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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 339,041 $ 375,899
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 54,856 57,793
Amortization 54,215 54,698
Share incentive plan compensation 52,633 42,941
Deferred income taxes (15,548) 31,765
Foreign currency transaction (gain) loss (1,232) 3,528
Gain on plant and equipment and intangible assets (10,269) (3,826)
Loss on sale of businesses 0 3,029
Loss (gain) on marketable securities 201 (3,204)
Gain on investments (498) (2,536)
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net 213,203 78,369
Inventories (24,108) (124,995)
Prepaid expenses and other 15,617 (16,801)
Other assets (10,902) (19,144)
Accounts payable, trade (135,569) (24,347)
Accrued payrolls and other compensation (118,326) (106,992)
Accrued domestic and foreign taxes 23,233 40,670
Other accrued liabilities 19,939 18,974
Pensions and other postretirement benefits 9,738 (187,663)
Other liabilities (17,093) (58,770)
Net cash provided by operating activities 449,131 159,388
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions (net of cash of $8,179 in 2019 and $690 in 2018) (1,696,456) (2,042)
Capital expenditures (50,345) (42,106)
Proceeds from sale of plant and equipment 19,284 10,969
Proceeds from sale of businesses 0 4,515
Purchases of marketable securities and other investments (159,984) (2,844)
Maturities and sales of marketable securities and other investments 26,477 14,127
Other 8,070 2,318
Net cash used in investing activities (1,852,954) (15,063)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 912 496
Payments for common shares (72,897) (65,351)
Proceeds from notes payable, net 1,104,246 258,540
Proceeds from long-term borrowings 922,934 44
Payments for long-term borrowings (3,466) (100,107)
Dividends paid (113,352) (100,869)
Net cash provided by (used in) financing activities 1,838,377 (7,247)
Effect of exchange rate changes on cash (26,928) (7,093)
Net increase in cash and cash equivalents 407,626 129,985
Cash and cash equivalents at beginning of year 3,219,767 822,137
Cash and cash equivalents at end of period $ 3,627,393 $ 952,122