v3.23.2
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities      
Net Income $ 2,083,536 $ 1,316,186 [1] $ 1,746,861 [1]
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 317,416 257,314 269,943
Amortization 500,713 314,450 325,447
Stock incentive plan compensation 142,720 137,093 121,483
Deferred income taxes 91,865 (351,201) (51,500)
Foreign currency transaction loss (gain) 45,647 (39,987) (10,948)
Loss (gain) on disposal of property, plant and equipment 3,819 (5,727) (109,332)
Gain on sale of businesses (366,345) (1,394) 0
Gain on investments (4,690) (3,972) (12,616)
(Gain) loss on marketable securities (1,486) 5,131 (11,570)
Other 25,524 70,443 14,424
Changes in assets and liabilities, net of effects from acquisitions and divestitures:      
Accounts receivable, net (16,675) (179,126) (298,511)
Inventories 53,124 (212,134) (85,597)
Prepaid expenses and other 1,550 37,630 (25,508)
Other assets (109,032) (11,167) (8,779)
Accounts payable, trade 91,551 131,384 526,781
Accrued payrolls and other compensation 87,375 (15,524) 72,412
Accrued domestic and foreign taxes 102,476 32,514 36,552
Other accrued liabilities 112,822 999,831 11,397
Pensions and other postretirement benefits (109,481) 1,822 17,875
Other liabilities (72,499) (41,836) 46,187
Net cash provided by operating activities 2,979,930 2,441,730 2,575,001
Cash Flows From Investing Activities      
Acquisitions (net of cash acquired of $89,704 in 2023) (7,146,110) 0 0
Capital expenditures (380,747) (230,044) (209,957)
Proceeds from sale of property, plant and equipment 13,244 39,353 140,590
Proceeds from sale of businesses 473,207 3,366 0
Purchase of marketable securities and other investments (37,791) (27,895) (34,809)
Maturities and sales of marketable securities and other investments 56,786 31,809 79,419
Payments of deal-contingent forward contracts (1,405,418) 0 0
Other 250,017 (235,426) 24,744
Net cash used in investing activities (8,176,812) (418,837) (13)
Cash Flows From Financing Activities      
Proceeds from exercise of stock options 3,476 2,831 4,684
Payments for common shares (297,323) (460,056) (218,818)
Proceeds from (payments of) notes payable, net 357,636 1,422,026 (723,496)
Proceeds from long-term borrowings 2,023,400 3,598,056 1,213
Payments for long-term borrowings (2,340,566) (18,737) (1,211,748)
Financing fees paid (13,605) (58,629) 0
Dividends paid (704,054) (569,855) (475,174)
Net cash (used in) provided by financing activities (971,036) 3,915,636 (2,623,339)
Effect of exchange rate changes on cash (4,776) (23,770) 95,954
Net (decrease) increase in cash and cash equivalents and restricted cash (6,172,694) 5,914,759 47,603
Cash, cash equivalents and restricted cash at beginning of year 6,647,876 733,117 685,514
Cash, cash equivalents and restricted cash at end of year 475,182 6,647,876 733,117
Cash paid during the year for:      
Interest 464,701 240,313 236,979
Income taxes $ 411,440 $ 549,223 $ 485,885
[1] Years ended June 30,2022 and 2021 amounts have been reclassified to reflect the income statement reclassification, as described in Note 1 to the Consolidated Financial Statements.

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