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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 27, 2022
Mar. 28, 2021
Mar. 27, 2022
Mar. 28, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 1,021,778 $ 1,071,121 $ 3,396,352 $ 2,763,801
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     245,807 228,754
Deferred income taxes     (83,451) (5,448)
Equity-based compensation expense 68,543 55,746 189,476 163,843
Other, net     (78,325) 10,394
Changes in operating assets and liabilities     (1,014,119) (1,009,116)
Net cash provided by operating activities     2,655,740 2,152,228
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures and intangible assets     (420,288) (244,474)
Purchases of available-for-sale securities     (567,819) (3,242,741)
Maturities of available-for-sales securities     167,123 1,951,037
Sales of available-for-sale securities     1,543,094 956,261
Other, net     (33,898) (35,873)
Net cash provided by (used for) investing activities     688,212 (615,790)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Principal payments on debt     (9,857) (40,014)
Treasury stock purchases     (2,989,574) (2,266,449)
Dividends paid     (607,234) (541,607)
Reissuance of treasury stock related to employee stock purchase plan     46,380 41,434
Proceeds from issuance of common stock     4,685 23,272
Other, net     197 (1,844)
Net cash used for financing activities     (3,555,403) (2,785,208)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     (13,544) 6,513
Net decrease in cash, cash equivalents, and restricted cash     (224,995) (1,242,257)
Cash, cash equivalents, and restricted cash at beginning of period     4,670,750 5,169,083
Cash, cash equivalents, and restricted cash at end of period 4,445,755 3,926,826 4,445,755 3,926,826
Schedule of non-cash transactions:        
Accrued payables for stock repurchases     4,624 5,855
Accrued payables for capital expenditures     57,930 80,215
Dividends payable 208,057 185,390 208,057 185,390
Transfers of finished goods inventory to property and equipment     62,116 59,882
Reconciliation of cash, cash equivalents, and restricted cash        
Cash and cash equivalents 4,194,719 3,673,366 4,194,719 3,673,366
Restricted cash and cash equivalents 251,036 253,460 251,036 253,460
Total cash, cash equivalents, and restricted cash $ 4,445,755 $ 3,926,826 $ 4,445,755 $ 3,926,826