| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net earnings | ||||||||||
482,100 | 427,900 | 326,800 | 307,500 | 287,100 | 263,000 | 212,100 | 123,600 | 169,600 | 190,000 | 223,300 |
Loss from discontinued operations, net of tax | ||||||||||
- | - | - | - | - | - | - | -1,400 | -2,200 | -35,100 | 200 |
Adjustments to reconcile net earnings to net cash flows provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
85,200 | 82,100 | 68,600 | 52,600 | 49,300 | 46,800 | 47,600 | 51,000 | 43,100 | 36,800 | 38,400 |
Amortization of acquired intangibles and purchased intellectual property | ||||||||||
87,400 | 81,400 | 72,600 | 31,800 | 25,300 | 22,600 | 21,800 | 22,200 | 14,300 | 4,500 | - |
Amortization of other assets | ||||||||||
87,400 | 48,500 | 41,000 | 36,600 | 29,700 | 28,000 | 24,000 | 18,800 | 14,900 | 15,700 | 15,300 |
Stock-based compensation expense | ||||||||||
58,400 | 55,100 | 46,100 | 43,100 | 38,600 | 34,600 | 27,100 | 28,300 | 30,000 | 27,300 | 28,600 |
Deferred income taxes | ||||||||||
-3,500 | -9,300 | -14,700 | -5,900 | 600 | -11,600 | 14,100 | -8,400 | 12,800 | 3,400 | - |
Excess Tax Benefit from Share-based Compensation, Operating Activities | ||||||||||
0 | 0 | 40,600 | 21,300 | 40,500 | 22,800 | 4,600 | 3,900 | 2,100 | 200 | 400 |
Impairment of available-for-sale securities and other non-current assets | ||||||||||
- | - | - | - | - | - | - | 69,100 | - | - | - |
Gain on purchase of senior notes | ||||||||||
- | - | - | - | - | - | - | - | - | - | 8,400 |
Other | ||||||||||
37,600 | 21,200 | 8,600 | 14,600 | -8,800 | -2,700 | -11,400 | -3,000 | 5,400 | -1,100 | 800 |
Changes in operating assets and liabilities, net of assets and liabilities acquired: | ||||||||||
Current assets and liabilities: | ||||||||||
Increase in Accounts receivable, net | ||||||||||
34,900 | 18,600 | 44,400 | 5,300 | 4,200 | -19,100 | 73,200 | -34,700 | 39,800 | -27,800 | -31,700 |
Increase in Other current assets | ||||||||||
7,300 | 7,600 | -5,600 | 12,500 | -14,000 | 2,300 | 15,600 | -23,300 | -8,000 | -4,200 | 23,000 |
Decrease in Payables and accrued expenses | ||||||||||
-10,900 | 9,600 | 135,400 | 69,600 | 30,600 | 36,600 | 15,800 | 35,200 | -16,000 | 7,800 | -20,200 |
Increase in Contract liabilities | ||||||||||
15,100 | 20,800 | -4,500 | 2,900 | 7,100 | 5,800 | 1,400 | -8,900 | -11,400 | 100 | 9,100 |
Increase in Accounts payable | ||||||||||
- | - | - | 6,200 | 1,900 | -26,800 | 41,300 | -12,400 | 8,500 | 9,900 | -14,000 |
Non-current assets and liabilities: | ||||||||||
Increase in Other non-current assets | ||||||||||
188,300 | 83,500 | 90,700 | 59,500 | 45,300 | 38,400 | 61,200 | 106,500 | 61,500 | 10,900 | 14,700 |
Increase in Other non-current liabilities | ||||||||||
83,800 | 108,300 | 23,200 | 6,500 | 28,400 | 30,400 | 8,900 | 20,100 | 23,700 | 7,500 | 7,200 |
Net cash flows provided by operating activities | ||||||||||
617,000 | 693,600 | 515,900 | 437,700 | 431,400 | 387,700 | 270,900 | 290,600 | 190,900 | 360,100 | 277,200 |
Cash Flows From Investing Activities | ||||||||||
Capital expenditures | ||||||||||
50,600 | 76,700 | 85,400 | 57,700 | 50,300 | 40,300 | 38,200 | 33,800 | 29,200 | 42,700 | 26,800 |
Software purchases and capitalized internal use software | ||||||||||
22,000 | 21,200 | 28,300 | 17,800 | 15,700 | 13,100 | - | - | - | - | - |
Equity method investment | ||||||||||
- | - | - | - | - | 0 | 0 | 2,100 | - | - | - |
Acquisitions, net of cash acquired | ||||||||||
354,700 | 108,300 | 448,700 | 53,000 | 202,900 | 96,900 | 0 | 72,400 | 293,500 | 35,200 | 60,800 |
Payments to Acquire Intangible Assets | ||||||||||
0 | 40,000 | 90,000 | 0 | 0 | - | 12,700 | 12,900 | 18,100 | 10,400 | 3,100 |
Other investing activities | ||||||||||
- | - | - | - | 7,500 | - | - | - | - | - | - |
Other investing activities | ||||||||||
6,300 | 3,100 | 6,900 | 8,300 | 0 | 0 | -1,100 | 6,500 | - | - | - |
Net cash flows used in investing activities | ||||||||||
