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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Cash flows from operating activities:    
Net income $ 445,556 $ 107,759
Non-cash and other reconciling items:    
Depreciation 65,719 67,462
Amortization 12,034 35,730
Amortization of Operating Lease Assets 40,298 42,054
Deferred income taxes 1,423 11,510
Stock-based compensation 28,638 22,293
Impairments   15,166
Other, net 47,667 7,558
Changes in (net of effects from businesses acquired and divested):    
Receivables (880,957) (405,700)
Inventories (549,999) 63,017
Accounts payable 628,822 224,151
Accrued expenses and other, net 141,381 6,526
Net cash flows (used) provided by operating activities (19,418) 197,526
Cash flows from financing activities:    
Borrowings under accounts receivable securitization, net 57,400  
Repayments under senior unsecured credit facility, net   (232,347)
Borrowings (repayments) under bank credit facilities and other debt, net 117,982 (2,192)
Repurchases of common stock (88,952)  
Dividends paid on common stock (73,253) (62,400)
Other, net (16,853) (11,455)
Net cash flows used for financing activities (3,676) (308,394)
Cash flows from investing activities:    
Purchases of property, plant and equipment (33,679) (39,001)
Acquisitions of assets and businesses   (18,371)
Proceeds from liquidation of Company Owned Life Insurance Policies 84,343  
Other, net 724 6,201
Net cash flows provided (used) for investing activities 51,388 (51,171)
Effect on currency exchange rate changes on cash and cash equivalents (28,528) 7,750
Cash and cash equivalents:    
Increase (234) (154,289)
Cash and cash equivalents at beginning of year 199,691 477,038
Cash and cash equivalents at end of year $ 199,457 $ 322,749