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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,099,193 $ 707,987
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 170,631 179,412
Amortization 160,170 171,904
Share incentive plan compensation 84,525 89,571
Deferred income tax expense (benefit) 33,279 (89,032)
Foreign currency transaction loss 5,054 16,544
Loss (gain) on plant and equipment and intangible assets 3,993 (26,767)
Loss on sale of businesses 623 0
Loss (gain) on marketable securities 4,487 (1)
(Gain) loss on investments (4,175) 33,759
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net 8,144 (225,447)
Inventories (132,137) (144,669)
Prepaid expenses (29,990) (43,202)
Other assets (12,579) (24,879)
Accounts payable, trade (949) 40,688
Accrued payrolls and other compensation (41,163) (50,761)
Accrued domestic and foreign taxes (10,911) 19,928
Other accrued liabilities 7,235 (10,594)
Pensions and other postretirement benefits (180,893) 41,097
Other liabilities (71,940) 215,700
Net cash provided by operating activities 1,092,597 901,238
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions (net of cash acquired of $690 in 2019) (2,042) 0
Capital expenditures (145,071) (194,307)
Proceeds from sale of plant and equipment 37,158 64,203
Proceeds from sale of businesses 19,540 0
Purchases of marketable securities and other investments (51,736) (78,488)
Maturities and sales of marketable securities and other investments 25,103 20,260
Other 953 8,937
Net cash (used in) investing activities (116,095) (179,395)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 1,089 3,624
Payments for common shares (770,909) (202,985)
Proceeds from notes payable, net 478,952  
Payments for notes payable, net   (53,923)
Proceeds from long-term borrowings 1 1,602
Payments for long-term borrowings (100,311) (19,514)
Dividends (299,006) (264,332)
Net cash (used in) financing activities (690,184) (535,528)
Effect of exchange rate changes on cash (9,726) 18,328
Net increase in cash and cash equivalents 276,592 204,643
Cash and cash equivalents at beginning of year 822,137 884,886
Cash and cash equivalents at end of period $ 1,098,729 $ 1,089,529