XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Statements Of Consolidated Cash Flows - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
NET EARNINGS $ 1,467.6 $ 1,210.5
Adjustments to reconcile net earnings to cash flows provided by operating activities:    
Depreciation and amortization 233.6 214.7
Deferred income taxes 22.2 22.4
Stock-based compensation expense 101.2 102.4
Net pension expense 18.1 13.2
Net amortization of premiums and accretion of discounts on available-for-sale securities 66.1 71.0
Gain on sale of building 0.0 (13.9)
Gain on sale of divested businesses, net of tax (121.4) (21.8)
Other 24.8 22.9
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses:    
Increase in accounts receivable (90.1) (545.8)
Increase in other assets (152.9) (206.7)
(Decrease) / Increase in accounts payable (29.5) 2.3
Increase in accrued expenses and other liabilities 129.0 363.2
Net cash flows provided by operating activities 1,668.7 1,234.4
Cash Flows from Investing Activities:    
Purchases of corporate and client funds marketable securities (3,470.0) (4,240.9)
Proceeds from the sales and maturities of corporate and client funds marketable securities 2,704.6 4,061.2
Net decrease / (increase) in restricted cash and cash equivalents held to satisfy client funds obligations 87.7 (15,969.9)
Capital expenditures (174.5) (127.6)
Additions to intangibles (162.1) (160.1)
Acquisitions of businesses, net of cash acquired (86.7) 0.0
Proceeds from the sale of property, plant, and equipment and other assets 0.0 15.7
Proceeds from the sale of divested businesses 234.0 162.2
Net cash flows used in investing activities (867.0) (16,259.4)
Cash Flows from Financing Activities:    
Net increase in client funds obligations 636.7 16,098.1
Net proceeds from debt issuance 0.0 1,998.3
Payments of debt (1.5) (1.0)
Repurchases of common stock (956.8) (1,091.0)
Net proceeds from stock purchase plan and stock-based compensation plans 74.5 52.7
Dividends paid (739.4) (701.2)
Other 0.0 (23.3)
Net cash flows (used in) / provided by financing activities (986.5) 16,332.6
Effect of exchange rate changes on cash and cash equivalents (10.8) (5.5)
Net change in cash and cash equivalents (195.6) 1,302.1
Cash and cash equivalents, beginning of period 3,191.1 1,639.3
Cash and cash equivalents, end of period 2,995.5 2,941.4
Supplemental disclosures of cash flow information:    
Cash paid for interest 69.8 34.0
Cash paid for income taxes, net of income tax refunds $ 569.2 $ 420.3