v3.24.4
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,647,177 $ 1,333,129
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 176,622 170,618
Amortization 278,247 297,547
Stock incentive plan compensation 106,472 108,061
Deferred income taxes 50,150 (81,592)
Foreign currency transaction loss (gain) 5,203 (15,932)
(Gain) loss on property, plant and equipment and intangible assets (6,975) 5,097
Gain on sale of businesses (250,373) (25,964)
Other, net 6,231 11,193
Changes in assets and liabilities, net of effect of acquisitions and divestitures:    
Accounts receivable, net 362,306 213,436
Inventories (138,280) (170,032)
Prepaid expenses 3,352 15,779
Other current assets (4,524) 1,865
Other assets (52,803) (65,395)
Accounts payable, trade (153,045) (86,208)
Accrued payrolls and other compensation (145,422) (180,888)
Accrued domestic and foreign taxes 11,417 (76,294)
Other accrued liabilities (158,832) 3,132
Pensions and other postretirement benefits (16,601) (64,493)
Other liabilities (41,589) (41,072)
Net cash provided by operating activities 1,678,733 1,351,987
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (216,493) (204,117)
Proceeds from sale of property, plant and equipment 13,259 1,360
Proceeds from sale of businesses 622,182 74,595
Other, net (6,941) (2,954)
Net cash provided by (used in) investing activities 412,007 (131,116)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 2,636 1,928
Payments for common shares (192,317) (138,322)
Acquisition of noncontrolling interests 0 (2,883)
Payments for notes payable, net (505,447) (584,207)
Proceeds from long-term borrowings 11,839 11,839
Payments for long-term borrowings (1,000,876) (212,479)
Dividends paid (420,061) (381,115)
Net cash used in financing activities (2,104,226) (1,305,239)
Effect of exchange rate changes on cash (13,034) (7,999)
Net decrease in cash and cash equivalents (26,520) (92,367)
Cash and cash equivalents at beginning of year 422,027 475,182
Cash and cash equivalents at end of period $ 395,507 $ 382,815

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