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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 26, 2017
Mar. 27, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,171,339 $ 655,110
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 227,869 216,052
Deferred income taxes 69,867 (2,295)
Equity-based compensation expense 106,173 103,060
Loss on extinguishment of debt 36,325 0
Amortization of note discounts and issuance costs 19,168 55,938
Other, net 10,777 29,869
Changes in operating assets and liabilities (341,508) (131,281)
Net cash provided by operating activities 1,300,010 926,453
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and intangible assets (122,608) (123,604)
Purchases of available-for-sale securities (3,594,060) (844,814)
Sales and maturities of available-for-sale securities 1,616,316 1,037,751
(Issuance) repayment of notes receivable, net (500) 7,882
Transfers of restricted cash and investments (5,736) 0
Other, net (11,127) (6,246)
Net cash (used for) provided by investing activities (2,117,715) 70,969
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on long-term debt and capital lease obligations and payments for debt issuance costs (1,685,868) (36,949)
Treasury stock purchases (285,894) (131,275)
Dividends paid (169,786) (143,094)
Reissuance of treasury stock related to employee stock purchase plan 36,543 35,632
Proceeds from issuance of common stock 12,544 1,858
Other, net (124) 7,686
Net cash used for financing activities (2,092,585) (266,142)
Effect of exchange rate changes on cash and cash equivalents (462) (798)
Net (decrease) increase in cash and cash equivalents (2,910,752) 730,482
Cash and cash equivalents at beginning of period 5,039,322 [1] 1,501,539
Cash and cash equivalents at end of period 2,128,570 2,232,021
Schedule of non-cash transactions:    
Accrued payables for stock repurchases 2,272 0
Accrued payables for capital expenditures 10,077 26,732
Dividends payable 73,953 47,791
Transfers of inventory to property and equipment, net $ 35,972 $ 20,834
[1] Derived from audited financial statements