| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||
Net income | |||||||||||
949,000 | 699,000 | 543,000 | 324,000 | 334,000 | 534,000 | 109,000 | 27,800 | 587,100 | 561,600 | -124,600 | 444,200 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Amortization of acquisition-related intangibles | |||||||||||
- | - | - | 132,000 | 11,000 | 0 | - | - | - | - | - | - |
Depreciation and amortization | |||||||||||
258,000 | 259,000 | 311,000 | 229,000 | 233,000 | 204,000 | 221,000 | 260,300 | 212,000 | 165,700 | 177,700 | 172,200 |
Purchased in-process research and development write-off | |||||||||||
- | - | - | - | - | - | - | - | - | - | 7,000 | 1,400 |
Share-based compensation | |||||||||||
141,000 | 82,000 | 42,000 | 39,000 | 37,000 | 35,000 | 33,000 | 34,700 | 46,100 | 35,300 | 41,900 | 38,200 |
Qualified pension plan contributions | |||||||||||
1,000 | 301,000 | 589,000 | 174,000 | 1,000 | 0 | - | - | - | - | - | - |
Pension and other postretirement benefit plan income | |||||||||||
-150,000 | -144,000 | -105,000 | - | - | - | - | - | - | - | - | - |
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment | |||||||||||
0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Impairment of goodwill and other assets | |||||||||||
0 | 0 | 240,000 | 367,000 | 46,000 | 0 | 48,000 | 0 | 0 | - | - | - |
Noncontrolling interest in discontinued operations, net of income taxes | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 7,200 |
Gain on sale of CapRock commercial business | |||||||||||
- | - | - | - | - | - | -32,000 | 0 | 0 | - | -62,600 | - |
Pension income | |||||||||||
- | - | - | -26,000 | -1,000 | 0 | - | - | - | - | - | - |
Net liability reduction for certain post-employment benefit plans | |||||||||||
- | - | - | -101,000 | 0 | 0 | - | - | - | - | - | - |
Settlement of Exelis Inc. excess pension plan | |||||||||||
- | - | - | -244,000 | 0 | - | - | - | - | - | - | - |
Gain (Loss) on Disposition of Business | |||||||||||
0 | 0 | -14,000 | 10,000 | 9,000 | - | - | - | - | - | - | - |
Impairment of assets of discontinued operations | |||||||||||
- | - | - | - | - | - | 331,000 | 585,600 | 0 | 0 | - | - |
Gain on sale of securities available-for-sale | |||||||||||
- | - | - | - | - | - | 9,000 | 0 | 0 | - | - | 9,800 |
Gain on sale of businesses, net | |||||||||||
- | - | - | - | - | 0 | 0 | - | - | - | - | - |
Non-current deferred income taxes | |||||||||||
- | - | - | - | - | - | -50,000 | -55,800 | 37,100 | -6,500 | -47,200 | -4,700 |
Adjustment to loss on sales of businesses, net | |||||||||||
0 | 0 | 0 | -20,000 | 0 | 0 | - | - | - | - | - | - |
Loss on extinguishment of debt | |||||||||||
0 | -24,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||||
-44,000 | -320,000 | -86,000 | - | - | - | - | - | - | - | - | - |
Gain on AuthenTec, Inc. warrants | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -5,600 |
Write-off of capitalized software | |||||||||||
- | - | - | - | - | - | -18,000 | 0 | 0 | - | - | - |
Loss on prepayment of long-term debt | |||||||||||
- | - | - | - | -118,000 | 0 | -33,000 | 0 | 0 | - | - | - |
(Increase) decrease in: | |||||||||||
Accounts receivable | |||||||||||
9,000 | 101,000 | -24,000 | -192,000 | 17,000 | -116,000 | -78,000 | 15,200 | 42,900 | -40,000 | -32,700 | 105,700 |
Contract assets | |||||||||||
25,000 | 76,000 | -156,000 | - | - | - | - | - | - | - | - | - |
Impairment of securities available-for-sale | |||||||||||
- | - | - | - | - | - | - | - | - | - | 7,600 | - |
Impairment Of Goodwill And Other Long Lived Assets Including Discontinued Operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | 556,500 | - |
Inventories | |||||||||||
1,000 | 19,000 | 32,000 | 28,000 | -20,000 | -50,000 | 54,000 | 25,200 | 64,700 | 13,900 | 68,300 | 51,300 |
Increase (decrease) in: | |||||||||||
Accounts payable | |||||||||||
-84,000 | 82,000 | 18,000 | -10,000 | 68,000 | -50,000 | -46,000 | -33,800 | 90,500 | -51,800 | 72,100 | 65,300 |
Contract liabilities | |||||||||||
124,000 | 81,000 | -31,000 | - | - | - | - | - | - | - | - | - |
Compensation and benefits | |||||||||||
19,000 | 2,000 | -37,000 | - | - | - | - | - | - | - | - | - |
Advance payments and unearned income | |||||||||||
- | - | - | -96,000 | -48,000 | -42,000 | 82,000 | 23,800 | 47,600 | 53,000 | -17,200 | 17,900 |
Income taxes | |||||||||||
-23,000 | -117,000 | 26,000 | 199,000 | -2,000 | 49,000 | -3,000 | 51,700 | -64,600 | 800 | -41,300 | -6,600 |
Other accrued items | |||||||||||
-78,000 | -38,000 | -76,000 | - | - | - | - | - | - | - | - | - |
Other | |||||||||||
-21,000 | 2,000 | 21,000 | -111,000 | -65,000 | 47,000 | -10,000 | 1,000 | 15,100 | -18,500 | -7,300 | -7,200 |
Net cash provided by operating activities | |||||||||||
