Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 453,498 $ 669,914
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,695 43,512
Asset impairment charges 1,000 358
Non-cash stock-based compensation expense 43,980 36,458
Net (gain) loss on sales of marketable securities and other investments 47 (832)
Changes in assets and liabilities, net of business acquisition:    
Accounts receivable, net (78,592) (127,136)
Inventories (109,672) (13,969)
Other assets 16,917 (27,589)
Accounts payable 21,375 33,256
Deferred system profit 77,281 14,965
Other liabilities 382,078 (11,909)
Net cash provided by operating activities 855,607 617,028
Cash flows from investing activities:    
Acquisition of non-marketable securities (3,377) (2,370)
Business acquisition (5,490) 0
Capital expenditures, net (44,119) (27,926)
Proceeds from sale of assets 0 2,582
Purchases of available-for-sale securities (438,673) (1,212,600)
Proceeds from sale of available-for-sale securities 165,030 364,430
Proceeds from maturity of available-for-sale securities 489,569 471,724
Purchases of trading securities (65,160) (87,831)
Proceeds from sale of trading securities 67,063 85,464
Net cash provided by (used in) investing activities 164,843 (406,527)
Cash flows from financing activities:    
Proceeds from revolving credit facility, net of debt issuance costs 248,693 0
Repayment of debt (721,250) (105,000)
Issuance of common stock 20,571 23,694
Tax withholding payments related to vested and released restricted stock units (26,623) (19,169)
Common stock repurchases (165,078) 0
Payment of dividends to stockholders (285,030) (259,356)
Net cash used in financing activities (928,717) (359,831)
Effect of exchange rate changes on cash and cash equivalents 10,898 (3,351)
Net increase (decrease) in cash and cash equivalents 102,631 (152,681)
Cash and cash equivalents at beginning of period 1,153,051 1,108,488
Cash and cash equivalents at end of period 1,255,682 955,807
Supplemental cash flow disclosures:    
Income taxes paid, net 221,797 190,165
Interest paid 61,028 63,133
Non-cash activities:    
Purchase of land, property and equipment, net - investing activities 9,728 3,218
Dividends payable - financing activities $ 8,408 $ 12,643