| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||
Net earnings | ||||||||||
1,794,000 | 1,117,000 | 1,256,000 | 1,121,000 | 1,094,000 | 1,209,100 | 1,023,800 | 860,500 | 703,800 | 482,400 | 226,800 |
Adjustments to reconcile net earnings to net cash flows from operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
557,000 | 531,000 | 464,000 | 415,000 | 409,000 | 384,600 | 336,900 | 295,800 | 294,400 | 263,700 | 254,000 |
Deferred income taxes | ||||||||||
-66,000 | 175,000 | -118,000 | -94,000 | -53,000 | -56,400 | -76,100 | -22,100 | -24,500 | -24,700 | -108,200 |
Non-cash stock-based compensation | ||||||||||
243,000 | 236,000 | 219,000 | 184,000 | 165,000 | 152,600 | 145,800 | 124,700 | 94,800 | 57,000 | 51,500 |
Excess tax benefits from stock-based compensation arrangements | ||||||||||
- | - | 45,000 | 23,000 | 48,000 | 40,200 | 53,900 | 57,800 | 49,700 | 10,800 | 1,400 |
Net loss on disposal of property, plant and equipment | ||||||||||
-17,000 | -15,000 | -5,000 | -17,000 | -15,000 | -13,400 | -15,200 | -12,700 | -7,700 | -23,000 | -11,400 |
Non-cash restructuring and other charges | ||||||||||
- | 1,000 | 3,000 | 19,000 | - | - | 3,500 | 3,500 | 9,400 | 21,400 | 12,200 |
Non-cash charge on debt extinguishment | ||||||||||
- | - | - | - | - | - | - | - | - | 2,400 | - |
Pension and post-retirement benefit expense | ||||||||||
72,000 | 73,000 | 80,000 | 71,000 | 64,000 | 70,900 | 83,100 | 68,500 | 78,500 | 61,600 | 52,000 |
Pension and post-retirement benefit contributions | ||||||||||
53,000 | 85,000 | 38,000 | 67,000 | 59,000 | 41,300 | 38,300 | 126,900 | 92,400 | 125,700 | 71,300 |
Goodwill, other intangible and long-lived asset impairments | ||||||||||
90,000 | - | 31,000 | - | - | - | 17,700 | 21,700 | 38,000 | 48,400 | 63,100 |
Loss on Venezuela remeasurement | ||||||||||
- | - | - | - | - | -38,300 | -2,800 | - | - | - | - |
Changes in fair value of contingent consideration | ||||||||||
-37,000 | -43,000 | -57,000 | 8,000 | 7,000 | - | - | - | - | - | - |
Gain on liquidation of an investment in a foreign subsidiary, net | ||||||||||
71,000 | - | - | - | - | - | - | - | - | - | - |
Other non-cash items | ||||||||||
27,000 | 22,000 | 21,000 | 7,000 | - | 500 | 25,900 | -3,700 | -600 | -600 | -1,200 |
Changes in operating assets and liabilities: | ||||||||||
Increase in accounts receivable, net | ||||||||||
169,000 | 105,000 | 92,000 | 101,000 | -103,000 | 196,200 | 113,000 | 178,400 | 124,700 | -79,200 | -103,800 |
Increase in inventory and promotional merchandise | ||||||||||
375,000 | 147,000 | 85,000 | 69,000 | 26,000 | 156,800 | 134,500 | 41,200 | 95,100 | 60,800 | -125,700 |
Increase in other assets, net | ||||||||||
62,000 | -1,000 | 90,000 | 72,000 | -8,000 | 45,200 | 3,200 | 63,100 | 52,500 | -29,300 | 72,200 |
Decrease in accounts payable | ||||||||||
319,000 | 349,000 | 54,000 | 101,000 | 147,000 | 34,000 | -8,700 | 68,300 | -17,000 | 103,600 | -11,900 |
Increase in accrued income taxes | ||||||||||
- | - | - | - | - | - | - | - | 103,100 | -78,800 | 24,500 |
Increase in other accrued and noncurrent liabilities | ||||||||||
285,000 | 466,000 | 224,000 | 286,000 | 117,000 | 168,900 | 51,100 | 156,800 | 152,600 | 84,900 | 34,800 |
Net cash flows provided by operating activities | ||||||||||
