XML 57 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jun. 28, 2014
Jun. 29, 2013
Jun. 30, 2012
Cash flows from operating activities:      
Net income $ 545,604 $ 450,073 $ 567,019
Non-cash and other reconciling items:      
Depreciation 92,464 88,333 73,551
Amortization 44,724 32,343 27,785
Deferred income taxes (15,644) (10,019) 11,782
Stock-based compensation 45,916 43,677 35,737
Gain on bargain purchase and other (Note 2) 0 (31,011) (2,918)
Other, net 88,687 75,327 66,263
Changes in (net of effects from businesses acquired):      
Receivables (306,873) (94,203) 72,267
Inventories (226,141) 225,667 133,178
Accounts payable 48,651 (78,834) (319,094)
Accrued expenses and other, net (79,970) (5,156) (136,852)
Net cash flows provided by operating activities 237,418 696,197 528,718
Cash flows from financing activities:      
Issuance of notes in a public offering, net of issuance costs 0 349,258 0
Repayment of notes (300,000) 0 0
Borrowings (repayments) under accounts receivable securitization program, net 255,000 (310,000) 510,000
Borrowings (repayments) under bank facilities and other debt, net 38,765 (180,941) 85,816
Repurchases of common stock (Note 4) (8,616) (207,192) (318,333)
Dividends paid on common stock (82,755) 0 0
Other, net 9,109 4,792 5,590
Net cash flows (used for) provided by financing activities (88,497) (344,083) 283,073
Cash flows from investing activities:      
Purchases of property, plant and equipment (123,242) (97,379) (128,652)
Acquisitions of businesses, net of cash acquired (116,882) (262,306) (313,218)
Cash proceeds from divestitures, net of cash divested 0 3,613 0
Other, net 2,666 3,018 1,046
Net cash flows used for investing activities (237,458) (353,054) (440,824)
Effect of exchange rate changes on cash and cash equivalents 8,165 3,419 (39,437)
Cash and cash equivalents:      
— (decrease) increase (80,372) 2,479 331,530
- at beginning of year 1,009,343 1,006,864 675,334
- at end of year $ 928,971 $ 1,009,343 $ 1,006,864