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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 375,899 $ 285,535
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 57,793 59,960
Amortization 54,698 56,147
Share incentive plan compensation 42,941 43,211
Deferred income tax expense 31,765 10,223
Foreign currency transaction loss 3,528 3,591
(Gain) on sale of plant and equipment (3,826) (256)
Loss on sale of businesses 3,029 0
(Gain) on marketable securities (3,204) 0
(Gain) loss on investments (2,536) 13,777
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net 78,369 23,432
Inventories (124,995) (142,743)
Prepaid expenses (16,801) (13,053)
Other assets (19,144) (29,487)
Accounts payable, trade (24,347) (9,750)
Accrued payrolls and other compensation (106,992) (109,521)
Accrued domestic and foreign taxes 40,670 17,253
Other accrued liabilities 18,974 11,164
Pensions and other postretirement benefits (187,663) 18,804
Other liabilities (58,770) (287)
Net cash provided by operating activities 159,388 238,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions (net of cash acquired of $690 in 2018) (2,042) 0
Capital expenditures (42,106) (79,336)
Proceeds from sale of plant and equipment 10,969 12,448
Proceeds from sale of businesses 4,515 0
Purchases of marketable securities and other investments (2,844) (70,253)
Maturities of marketable securities and other investments 14,127 12,499
Other 2,318 7,329
Net cash (used in) investing activities (15,063) (117,313)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 496 1,795
Payments for common shares (65,351) (78,710)
Proceeds from notes payable, net 258,540 35,200
Proceeds from long-term borrowings 44 928
Payments for long-term borrowings (100,107) (6,522)
Dividends (100,869) (88,104)
Net cash (used in) financing activities (7,247) (135,413)
Effect of exchange rate changes on cash (7,093) 4,606
Net increase (decrease) in cash and cash equivalents 129,985 (10,120)
Cash and cash equivalents at beginning of year 822,137 884,886
Cash and cash equivalents at end of period $ 952,122 $ 874,766