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Consolidated Statements of Cash Flows (USD $)
In Thousands
12 Months Ended
Jun. 25, 2011
Jun. 26, 2010
Jun. 27, 2009
Cash flows from operating activities:      
Net income $ 489,009 $ 125,139 $ 10,455
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 94,297 93,525 196,108
Depreciation and amortization 205,062 167,523 205,423
Deferred taxes 140,084 29,090 202,352
In process research & development 0 0 3,900
Loss from sale of property, plant and equipment 12,946 272 2,695
Loss (gain) from sale of equity investments 0 148 (529)
Tax benefit (shortfall) related to stock-based compensation 30,546 (15,748) (216,835)
Excess tax benefit related to stock-based compensation (12,869) (7,005) (670)
Impairment of long-lived assets 0 8,291 51,112
Changes in assets and liabilities:      
Accounts receivable 43,256 (124,258) 65,288
Inventories (29,435) 22,681 49,124
Other current assets 53,255 (79,319) 3,226
Accounts payable (4,746) 41,191 (5,988)
Income taxes payable (45,318) 17,384 15,545
Deferred income on shipments to distributors 11,102 9,020 (4,687)
Accrued liabilities- tender offer payments above settlement date fair value 0 0 (8,665)
Accrued liabilities - goodwill payments above settlement date fair value (164) (1,328) (32,016)
Accrued liabilities - litigation settlement (173,000) 173,000 0
All other accrued liabilities 47,429 31,347 (90,043)
Net cash provided by operating activities 861,454 490,953 445,795
Cash flows from investing activities:      
Purchases of property, plant and equipment (175,253) (123,901) (135,429)
Proceeds from sale of property, plant, and equipment 27,624 2,802 947
Acquisitions (80,918) (316,784) (61,010)
Other non-current assets 0 (3,998) 873
Purchases of available-for-sale securities (49,787) 0 (5,524)
Proceeds from sales/maturities of available-for-sale securities 0 200,233 8,426
Net cash used in investing activities (278,334) (241,648) (191,717)
Cash flows from financing activities      
Excess tax benefit from stock-based compensation plans 12,869 7,005 670
Mortgage liability (3,237) (40) (40)
Equity settlements and payouts under the RSU loan program 26 (784) (50,432)
Proceeds from derivative litigation settlement 0 2,460 0
Repayment of notes payable (1,422) 0 (3,827)
Long-term debt, net of issuance costs 0 298,578 0
Issuance of common stock 24,830 (4,700) (20,587)
Repurchase of common stock (231,012) (190,905) (235,132)
Dividends paid (249,145) (243,755) (248,501)
Net cash used in financing activities (447,091) (132,141) (557,849)
Net increase (decrease) in cash and cash equivalents 136,029 117,164 (303,771)
Cash and cash equivalents:      
Beginning of year 826,512 709,348 1,013,119
End of year 962,541 826,512 709,348
Supplemental disclosures of cash flow information:      
Cash (refunded) paid, net during the year for income taxes (15,529) 217,140 21,650
Cash paid for interest 10,264 0 0
Noncash financing and investing activities:      
Accounts payable related to property, plant and equipment purchases $ 22,841 $ 6,894 $ 15,712