreciation 55.2 59.0
Amortization 79.2 111.6
Non-cash lease expense 26.6 29.3
Share-based compensation 15.4 11.9
Deferred income taxes 2.7 (52.7)
Amortization of original issue discount and debt issuance costs 9.5 5.1
Amortization of broadcast rights 12.2 14.3
Gain on sale of assets, net (100.1) (18.0)
Loss on extinguishment of debt 11.9 0.0
Write-down of impaired assets 0.0 405.3
Changes in assets and liabilities, net of acquisitions (44.7) (142.3)
Net cash provided by operating activities 337.8 183.0
Cash flows from investing activities    
Acquisitions of and investments in businesses and assets, net of cash acquired 0.0 (23.1)
Net proceeds from disposition of assets, net of cash sold 44.6 79.2
Additions to property, plant, and equipment (25.6) (45.6)
Other 4.1 0.0
Net cash provided by investing activities 23.1 10.5
Cash flows from financing activities    
Proceeds from issuance of long-term debt 0.0 375.0
Repayments of long-term debt (261.7) (375.0)
Dividends paid 0.0 (125.5)
Purchases of Company stock (1.3) (4.7)
Proceeds from common stock issued 1.5 1.5
Payment of acquisition-related contingent consideration (1.0) 0.0
Financing lease payments (0.7) (0.8)
Net cash used in financing activities (263.2) (129.5)
Effect of exchange rate changes on cash and cash equivalents 0.6 (0.5)
Change in cash in assets held-for-sale 0.0 (5.1)
Net increase in cash and cash equivalents 98.3 58.4
Cash and cash equivalents at beginning of period 132.4 45.0
Cash and cash equivalents at end of period $ 230.7 $ 103.4