v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 170,451 $ 79,612
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 61,746 58,252
Costs recognized on sale of acquired inventory 0 2,804
Deferred income taxes 8,641 (11,114)
Stock-based compensation expense 26,350 24,151
Fair value adjustment to contingent consideration payable (605) (1,100)
Fair value adjustment on available for sale investments (111,267) (2,907)
Other operating activity (674) 2,255
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net 2,692 (13,136)
Inventories (10,009) (11,550)
Other current assets (1,250) (1,000)
Trade accounts payable, accrued expenses, contract liabilities, and other 10,031 7,977
Contingent consideration payable (745) 0
Salaries, wages and related accruals (5,090) (102)
Income taxes payable 10,155 (8,469)
Net cash provided by operating activities 160,426 125,673
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale and maturities of available-for-sale investments 122,667 17,215
Purchases of available-for-sale investments (50,728) (37,693)
Additions to property and equipment (34,371) (13,719)
Acquisitions, net of cash acquired 0 (272,286)
Net cash provided by (used in) investing activities 37,568 (306,483)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (36,644) (36,237)
Proceeds from stock option exercises 38,490 27,029
Re-purchase of common stock (50,112) (15,405)
Proceeds from long-term debt 40,000 580,000
Repayments of long-term debt (125,375) (396,375)
Payment of contingent consideration (3,400) 0
Other financing activity (2,042) (4,731)
Net cash provided by (used in) financing activities (139,082) 154,281
Effect of exchange rate changes on cash and cash equivalents (3,582) 99
Net increase (decrease) in cash and cash equivalents 55,330 (26,429)
Cash and cash equivalents at beginning of period 100,886 121,990
Cash and cash equivalents at end of period 156,216 95,561
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 24,851 26,637
Cash paid for interest $ 14,196 $ 16,610

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