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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 362,916 $ 311,469 $ 296,668
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 50,789 52,515 52,206
Amortization 126,835 123,233 119,599
Change in deferred income taxes 31,872 16,760 24,581
Expense for stock-based compensation 24,780 20,746 16,883
(Gain)/loss on disposal of assets and businesses 400 (1,988) 4,735
Changes in operating assets and liabilities:      
Change in receivables (41,508) (6,112) 10,540
Change in prepaid expenses, deferred costs and other (82,565) (57,059) (25,759)
Change in accounts payable 6,646 (94) (47)
Change in accrued expenses 1,190 7,045 19,720
Change in income taxes 16,704 (10,927) (3,723)
Change in deferred revenues 6,572 6,541 (4,871)
Net cash from operating activities 504,631 462,129 510,532
CASH FLOWS FROM INVESTING ACTIVITIES:      
Payment for acquisitions, net of cash acquired 0 (2,300) (30,376)
Capital expenditures (34,659) (22,988) (53,538)
Proceeds from the sale of assets 45 6,187 11,130
Purchased software (8,491) (6,506) (6,710)
Computer software developed (148,239) (128,343) (117,262)
Proceeds from Investments 0 5,000 0
Purchase of investments (5,000) (13,300) (1,150)
Net cash from investing activities (196,344) (162,250) (197,906)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings on credit facilities 332,000 200,000 55,000
Repayments on credit facilities and financing leases (317,127) (100,114) (55,033)
Purchase of treasury stock (193,916) (431,529) (71,549)
Dividends paid (139,070) (133,800) (127,421)
Proceeds from issuance of common stock upon exercise of stock options 0 1 0
Tax withholding payments related to share based compensation (4,152) (7,721) (3,739)
Proceeds from sale of common stock 11,773 10,931 9,833
Net cash from financing activities (310,492) (462,232) (192,909)
NET CHANGE IN CASH AND CASH EQUIVALENTS (2,205) (162,353) 119,717
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 50,992 213,345 93,628
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 48,787 $ 50,992 $ 213,345