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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities      
Net Earnings (Loss) $ 297,552 $ (67,029) $ 107,517
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation 187,803 156,690 75,745
Amortization 82,266 64,192 16,620
Share-based compensation expense 70,953 68,480 21,946
Amortization of discount on convertible debt and debt issuance costs 20,732 22,150 12,550
Debt extinguishment expense 24,747 3,960 0
Losses (gains) on disposals of property, plant and equipment 2,537 (1,461) 0
Losses on foreign currency remeasurements and transactions 5,545 14,442 3,155
Earnings from equity investments (14,246) (2,775) (3,214)
Deferred income taxes (371) (42,454) (10,462)
Impairment of investment 0 4,980 0
Increase (decrease) in cash from changes in (net of effects of acquisitions):      
Accounts receivable (51,697) (91,981) (50,764)
Inventories (44,645) 112,572 (36,392)
Accounts payable 2,266 45,026 15,999
Income taxes (18,086) 40,061 366
Accrued compensation and benefits 23,934 0 0
Other operating net assets (liabilities) (14,937) (29,561) 25,409
Net cash provided by operating activities 574,353 297,292 178,475
Cash Flows from Investing Activities      
Additions to property, plant & equipment (146,337) (136,877) (137,122)
Purchases of businesses, net of cash acquired (34,394) (1,036,609) (83,067)
Other investing activities 7,774 (5,804) (3,787)
Net cash used in investing activities (172,957) (1,179,290) (223,976)
Cash Flows from Financing Activities      
Proceeds from issuance of common shares 460,000 0 0
Payment of Finisar Notes 0 (560,112) 0
Payments on borrowings under Term Loan, Credit Facilities and Other Loans 0 (176,618) (135,000)
Payments on borrowings under Revolving Credit Facility (74,000) (86,000) 0
Debt issuance costs 0 (63,510) (5,589)
Equity issuance costs (58,596) 0 0
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan 32,360 13,467 8,698
Common stock repurchases 0 (1,625) (1,616)
Payments in satisfaction of employees' minimum tax obligations (19,701) (28,700) (7,092)
Payment of dividends (20,319) 0 0
Other financing activities (2,367) (2,339) (4,524)
Net cash provided by financing activities 675,727 1,173,625 4,877
Effect of exchange rate changes on cash and cash equivalents 21,723 (3,453) (1,542)
Net increase (decrease) in cash and cash equivalents 1,098,846 288,174 (42,166)
Cash and Cash Equivalents at Beginning of Period 493,046 204,872 247,038
Cash and Cash Equivalents at End of Period 1,591,892 493,046 204,872
Non cash transactions:      
Additions to property, plant & equipment included in accounts payable 32,028 21,801 10,986
Revolving Credit Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings under Credit Facility 0 160,000 0
Prior Credit Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings under Credit Facility 0 10,000 150,000
Term A Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings of Term Facility 0 1,241,000 0
Payments on borrowings under Term Loan, Credit Facilities and Other Loans (137,050) (46,538) 0
Term B Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings of Term Facility 0 720,000 0
Payments on borrowings under Term Loan, Credit Facilities and Other Loans (714,600) (5,400) 0
Series A Preferred Stock      
Cash Flows from Financing Activities      
Proceeds from issuance of preferred shares 460,000 0 0
Series B Preferred Stock      
Cash Flows from Financing Activities      
Proceeds from issuance of preferred shares $ 750,000 $ 0 $ 0