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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 26, 2017
Jun. 26, 2016
[1]
ASSETS    
Cash and cash equivalents $ 2,128,570 $ 5,039,322
Investments 3,755,036 1,788,612
Accounts receivable, less allowance for doubtful accounts of $5,095 as of March 26, 2017 and $5,155 as of June 26, 2016 1,636,090 1,262,145
Inventories 1,133,196 971,911
Prepaid expenses and other current assets 223,056 151,160 [2]
Total current assets 8,875,948 9,213,150
Property and equipment, net 675,707 639,608
Restricted cash and investments 256,157 250,421
Goodwill 1,385,545 1,386,276
Intangible assets, net 449,605 564,921
Other assets 232,224 209,939 [2]
Total assets 11,875,186 12,264,315
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Trade accounts payable 473,415 348,199
Accrued expenses and other current liabilities 850,762 772,910
Deferred profit 527,274 349,199
Current portion of convertible notes and capital leases 905,288 947,733 [2]
Total current liabilities 2,756,739 2,418,041
Senior notes, convertible notes, and capital leases, less current portion 1,777,297 3,378,129 [2]
Income taxes payable 137,173 231,514
Other long-term liabilities 282,615 134,562
Total liabilities 4,953,824 6,162,246
Commitments and contingencies
Temporary equity, convertible notes 175,108 207,552
Stockholders’ equity:    
Preferred stock, at par value of $0.001 per share; authorized - 5,000 shares, none outstanding 0 0
Common stock, at par value of $0.001 per share; authorized, 400,000 shares; issued and outstanding, 163,969 shares at March 26 , 2017 and 160,201 shares at June 26, 2016 164 160
Additional paid-in capital 5,727,320 5,572,898
Treasury stock, at cost; 103,114 shares at March 26, 2017 and 101,071 shares at June 26, 2016 (4,701,388) (4,429,317)
Accumulated other comprehensive loss (75,602) (69,333)
Retained earnings 5,795,760 4,820,109
Total stockholders’ equity 6,746,254 5,894,517
Total liabilities and stockholders’ equity $ 11,875,186 $ 12,264,315
[1] Derived from audited financial statements
[2] Adjusted for effects of retrospective implementation of ASU 2015-3, see Note 2 and Note 11 for additional information.