XML 31 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities      
Net income $ 807,216 $ 1,012,553 $ 1,041,418
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 190,308 202,776 214,965
Amortization 116,535 114,715 121,737
Goodwill and Intangible Asset Impairment 0 0 188,870
Stock incentive plan compensation 71,293 96,093 103,161
Deferred income taxes (65,686) 18,865 (74,139)
Foreign currency transaction loss (gain) 22,750 (77,784) 5,398
Loss on disposal of assets 414 14,953 2,997
Gain on Sale of Business (10,666) (6,420) 0
Net gain on deconsolidation 0 0 (412,612)
(Gain) loss on sale of marketable securities (723) 3,817 0
Changes in assets and liabilities, net of effects from acquisitions:      
Accounts receivable 17,549 143,179 (99,144)
Inventories 120,243 (70,377) (3,816)
Prepaid expenses 136,034 (116,561) 58,117
Other assets (5,033) 20,976 (79,158)
Accounts payable, trade (52,378) (86,750) 92,927
Accrued payrolls and other compensation (22,865) (12,657) 20,840
Accrued domestic and foreign taxes (17,430) (66,870) 86,745
Other accrued liabilities (61,424) (46,633) (23,480)
Pensions and other postretirement benefits (45,796) 156,859 99,569
Other liabilities (30,498) 1,207 43,498
Net cash provided by operating activities 1,169,843 1,301,941 1,387,893
Cash Flows From Investing Activities      
Acquisitions (less cash acquired of $3,814 in 2016, $8,322 in 2015 and $1,780 in 2014 (67,552) (18,618) (17,593)
Capital expenditures (149,407) (215,527) (216,340)
Proceeds from disposal of assets 18,821 19,655 14,368
Proceeds from sale of businesses 24,325 37,265 0
Net proceeds from deconsolidation 0 0 202,498
Purchase of marketable securities and other investments (1,351,464) (1,747,333) (624,880)
Maturities and sales of marketable securities and other investments 1,300,633 1,391,396 0
Other (39,995) (46,001) (4,454)
Net cash (used in) investing activities (264,639) (579,163) (646,401)
Cash Flows From Financing Activities      
Proceeds from exercise of stock options 126 3,355 8,013
Payments for common shares (557,575) (1,398,446) (204,043)
Tax benefit from stock incentive plan compensation 11,145 23,429 33,732
(Payments for) proceeds from notes payable, net 303,624 (815,171) (515,387)
Proceeds from long-term borrowings 2,287 1,483,015 748
Payments for long-term borrowings (220,068) (537) (2,934)
Dividends paid (341,962) (340,389) (278,244)
Net cash (used in) financing activities (802,423) (1,044,744) (958,115)
Effect of exchange rate changes on cash (61,712) (111,005) 48,766
Net increase (decrease) in cash and cash equivalents 41,069 (432,971) (167,857)
Cash and cash equivalents at beginning of year 1,180,584 1,613,555 1,781,412
Cash and cash equivalents at end of year 1,221,653 1,180,584 1,613,555
Cash paid during the year for:      
Interest 133,999 105,202 77,144
Income taxes $ 250,155 $ 515,350 $ 472,369