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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 25, 2023
Jun. 26, 2022
Jun. 27, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 4,510,931 $ 4,605,286 $ 3,908,458
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 342,432 333,739 307,151
Deferred income taxes (172,061) (257,438) (151,477)
Equity-based compensation expense 286,600 259,064 220,164
Other, net 52,298 (44,751) (17,392)
Changes in operating asset and liability accounts:      
Accounts receivable, net of allowance 1,452,256 (1,287,680) (928,928)
Inventories (961,968) (1,351,344) (792,591)
Prepaid expenses and other assets 136,016 (53,121) (59,189)
Trade accounts payable (522,200) 167,884 184,615
Deferred profit 163,467 604,573 508,008
Accrued expenses and other liabilities (108,833) 123,462 409,344
Net cash provided by operating activities 5,178,938 3,099,674 3,588,163
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures and intangible assets (501,568) (546,034) (349,096)
Business acquisitions, net of cash acquired (119,955) 0 0
Purchases of available-for-sale securities 0 (567,819) (3,389,388)
Proceeds from maturities of available-for-sale securities 91,295 190,269 2,381,758
Proceeds from sales of available-for-sale securities 6,837 1,543,434 1,472,152
Other, net (11,171) (7,575) (42,155)
Net cash (used for) provided by investing activities (534,562) 612,275 73,271
CASH FLOWS FROM FINANCING ACTIVITIES:      
Principal payments on long-term debt and finance lease obligations and payments for debt issuance costs (23,206) (11,889) (862,060)
Treasury stock purchases (2,017,012) (3,865,663) (2,697,704)
Dividends paid (907,907) (815,290) (726,992)
Reissuances of treasury stock related to employee stock purchase plan 109,899 108,178 97,764
Proceeds from issuance of common stock 11,111 5,682 24,123
Other, net (3,552) 45 (2,113)
Net cash used for financing activities (2,830,667) (4,578,937) (4,166,982)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 128 (30,227) 7,215
Net increase (decrease) in cash, cash equivalents and restricted cash 1,813,837 (897,215) (498,333)
Cash, cash equivalents and restricted cash at beginning of year 3,773,535 4,670,750 5,169,083
Cash, cash equivalents and restricted cash at end of year 5,587,372 3,773,535 4,670,750
Schedule of non-cash transactions      
Accrued payables for stock repurchases, including applicable excise tax 45,486 46 20,005
Accrued payables for capital expenditures 31,899 80,296 61,392
Dividends payable 231,267 205,615 185,431
Transfers of finished goods inventory to property and equipment 76,856 75,068 80,252
Supplemental disclosures:      
Cash payments for interest 174,745 175,528 203,932
Cash payments for income taxes, net 809,748 807,669 518,567
Reconciliation of cash, cash equivalents, and restricted cash      
Cash and cash equivalents 5,337,056 3,522,001 4,418,263
Restricted cash and cash equivalents 250,316 251,534 252,487
Total cash, cash equivalents, and restricted cash $ 5,587,372 $ 3,773,535 $ 4,670,750