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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 25, 2018
Mar. 26, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,359,535 $ 1,171,339
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 241,276 227,869
Deferred income taxes (209,214) 69,867
Equity-based compensation expense 125,002 106,173
Impairment of investment 42,456 0
Loss on extinguishment of debt 0 36,325
Amortization of note discounts and issuance costs 13,469 19,168
Other, net 23,327 10,777
Changes in operating assets and liabilities 341,538 (341,508)
Net cash provided by operating activities 1,937,389 1,300,010
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and intangible assets (193,814) (122,608)
Business acquisition, net of cash acquired (115,697) 0
Purchases of available-for-sale securities (2,377,459) (3,594,060)
Sales and maturities of available-for-sale securities 4,188,870 1,616,316
Transfers of restricted cash and investments (382) (5,736)
Other, net (14,358) (11,627)
Net cash provided by (used for) investing activities 1,487,160 (2,117,715)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on long-term debt and capital lease obligations and payments for debt issuance costs (577,415) (1,685,868)
Net proceeds from issuance of commercial paper 997,971 0
Proceeds from borrowings on revolving credit facility 750,000 0
Repayments of borrowings on revolving credit facility (750,000) 0
Treasury stock purchases (1,346,940) (285,894)
Dividends paid (225,604) (169,786)
Reissuance of treasury stock related to employee stock purchase plan 34,057 36,543
Proceeds from issuance of common stock 6,632 12,544
Other, net 11 (124)
Net cash used for financing activities (1,111,288) (2,092,585)
Effect of exchange rate changes on cash and cash equivalents 8,200 (462)
Net increase (decrease) in cash and cash equivalents 2,321,461 (2,910,752)
Cash and cash equivalents at beginning of period 2,377,534 [1] 5,039,322
Cash and cash equivalents at end of period 4,698,995 2,128,570
Schedule of non-cash transactions:    
Accrued payables for stock repurchases 2,165 2,272
Accrued payables for capital expenditures 32,610 10,077
Dividends payable 82,030 73,953
Transfers of inventory to property and equipment, net $ 38,878 $ 35,972
[1] Derived from audited financial statements