| 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 income | ||||||||||
404,592 | 315,588 | 342,284 | 352,409 | 352,886 | 345,273 | 307,133 | 254,850 | 226,986 | 190,085 | 146,448 |
Adjustment to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
150,795 | 119,960 | 112,157 | 86,849 | 73,056 | 73,454 | 78,280 | 85,856 | 70,616 | 61,563 | 53,963 |
Stock-based compensation costs | ||||||||||
52,073 | 48,412 | 45,925 | 46,408 | 47,855 | 43,457 | 38,157 | 30,586 | 30,809 | 29,734 | 25,515 |
Loss attributable to equity method investments (note 5) | ||||||||||
-15,833 | - | - | - | - | - | - | - | - | - | - |
Impairment of long lived assets | ||||||||||
- | - | - | 2,815 | 0 | - | - | - | 2,257 | 0 | 0 |
Impairment of equity investments (note 5) | ||||||||||
15,007 | 11,593 | 1,955 | 750 | - | - | 475 | 4,016 | - | 250 | 1,306 |
Gain on previously held equity interest (note 13) | ||||||||||
1,909 | - | - | - | - | - | - | - | - | - | - |
Changes in fair value of business combination contingent consideration | ||||||||||
-286 | 411 | 10,076 | -2,986 | -132 | -6,283 | -1,827 | -1,571 | - | - | - |
Payment of business combination contingent consideration | ||||||||||
- | - | 8,460 | - | - | - | - | - | - | - | - |
Gain on disposal of business | ||||||||||
- | - | - | - | 709 | - | - | - | - | - | - |
Provision for warranties | ||||||||||
- | - | - | - | - | - | - | - | - | 3,197 | 2,219 |
Deferred income taxes | ||||||||||
- | - | - | - | - | - | - | - | - | 3,323 | -26,658 |
Foreign currency revaluation | ||||||||||
- | - | - | - | - | - | - | 13,652 | 17,261 | 7,287 | -16,829 |
Gain on previously held equity interest resulting from business combination | ||||||||||
- | - | - | - | - | - | - | 2,070 | - | 0 | - |
Excess tax benefit from stock-based compensation arrangements | ||||||||||
- | - | - | - | 24,959 | 16,335 | 18,307 | 8,748 | 14,510 | 13,169 | 3,870 |
Changes in operating assets and liabilities, net of effect of acquisitions: | ||||||||||
Accounts receivable | ||||||||||
18,013 | 32,356 | 63,604 | 27,307 | 28,259 | 35,108 | 37,267 | 20,293 | 30,799 | 24,742 | 32,897 |
Inventories | ||||||||||
84,188 | -1,494 | 41,599 | -30,492 | 99,524 | 15,851 | -27,143 | -18,806 | -11,394 | 32,272 | 16,141 |
Prepaid expenses, net deferred income taxes and other current assets | ||||||||||
47,575 | 160,726 | 19,257 | -12,121 | 22,849 | -5,814 | 28,678 | 37,938 | -12,034 | 16,012 | -20,916 |
Accounts payable, accrued expenses and other | ||||||||||
-27,278 | 200,650 | 34,576 | 46,382 | 85,815 | -3,153 | 37,714 | 73,317 | -8,336 | -6,457 | 51,247 |
Net cash provided by operating activities | ||||||||||
459,051 | 505,026 | 414,053 | 547,933 | 383,180 | 391,268 | 402,823 | 383,159 | 283,190 | 188,213 | 238,877 |
Cash flows from investing activities: | ||||||||||
Purchases of property, plant and equipment | ||||||||||
68,710 | 62,581 | 62,219 | 58,534 | 62,502 | 72,722 | 63,579 | 47,135 | 66,609 | 56,855 | 109,692 |
Patent registration costs | ||||||||||
8,632 | 8,876 | 9,257 | 9,295 | 9,442 | 8,434 | 8,203 | 6,972 | 6,431 | 4,786 | 4,528 |
Proceeds from disposal of business assets and contracts | ||||||||||
- | - | - | - | - | - | - | - | - | 454 | 3,005 |
Purchases of other intangible assets | ||||||||||
- | - | - | - | - | - | - | 7,000 | - | 0 | - |
Business acquisitions, net of cash acquired (note 13) | ||||||||||
951,383 | 902 | 7,274 | 1,041,864 | 29,407 | 3,852 | 5,418 | 53,322 | 22,450 | 10,660 | 2,394 |
Purchases of investments (note 5) | ||||||||||
46,717 | 14,495 | 6,464 | 8,965 | 10,750 | 10,850 | 2,225 | 4,796 | 2,426 | 0 | 2,267 |
Proceeds from disposal of cost-method investments | ||||||||||
- | - | - | 468 | 937 | 0 | 0 | 499 | - | 0 | - |
Purchases of foreign currency contracts | ||||||||||
- | - | - | - | 700 | 1,477 | 1,117 | 1,464 | - | - | - |