2,517,000 | 2,562,000 | 1,790,000 | 1,789,000 | 1,943,000 | 1,535,200 | 1,226,300 | 1,126,700 | 1,027,000 | 956,700 | 696,000 |
Cash flows from investing activities | ||||||||||
Capital expenditures | ||||||||||
744,000 | 629,000 | 504,000 | 525,000 | 473,000 | 510,200 | 461,000 | 420,700 | 351,000 | 270,600 | 279,800 |
Payments for acquired businesses, net of cash acquired | ||||||||||
- | - | 1,671,000 | 101,000 | 241,000 | 9,200 | 8,700 | 7,600 | 256,100 | 10,700 | 68,500 |
Proceeds from the disposition of investments | ||||||||||
1,229,000 | 749,000 | 1,226,000 | 1,373,000 | 305,000 | 8,400 | 7,000 | - | 200 | - | 9,200 |
Purchases of investments | ||||||||||
14,000 | 478,000 | 1,267,000 | 2,016,000 | 1,207,000 | 600 | 2,800 | - | - | - | - |
Proceeds from sale of property, plant and equipment | ||||||||||
2,000 | - | 12,000 | - | - | - | - | - | - | - | - |
Purchases of long-term investments | ||||||||||
- | - | - | - | - | - | - | - | - | 100 | 400 |
Net cash flows provided by (used for) investing activities | ||||||||||
473,000 | -358,000 | -2,204,000 | -1,269,000 | -1,616,000 | -511,600 | -465,500 | -428,300 | -606,900 | -281,400 | -339,500 |
Cash flows from financing activities | ||||||||||
Proceeds (repayments) of current debt, net | ||||||||||
-171,000 | -8,000 | 165,000 | - | 13,000 | 5,100 | -198,500 | 197,400 | 400 | -7,500 | -93,500 |
Proceeds from issuance of long-term debt, net | ||||||||||
- | - | 1,498,000 | 616,000 | 294,000 | - | 498,700 | - | - | - | 297,700 |
Debt issuance costs | ||||||||||
- | - | 11,000 | 4,000 | 4,000 | - | 4,100 | 1,100 | - | - | - |
Repayments and redemptions of long-term debt | ||||||||||
-1,000 | -2,000 | -306,000 | -8,000 | -8,000 | -11,800 | -241,500 | -128,800 | -16,500 | -227,200 | 10,100 |
Net settlement of interest rate derivatives | ||||||||||
- | - | - | - | - | - | - | - | -47,400 | - | - |
Net proceeds from stock-based compensation transactions | ||||||||||
192,000 | 182,000 | 141,000 | 85,000 | 101,000 | 84,800 | 91,100 | 90,800 | 156,100 | 205,000 | 109,600 |
Excess tax benefits from stock-based compensation arrangements | ||||||||||
- | - | 45,000 | 23,000 | 48,000 | 40,200 | 53,900 | 57,800 | 49,700 | 10,800 | 1,400 |
Payments to acquire treasury stock | ||||||||||
1,555,000 | 759,000 | 413,000 | 890,000 | 983,000 | 667,200 | 387,700 | 592,700 | 396,600 | 266,700 | 62,600 |
Payments of contingent consideration | ||||||||||
23,000 | 35,000 | - | - | - | - | - | - | - | - | - |
Dividends paid to stockholders | ||||||||||
609,000 | 546,000 | 486,000 | 423,000 | 350,000 | 301,800 | 419,200 | 204,000 | 148,000 | 109,100 | 108,400 |
Payments to noncontrolling interest holders for dividends | ||||||||||
6,000 | 4,000 | 3,000 | 4,000 | 6,000 | 6,200 | 4,200 | 4,500 | 5,600 | 11,400 | 8,300 |
Net cash flows provided by (used for) financing activities | ||||||||||
-2,173,000 | -1,172,000 | 630,000 | -605,000 | -895,000 | -856,900 | -611,500 | -585,100 | -313,100 | -406,100 | 125,800 |
Effect of exchange rate changes on Cash and cash equivalents | ||||||||||
-11,000 | 13,000 | 6,000 | -22,000 | -40,000 | -33,300 | -1,300 | -18,600 | 25,300 | -13,000 | -19,500 |
Net increase in Cash and cash equivalents | ||||||||||
806,000 | 1,045,000 | 222,000 | -107,000 | -608,000 | 133,400 | 148,000 | 94,700 | 132,300 | 256,200 | 462,800 |