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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Mar. 31, 2012
Mar. 26, 2011
Cash Flows From (For) Operating Activities    
Net income $ 285,924 $ 253,627
Adjustments to derive cash flows    
Gain on sale of pipeline development projects (3,500) 0
Restructuring 7,081 0
Depreciation and amortization 101,712 76,257
Share-based compensation 13,924 11,526
Loss (gain) on sale of business 0 2,151
Income tax benefit from exercise of stock options (447) 1,621
Excess tax benefit of stock transactions (12,202) (16,256)
Deferred income taxes (credit) 12,021 (60,845)
Subtotal 404,513 268,081
Changes in operating assets and liabilities, net of asset and business acquisitions    
Accounts receivable (28,723) (104,197)
Inventories (27,523) (31,304)
Accounts payable (43,867) 15,521
Payroll and related taxes (9,707) (9,072)
Accrued customer programs (13,755) 31,770
Accrued liabilities 17,584 (10,739)
Accrued income taxes 19,077 59,546
Other (5,979) 9,428
Subtotal (92,893) (39,047)
Net cash from operating activities 311,620 229,034
Cash Flows (For) From Investing Activities    
Proceeds from sales of securities 0 560
Return of Proceeds from sale of business 0 (3,558)
Acquisitions of businesses, net of cash acquired (582,329) 2,624
Proceeds from sale of intangible assets and pipeline R&D projects 10,500 0
Other (750) (10,000)
Additions to property and equipment (85,715) (46,542)
Net cash for investing activities (658,294) (56,916)
Cash Flows (For) From Financing Activities    
Borrowings (repayments) of short-term debt, net (2,770) (7,820)
Borrowings of long-term debt 1,089,620 150,442
Repayments of long-term debt (485,000) (195,000)
Deferred financing fees (5,108) (5,158)
Excess tax benefit of stock transactions 12,202 16,256
Issuance of common stock 10,040 12,476
Repurchase of common stock (7,954) (8,285)
Cash dividends (21,516) (18,779)
Net cash (for) from financing activities 589,514 (55,868)
Effect of exchange rate changes on cash 1,336 (2,778)
Net decrease in cash and cash equivalents 244,176 113,472
Cash and cash equivalents, beginning of period 310,104 109,765
Cash and cash equivalents, end of period 554,280 223,237
Cash paid/received during the year for:    
Interest paid 29,234 27,759
Interest received 2,222 2,594
Income taxes paid 53,216 83,494
Income taxes refunded $ 830 $ 1,303