Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:      
Net income   $ 346,396 $ 395,944
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization   98,588 16,087
Loss (gains) on unrealized foreign exchange and other   12,794 3,895
Stock-based compensation expense   26,944 16,138
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:      
Accounts receivable $ (76,075) (75,214) 36,079
Inventories   (5,091) (55,738)
Other assets   (8,930) (16,853)
Accounts payable   18,885 (14,765)
Deferred system revenue   (4,833) (79,810)
Deferred service revenue   (4,337) (13,325)
Other liabilities   91,043 93,753
Net cash provided by operating activities   496,245 381,405
Cash flows from investing activities:      
Business acquisitions, net of cash acquired   (78,530) (11,787)
Capital expenditures   (32,566) (22,330)
Proceeds from disposition of non-marketable securities   1,086 0
Purchases of available-for-sale securities   (263,767) 0
Proceeds from sale of available-for-sale securities   25,449 91,238
Proceeds from maturity of available-for-sale securities   198,751 254,757
Purchases of trading securities   (9,021) (4,619)
Proceeds from sale of trading securities   11,905 7,612
Net cash (used in) provided by investing activities   (146,693) 314,871
Cash flows from financing activities:      
Common stock repurchases   (228,496) (299,974)
Payment of dividends to stockholders   (121,636) (122,757)
Issuance of common stock   114 0
Tax withholding payments related to vested and released restricted stock units   (23,538) (26,961)
Payment of contingent consideration payable   (57) 0
Net cash used in financing activities   (373,613) (449,692)
Effect of exchange rate changes on cash and cash equivalents   (3,585) (1,452)
Net (decrease) increase in cash and cash equivalents   (27,646) 245,132
Cash and cash equivalents at beginning of period   1,015,994 1,404,382
Cash and cash equivalents at end of period $ 988,348 988,348 1,649,514
Supplemental cash flow disclosures:      
Income taxes paid   19,862 24,962
Interest paid   26,347 537
Non-cash activities:      
Business acquisition holdback amounts - investing activities   0 440
Contingent consideration payable - financing activities   9,366 3,102
Dividends payable - financing activities   1,552 4,783
Unsettled common stock repurchase - financing activities   8,000 7,812
Accrued purchases of land, property and equipment - investing activities   $ 16,074 $ 9,242