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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 197,783 $ 163,198
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 25,843 26,652
Amortization 62,610 61,164
Change in deferred income taxes 11,573 8,651
Expense for stock-based compensation 13,027 9,752
(Gain) Loss on disposal of assets 240 (2,019)
Changes in operating assets and liabilities:    
Change in receivables 70,468 87,518
Change in prepaid expenses, deferred costs and other (39,991) (26,109)
Change in accounts payable 2,995 16
Change in accrued expenses (35,814) (22,627)
Change in income taxes 8,439 13,922
Change in deferred revenues (119,822) (126,134)
Net cash from operating activities 197,351 193,984
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (22,373) (9,543)
Proceeds from dispositions 38 6,157
Purchased software (7,364) (4,254)
Computer software developed (71,353) (62,804)
Purchase of investments 0 (12,100)
Net cash from investing activities (101,052) (82,544)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 220,000 0
Repayments on credit facilities and financing leases (80,065) (57)
Purchase of treasury stock (193,917) (109,899)
Dividends paid (67,696) (65,516)
Tax withholding payments related to share based compensation (1,998) (6,689)
Proceeds from sale of common stock 5,505 5,138
Net cash from financing activities (118,171) (177,023)
NET CHANGE IN CASH AND CASH EQUIVALENTS (21,872) (65,583)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 50,992 213,345
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 29,120 $ 147,762