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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 667,892 $ 584,376
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 118,396 122,198
Amortization of right-of-use assets 23,967 26,636
Stock-based compensation costs 51,215 49,265
Loss attributable to equity method investments (note 5) 5,037 5,927
(Gain) loss on equity investments (note 5) (11,506) 527
Changes in operating assets and liabilities:    
Accounts receivable (88,452) 98,158
Inventories (255,091) (209,476)
Prepaid expenses, net deferred income taxes and other current assets (86,607) (127,977)
Accounts payable, accrued expenses, income taxes payable and other 31,012 (277,973)
Net cash provided by operating activities 455,863 271,661
Cash flows from investing activities:    
Purchases of property, plant and equipment (85,223) (106,192)
Patent registration and acquisition costs (10,043) (17,449)
Business acquisitions, net of cash acquired (note 12) (1,011,225) (35,915)
Purchases of investments (note 5) (29,729) (16,614)
Proceeds from exits of investments (note 5) 3,937 6,802
(Payments) / proceeds on maturity of foreign currency contracts 18,961 (5,309)
Net cash used in investing activities (1,113,322) (174,677)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net 25,649 26,269
Taxes paid related to net share settlement of equity awards (30,297) (52,278)
Payments of business combination contingent consideration (316) 0
Proceeds from borrowings, net of borrowing costs 1,070,000 160,000
Repayment of borrowings (260,000) (136,000)
Dividends paid (193,571) (183,853)
Net cash (used in) / provided by financing activities 611,465 (185,862)
Effect of exchange rate changes on cash 178 (4,631)
Net decrease in cash and cash equivalents (45,816) (93,509)
Cash and cash equivalents at beginning of period 273,710 295,278
Cash and cash equivalents at end of period 227,894 201,769
Supplemental disclosure of cash flow information:    
Income taxes paid, net of refunds 145,566 432,268
Interest paid 32,436 16,770
Fair value of assets acquired, excluding cash 359,730 8,986
Liabilities assumed (148,132) (2,492)
Goodwill on acquisition 803,357 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