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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 366,646 $ 362,916 $ 311,469
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 48,720 50,789 52,515
Amortization 142,006 126,835 123,233
Change in deferred income taxes (48,199) 31,872 16,760
Expense for stock-based compensation 28,611 24,780 20,746
(Gain)/loss on disposal of assets and businesses (4,517) 400 (1,988)
Changes in operating assets and liabilities:      
Change in receivables (12,067) (41,508) (6,112)
Change in prepaid expenses, deferred costs and other (112,316) (82,565) (57,059)
Change in accounts payable (6,277) 6,646 (94)
Change in accrued expenses (20,453) 1,190 7,045
Change in income taxes 9,952 16,704 (10,927)
Change in deferred revenues (10,547) 6,572 6,541
Net cash from operating activities 381,559 504,631 462,129
CASH FLOWS FROM INVESTING ACTIVITIES:      
Payment for acquisitions, net of cash acquired (229,628) 0 (2,300)
Capital expenditures (39,179) (34,659) (22,988)
Proceeds from the sale of assets 27,939 45 6,187
Purchased software (1,685) (8,491) (6,506)
Computer software developed (166,120) (148,239) (128,343)
Proceeds from Investments 0 0 5,000
Purchase of investments (1,000) (5,000) (13,300)
Net cash from investing activities (409,673) (196,344) (162,250)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings on credit facilities 810,000 332,000 200,000
Repayments on credit facilities and financing leases (650,060) (317,127) (100,114)
Purchase of treasury stock (25,000) (193,916) (431,529)
Dividends paid (147,237) (139,070) (133,800)
Proceeds from issuance of common stock upon exercise of stock options 1 0 1
Tax withholding payments related to share based compensation (8,505) (4,152) (7,721)
Proceeds from sale of common stock 12,371 11,773 10,931
Net cash from financing activities (8,430) (310,492) (462,232)
NET CHANGE IN CASH AND CASH EQUIVALENTS (36,544) (2,205) (162,353)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 48,787 50,992 213,345
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 12,243 $ 48,787 $ 50,992