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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 27, 2021
Jun. 28, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 3,908,458 $ 2,251,753 $ 2,191,430
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 307,151 268,525 309,281
Deferred income taxes (151,477) (17,777) (4,980)
Equity-based compensation expense 220,164 189,197 187,234
Other, net (17,392) 6,628 1,524
Changes in operating asset and liability accounts:      
Accounts receivable, net of allowance (928,928) (641,827) 732,138
Inventories (792,591) (411,608) 281,355
Prepaid expenses and other assets (59,189) (14,354) (17,864)
Trade accounts payable 184,615 208,478 (131,472)
Deferred profit 508,008 76,207 (178,074)
Accrued expenses and other liabilities 409,344 211,229 (194,559)
Net cash provided by operating activities 3,588,163 2,126,451 3,176,013
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures and intangible assets (349,096) (203,239) (303,491)
Purchases of available-for-sale securities (3,389,388) (2,897,627) (2,930,049)
Proceeds from maturities of available-for-sale securities 2,381,758 1,647,379 466,539
Proceeds from sales of available-for-sale securities 1,472,152 1,235,248 1,137,302
Other, net (42,155) (25,845) (7,355)
Net cash provided by (used for) investing activities 73,271 (244,084) (1,637,054)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from issuance of long-term debt 0 1,974,651 2,476,720
Principal payments on long-term debt and finance lease obligations and payments for debt issuance costs (862,060) (667,537) (117,653)
Net (repayment) from commercial paper 0 0 (361,754)
Proceeds from borrowings on revolving credit facility 0 1,250,000 0
Repayment of borrowings on revolving credit facility 0 (1,250,000) 0
Treasury stock purchases (2,697,704) (1,369,649) (3,780,611)
Dividends paid (726,992) (656,838) (678,348)
Reissuances of treasury stock related to employee stock purchase plan 97,764 85,439 77,961
Proceeds from issuance of common stock 24,123 8,084 6,813
Other, net (2,113) 1,920 (13,208)
Net cash used for financing activities (4,166,982) (623,930) (2,390,080)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 7,215 (2,750) (4,041)
Net (decrease) increase in cash, cash equivalents and restricted cash (498,333) 1,255,687 (855,162)
Cash, cash equivalents and restricted cash at beginning of year 5,169,083 3,913,396 4,768,558
Cash, cash equivalents and restricted cash at end of year 4,670,750 5,169,083 3,913,396
Schedule of non-cash transactions      
Accrued payables for stock repurchases 20,005 82 29
Accrued payables for capital expenditures 61,392 37,812 23,185
Dividends payable 185,431 167,129 158,868
Transfers of finished goods inventory to property and equipment 80,252 51,694 54,533
Supplemental disclosures:      
Cash payments for interest 203,932 171,889 76,933
Cash payments for income taxes, net 518,567 222,909 300,268
Reconciliation of cash, cash equivalents, and restricted cash      
Cash and cash equivalents 4,418,263 4,915,172 3,658,219
Restricted cash and cash equivalents 252,487 253,911 255,177
Total cash, cash equivalents, and restricted cash $ 4,670,750 $ 5,169,083 $ 3,913,396