Condensed Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions |
3 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Cash Flows from Operating Activities: |
|
|
| Net earnings |
$ 79.2
|
$ 61.2
|
| Adjustments to reconcile net earnings to cash flows provided by operating activities: |
|
|
| Depreciation and amortization |
17.1
|
14.0
|
| Deferred income taxes |
6.9
|
17.9
|
| Stock-based compensation expense |
9.8
|
5.8
|
| Other |
1.5
|
(4.9)
|
| Changes in operating assets and liabilities: |
|
|
| Increase in accounts receivable |
(6.8)
|
(21.6)
|
| Decrease (increase) in other assets |
10.0
|
(21.4)
|
| Decrease in accounts payable |
(5.0)
|
(1.9)
|
| Decrease in accrued expenses and other liabilities |
(25.9)
|
(43.9)
|
| Net cash flows provided by operating activities |
86.8
|
5.2
|
| Cash Flows from Investing Activities: |
|
|
| Capital expenditures |
(16.8)
|
(8.1)
|
| Capitalized software |
(2.1)
|
(1.1)
|
| Contributions to investments |
0.0
|
(6.7)
|
| Proceeds from investments |
2.0
|
0.0
|
| Net cash flows used in investing activities |
(16.9)
|
(15.9)
|
| Cash Flows from Financing Activities: |
|
|
| Repayments of long-term debt and capital lease obligations |
(6.6)
|
(3.3)
|
| Dividends paid to stockholders |
(20.2)
|
(19.2)
|
| Repurchases of common stock |
0.0
|
(11.0)
|
| Proceeds from exercises of stock options |
1.1
|
1.5
|
| Excess tax benefit from stock-based compensation awards |
0.0
|
5.9
|
| Withholding tax payments for stock-based compensation awards |
(10.3)
|
(8.4)
|
| Dividend payments of CVR to noncontrolling owners |
(3.0)
|
0.0
|
| Acquisition-related payments |
(4.8)
|
0.0
|
| Recovery of dividends paid (Note 1E) |
0.0
|
0.4
|
| Net cash flows used in financing activities |
(43.8)
|
(34.1)
|
| Effect of exchange rate changes on cash and cash equivalents |
0.4
|
(3.8)
|
| Net change in cash and cash equivalents |
26.5
|
(48.6)
|
| Cash and cash equivalents, beginning of period |
219.1
|
408.2
|
| Cash and cash equivalents, end of period |
245.6
|
359.6
|
| Cash paid for: |
|
|
| Income taxes and foreign withholding taxes, net of refunds |
8.7
|
37.4
|
| Interest |
2.4
|
1.0
|
| Non-cash settlement of common stock |
$ 56.9
|
$ 0.0
|