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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 151,640 $ 228,113
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 22,470 24,602
Amortization 56,146 48,711
Change in deferred income taxes 1,256 (87,040)
Expense for stock-based compensation 5,146 4,609
(Gain)/ loss on disposal of assets and businesses 22 1,841
Changes in operating assets and liabilities:    
Change in receivables 113,563 143,914
Change in prepaid expenses, deferred costs and other (45,768) (57,214)
Change in accounts payable (14,685) 5,371
Change in accrued expenses 4,658 (13,236)
Change in income taxes 12,654 1,829
Change in deferred revenues (115,014) (120,910)
Net cash from operating activities 192,044 176,908
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired (19,981) (137,654)
Capital expenditures (32,968) (12,249)
Proceeds from the sale of businesses 0 350
Proceeds from sale of assets 76 205
Internal use software (2,694) (6,025)
Computer software developed (54,086) (46,936)
Net cash from investing activities (109,653) (202,309)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 0 100,000
Repayments on credit facilities 0 (50,000)
Purchase of treasury stock (21,276) (30,018)
Dividends paid (57,104) (47,844)
Proceeds from issuance of common stock upon exercise of stock options 1 1
Tax withholding payments related to share based compensation (13,485) (7,144)
Proceeds from sale of common stock, net 4,189 3,360
Net cash from financing activities (87,675) (31,645)
NET CHANGE IN CASH AND CASH EQUIVALENTS (5,284) (57,046)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 31,440 114,765
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 26,156 $ 57,719