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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 24, 2017
Cash flows from operating activities:      
Net income $ 827,486 $ 467,318 $ 571,613
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 86,977 78,685 71,117
Depreciation and amortization 110,745 144,974 164,292
Deferred taxes 13,957 27,715 (7,895)
Loss (gain) from sale of property, plant and equipment 3,967 995 16,365
Impairment of Long-Lived Assets to be Disposed of 0 42 1,462
Gain (Loss) on Investments, Excluding Other than Temporary Impairments (3) 850 6,720
Cash Provided by (Used in) Operating Activities, Discontinued Operations 0 0 (26,620)
Changes in assets and liabilities:      
Accounts receivable 21,090 (19,714) 78
Inventories 36,003 (32,776) (21,215)
Other current assets (14,901) 32,368 (3,547)
Accounts payable (10,272) 9,560 (6,205)
Income taxes payable (176,114) 117,654 60,798
Deferred income on shipments to distributors 0 (14,974) (23,805)
All other accrued liabilities (23,095) 6,767 (29,501)
Net cash provided by operating activities 875,840 819,464 773,657
Cash flows from investing activities:      
Purchases of property, plant and equipment (82,823) (65,782) (51,421)
Proceeds from sale of property, plant, and equipment 340 5,823 10,792
Acquisitions (2,949) (57,773) 0
Proceeds from Divestiture of Businesses   0 42,199
Purchases of available-for-sale securities (214,587) (1,447,354) (450,135)
Payments to Acquire Investments (3,176) (5,520) (2,825)
Proceeds from Sale of Available-for-sale Securities 30,192 107,291 50,994
Proceeds from sales/maturities of available-for-sale securities 1,130,514 753,249 75,000
Payments for (Proceeds from) Other Investing Activities (600) 0 0
Net cash used in investing activities 856,911 (710,066) (325,396)
Cash flows from financing activities      
Business acquisition,cash paid for contingent consideration (9,052) 0 0
Repayment of notes payable (500,000) 0 (250,000)
Proceeds from Issuance of Debt   0 500,000
Payments of Debt Issuance Costs   0 3,688
Payments of Stock Issuance Costs (29,689) (30,310) (25,183)
Proceeds from Stock Options Exercised 24,400 28,009 63,003
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options 40,175 36,321 34,269
Repurchase of common stock (539,151) (407,968) (251,799)
Dividends paid (505,576) (438,087) (373,971)
Net cash used in financing activities (1,518,893) (812,035) (307,369)
Net increase (decrease) in cash and cash equivalents 213,858 (702,637) 140,892
Cash and cash equivalents:      
Beginning of year 1,543,484 2,246,121 2,105,229
End of year 1,757,342 1,543,484 2,246,121
Supplemental disclosures of cash flow information:      
Cash (refunded) paid, net during the year for income taxes 98,104 189,100 76,243
Cash paid for interest 40,376 46,625 29,375
Noncash financing and investing activities:      
Accounts payable related to property, plant and equipment purchases $ 12,090 $ 8,833 $ 3,853