| Jun'19 | Jun'18 | Jul'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net earnings (loss) | |||||||||||
1,674,271 | 1,430,766 | 1,142,503 | 949,622 | 686,773 | 931,533 | 992,427 | 1,121,585 | 1,152,030 | 1,179,983 | 1,055,948 | 1,106,151 |
Adjustments to reconcile net earnings to cash provided by operating activities: | |||||||||||
Share-based compensation expense | |||||||||||
104,900 | 93,800 | 83,900 | 79,466 | 73,766 | 74,300 | 70,147 | 70,319 | 59,235 | 66,358 | 56,030 | 80,650 |
Depreciation and amortization | |||||||||||
763,935 | 765,498 | 901,992 | 662,710 | 553,021 | 547,776 | 510,061 | 416,943 | 402,588 | 389,976 | 382,339 | 372,529 |
Amortization of debt issuance and other debt-related costs | |||||||||||
21,382 | 28,474 | 31,852 | 45,137 | 27,943 | 8,286 | 2,487 | - | - | - | - | - |
Gain (Loss) on Disposition of Business | |||||||||||
66,309 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Loss on extinguishment of debt | |||||||||||
0 | -53,100 | 0 | -86,460 | 0 | 0 | - | - | - | - | - | - |
Loss on foreign exchange remeasurement | |||||||||||
- | - | - | -101,228 | 0 | 0 | - | - | - | - | - | - |
Deferred income taxes | |||||||||||
126,719 | -187,908 | 51,846 | -93,871 | 4,705 | 30,665 | 28,129 | 177,906 | 165,239 | -121,865 | -294,162 | 643,480 |
Provision for losses on receivables | |||||||||||
62,946 | 21,448 | 20,672 | 20,372 | 17,996 | 34,429 | 35,243 | 33,359 | 42,623 | 34,931 | 74,638 | 32,184 |
Other non-cash items | |||||||||||
3,172 | -3,986 | -6,704 | -23,347 | 24,205 | -2,875 | -2,485 | 958 | 9,454 | -2,550 | 3,586 | -2,747 |
Additional changes in certain assets and liabilities, net of effect of businesses acquired: | |||||||||||
Decrease (increase) in receivables | |||||||||||
203,458 | 37,457 | -20,452 | 27,311 | 11,741 | 236,320 | 193,755 | 106,834 | 252,641 | 166,426 | -188,748 | -128,017 |
(Increase) in inventories | |||||||||||
114,667 | 89,737 | 113,647 | -66,937 | 125,232 | 195,845 | 180,277 | 99,218 | 254,738 | 106,172 | -177,590 | -110,925 |
(Increase) in prepaid expenses and other current assets | |||||||||||
18,535 | 19,643 | -8,158 | 8,468 | 10,508 | 24,787 | -21,704 | 6,478 | -341 | 6,271 | 678 | 59,896 |
(Decrease) increase in accounts payable | |||||||||||
246,420 | 76,897 | 322,775 | 23,863 | 72,516 | 392,720 | 204,861 | 32,893 | 187,410 | 154,811 | -198,284 | 28,671 |
(Decrease) increase in accrued expenses | |||||||||||
137,517 | 47,105 | -4,476 | -157,600 | 464,403 | 55,838 | 67,015 | 37,821 | -43,348 | 58,002 | -120,314 | -22,721 |
(Decrease) in accrued income taxes | |||||||||||
4,929 | -10,652 | -74,590 | 231,542 | -32,843 | -18,672 | -38,017 | 71,251 | -44,202 | -296,475 | 325,482 | -509,783 |
Decrease (increase) in other assets | |||||||||||
21,346 | 81,104 | 43,236 | 6,639 | 10,745 | -23,552 | -182 | -56,538 | 45,866 | 31,514 | 15,701 | 11,926 |
Increase (decrease) in other long-term liabilities | |||||||||||
-50,891 | -315,054 | -18,629 | -196,190 | -105,501 | -63,753 | 49,716 | -45,120 | 63,208 | -271,692 | -48,380 | 13,459 |
Excess tax benefits from share-based compensation arrangements | |||||||||||
- | - | - | - | 15,454 | 8,480 | 4,556 | 15 | 429 | 768 | 2,921 | 4,404 |
Net cash provided by operating activities | |||||||||||
2,411,207 | 2,155,380 | 2,232,567 | 1,988,347 | 1,555,484 | 1,492,815 | 1,511,594 | 1,404,180 | 1,091,518 | 885,428 | 1,576,749 | 1,570,349 |
Cash flows from investing activities: | |||||||||||
Additions to plant and equipment | |||||||||||
692,391 | 687,815 | 686,378 | 527,346 | 542,830 | 523,206 | 511,862 | 784,501 | 636,442 | 594,604 | 464,561 | 515,963 |
Proceeds from sales of plant and equipment | |||||||||||
20,941 | 22,255 | 23,715 | 23,511 | 24,472 | 25,790 | 15,527 | 8,185 | 19,069 | 21,710 | 25,244 | 13,320 |
Acquisition of businesses, net of cash acquired | |||||||||||
106,600 | 248,105 | 2,921,798 | 219,218 | 115,862 | 79,338 | 397,447 | 110,601 | 101,148 | 29,293 | 218,075 | 55,259 |
