Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
3 Months Ended
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Cash flows from operating activities:    
Net income $ 395,944 $ 280,936
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,087 15,282
(Gain) loss on unrealized foreign exchange 3,005 2,291
Other 890 980
Stock-based compensation expense 16,138 14,031
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business combination:    
Accounts receivable 36,079 (95,621)
Inventories (55,738) (20,194)
Other assets (16,853) (4,222)
Accounts payable (14,765) (8,877)
Deferred system revenue (79,810) 0
Deferred service revenue (13,325) 0
Deferred system profit 0 28,406
Other liabilities 93,753 160,617
Net cash provided by operating activities 381,405 373,629
Cash flows from investing activities:    
Acquisition of a business, net of cash acquired (11,787) (710)
Capital expenditures (22,330) (15,756)
Purchases of available-for-sale securities 0 (191,744)
Proceeds from sale of available-for-sale securities 91,238 50,095
Proceeds from maturity of available-for-sale securities 254,757 268,665
Purchases of trading securities (4,619) (11,876)
Proceeds from sale of trading securities 7,612 14,320
Net cash provided by investing activities 314,871 112,994
Cash flows from financing activities:    
Repayment of debt 0 (156,250)
Tax withholding payments related to vested and released restricted stock units (26,961) (23,628)
Common stock repurchases (299,974) (39,927)
Payment of dividends to stockholders (122,757) (100,327)
Net cash used in financing activities (449,692) (320,132)
Effect of exchange rate changes on cash and cash equivalents (1,452) 1,155
Net increase in cash and cash equivalents 245,132 167,646
Cash and cash equivalents at beginning of period 1,404,382 1,153,051
Cash and cash equivalents at end of period 1,649,514 1,320,697
Supplemental cash flow disclosures:    
Income taxes paid 24,962 23,858
Interest paid 537 3,005
Non-cash activities:    
Business acquisition holdback amounts - investing activities 440 4,780
Contingent consideration payable - financing activities 3,102 0
Accrued purchases of land, property and equipment - investing activities 9,242 4,734
Unsettled common stock repurchase - financing activities 7,812 848
Dividends payable - financing activities $ 4,783 $ 7,011