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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 769,214 $ 543,639
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 135,320 119,741
Amortization 162,940 133,559
Share incentive plan compensation 79,833 73,069
Deferred income taxes (3,034) 8,608
Foreign currency transaction (gain) loss (530) 6,569
Gain on property, plant and equipment (102,565) (4,478)
Gain on marketable securities (6,959) (1,969)
Gain on investments (4,783) (1,849)
Other 7,523 0
Changes in assets and liabilities, net of effects from acquisitions:    
Accounts receivable, net 79,685 379,536
Inventories (4,264) 25,724
Prepaid expenses and other 27,646 (50,153)
Other assets (22,052) (38,747)
Accounts payable, trade 193,901 (178,013)
Accrued payrolls and other compensation (92,010) (117,882)
Accrued domestic and foreign taxes 15,244 (7,699)
Other accrued liabilities 53,236 (76,616)
Pensions and other postretirement benefits 35,365 32,316
Other liabilities 30,278 (19,387)
Net cash provided by operating activities 1,353,988 825,968
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions (net of cash of $82,192 in 2019) 0 (5,075,605)
Capital expenditures (92,907) (118,593)
Proceeds from sale of property, plant and equipment 124,428 20,993
Purchases of marketable securities and other investments (16,029) (190,129)
Maturities and sales of marketable securities and other investments 52,019 198,872
Other 11,183 9,374
Net cash provided by (used in) investing activities 78,694 (5,155,088)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 3,137 1,923
Payments for common shares (60,825) (136,815)
(Payments for) proceeds from notes payable, net (113,500) 931,546
Proceeds from long-term borrowings 0 1,721,181
Payments for long-term borrowings (1,210,848) (236,505)
Dividends paid (227,228) (227,025)
Net cash (used in) provided by financing activities (1,609,264) 2,054,305
Effect of exchange rate changes on cash 55,802 3,403
Net decrease in cash and cash equivalents (120,780) (2,271,412)
Cash and cash equivalents at beginning of year 685,514 3,219,767
Cash and cash equivalents at end of period $ 564,734 $ 948,355