1,185,000 | 751,000 | 569,000 | 924,000 | 854,000 | 849,000 | 833,000 | 852,900 | 833,100 | 802,700 | 666,800 | 555,500 |
Investing Activities | |||||||||||
Net cash acquired in L3Harris Merger | |||||||||||
0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Net cash paid for acquired businesses | |||||||||||
- | - | - | - | 3,186,000 | 0 | 0 | 14,100 | 1,082,600 | 52,100 | 745,300 | 19,400 |
Cash paid for fixed income securities | |||||||||||
- | - | - | 19,000 | 0 | 0 | - | - | - | - | - | - |
Cash paid for intangible assets | |||||||||||
- | - | - | - | - | 3,000 | 0 | 0 | - | - | - | - |
Cash paid for cost-method investment | |||||||||||
- | - | - | - | - | - | 1,000 | 1,000 | 10,000 | 0 | - | - |
Net additions of property, plant and equipment | |||||||||||
161,000 | 136,000 | 119,000 | 152,000 | 148,000 | 201,000 | 165,000 | 209,900 | 311,300 | 189,900 | 108,900 | 129,300 |
Additions of capitalized software | |||||||||||
- | - | - | - | - | - | -13,000 | -23,900 | -13,600 | -8,100 | -12,900 | -16,900 |
Proceeds from sale of property, plant and equipment | |||||||||||
- | - | - | - | - | - | 0 | 0 | - | - | - | - |
Net additions of property, plant and equipment | |||||||||||
- | - | - | - | - | 0 | 0 | - | - | - | - | - |
Proceeds from sales of businesses, net | |||||||||||
0 | 0 | 1,014,000 | 181,000 | 50,000 | 42,000 | 147,000 | 0 | 0 | - | - | - |
Adjustment to proceeds from sale of business | |||||||||||
0 | 2,000 | 25,000 | 11,000 | 0 | 0 | - | - | - | - | - | - |
Proceeds from sale of asset group | |||||||||||
0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Other investing activities | |||||||||||
-2,000 | 3,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of securities available-for-sale | |||||||||||
- | - | - | - | - | - | 12,000 | 0 | 0 | - | 3,700 | 26,600 |
Cash paid for short-term investments available-for-sale | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,200 | 9,300 |
Proceeds from the sale of securities available-for-sale | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 13,700 |
Net cash used in investing activities | |||||||||||
-159,000 | -141,000 | 870,000 | -1,000 | -3,284,000 | -162,000 | -20,000 | -248,900 | -1,417,500 | -250,100 | -864,600 | -134,600 |
Financing Activities | |||||||||||
Net proceeds from borrowings | |||||||||||
27,000 | 1,387,000 | 85,000 | 61,000 | 3,683,000 | 34,000 | 18,000 | 9,400 | 852,100 | 0 | 531,800 | 460,500 |
Repayments of borrowings | |||||||||||
308,000 | 1,658,000 | 584,000 | 730,000 | 954,000 | 134,000 | 364,000 | 34,300 | 700 | 76,800 | 81,400 | 599,400 |
Payment of contingent consideration | |||||||||||
- | - | - | - | - | - | 12,000 | 0 | 0 | - | - | - |
Payment of treasury lock | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -8,800 |
Proceeds from exercises of employee stock options | |||||||||||
50,000 | 34,000 | 54,000 | 44,000 | 47,000 | 141,000 | 98,000 | 28,200 | 24,500 | 18,900 | 5,600 | 45,200 |
Repurchases of common stock | |||||||||||
200,000 | 272,000 | 710,000 | 0 | 150,000 | 300,000 | 415,000 | 473,500 | 256,100 | 208,000 | 132,300 | 234,600 |
Cash dividends | |||||||||||
325,000 | 272,000 | 262,000 | 252,000 | 198,000 | 180,000 | 165,000 | 139,600 | 127,000 | 115,000 | 106,600 | 81,500 |
Distributions to noncontrolling interests | |||||||||||
0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Tax withholding payments associated with vested share-based awards | |||||||||||
24,000 | 17,000 | 21,000 | - | - | - | - | - | - | - | - | - |
Other financing activities | |||||||||||
-1,000 | -7,000 | 0 | -16,000 | -55,000 | -9,000 | - | - | - | - | - | - |
Cash decrease related to spin-off of Harris Stratex Networks, Inc. | |||||||||||
- | - | - | - | - | - | - | - | - | - | 100,000 | 0 |
Net cash used in financing activities | |||||||||||
-781,000 | -805,000 | -1,438,000 | -893,000 | 2,373,000 | -448,000 | -840,000 | -609,800 | 492,800 | -380,900 | 117,100 | -418,600 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-3,000 | -1,000 | -4,000 | -24,000 | -23,000 | 1,000 | -8,000 | -5,100 | 3,300 | 2,300 | -8,100 | -600 |
Net decrease in cash and cash equivalents | |||||||||||
242,000 | -196,000 | -3,000 | 6,000 | -80,000 | 240,000 | -35,000 | -10,900 | -88,300 | 174,000 | -88,800 | 1,700 |
Less cash and cash equivalents of discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -95,500 |
Cash and cash equivalents of continuing operations, end of year | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 274,500 |
Common stock issued in exchange for 3.5% convertible debentures, due fiscal 2023 | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 163,500 |
Distribution of Harris Stratex Networks, Inc. common stock owned by Harris Corporation to Harris Corporation Shareholders | |||||||||||
- | - | - | - | - | - | - | - | - | - | 173,100 | - |