XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 27, 2020
Dec. 29, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,692,680 $ 980,299
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 149,301 130,194
Deferred income taxes (4,312) 74,516
Equity-based compensation expense 108,097 88,630
Amortization of note discounts and issuance costs 2,839 3,250
Other, net 8,190 3,699
Changes in operating assets and liabilities (969,647) (508,613)
Net cash provided by operating activities 987,148 771,975
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and intangible assets (154,878) (101,310)
Purchases of available-for-sale securities (2,452,216) (1,619,695)
Maturities of available-for-sales securities 1,289,006 952,327
Sales of available-for-sale securities 594,238 795,559
Other, net (7,876) (10,528)
Net cash (used for) provided by investing activities (731,726) 16,353
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on debt (23,769) (46,952)
Treasury stock purchases (1,171,878) (1,083,199)
Dividends paid (355,056) (325,589)
Reissuance of treasury stock related to employee stock purchase plan 41,434 38,447
Proceeds from issuance of common stock 13,646 4,501
Other, net (1,179) 0
Net cash used for financing activities (1,496,802) (1,412,792)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 12,269 862
Net decrease in cash, cash equivalents, and restricted cash (1,229,111) (623,602)
Cash, cash equivalents, and restricted cash at beginning of period 5,169,083 3,913,396
Cash, cash equivalents, and restricted cash at end of period 3,939,972 3,289,794
Schedule of non-cash transactions:    
Accrued payables for stock repurchases 23,046 289
Accrued payables for capital expenditures 72,282 27,966
Transfers of inventory to property and equipment, net 49,748 27,472
Reconciliation of cash, cash equivalents, and restricted cash    
Total cash, cash equivalents, and restricted cash $ 3,939,972 $ 3,289,794