XML 19 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 25, 2016
Sep. 27, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 263,835 $ 288,679
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 74,562 70,590
Deferred income taxes 7,633 (5,563)
Equity-based compensation expense 38,595 35,774
Income tax benefit on equity-based compensation plans 0 3,545
Excess tax benefit on equity-based compensation plans 0 (3,572)
Amortization of note discounts and issuance costs 6,830 9,831
Other, net 16,807 10,011
Changes in operating assets and liabilities 64,962 39,702
Net cash provided by operating activities 473,224 448,997
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and intangible assets (41,979) (49,454)
Purchases of available-for-sale securities (38,149) (358,854)
Sales and maturities of available-for-sale securities 469,899 330,651
Transfer of restricted cash and investments (5,219) 0
Other, net (7,800) (1,500)
Net cash provided by (used for) investing activities 376,752 (79,157)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on long-term debt and capital lease obligations and payments for debt issuance costs (371) (96)
Proceeds from issuance of long-term debt, net of issuance costs 0 0
Excess tax benefit on equity-based compensation plans 0 3,572
Treasury stock purchases (1,854) (98,385)
Dividends paid (48,052) (47,659)
Reissuance of treasury stock related to employee stock purchase plan 19,320 19,245
Proceeds from issuance of common stock 1,459 377
Other, net (10) (300)
Net cash (used for) provided by financing activities (29,508) (123,246)
Effect of exchange rate changes on cash and cash equivalents 1,911 (3,808)
Net increase in cash and cash equivalents 822,379 242,786
Cash and cash equivalents at beginning of period 5,039,322 [1] 1,501,539
Cash and cash equivalents at end of period 5,861,701 1,744,325
Schedule of noncash transactions:    
Accrued payables for stock repurchases 0 7,624
Accrued payables for capital expenditures 11,631 6,761
Dividends payable 48,397 47,896
Transfers of inventory to (from) property and equipment, net $ 13,419 $ (779)
[1] Derived from audited financial statements