Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings, including noncontrolling interest $ 139,739 $ 141,040
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 53,344 49,836
Costs recognized on sale of acquired inventory 400 1,596
Deferred income taxes (6,365) 7,233
Stock-based compensation expense 31,205 25,706
Fair value adjustment to contingent consideration payable (8,600) (16,400)
Contingent consideration payments - operating   (3,300)
(Gain) Loss on investment, net (37,176)  
Fair value adjustment on available for sale investments (839) (33,672)
Asset impairment restructuring 0 546
Eminence impairment   18,715
Gain on sale of Eminence (11,682) 0
Leases, net 640 (501)
Other operating activity 112 383
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net 11,425 (9,347)
Inventories (18,362) (8,700)
Prepaid expenses (2,005) (7,025)
Trade accounts payable, accrued expenses, contract liabilities, and other (11,541) (175)
Salaries, wages and related accruals (33,265) (10,408)
Income taxes payable 13,435 (6,100)
Net cash provided by (used in) operating activities 120,465 149,427
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale investments 26,509 12,450
Purchases of available-for-sale investments (20,500) (13,500)
Proceeds from sale of CCXI investment 73,219  
Additions to property and equipment (15,665) (16,238)
Acquisitions, net of cash acquired (101,184)  
Proceeds from sale of Eminence 17,824  
Investment of forward purchase contract   (25,000)
Net cash provided by (used in) investing activities (19,797) (42,288)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (25,106) (25,069)
Proceeds from stock option exercises 16,977 56,500
Re-purchases of common stock (19,562) (41,294)
Borrowings under line-of-credit agreement 449,661 50,000
Repayments of long-term debt (505,661) (109,250)
Contingent consideration payments - financing 0 (700)
Taxes paid on RSUs and net share settlements (17,853) (23,247)
Other financing activity (2,457)  
Net cash provided by (used in) financing activities (104,001) (93,060)
Effect of exchange rate changes on cash and cash equivalents (4,552) (1,325)
Net change in cash and cash equivalents (7,885) 12,754
Cash and cash equivalents at beginning of period 172,567 199,091
Cash and cash equivalents at end of period 164,682 211,845
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 26,411 15,368
Cash paid for interest $ 5,619 $ 6,144