v3.24.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings, including noncontrolling interest $ 78,459 $ 139,739
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 56,343 53,344
Costs recognized on sale of acquired inventory 364 400
Deferred income taxes (22,314) (6,365)
Stock-based compensation expense 22,846 31,205
Fair value adjustment to contingent consideration payable (3,500) (8,600)
Gain on sale of CCXI investment   (37,176)
Fair value adjustment on available-for-sale investments (283) (839)
(Gain) loss on equity method investment 4,295  
Gain on sale of Eminence 0 (11,682)
Leases, net 1,196 640
Impairment of assets held-for-sale 6,038  
Other operating activity 256 112
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net 20,333 11,425
Inventories (9,577) (18,362)
Prepaid expenses (3,149) (2,005)
Trade accounts payable, accrued expenses, contract liabilities, and other 5,382 (11,541)
Salaries, wages and related accruals (4,305) (33,265)
Income taxes payable (9,885) 13,435
Net cash provided by (used in) operating activities 142,499 120,465
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of available-for-sale investments 23,759 26,509
Purchases of available-for-sale investments (5,526) (20,500)
Proceeds from sale of CCXI investment   73,219
Additions to property and equipment (28,456) (15,665)
Acquisitions, net of cash acquired (169,707) (101,184)
Distributions from (Investments in) Wilson Wolf 2,149  
Proceeds from sale of Eminence   17,824
Net cash provided by (used in) investing activities (177,781) (19,797)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (25,213) (25,106)
Proceeds from stock option exercises 19,670 16,977
Re-purchases of common stock (80,042) (19,562)
Borrowings under line-of-credit agreement 225,000 449,661
Repayments of long-term debt (128,000) (505,661)
Taxes paid on RSUs and net share settlements (21,302) (17,853)
Other financing activity   (2,457)
Net cash provided by (used in) financing activities (9,887) (104,001)
Effect of exchange rate changes on cash and cash equivalents (5,270) (4,552)
Net change in cash and cash equivalents (50,439) (7,885)
Cash and cash equivalents at beginning of period 180,571 172,567
Cash and cash equivalents at end of period 130,132 164,682
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 37,645 26,411
Cash paid for interest $ 8,586 $ 5,619

Source

PDF HTML
10-Q Filing
ZIP XLS HTML
XBRL