-433,500 | -249,300 | -659,300 | -136,900 | -276,400 | -150,300 | -52,000 | -110,500 | -340,800 | -88,300 | -90,700 |
Cash Flows From Financing Activities | ||||||||||
Repayments on Senior notes | ||||||||||
- | - | - | - | 0 | - | - | - | - | - | - |
Debt proceeds | ||||||||||
803,100 | 340,000 | 500,000 | 807,900 | 320,000 | 399,500 | 0 | 490,000 | - | - | - |
Proceeds from Short-term borrowings | ||||||||||
- | - | - | - | - | - | - | - | 240,000 | - | - |
Payment on Short-term borrowings | ||||||||||
- | - | - | - | - | - | - | 400,000 | 40,000 | - | - |
Debt repayments | ||||||||||
387,400 | 390,000 | 415,000 | 475,000 | 155,000 | 400,000 | 0 | 90,000 | - | - | 114,400 |
Excess tax benefits from stock-based compensation awards | ||||||||||
0 | 0 | 40,600 | 21,300 | 40,500 | 22,800 | 4,600 | 3,900 | 2,100 | 200 | 400 |
Dividends paid | ||||||||||
211,200 | 165,800 | 152,200 | 138,200 | 122,300 | 96,700 | 85,800 | 78,100 | 74,800 | 66,600 | 37,900 |
Purchases of Treasury stock | ||||||||||
397,800 | 277,100 | 342,800 | 119,800 | 301,700 | 129,700 | 238,500 | 51,600 | 222,100 | 268,900 | 35,500 |
Proceeds from exercise of stock options | ||||||||||
31,100 | 52,000 | 60,900 | 24,800 | 62,100 | 49,500 | 46,300 | 43,600 | 47,800 | 57,200 | 7,000 |
Payment of contingent consideration obligations | ||||||||||
- | - | - | - | 0 | 0 | - | - | - | - | - |
Costs related to amendment of revolving credit facility | ||||||||||
- | - | - | - | 1,900 | - | - | - | - | - | - |
Costs related to issuance of bonds | ||||||||||
- | - | - | - | 0 | - | - | 2,900 | - | - | - |
Other financing activities | ||||||||||
-10,800 | -9,000 | -3,200 | -12,500 | - | - | 200 | -3,600 | 1,700 | - | - |
Net cash flows provided by (used in) financing activities | ||||||||||
-173,100 | -449,900 | -311,700 | 108,600 | -158,300 | -158,900 | -273,200 | -88,700 | -45,300 | -278,100 | -180,400 |
Effect of exchange rate changes on Cash and cash equivalents | ||||||||||
-1,100 | -1,600 | -1,600 | -5,700 | -20,200 | 3,100 | -200 | -6,000 | 7,900 | 100 | 3,100 |
Net change in Cash and cash equivalents | ||||||||||
9,200 | -7,200 | -456,700 | 403,700 | -23,500 | 81,600 | -54,500 | 79,000 | -171,100 | 131,700 | 82,600 |
Cash flows from discontinued operations: | ||||||||||
Net cash flows used in operating activities | ||||||||||
- | - | - | - | - | - | - | -6,400 | 23,400 | 133,500 | 81,600 |
Net cash flows used in financing activities | ||||||||||
- | - | - | - | - | - | - | - | -7,200 | 4,400 | -8,200 |
Net cash flows used in discontinued operations | ||||||||||
- | - | - | - | - | - | - | -6,400 | 16,200 | 137,900 | 73,400 |
Supplemental disclosure of cash flow information: | ||||||||||
Cash payments made for interest | ||||||||||
43,400 | 40,500 | 43,100 | 26,700 | 24,100 | 17,100 | 13,500 | 13,800 | 9,700 | 11,100 | 14,500 |
Cash payments made for income taxes, net of refunds | ||||||||||
119,500 | 177,600 | 113,400 | 122,400 | 85,400 | 150,300 | 118,600 | 71,100 | 58,400 | 107,900 | 129,200 |
Non-cash investing and financing activities: | ||||||||||
Consideration received as part of the sale of discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | 33,100 | - |
Purchases of treasury stock excluded from accrued expenses | ||||||||||
- | - | - | - | - | - | - | - | 1,500 | 21,300 | - |
Dividends payable | ||||||||||
- | - | - | - | - | - | 1,100 | 1,600 | - | 8,800 | - |
Accrual of unpaid property, plant and equipment and software | ||||||||||
8,700 | 6,200 | 17,700 | 7,000 | 800 | 2,900 | 1,900 | 1,900 | 3,100 | 4,300 | 2,800 |
Increase in dividends payable | ||||||||||
- | - | - | - | - | 3,700 | - | - | - | - | - |
Increase in acquisition related obligations | ||||||||||
- | - | - | - | 14,500 | 0 | 0 | - | - | - | - |
Obligations related to the purchase of intellectual property | ||||||||||
- | - | - | - | 0 | - | - | - | - | - | - |
Unpaid deferred financing costs related to the issuance of bonds | ||||||||||
- | - | - | - | 0 | 0 | - | - | - | - | - |