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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities      
Net Income $ 1,206,703 $ 1,512,931 $ 1,061,315
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 252,899 225,675 237,806
Amortization 284,632 210,514 228,279
Stock incentive plan compensation 111,375 104,078 118,831
Deferred income taxes 13,692 32,537 (41,412)
Foreign currency transaction (gain) loss (10,018) 5,888 7,284
(Gain) loss on sale of plant and equipment (1,850) 5,091 (24,422)
Loss on sale of businesses 0 5,854 19,666
(Gain) loss on sale and impairment of investments (2,084) (16,749) 41,219
(Gain) loss on sale of marketable securities (587) 7,563 (2)
Other 17,984 0 0
Changes in assets and liabilities, net of effects from acquisitions:      
Accounts receivable 578,853 2,452 (301,978)
Inventories 201,164 (51,817) (92,209)
Prepaid expenses (9,312) (33,335) (16,206)
Other assets (23,547) 2,677 (16,880)
Accounts payable, trade (370,765) (12,397) 125,907
Accrued payrolls and other compensation (62,715) 2,088 (4,614)
Accrued domestic and foreign taxes 30,918 (30,593) 44,019
Other accrued liabilities (148,531) 16,698 (5,567)
Pensions and other postretirement benefits 55,522 (168,368) 31,239
Other liabilities (53,384) (90,647) 184,425
Net cash provided by operating activities 2,070,949 1,730,140 1,596,700
Cash Flows From Investing Activities      
Acquisitions (net of cash acquired of $82,192 in 2020 and $690 in 2019) (5,076,064) (2,042) 0
Capital expenditures (232,591) (195,089) (247,667)
Proceeds from sale of plant and equipment 26,345 46,592 81,881
Proceeds from sale of businesses 0 19,678 177,741
Purchase of marketable securities and other investments (194,742) (181,780) (80,607)
Maturities and sales of marketable securities and other investments 275,483 74,908 83,905
Other 177,576 19,223 8,424
Net cash (used in) provided by investing activities (5,023,993) (218,510) 23,677
Cash Flows From Financing Activities      
Proceeds from exercise of stock options 2,623 2,475 3,682
Payments for common shares (216,049) (860,052) (381,041)
Acquisition of noncontrolling interests (1,200) 0 0
Proceeds from notes payable, net 136,744 48,828 4,115
Proceeds from long-term borrowings 1,721,211 2,336,749 1,189
Payments for long-term borrowings (740,181) (213,226) (944,629)
Dividends paid (453,838) (412,468) (365,288)
Net cash provided by (used in) financing activities 449,310 902,306 (1,681,972)
Effect of exchange rate changes on cash (30,519) (16,306) (1,154)
Net (decrease) increase in cash and cash equivalents (2,534,253) 2,397,630 (62,749)
Cash and cash equivalents at beginning of year 3,219,767 822,137 884,886
Cash and cash equivalents at end of year 685,514 3,219,767 822,137
Cash paid during the year for:      
Interest 308,199 169,378 200,860
Income taxes $ 307,959 $ 454,699 $ 408,765