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Statements Of Consolidated Cash Flows
$ in Millions
12 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Cash Flows from Operating Activities:      
NET EARNINGS $ 1,492.5 $ 1,452.5 $ 1,515.9
Adjustments to reconcile net earnings to cash flows provided by operating activities:      
Depreciation and amortization 288.6 277.9 266.6
Deferred income taxes 0.7 (15.3) (37.9)
Stock-based compensation expense 137.6 143.2 117.1
Excess tax benefit related to exercise of stock options and restricted stock (37.4) (68.4) (49.9)
Net pension expense 17.7 17.6 24.3
Net realized loss / (gain) from the sales of marketable securities 5.0 (4.9) (16.5)
Net amortization of premiums and accretion of discounts on available-for-sale securities 94.1 100.3 94.4
Gain on sale of building (13.9) 0.0 0.0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, net of Tax 21.8 78.4 10.5
Other 25.7 6.7 17.0
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses:      
Increase in accounts receivable (224.6) (175.1) (170.7)
Increase in other assets (108.9) (109.1) (246.2)
(Decrease) / increase in accounts payable (15.9) 13.1 9.6
Increase in accrued expenses and other liabilities 220.5 122.1 263.8
Proceeds from the sale of notes receivable 0.0 226.7 0.0
Operating activities of discontinued operations 0.0 (3.3) 44.4
Net cash flows provided by operating activities 1,859.9 1,905.6 1,821.4
Cash Flows from Investing Activities:      
Purchases of corporate and client funds marketable securities (5,876.3) (5,047.6) (3,414.9)
Proceeds from the sales and maturities of corporate and client funds marketable securities 5,215.4 3,841.0 2,059.5
Net (increase) / decrease in restricted cash and cash equivalents held to satisfy client funds obligations (8,218.2) (2,960.6) 2,537.8
Capital expenditures (168.5) (158.8) (159.8)
Additions to intangibles (217.5) (176.7) (143.6)
Acquisitions of businesses, net of cash acquired 0.0 (8.1) 0.0
Proceeds from the sale of property, plant, and equipment and other assets 15.7 23.6 0.4
Dividend received from CDK Global, Inc. 0.0 825.0 0.0
Cash retained by CDK Global, Inc. 0.0 (180.0) 0.0
Proceeds from the sale of divested businesses 162.2 98.6 24.4
Investing activities of discontinued operations 0.0 (16.7) (90.5)
Net cash flows (used in) / provided by investing activities (9,087.2) (3,760.3) 813.3
Cash Flows from Financing Activities:      
Net increase / (decrease) in client funds obligations 8,803.3 6,074.4 (2,989.5)
Proceeds from debt issuance 1,998.3 0.0 0.0
Payments of debt (1.5) (2.3) (3.3)
Repurchases of common stock (1,155.7) (1,557.2) (667.3)
Proceeds from stock purchase plan and exercises of stock options 75.3 109.1 194.2
Excess tax benefit related to exercise of stock options and restricted stock 37.4 68.4 49.9
Dividends paid (943.6) (927.6) (883.1)
Net repayments from reverse repurchase agreements 0.0 0.0 (245.9)
Net (repayments) / proceeds from issuance of commercial paper 0.0 (2,173.0) 2,173.0
Other (23.4) 23.4 (1.1)
Financing activities of discontinued operations 0.0 1.5 14.9
Net cash flows provided by / (used in) financing activities 8,790.1 1,616.7 (2,358.2)
Effect of exchange rate changes on cash and cash equivalents (11.0) (106.3) 8.0
Net change in cash and cash equivalents 1,551.8 (344.3) 284.5
Cash and cash equivalents, beginning of period 1,639.3 1,983.6 1,699.1
Cash and cash equivalents, end of period 3,191.1 1,639.3 1,983.6
Less cash and cash equivalents of discontinued operations, end of period 0.0 0.0 399.6
Cash and cash equivalents of continuing operations, end of period 3,191.1 [1] 1,639.3 1,584.0
Interest Paid 37.5 5.7 5.5
Income Taxes Paid, Net $ 651.6 $ 773.3 $ 821.5
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