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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 280,743 $ 268,873
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 34,943 36,740
Amortization 114,270 105,609
Change in deferred income taxes (15,325) (36,370)
Expense for stock-based compensation 22,404 21,459
(Gain)/loss on disposal of assets 273 (7,234)
Changes in operating assets and liabilities:    
Change in receivables 97,835 110,686
Change in prepaid expenses, deferred costs and other (60,520) (68,885)
Change in accounts payable (3,800) (5,654)
Change in accrued expenses 20,265 (48,319)
Change in income taxes 30,938 14,256
Change in deferred revenues (185,784) (184,130)
Net cash from operating activities 336,242 207,031
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired 0 (229,628)
Capital expenditures (34,347) (27,237)
Proceeds from dispositions 900 27,885
Purchased software (4,561) (1,471)
Computer software developed (125,351) (124,110)
Purchase of investments (1,146) (1,000)
Net cash from investing activities (164,505) (355,561)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 335,000 550,000
Repayments on credit facilities and financing leases (360,000) (290,059)
Purchase of treasury stock (20,000) (25,000)
Dividends paid (115,792) (109,346)
Tax withholding payments related to share-based compensation (5,343) (8,306)
Proceeds from sale of common stock 9,409 9,006
Net cash from financing activities (156,726) 126,295
NET CHANGE IN CASH AND CASH EQUIVALENTS 15,011 (22,235)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 12,243 48,787
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 27,254 $ 26,552