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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 911,008 $ 1,099,193
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 187,054 170,631
Amortization 203,895 160,170
Share incentive plan compensation 91,857 84,525
Deferred income taxes 9,954 33,279
Foreign currency transaction (gain) loss (13,040) 5,054
(Gain) loss on plant and equipment and intangible assets (5,194) 3,993
Loss on sale of businesses 0 623
Loss on marketable securities 434 4,487
Gain on investments (1,849) (4,175)
Other 14,303 0
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net 173,310 8,144
Inventories (8,019) (132,137)
Prepaid expenses and other 21,783 (29,990)
Other assets (13,268) (12,579)
Accounts payable, trade (53,875) (949)
Accrued payrolls and other compensation (68,091) (41,163)
Accrued domestic and foreign taxes (19,985) (10,911)
Other accrued liabilities (82,896) 7,235
Pensions and other postretirement benefits 36,229 (180,893)
Other liabilities (92,751) (71,940)
Net cash provided by operating activities 1,290,859 1,092,597
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions (net of cash of $82,192 in 2020 and $690 in 2019) (5,076,064) (2,042)
Capital expenditures (182,502) (145,071)
Proceeds from sale of plant and equipment 25,398 37,158
Proceeds from sale of businesses 0 19,540
Purchases of marketable securities and other investments (191,277) (51,736)
Maturities and sales of marketable securities and other investments 249,306 25,103
Other 129,938 953
Net cash used in investing activities (5,045,201) (116,095)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 2,459 1,089
Payments for common shares (194,633) (770,909)
Proceeds from notes payable, net 362,346 478,952
Proceeds from long-term borrowings 1,721,211 1
Payments for long-term borrowings (278,347) (100,311)
Dividends paid (340,291) (299,006)
Net cash provided by (used in) financing activities 1,272,745 (690,184)
Effect of exchange rate changes on cash (40,553) (9,726)
Net (decrease) increase in cash and cash equivalents (2,522,150) 276,592
Cash and cash equivalents at beginning of year 3,219,767 822,137
Cash and cash equivalents at end of period $ 697,617 $ 1,098,729