XML 60 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jul. 03, 2015
Jun. 27, 2014
Cash flows from operating activities:    
Net earnings $ 312,925 $ 297,838
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Share-based compensation expense 36,594 30,054
Tax benefits from exercises of share-based payment awards 12,300 9,882
Excess tax benefits from share-based compensation (12,303) (9,850)
Depreciation 44,893 42,717
Amortization of intangible assets 5,112 3,259
Impairment of a privately-held equity investment 0 7,725
Deferred taxes 15,218 (4,689)
Provision for doubtful accounts receivable 2,811 5,662
Other, net 1,386 (1,750)
Changes in assets and liabilities, net of effects of acquisition:    
Accounts receivable 14,045 (67,947)
Inventories (77,288) (49,060)
Prepaid expenses and other assets (32,702) (22,147)
Accounts payable 281 (14,020)
Accrued expenses and other liabilities (39,845) (14,768)
Deferred revenues and advance payments from customers 32,740 42,683
Net cash provided by operating activities 316,167 255,589
Cash flows from investing activities:    
Purchases of property, plant and equipment (57,084) (63,229)
Investment in available-for-sale corporate debt securities (942) (40,692)
Sale of a portion of investment in available-for-sale corporate debt security 0 38,075
Acquisitions of businesses, net of cash acquired (11,585) (15,500)
Notes receivable (5,000) (5,500)
Net amounts received from deferred compensation plan trust account 2,507 0
Other, net (1,085) 642
Net cash used in investing activities (73,189) (86,204)
Cash flows from financing activities:    
Repurchases of common stock (293,570) (417,245)
Proceeds from issuance of common stock to employees 86,536 84,107
Excess tax benefits from share-based compensation 12,303 9,850
Employees' taxes withheld and paid for restricted stock and restricted stock units (16,200) (8,664)
Borrowings received under credit facility agreement 125,000 0
Repayments under credit facility agreement and other bank borrowings (162,500) (56,250)
Net borrowings received under credit facility agreements with maturities less than 90 days 95,478 29,553
Capital contribution from noncontrolling interest holders 2,893 0
Other (3,341) (616)
Net cash used in financing activities (153,401) (359,265)
Effects of exchange rate changes on cash and cash equivalents 12,585 (1,994)
Net increase/(decrease) in cash and cash equivalents 102,162 (191,874)
Cash and cash equivalents at beginning of period 849,275 [1] 1,117,861
Cash and cash equivalents at end of period $ 951,437 $ 925,987
[1] The condensed consolidated balance sheet as of September 26, 2014 was derived from audited financial statements as of that date, but does not include all disclosures required by accounting principles generally accepted in the United States of America.