v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 124,941 $ 170,451
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 63,075 61,746
Costs recognized on sale of acquired inventory 91 0
Deferred income taxes (6,023) 8,641
Stock-based compensation expense 39,174 26,350
Contingent consideration payments (155)
Fair value adjustment to contingent consideration payable 6,188 (605)
Fair value adjustment on available for sale investments 10,234 (111,267)
Leases, net 83 191
Other operating activity (608) (865)
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net (32,710) 2,692
Inventories (4,115) (10,009)
Other current assets 414 (1,995)
Trade accounts payable, accrued expenses, contract liabilities, and other 12,198 10,031
Salaries, wages and related accruals 13,829 (5,090)
Income taxes payable 3,528 10,155
Net cash provided by operating activities 230,144 160,426
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale and maturities of available-for-sale investments 66,377 122,667
Purchases of available-for-sale investments (39,684) (50,728)
Additions to property and equipment (32,985) (34,371)
Investment in unconsolidated entity (556) 0
Acquisitions, net of cash acquired (9,765) 0
Net cash provided by (used in) investing activities (16,613) 37,568
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (37,174) (36,644)
Proceeds from stock option exercises 54,992 38,490
Re-purchase of common stock (43,178) (50,112)
Proceeds from long-term debt 0 40,000
Repayments of long-term debt (141,375) (125,375)
Other financing activity (13,504) (5,441)
Net cash provided by (used in) financing activities (180,239) (139,082)
Effect of exchange rate changes on cash and cash equivalents 6,219 (3,582)
Net increase (decrease) in cash and cash equivalents 39,511 55,330
Cash and cash equivalents at beginning of period 146,625 100,886
Cash and cash equivalents at end of period 186,136 156,216
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 17,957 24,851
Cash paid for interest $ 10,729 $ 14,196

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