| Jun'19 | Jun'18 | Jun'17 | May'16 | May'15 | May'14 | May'13 | May'12 | May'11 | May'10 | May'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||||||
Net earnings | ||||||||||
160,500 | 128,700 | 124,100 | 137,500 | 98,100 | -22,100 | 68,200 | 75,200 | 70,800 | 28,300 | 68,000 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||||
Restructuring and impairment expenses | ||||||||||
10,200 | 5,700 | 12,500 | 0 | 12,700 | - | - | - | - | - | - |
Depreciation and amortization | ||||||||||
65,900 | 60,900 | 52,900 | 47,000 | 44,200 | - | - | - | - | - | - |
Stock-based compensation | ||||||||||
7,300 | 7,700 | 8,700 | 11,900 | 10,000 | - | - | - | - | - | - |
Deferred income tax expense (benefit) | ||||||||||
- | - | - | - | -8,800 | - | - | - | - | - | - |
Payment for Pension and Other Postretirement Benefits | ||||||||||
900 | 13,400 | 1,100 | 1,200 | - | - | - | - | - | - | - |
Loss (gain) on sales of property and dealers | ||||||||||
-800 | 500 | 0 | 5,800 | 0 | - | - | - | - | - | - |
Deferred taxes | ||||||||||
800 | -800 | 14,800 | 10,400 | -8,800 | - | - | - | - | - | - |
Pension and post-retirement expenses | ||||||||||
1,200 | 2,900 | 500 | 1,400 | 800 | - | - | - | - | - | - |
Amortization expense | ||||||||||
6,200 | 6,000 | 6,000 | 6,000 | 5,600 | - | - | - | - | - | - |
Provision for losses on accounts receivable and notes receivable | ||||||||||
- | - | - | 2,200 | 1,800 | - | - | - | - | - | - |
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Annual Amount | ||||||||||
2,100 | 0 | 0 | - | - | - | - | - | - | - | - |
Earnings from nonconsolidated affiliates net of dividends received | ||||||||||
2,100 | 200 | 1,500 | 0 | -300 | - | - | - | - | - | - |
Excess tax benefits from stock-based compensation | ||||||||||
- | - | - | 1,400 | 700 | - | - | - | - | - | - |
Increase in non-current liabilities | ||||||||||
1,600 | 3,400 | 6,200 | 6,700 | -1,200 | - | - | - | - | - | - |
(Increase) decrease in accounts receivable & unbilled accounts receivable | ||||||||||
24,800 | 33,100 | -17,300 | 30,500 | -7,800 | - | - | - | - | - | - |
Increase in inventories | ||||||||||
31,900 | 12,400 | 29,900 | 6,000 | 9,000 | - | - | - | - | - | - |
Increase in prepaid expenses and other | ||||||||||
600 | 3,000 | 500 | 11,700 | 2,500 | - | - | - | - | - | - |
Increase (decrease) in accounts payable | ||||||||||
500 | 16,000 | -11,200 | 8,700 | 1,100 | - | - | - | - | - | - |
(Decrease) increase in accrued liabilities | ||||||||||
22,700 | -300 | 800 | 33,500 | 6,100 | - | - | - | - | - | - |
Other, net | ||||||||||
1,100 | -1,100 | 2,500 | 1,700 | 1,400 | - | - | - | - | - | - |
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities | ||||||||||
- | - | - | - | - | 112,200 | 68,300 | 14,900 | 18,200 | 70,400 | 23,700 |
Net Cash Provided by Operating Activities | ||||||||||
216,400 | 166,500 | 202,100 | 210,400 | 167,700 | 90,100 | 136,500 | 90,100 | 89,000 | 98,700 | 91,700 |
Cash Flows from Investing Activities: | ||||||||||
Net receipts (advances) from notes receivable | ||||||||||
-1,100 | 1,100 | -2,400 | -200 | 900 | - | - | - | - | - | 60,600 |
Notes receivable issued | ||||||||||
- | - | - | - | - | - | - | - | - | 6,500 | 60,300 |
Marketable securities purchases | ||||||||||
1,900 | 1,000 | 2,000 | 7,800 | 0 | 5,200 | 3,700 | 7,100 | 3,100 | 16,300 | 3,000 |
Marketable securities sales | ||||||||||
1,700 | 1,000 | 900 | 6,100 | 5,300 | 4,900 | 2,500 | 8,500 | 4,400 | 16,400 | 6,400 |
Capital expenditures | ||||||||||
