Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 1,068,485 $ 420,142
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 84,824 80,066
Unrealized foreign exchange (gain) loss and other 15,639 (12,907)
Asset impairment charges 5,962 865
Stock-based compensation expense 25,216 26,992
Deferred income taxes (427,970) (14,967)
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:    
Accounts receivable (180,354) 73,000
Inventories (138,189) (85,991)
Other assets 4,673 20,070
Accounts payable 41,868 (9,822)
Deferred system revenue 33,469 (82,633)
Deferred service revenue 4,912 (3,646)
Other liabilities 325,262 101,002
Net cash provided by operating activities 863,797 512,171
Cash flows from investing activities:    
Proceeds from sale of assets 0 1,114
Business acquisitions, net of cash acquired (37,986) 0
Capital expenditures (68,955) (55,925)
Purchases of available-for-sale securities (264,000) (231,821)
Proceeds from sale of available-for-sale securities 14,954 53,249
Proceeds from maturity of available-for-sale securities 178,414 95,835
Purchases of trading securities (22,896) (18,630)
Proceeds from sale of trading securities 25,163 21,244
Proceeds from other investments 0 614
Net cash used in investing activities (175,306) (134,320)
Cash flows from financing activities:    
Proceeds from revolving credit facility 300,000 0
Repayment of debt (300,000) (50,000)
Common stock repurchases (399,677) (187,897)
Payment of dividends to stockholders (162,821) (141,164)
Tax withholding payments related to vested and released restricted stock units (46,532) (25,145)
Net cash used in financing activities (609,030) (404,206)
Effect of exchange rate changes on cash and cash equivalents (4,507) 7,766
Net increase (decrease) in cash and cash equivalents 74,954 (18,589)
Cash and cash equivalents at beginning of period 1,434,610 1,234,409
Cash and cash equivalents at end of period 1,509,564 1,215,820
Supplemental cash flow disclosures:    
Income taxes paid 57,532 54,185
Interest paid 39,717 40,071
Non-cash activities:    
Contingent consideration (receivable) payable - financing activities 12,810 (2,987)
Dividends payable - financing activities 1,783 1,660
Unsettled common stock repurchase - financing activities 5,999 6,000
Accrued purchases of land, property and equipment - investing activities $ 22,962 $ 23,388