Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 24, 2018
ASSETS:
Cash and cash equivalents	$ 3,658,219	$ 4,512,257
Investments	1,772,984	437,338
Accounts receivable, less allowance for doubtful accounts of $5,021 as of June 30, 2019 and $5,343 as of June 24, 2018	1,455,522	2,176,936
Inventories	1,540,140	1,876,162
Prepaid expenses and other current assets	133,544	147,218
Total current assets	8,560,409	9,149,911
Property and equipment, net	1,059,077	902,547
Restricted cash and investments	255,177	256,301
Goodwill	1,484,597	1,484,904
Intangible assets, net	216,950	317,836
Other assets	425,123	367,979
Total assets	12,001,333	12,479,478
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Trade accounts payable	376,561	510,983
Accrued expenses and other current liabilities	946,641	1,309,209
Deferred profit	381,317	720,086
Commercial paper and current portion of convertible notes and capital leases	667,131	610,030
Total current liabilities	2,371,650	3,150,308
Senior notes, convertible notes, and capital leases, less current portion	3,822,768	1,806,562
Income taxes payable	892,790	851,936
Other long-term liabilities	190,821	90,629
Total liabilities	7,278,029	5,899,435
Commitments and contingencies
Temporary equity, convertible notes	49,439	78,192
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 144,433 shares at June 30, 2019, and 156,892 shares at June 24, 2018	144	157
Additional paid-in capital	6,409,405	6,144,425
Treasury stock, at cost, 140,573 shares at June 30, 2019, and 119,679 shares at June 24, 2018	(11,602,573)	(7,846,476)
Accumulated other comprehensive loss	(64,030)	(57,449)
Retained earnings	9,930,919	8,261,194
Total stockholders’ equity	4,673,865	6,501,851
Total liabilities and stockholders’ equity	$ 12,001,333	$ 12,479,478