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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 119,191 $ 101,679
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 11,273 12,052
Amortization 39,221 37,183
Change in deferred income taxes (4,087) (10,178)
Expense for stock-based compensation 6,705 7,148
(Gain)/loss on disposal of assets (27) (111)
Changes in operating assets and liabilities:    
Change in receivables 26,373 72,519
Change in prepaid expenses, deferred costs and other (18,788) (17,356)
Change in accounts payable (9,116) (1,234)
Change in accrued expenses (23,067) (17,285)
Change in income taxes 38,576 39,044
Change in deferred revenues (69,358) (66,322)
Net cash from operating activities 116,896 157,139
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (12,801) (7,612)
Proceeds from dispositions 0 852
Purchased software (2,676) (2,280)
Computer software developed (42,259) (41,486)
Proceeds from investments 1,000 0
Purchase of investments (2,000) 0
Net cash from investing activities (58,736) (50,526)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 75,000 135,000
Repayments on credit facilities (85,000) (165,000)
Purchase of treasury stock 0 (20,000)
Dividends paid (40,104) (37,863)
Proceeds from issuance of common stock upon exercise of stock options 1 0
Tax withholding payments related to share-based compensation (6,169) (2,944)
Proceeds from sale of common stock 3,040 3,418
Net cash from financing activities (53,232) (87,389)
NET CHANGE IN CASH AND CASH EQUIVALENTS 4,928 19,224
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 38,284 12,243
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 43,212 $ 31,467