Payments on maturity of foreign currency contracts | ||||||||||
264 | 14,970 | -3,324 | 7,564 | 31,207 | -2,348 | -2,542 | -18,575 | 19,411 | 14,211 | 8,863 |
Proceeds from disposal of property, plant and equipment | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,763 |
Capitalized interest | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,610 |
Proceeds from sale of maturing investment securities | ||||||||||
- | - | - | - | - | - | - | - | 3,950 | 1,050 | 0 |
Purchases of foreign currency options | ||||||||||
- | - | - | - | - | - | - | - | 1,956 | 1,725 | 2,439 |
Net cash used in investing activities | ||||||||||
-1,075,706 | -101,824 | -81,890 | -1,125,754 | -143,071 | -94,987 | -78,000 | -101,615 | -76,511 | -58,311 | -109,299 |
Cash flows from financing activities: | ||||||||||
Proceeds from issuance of common stock, net | ||||||||||
36,727 | 38,717 | 38,320 | 27,694 | 38,806 | 33,354 | 69,239 | 62,491 | 94,650 | 95,222 | 24,892 |
Taxes paid related to net share settlement of equity awards | ||||||||||
-28,104 | -15,385 | -8,159 | - | 24,959 | 16,335 | 18,307 | 8,748 | 14,510 | 13,169 | 3,870 |
Purchases of treasury stock | ||||||||||
22,844 | 53,801 | - | 102,058 | 160,300 | 202,169 | 186,258 | 392,743 | 163,342 | 131,082 | 68,593 |
Payments of business combination contingent consideration | ||||||||||
909 | 486 | 11,682 | 1,228 | 458 | 1,117 | 7,790 | - | - | - | - |
Proceeds from borrowings, net of borrowing costs | ||||||||||
1,519,230 | 350,000 | 450,000 | 1,140,000 | 180,000 | 557,834 | 150,000 | 270,384 | 98,430 | 0 | 80,137 |
Repayment of borrowings | ||||||||||
711,745 | 1,146,242 | 545,000 | 283,694 | 181,536 | 560,035 | 100,221 | 125,985 | 123,591 | 38,438 | 38,435 |
Dividend paid | ||||||||||
211,712 | 199,497 | 186,346 | 168,130 | 157,262 | 141,518 | 97,204 | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||
580,643 | -1,026,694 | -262,867 | 612,584 | -255,791 | -297,316 | -153,927 | -177,105 | -79,343 | -61,129 | 1,871 |
Effect of exchange rate changes on cash | ||||||||||
-5,561 | -9,742 | 21,205 | -20,578 | -172,799 | 30,717 | -104,389 | -30,165 | 119,155 | 4,353 | -36,877 |
Net increaase (decrease) in cash and cash equivalents | ||||||||||
-41,573 | -633,234 | 90,501 | 14,185 | -188,481 | 29,682 | 66,507 | 74,274 | 246,491 | 73,126 | 94,572 |
Supplemental disclosure of cash flow information: | ||||||||||
Income taxes paid, net of refunds | ||||||||||
242,860 | 170,653 | 92,901 | 68,966 | 48,533 | 90,183 | 85,724 | 55,206 | 85,104 | 96,674 | 16,926 |
Interest paid | ||||||||||
36,156 | 28,355 | 28,236 | 11,206 | 5,778 | 6,129 | 6,387 | 4,786 | 1,758 | 2,667 | 5,967 |
Fair value of assets acquired, excluding cash | ||||||||||
429,522 | 290 | 10,460 | 338,353 | 20,408 | 2,257 | 5,970 | 24,648 | - | 7,937 | -698 |
Liabilities assumed | ||||||||||
265,217 | - | 877 | 79,808 | 8,528 | 829 | 2,278 | 5,056 | - | 3,909 | -227 |
Goodwill on acquisition | ||||||||||
794,320 | 247 | -645 | 796,306 | 20,947 | 3,227 | 13,876 | 51,798 | - | 8,715 | 1,923 |
Deferred payments | ||||||||||
7,242 | -365 | 84 | -120 | 1,703 | 803 | - | - | - | - | - |
Fair value of contingent consideration | ||||||||||
- | - | 1,580 | 13,107 | 1,717 | - | 12,150 | 6,850 | - | 2,083 | 0 |
Total purchase price | ||||||||||
- | - | - | - | - | - | - | - | - | 10,660 | 2,394 |
Less: Consideration not paid in the current period | ||||||||||
- | - | - | - | - | - | - | 11,218 | - | 0 | - |
Less: Deposit paid in previous period | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Cash paid for acquisitions | ||||||||||
951,383 | 902 | 7,274 | 1,041,864 | 29,407 | 3,852 | 5,418 | 53,322 | - | 10,660 | 2,394 |
Total cash component of purchase price | ||||||||||
- | - | - | - | - | - | - | 64,540 | - | - | - |