XML 25 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 687,812 $ 341,857
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 115,000 120,335
Amortization 107,543 113,881
Share incentive plan compensation 64,615 64,267
Deferred income tax expense 47,401 (74,101)
Foreign currency transaction loss 2,526 12,620
Loss (gain) on plant and equipment and intangible assets 3,428 (26,529)
Loss on sale of businesses 623 0
Loss (gain) on marketable securities 5,701 (1)
(Gain) loss on investments (3,213) 33,759
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net 185,638 49,986
Inventories (176,094) (207,334)
Prepaid expenses (40,555) (81,168)
Other assets 14,214 (45,710)
Accounts payable, trade (120,253) (92,267)
Accrued payrolls and other compensation (104,726) (111,687)
Accrued domestic and foreign taxes (14,758) 5,796
Other accrued liabilities 18,960 59,003
Pensions and other postretirement benefits (173,040) 25,379
Other liabilities (79,782) 268,688
Net cash provided by operating activities 541,040 456,774
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions (net of cash acquired of $690 in 2018) (2,042) 0
Capital expenditures (94,426) (144,781)
Proceeds from sale of plant and equipment 34,121 59,848
Proceeds from sale of businesses 19,540 0
Purchases of marketable securities and other investments (2,845) (78,309)
Maturities and sales of marketable securities and other investments 14,432 12,710
Other (90) 8,706
Net cash (used in) investing activities (31,310) (141,826)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 635 2,076
Payments for common shares (565,970) (136,436)
Proceeds from notes payable, net 606,019 138,900
Proceeds from long-term borrowings 1 1,718
Payments for long-term borrowings (100,209) (12,895)
Dividends (200,459) (176,187)
Net cash (used in) financing activities (259,983) (182,824)
Effect of exchange rate changes on cash (24,499) 7,760
Net increase in cash and cash equivalents 225,248 139,884
Cash and cash equivalents at beginning of year 822,137 884,886
Cash and cash equivalents at end of period $ 1,047,385 $ 1,024,770