XML 85 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 543,639 $ 687,812
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 119,741 115,000
Amortization 133,559 107,543
Share incentive plan compensation 73,069 64,615
Deferred income taxes 8,608 47,401
Foreign currency transaction loss 6,569 2,526
(Gain) loss on plant and equipment and intangible assets (4,478) 3,428
Loss on sale of businesses 0 623
(Gain) loss on marketable securities (1,969) 5,701
Gain on investments (1,849) (3,213)
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net 379,536 185,638
Inventories 25,724 (176,094)
Prepaid expenses and other (50,153) (40,555)
Other assets (38,747) 14,214
Accounts payable, trade (178,013) (120,253)
Accrued payrolls and other compensation (117,882) (104,726)
Accrued domestic and foreign taxes (7,699) (14,758)
Other accrued liabilities (76,616) 18,960
Pensions and other postretirement benefits 32,316 (173,040)
Other liabilities (19,387) (79,782)
Net cash provided by operating activities 825,968 541,040
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions (net of cash of $82,192 in 2019 and $690 in 2018) (5,075,605) (2,042)
Capital expenditures (118,593) (94,426)
Proceeds from sale of plant and equipment 20,993 34,121
Proceeds from sale of businesses 0 19,540
Purchases of marketable securities and other investments (190,129) (2,845)
Maturities and sales of marketable securities and other investments 198,872 14,432
Other 9,374 (90)
Net cash used in investing activities (5,155,088) (31,310)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 1,923 635
Payments for common shares (136,815) (565,970)
Proceeds from notes payable, net 931,546 606,019
Proceeds from long-term borrowings 1,721,181 1
Payments for long-term borrowings (236,505) (100,209)
Dividends paid (227,025) (200,459)
Net cash provided by (used in) financing activities 2,054,305 (259,983)
Effect of exchange rate changes on cash 3,403 (24,499)
Net (decrease) increase in cash and cash equivalents (2,271,412) 225,248
Cash and cash equivalents at beginning of year 3,219,767 822,137
Cash and cash equivalents at end of period $ 948,355 $ 1,047,385