v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2025
USD ($)
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 722,330 $ 439,916 $ 306,334
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 29,221 90,442 87,247
Provision for credit losses   57,523 56,042
Deferred taxes   3,044 (12,503)
Stock-based compensation   22,177 25,420
Changes in assets and liabilities, net of acquisitions:      
Receivables   (289,209) (335,605)
Prepaid expenses, other current and noncurrent assets   (17,548) (7,504)
Accounts payable, accrued expenses, salaries, wages and payroll taxes   340,925 240,246
Deferred revenue, other current and noncurrent liabilities   41,186 20,684
Income tax receivables, accrued income taxes and income tax reserves   (99,767) 50,049
Other, net   (1,972) (1,088)
Net cash provided by operating activities   586,717 429,322
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures   (67,144) (71,784)
Payments made for business acquisitions, net of cash acquired   (55,047) (35,323)
Franchise loans funded   (18,201) (21,455)
Payments from franchisees   16,503 11,478
Other, net   1,329 6,194
Net cash used in investing activities   (122,560) (110,890)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of Long-Term Lines of Credit   (2,375,000) (1,950,000)
Proceeds from Long-Term Lines of Credit   2,375,000 1,950,000
Repayments of senior debt 0 350,000  
Proceeds from issuance of long-term debt 0 346,980  
Dividends paid   (157,766) (147,136)
Repurchase of common stock, including shares surrendered   (412,686) (436,516)
Other, net   (6,009) (11,854)
Net cash used in financing activities   (579,481) (595,506)
Effects of exchange rate changes on cash   (1,070) (8,429)
Net decrease in cash and cash equivalents, including restricted balances   (116,394) (285,503)
Cash, cash equivalents and restricted cash, beginning of period   1,003,139 1,075,193
Cash, cash equivalents and restricted cash, end of period 789,690 886,745 789,690
SUPPLEMENTARY CASH FLOW DATA:      
Income taxes paid, net (includes payments for purchased investment tax credits) 65,505 135,460  
Interest paid on borrowings 63,251 76,480  
Accrued additions to property and equipment 2,448 2,020  
New operating right of use assets and related lease liabilities 135,372 182,343  
Accrued dividends payable to common shareholders $ 50,194 $ 53,239 $ 50,194