XML 18 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 217,036 $ 193,644
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 22,731 23,765
Amortization 79,517 75,366
Change in deferred income taxes (8,745) (16,532)
Expense for stock-based compensation 15,539 15,480
(Gain)/loss on disposal of assets (4) 213
Changes in operating assets and liabilities:    
Change in receivables 49,811 90,702
Change in prepaid expenses, deferred costs and other (34,384) (52,969)
Change in accounts payable (5,583) 277
Change in accrued expenses (19,450) 15,463
Change in income taxes 9,538 23,792
Change in deferred revenues (119,463) (130,529)
Net cash from operating activities 206,543 238,672
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (29,469) (24,458)
Proceeds from dispositions 0 878
Purchased software (3,528) (2,971)
Computer software developed (85,803) (83,408)
Proceeds from investments 1,000 0
Purchase of investments (2,000) (1,000)
Net cash from investing activities (119,800) (110,959)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 165,000 220,000
Repayments on credit facilities (165,000) (240,000)
Purchase of treasury stock (17,050) (20,000)
Dividends paid (80,193) (75,722)
Proceeds from issuance of common stock upon exercise of stock options 2 0
Tax withholding payments related to share-based compensation (7,342) (3,561)
Proceeds from sale of common stock 5,209 6,036
Net cash from financing activities (99,374) (113,247)
NET CHANGE IN CASH AND CASH EQUIVALENTS (12,631) 14,466
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 38,284 12,243
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 25,653 $ 26,709