Proceeds from sale of business | |||||||||||
149,879 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Purchase of marketable securities | |||||||||||
116,440 | 0 | 0 | - | - | - | - | - | - | 85,071 | 0 | 0 |
Other investing activities | |||||||||||
-1,772 | -3,252 | -6,787 | - | - | - | - | - | - | - | - | - |
Maturities of short-term investments | |||||||||||
- | - | - | - | - | - | - | - | 24,993 | 61,568 | 0 | 0 |
Decrease (increase) in restricted cash | |||||||||||
- | - | - | - | 20,126 | 84 | 18,100 | 16,712 | -13,972 | 30,630 | 1,271 | -2,342 |
Purchase of foreign currency options | |||||||||||
- | - | - | 103,501 | 0 | 0 | - | - | - | - | - | - |
Proceeds from sale of foreign currency options | |||||||||||
- | - | - | 57,452 | 0 | 0 | - | - | - | - | - | - |
Net cash used for investing activities | |||||||||||
-742,855 | -910,413 | -3,577,674 | -769,102 | -654,346 | -576,838 | -911,882 | -903,629 | -679,556 | -656,320 | -658,663 | -555,560 |
Cash flows from financing activities: | |||||||||||
Bank and commercial paper borrowings, net | |||||||||||
132,100 | -119,700 | 119,700 | 0 | -129,999 | 34,499 | 95,500 | -181,975 | 181,975 | 0 | 0 | -550,726 |
Other debt borrowings | |||||||||||
388,180 | 1,000,599 | 753,834 | 5,134,709 | 5,041,032 | 36,830 | 61,467 | 744,597 | 4,411 | 7,091 | 506,611 | 757,972 |
Other debt repayments | |||||||||||
790,250 | 552,036 | 143,664 | 126,797 | 354,007 | 229,507 | 294,514 | 205,638 | 8,732 | 10,695 | 10,173 | 7,628 |
Tender and redemption premiums for senior notes | |||||||||||
0 | 281,762 | 0 | 0 | - | - | - | - | - | - | - | - |
Redemption of senior notes | |||||||||||
- | - | - | 5,050,000 | 0 | 0 | - | - | - | - | - | - |
Debt issuance costs | |||||||||||
- | - | - | - | 30,980 | 22,175 | 0 | 4,641 | 7 | 7 | 3,693 | 4,192 |
Cash paid for settlement of cash flow hedge | |||||||||||
- | - | - | - | 0 | 0 | - | - | - | - | - | - |
Cash received (paid) from termination of interest rate swap agreements | |||||||||||
- | - | - | - | 188,840 | 0 | 0 | - | - | - | - | - |
Cash received from termination of interest rate swap agreements | |||||||||||
- | - | - | - | - | - | - | 722 | 0 | 0 | - | - |
Proceeds from stock option exercises | |||||||||||
253,135 | 268,751 | 204,805 | 282,455 | 240,176 | 255,613 | 628,652 | 99,439 | 332,688 | 94,750 | 111,780 | 128,238 |
Treasury stock purchases | |||||||||||
1,022,033 | 978,901 | 1,886,121 | 1,949,445 | 0 | 332,381 | 721,616 | 272,299 | 291,600 | 179,174 | 438,843 | 529,179 |
Dividends paid | |||||||||||
775,430 | 722,158 | 698,647 | 698,869 | 695,274 | 667,217 | 648,253 | 622,869 | 597,071 | 579,763 | 548,246 | 497,467 |
Other financing activities | |||||||||||
-22,976 | -25,262 | -32,494 | -51,989 | - | - | - | - | - | - | - | - |
Excess tax benefits from share-based compensation arrangements | |||||||||||
- | - | - | - | 15,454 | 8,480 | 4,556 | 15 | 429 | 768 | 2,921 | 4,404 |
Net cash provided by (used for) for financing activities | |||||||||||
-1,837,274 | -1,410,469 | -1,682,587 | -2,459,936 | 3,897,562 | -915,858 | -874,208 | -442,649 | -377,907 | -667,030 | -379,643 | -698,578 |
Effect of exchange rates on cash, cash equivalents and restricted cash | |||||||||||
-14,677 | 11,844 | -22,104 | -138,327 | -81,702 | 642 | -2,086 | -8,800 | 20,267 | 4,714 | 334 | -643 |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||||
-183,599 | -153,658 | -3,049,798 | -1,379,018 | 4,716,998 | 761 | -276,582 | 49,102 | 54,322 | -433,208 | 538,777 | 315,568 |
Supplemental disclosures of cash flow information: | |||||||||||
Cash paid during the period for: | |||||||||||
Interest | |||||||||||
346,670 | 301,672 | 285,025 | 200,174 | 192,939 | 128,861 | 131,665 | 114,067 | 119,050 | 127,411 | 108,608 | 98,330 |
Income taxes | |||||||||||
531,103 | 268,384 | 761,384 | 180,565 | 376,508 | 591,334 | 620,132 | 772,493 | 907,720 | 1,141,963 | 735,772 | 530,169 |