v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings, including noncontrolling interest $ 201,184 $ 124,941
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 75,203 63,075
Costs recognized on sale of acquired inventory 1,596 91
Deferred income taxes 7,888 (6,023)
Stock-based compensation expense 33,777 39,174
Contingent consideration payments - operating (3,300) (155)
Fair value adjustment to contingent consideration payable (20,600) 6,188
Fair value adjustment on available for sale investments (15,569) 10,234
Asset impairment restructuring 546 0
Eminence impairment 18,715 0
Leases, net (974) 83
Other operating activity 549 (608)
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net (60,930) (32,710)
Inventories (16,034) (4,115)
Prepaid expenses (3,576) 414
Trade accounts payable, accrued expenses, contract liabilities, and other 11,229 12,198
Salaries, wages and related accruals 2,059 13,829
Income taxes payable (9,208) 3,528
Net cash provided by (used in) operating activities 222,555 230,144
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale investments 26,055 66,377
Purchases of available-for-sale investments (47,998) (39,684)
Additions to property and equipment (31,338) (32,985)
Acquisitions, net of cash acquired   (9,765)
Investment in unconsolidated entity   (556)
Investment of forward purchase contract (25,000)  
Net cash provided by (used in) investing activities (78,281) (16,613)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (37,646) (37,174)
Proceeds from stock option exercises 68,346 54,992
Re-purchases of common stock (102,132) (43,178)
Borrowings under line-of-credit agreement 90,000 0
Repayments of long-term debt (172,375) (141,375)
Contingent consideration payments - financing (700) 0
Other financing activity (22,618) (13,504)
Net cash provided by (used in) financing activities (177,125) (180,239)
Effect of exchange rate changes on cash and cash equivalents (5,419) 6,219
Net change in cash and cash equivalents (38,270) 39,511
Cash and cash equivalents at beginning of period 199,091 146,625
Cash and cash equivalents at end of period 160,821 186,136
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 22,965 17,957
Cash paid for interest $ 8,522 $ 10,729

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