XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 210,892 $ 297,199
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 34,722 36,470
Amortization 84,605 75,787
Change in deferred income taxes 3,287 (86,593)
Expense for stock-based compensation 8,651 7,834
(Gain)/ loss on disposal of assets and businesses (183) 1,673
Changes in operating assets and liabilities:    
Change in receivables 107,535 141,799
Change in prepaid expenses, deferred costs and other (55,639) (60,248)
Change in accounts payable (10,254) (432)
Change in accrued expenses 7,115 (4,172)
Change in income taxes 5,014 12,187
Change in deferred revenues (162,742) (183,286)
Net cash from operating activities 233,369 234,872
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired (19,981) (137,654)
Capital expenditures (42,417) (17,858)
Proceeds from the sale of businesses 0 350
Proceeds from sale of assets 95 258
Customer contracts acquired 20 0
Internal use software (4,266) (6,965)
Computer software developed (81,438) (72,186)
Purchase of investments 0 5,000
Net cash from investing activities (148,027) (239,055)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 35,000 125,000
Repayments on credit facilities 0 (70,000)
Purchase of treasury stock (21,276) (30,018)
Dividends paid (87,970) (76,429)
Proceeds from issuance of common stock upon exercise of stock options 1 176
Tax withholding payments related to share based compensation (13,798) (7,279)
Proceeds from sale of common stock 6,659 5,370
Net cash from financing activities (81,384) (53,180)
NET CHANGE IN CASH AND CASH EQUIVALENTS 3,958 (57,363)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 31,440 114,765
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 35,398 $ 57,402