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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 106,549 $ 102,114
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 12,416 13,157
Amortization 33,194 31,016
Change in deferred income taxes (12,345) 6,088
Expense for stock-based compensation 6,998 6,071
(Gain) Loss on Disposal of Assets (6,124) 166
Changes in operating assets and liabilities:    
Change in receivables 101,509 53,404
Change in prepaid expenses, deferred costs and other (34,740) (20,345)
Change in accounts payable (2,168) 2,859
Change in accrued expenses (45,265) (37,231)
Change in income taxes 41,937 9,912
Change in deferred revenues (65,130) (60,662)
Net cash from operating activities 136,831 106,549
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired (228,986) 0
Capital expenditures (7,737) (9,273)
Proceeds from dispositions 26,252 14
Purchased Software (408) (1,221)
Computer software developed (38,715) (35,971)
Net cash from investing activities (249,594) (46,451)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 280,000 0
Repayments on financing leases (150,022) (35,027)
Dividends paid (35,709) (34,036)
Tax withholding payments related to share based compensation (1,556) (953)
Proceeds from sale of common stock 3,233 3,177
Net cash from financing activities 95,946 (66,839)
NET CHANGE IN CASH AND CASH EQUIVALENTS (16,817) (6,741)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 48,787 50,992
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 31,970 $ 44,251