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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities      
Net Earnings (Loss) $ (67,029) $ 107,517 $ 88,002
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 156,690 75,745 66,202
Amortization 64,192 16,620 14,568
Share-based compensation expense 68,480 21,946 15,312
Amortization of discount on convertible debt and debt issuance costs 22,150 12,550 10,057
Debt extinguishment expense 3,960 0 0
Gains on disposals of property, plant and equipment (1,461) 0 0
Losses on foreign currency remeasurements and transactions 14,442 3,155 850
Earnings from equity investments (2,775) (3,214) (3,594)
Deferred income taxes (42,454) (10,462) 945
Impairment of investment 4,980 0 0
Increase (decrease) in cash from changes in (net of effects of acquisitions):      
Accounts receivable (91,981) (50,764) (21,044)
Inventories 112,572 (36,392) (38,732)
Accounts payable 45,026 15,999 17,436
Income taxes 40,061 366 7,380
Other operating net assets (29,561) 25,409 3,632
Net cash provided by operating activities 297,292 178,475 161,014
Cash Flows from Investing Activities      
Additions to property, plant & equipment (136,877) (137,122) (153,438)
Purchases of businesses, net of cash acquired (1,036,609) (83,067) (80,503)
Purchases of technology intangible assets (3,750) 0 0
Purchase of equity investments and other investing activities (2,054) (3,787) (51,009)
Net cash used in investing activities (1,179,290) (223,976) (284,950)
Cash Flows from Financing Activities      
Proceeds from issuance of 0.25% convertible senior notes due 2022 0 0 345,000
Payment of Finisar Notes (560,112) 0 0
Payments on borrowings under Term Loan, Credit Facilities and Other Loans (176,618) (135,000) (292,000)
Payments on borrowings under Credit Facility (86,000) 0 0
Debt issuance costs (63,510) (5,589) (10,061)
Proceeds from exercises of stock options 13,467 8,698 10,469
Common stock repurchases (1,625) (1,616) (49,875)
Payments in satisfaction of employees' minimum tax obligations (28,700) (7,092) (6,564)
Other financing activities (2,339) (4,524) 0
Net cash provided by financing activities 1,173,625 4,877 96,969
Effect of exchange rate changes on cash and cash equivalents (3,453) (1,542) 2,117
Net increase (decrease) in cash and cash equivalents 288,174 (42,166) (24,850)
Cash and Cash Equivalents at Beginning of Period 204,872 247,038 271,888
Cash and Cash Equivalents at End of Period 493,046 204,872 247,038
Cash paid for interest 62,190 8,680 6,555
Non cash transactions:      
Purchases of business - earnout consideration recorded in accrued liabilities 900 4,397 0
Additions to property, plant & equipment included in accounts payable 21,801 10,986 12,313
Revolving Credit Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings under Credit Facility 160,000 0 0
Prior Credit Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings under Credit Facility 10,000 150,000 100,000
Term A Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings of Term Facility 1,241,000 0 0
Payments on borrowings under Term Loan, Credit Facilities and Other Loans (46,538) 0 0
Term B Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings of Term Facility 720,000 0 0
Payments on borrowings under Term Loan, Credit Facilities and Other Loans $ (5,400) $ 0 $ 0