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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 29, 2019
Sep. 23, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 465,789 $ 533,360
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 64,664 79,805
Deferred income taxes (2,992) (83,501)
Equity-based compensation expense 42,905 50,343
Amortization of note discounts and issuance costs 1,675 1,245
Other, net 4,026 2,191
Changes in operating assets and liabilities (112,020) 136,843
Net cash provided by operating activities 464,047 720,286
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and intangible assets (39,256) (56,098)
Purchases of available-for-sale securities (147,632) (749,829)
Maturities of available-for-sales securities 600,347 70,216
Sales of available-for-sale securities 337,763 67,030
Other, net (540) (3,650)
Net cash provided by (used for) investing activities 750,682 (672,331)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on debt (28,965) (79,831)
Net repayments of commercial paper 0 (86)
Treasury stock purchases (78,132) (1,735,895)
Dividends paid (158,868) (174,372)
Proceeds from issuance of common stock 3,869 0
Other, net 0 (9)
Net cash used for financing activities (262,096) (1,990,193)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (4,193) (2,311)
Net increase (decrease) in cash, cash equivalents, and restricted cash 948,440 (1,944,549)
Cash, cash equivalents, and restricted cash at beginning of period 3,913,396 4,768,558
Cash, cash equivalents, and restricted cash at end of period 4,861,836 2,824,009
Schedule of non-cash transactions:    
Accrued payables for stock repurchases 13 162
Accrued payables for capital expenditures 30,333 36,613
Transfers of inventory to property and equipment, net 13,997 25,613
Reconciliation of cash, cash equivalents, and restricted cash    
Total cash, cash equivalents, and restricted cash $ 3,913,396 $ 4,768,558