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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 690,485 $ 565,305
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 142,959 143,663
Amortization 93,584 88,114
Share incentive plan compensation 60,916 53,735
Deferred income taxes 43,530 (25,925)
Foreign currency transaction loss 6,204 25,663
Loss on sale of plant and equipment 513 76
Gain on sale of businesses (42,994) (10,668)
Gain on sale of marketable securities (1,032) (535)
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net (45,442) 21,167
Inventories (91,170) 53,120
Prepaid expenses (1,329) 117,203
Other assets 1,384 (19,246)
Accounts payable, trade 101,143 (93,948)
Accrued payrolls and other compensation (46,755) (69,179)
Accrued domestic and foreign taxes 28,823 (10,759)
Other accrued liabilities (21,686) (25,209)
Pensions and other postretirement benefits (140,154) (75,540)
Other liabilities 10,314 (32,471)
Net cash provided by operating activities 789,293 704,566
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions (net of cash acquired of $157,426 in 2017 and $3,814 in 2016) (4,067,755) (67,552)
Capital expenditures (145,236) (110,804)
Proceeds from sale of plant and equipment 8,452 14,112
Proceeds from sale of businesses 85,610 24,325
Purchases of marketable securities and other investments (451,561) (1,188,594)
Maturities of marketable securities and other investments 1,264,721 974,417
Other (2,590) (40,364)
Net cash used in investing activities (3,308,359) (394,460)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 2,095 89
Payments for common shares (264,343) (464,456)
Proceeds from notes payable, net 447,799 523,336
Proceeds from long-term borrowings 2,614,756 2,287
Payments for long-term borrowings (374,794) (220,068)
Dividends (257,161) (256,890)
Net cash provided by (used in) financing activities 2,168,352 (415,702)
Effect of exchange rate changes on cash (51,376) (40,017)
Net decrease in cash and cash equivalents (402,090) (145,613)
Cash and cash equivalents at beginning of year 1,221,653 1,180,584
Cash and cash equivalents at end of period $ 819,563 $ 1,034,971