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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Jun. 29, 2013
Cash flows from operating activities:      
Net income $ 206,038 $ 354,810 $ 454,912
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 79,491 85,452 83,808
Depreciation and amortization 299,396 244,593 207,136
Deferred taxes (72,507) (32,159) 25,372
Research and Development in Process 8,900 2,580 2,800
Loss (gain) from sale of property, plant and equipment 419 2,187 (1,156)
Tax benefit (shortfall) related to stock-based compensation 8,155 (68) 8,197
Excess tax benefit related to stock-based compensation (12,549) (14,192) (18,923)
Net of Asset Impairment Charges 67,010 11,644 24,929
Goodwill, Impairment Loss 84,110 0 0
Gain (Loss) on Investments, Excluding Other than Temporary Impairments 94 10,260 700
Cash Provided by (Used in) Operating Activities, Discontinued Operations (35,849) 0 (3,285)
Changes in assets and liabilities:      
Accounts receivable 16,984 13,340 32,023
Inventories 2,163 20,672 (35,245)
Other current assets (8,783) 45,557 (21,233)
Accounts payable (4,201) (11,255) (32,510)
Income taxes payable 62,350 54,492 70,156
Deferred income on shipments to distributors 4,593 (823) 277
All other accrued liabilities (12,108) (10,983) 19,977
Net cash provided by operating activities 693,706 776,107 817,935
Cash flows from investing activities:      
Purchases of property, plant and equipment (75,816) (132,523) (216,672)
Proceeds from sale of property, plant, and equipment 29,035 5,293 19,196
Proceeds from Collection of Notes Receivable 0 0 10,786
Acquisitions 0 (459,256) (2,767)
Cash Provided by (Used in) Investing Activities, Discontinued Operations 35,550 0 0
Purchases of available-for-sale securities (25,142) (49,953) 0
Payments to Acquire Investments (200) 0 (500)
Proceeds from Divestiture of Businesses 500 0 585
Proceeds from sales/maturities of available-for-sale securities 0 27,000 50,000
Net cash used in investing activities (36,073) (609,439) (139,372)
Cash flows from financing activities      
Excess tax benefit from stock-based compensation plans 12,549 14,192 18,923
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 0 (4,705) (13,781)
Repayment of notes payable (437) (4,708) (303,500)
Long-term debt, net of issuance costs 0 497,895 494,395
Payments of Debt Issuance Costs 0 (3,431) (3,921)
Proceeds from Issuance of Common Stock (27,793) (31,384) (29,042)
Proceeds from Stock Options Exercised 58,587 69,639 71,342
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options 40,951 42,809 36,297
Repurchase of common stock (195,088) (305,314) (375,135)
Dividends paid (317,909) (294,175) (280,215)
Net cash used in financing activities (429,140) (19,182) (384,637)
Net increase (decrease) in cash and cash equivalents 228,493 147,486 293,926
Cash and cash equivalents:      
Beginning of year 1,322,472 1,174,986 881,060
End of year 1,550,965 1,322,472 1,174,986
Supplemental disclosures of cash flow information:      
Cash (refunded) paid, net during the year for income taxes 40,500 (6,455) 19,080
Cash paid for interest 29,410 22,861 10,624
Noncash financing and investing activities:      
Accounts payable related to property, plant and equipment purchases 4,921 14,474 16,825
Modification of Liability Instruments to Equity $ 7,848 $ 0 $ 0