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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net income $ 435,392 $ 405,364
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 74,040 79,891
Amortization of right-of-use assets 15,533 17,334
Stock-based compensation costs 33,383 33,404
Loss attributable to equity method investments (note 5) 4,853 3,300
(Gain) loss on equity investments (note 5) (5,088) (1,208)
Changes in operating assets and liabilities:    
Accounts receivable (75,823) 82,469
Inventories (233,116) (139,249)
Prepaid expenses, net deferred income taxes and other current assets (66,646) (21,389)
Accounts payable, accrued expenses, income taxes payable and other (9,230) (305,694)
Net cash provided by operating activities 173,298 154,222
Cash flows from investing activities:    
Purchases of property, plant and equipment (56,406) (57,747)
Patent registration and acquisition costs (7,636) (13,737)
Business acquisitions, net of cash acquired (note 12) (1,011,225) (35,915)
Purchases of investments (note 5) (17,132) (12,364)
(Payments) / proceeds on maturity of foreign currency contracts 7,181 (5,419)
Net cash used in investing activities (1,085,218) (125,182)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net 24,666 23,455
Taxes paid related to net share settlement of equity awards (29,713) (50,025)
Proceeds from borrowings, net of borrowing costs 1,070,000 160,000
Repayment of borrowings (45,000) (136,000)
Dividends paid (128,931) (122,434)
Net cash (used in) / provided by financing activities 891,022 (125,004)
Effect of exchange rate changes on cash 387 (4,838)
Net decrease in cash and cash equivalents (20,511) (100,802)
Cash and cash equivalents at beginning of period 273,710 295,278
Cash and cash equivalents at end of period 253,199 194,476
Supplemental disclosure of cash flow information:    
Income taxes paid, net of refunds 107,985 382,903
Interest paid 17,472 11,308
Fair value of assets acquired, excluding cash 359,730 8,986
Liabilities assumed (144,778) (2,492)
Goodwill on acquisition 800,003 33,499
Previously held equity interest 0 (4,078)
Deferred payments (874) 0
Fair value of contingent consideration (2,856) 0
Cash paid for acquisitions $ 1,011,225 $ 35,915