Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 2,858,794 $ 1,925,450
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment of goodwill and purchased intangible assets 239,100 289,474
Depreciation and amortization 297,836 300,729
Unrealized foreign exchange (gain) loss and other 23,622 (16,747)
Stock-based compensation expense 193,742 154,074
Net gain on sale of assets (161) 0
Deferred income taxes (186,095) (124,594)
Settlement of treasury lock agreement 0 415
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:    
Accounts receivable (300,289) 141,064
Inventories (106,651) (131,249)
Other assets 76,105 (223,625)
Accounts payable 42,390 799
Deferred system revenue (117,512) 342,749
Deferred service revenue 64,610 129,010
Other liabilities (168,579) (371,589)
Net cash provided by operating activities 2,916,912 2,415,960
Cash flows from investing activities:    
Proceeds from sale of assets 161 5,079
Business acquisitions, net of cash acquired 0 (3,682)
Acquisition of intellectual property (2,850) 0
Capital expenditures (234,851) (216,639)
Proceeds from capital-related government assistance 315 0
Purchases of available-for-sale and equity securities (2,024,564) (2,154,906)
Proceeds from sale of available-for-sale securities 331,504 70,957
Proceeds from maturity of available-for-sale securities 2,061,056 971,085
Purchases of trading securities (88,275) (112,463)
Proceeds from sale of trading securities 79,384 102,376
Proceeds from other investments 984 0
Net cash provided by (used in) investing activities 122,864 (1,338,193)
Cash flows from financing activities:    
Proceeds from issuance of debt, net of issuance costs 0 735,043
Repayment of debt (750,000) 0
Common stock repurchases (1,724,249) (1,265,480)
Payment of dividends to stockholders (650,629) (575,520)
Issuance of common stock 47,538 48,433
Tax withholding payments related to vested and released restricted stock units (78,534) (95,516)
Contingent consideration payable and other, net 0 (4,116)
Net cash used in financing activities (3,155,874) (1,157,156)
Effect of exchange rate changes on cash and cash equivalents (3,009) (309)
Net decrease in cash and cash equivalents (119,107) (79,698)
Cash and cash equivalents at beginning of period 1,977,129 1,927,865
Cash and cash equivalents at end of period 1,858,022 1,848,167
Supplemental cash flow disclosures:    
Income taxes paid, net 655,822 765,282
Interest paid, net of capitalized interest 284,999 251,426
Non-cash activities:    
Contingent consideration payable - financing activities 0 (765)
Dividends payable - financing activities 6,360 6,090
Unsettled common stock repurchase - financing activities 5,499 10,999
Accrued purchases of land, property and equipment - investing activities $ 24,322 $ 15,378