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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 268,873 $ 282,490
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 36,740 38,339
Amortization 105,609 94,563
Change in deferred income taxes (36,370) 15,681
Expense for stock-based compensation 21,459 19,303
(Gain)/loss on disposal of assets (7,234) 301
Changes in operating assets and liabilities:    
Change in receivables 110,686 83,868
Change in prepaid expenses, deferred costs and other (68,885) (51,255)
Change in accounts payable (5,654) 2,609
Change in accrued expenses (48,319) (33,400)
Change in income taxes 14,256 26,885
Change in deferred revenues (184,130) (177,987)
Net cash from operating activities 207,031 301,397
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired (229,628) 0
Capital expenditures (27,237) (28,386)
Proceeds from dispositions 27,885 38
Purchased Software (1,471) (7,726)
Computer software developed (124,110) (108,950)
Purchase of investments (1,000) 0
Net cash from investing activities (355,561) (145,024)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 550,000 292,000
Repayments on credit facilities and financing leases (290,059) (167,091)
Purchase of treasury stock (25,000) (193,916)
Dividends paid (109,346) (103,376)
Tax withholding payments related to share-based compensation (8,306) (3,709)
Proceeds from sale of common stock 9,006 8,524
Net cash from financing activities 126,295 (167,568)
NET CHANGE IN CASH AND CASH EQUIVALENTS (22,235) (11,195)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 48,787 50,992
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 26,552 $ 39,797