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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,240,947 $ 911,008
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 204,615 187,054
Amortization 244,193 203,895
Share incentive plan compensation 101,907 91,857
Deferred income taxes (12,127) 9,954
Foreign currency transaction gain (8,239) (13,040)
Gain on property, plant and equipment (108,449) (5,194)
(Gain) loss on marketable securities (8,489) 434
Gain on investments (6,008) (1,849)
Other 11,149 14,303
Changes in assets and liabilities, net of effects from acquisitions:    
Accounts receivable, net (238,882) 173,310
Inventories (51,150) (8,019)
Prepaid expenses and other 24,757 21,783
Other assets (22,191) (13,268)
Accounts payable, trade 417,196 (53,875)
Accrued payrolls and other compensation (2,645) (68,091)
Accrued domestic and foreign taxes 4,768 (19,985)
Other accrued liabilities 17,396 (82,896)
Pensions and other postretirement benefits 32,418 36,229
Other liabilities 40,239 (92,751)
Net cash provided by operating activities 1,881,405 1,290,859
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions (net of cash of $82,192 in 2020) 0 (5,076,064)
Capital expenditures (136,064) (182,502)
Proceeds from sale of property, plant and equipment 132,740 25,398
Purchases of marketable securities and other investments (30,608) (191,277)
Maturities and sales of marketable securities and other investments 71,225 249,306
Other 14,120 129,938
Net cash provided by (used in) investing activities 51,413 (5,045,201)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 4,012 2,459
Payments for common shares (129,531) (194,633)
(Payments for) proceeds from notes payable, net (539,500) 362,346
Proceeds from long-term borrowings 2,016 1,721,211
Payments for long-term borrowings (1,211,334) (278,347)
Dividends paid (341,333) (340,291)
Net cash (used in) provided by financing activities (2,215,670) 1,272,745
Effect of exchange rate changes on cash 86,938 (40,553)
Net decrease in cash and cash equivalents (195,914) (2,522,150)
Cash and cash equivalents at beginning of year 685,514 3,219,767
Cash and cash equivalents at end of period $ 489,600 $ 697,617