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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 341,857 $ 451,638
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 120,335 92,634
Amortization 113,881 56,451
Share incentive plan compensation 64,267 47,161
Deferred income taxes (74,101) 70,976
Foreign currency transaction loss (gain) 12,620 (853)
(Gain) loss on sale of plant and equipment (26,529) 310
(Gain) on sale of businesses 0 (44,930)
(Gain) on sale of marketable securities (1) (230)
Loss on sale and impairment of investments 33,759 0
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net 49,986 160,500
Inventories (207,334) (97,440)
Prepaid expenses (81,168) (31,038)
Other assets (42,147) (1,625)
Accounts payable, trade (92,267) (18,258)
Accrued payrolls and other compensation (111,687) (104,710)
Accrued domestic and foreign taxes 5,796 1,003
Other accrued liabilities 59,003 (4,705)
Pensions and other postretirement benefits 25,379 (176,993)
Other liabilities 268,688 4,285
Net cash provided by operating activities 460,337 404,176
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions (net of cash acquired of $1,760 in 2016) 0 (29,927)
Capital expenditures (144,781) (71,356)
Proceeds from sale of plant and equipment 59,848 4,991
Proceeds from sale of businesses 0 85,610
Purchases of marketable securities and other investments (78,309) (393,909)
Maturities of marketable securities and other investments 12,710 506,642
Other 5,143 241
Net cash (used in) provided by investing activities (145,389) 102,292
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 2,076 1,890
Payments for common shares (136,436) (196,000)
Proceeds from notes payable, net 138,900 226,499
Proceeds from long-term borrowings 1,718 0
Payments for long-term borrowings (12,895) (4,074)
Dividends (176,187) (168,990)
Net cash (used in) financing activities (182,824) (140,675)
Effect of exchange rate changes on cash 7,760 (66,710)
Net increase in cash and cash equivalents 139,884 299,083
Cash and cash equivalents at beginning of year 884,886 1,221,653
Cash and cash equivalents at end of period $ 1,024,770 $ 1,520,736