85,800 | 70,600 | 87,300 | 85,100 | 63,600 | 40,800 | 50,200 | 28,500 | 30,500 | 22,300 | 25,300 |
Equity investment in non-controlled entities | ||||||||||
73,600 | 0 | 13,100 | 0 | 0 | - | - | - | - | - | - |
Acquisitions, net of cash received | ||||||||||
- | - | - | 3,600 | 154,000 | 6,700 | 157,500 | 47,100 | 0 | 46,100 | 29,500 |
Proceeds from sales of property and equipment | ||||||||||
- | - | - | - | - | - | - | - | 1,000 | 700 | 300 |
Proceeds from sales of property and dealers | ||||||||||
500 | 2,100 | 0 | 10,700 | 600 | 1,300 | 1,200 | 17,400 | 0 | 0 | 1,300 |
Payments of loans on cash surrender value of life insurance | ||||||||||
0 | 0 | 15,300 | 0 | 0 | - | - | - | - | 2,900 | 0 |
Proceeds from life insurance policy | ||||||||||
0 | 8,100 | 0 | 0 | - | - | - | - | - | - | - |
Payments to Acquire Intangible Assets | ||||||||||
4,800 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from loan on cash surrender value of life insurance | ||||||||||
- | - | - | - | - | - | - | - | - | - | 19,300 |
Other, net | ||||||||||
2,200 | 1,200 | 1,900 | 1,300 | 2,800 | 1,700 | 2,000 | 1,600 | 3,200 | 600 | -700 |
Net Cash Used in Investing Activities | ||||||||||
-165,000 | -62,700 | -116,300 | -80,800 | -213,600 | -48,200 | -209,700 | -58,400 | -31,400 | -77,600 | -29,500 |
Cash Flows from Financing Activities: | ||||||||||
Notes payable payments | ||||||||||
- | - | - | - | - | - | 2,400 | 0 | 0 | - | - |
Proceeds from notes payable | ||||||||||
- | - | - | - | - | - | 2,400 | 0 | 0 | - | - |
Proceeds from issuance of long-term debt | ||||||||||
- | - | - | - | - | 0 | 0 | - | 50,000 | 0 | 0 |
Repayments of long-term debt | ||||||||||
0 | 150,000 | 0 | 0 | 50,000 | 0 | 0 | - | 100,000 | 75,000 | 0 |
Proceeds from credit facility | ||||||||||
0 | 340,400 | 794,400 | 800,800 | 796,700 | - | - | - | - | - | - |
Repayments of credit facility | ||||||||||
0 | 115,400 | 816,400 | 868,800 | 706,700 | 0 | - | - | - | - | - |
Dividends paid | ||||||||||
45,600 | 42,400 | 39,400 | 34,900 | 33,300 | 30,300 | 19,100 | 5,200 | 5,000 | 4,900 | 19,200 |
Common stock issued | ||||||||||
12,300 | 17,000 | 11,700 | 9,200 | 7,800 | 20,800 | 7,200 | 6,400 | 8,600 | 2,500 | 3,400 |
Common stock repurchased and retired | ||||||||||
47,900 | 46,500 | 23,700 | 14,100 | 3,700 | 12,700 | 3,600 | 2,700 | 1,000 | 800 | 300 |
Excess tax benefits from stock-based compensation | ||||||||||
- | - | - | 1,400 | 700 | 1,100 | 300 | -100 | 100 | -500 | -300 |
Payment of contingent consideration obligation | ||||||||||
- | - | - | 0 | 0 | 1,300 | 800 | 0 | 3,000 | 0 | 0 |
Purchase of noncontrolling interests | ||||||||||
-10,100 | -1,000 | -1,500 | 0 | -5,800 | 0 | 0 | - | - | - | - |
Other, net | ||||||||||
-600 | 400 | 300 | -100 | 1,100 | 0 | 0 | - | 100 | -200 | -100 |
Net Cash Used in Financing Activities | ||||||||||
-91,900 | 2,500 | -74,600 | -106,500 | 6,800 | -22,400 | -16,000 | -1,600 | -50,200 | -78,900 | -16,500 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | ||||||||||
-4,200 | 1,400 | 100 | -1,900 | 1,300 | -700 | -300 | -100 | 4,300 | -700 | -8,200 |
Net Decrease in Cash and Cash Equivalents | ||||||||||
-44,700 | 107,700 | 11,300 | 21,200 | -37,800 | 18,800 | -89,500 | 30,000 | 11,700 | -58,500 | 37,500 |
Other Cash Flow Information | ||||||||||
Interest paid | ||||||||||
11,500 | 16,400 | 13,400 | 13,400 | 16,900 | 15,600 | 14,900 | 16,400 | 17,700 | 17,700 | - |
Income taxes paid, net of cash received | ||||||||||
41,000 | 34,200 | 35,600 | 57,600 | 48,500 | 34,500 | 37,700 | 19,700 | 20,300 | 14,600 | - |