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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 27, 2015
Sep. 28, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 288,679 $ 141,081
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 70,590 67,885
Deferred income taxes (5,563) 3,186
Equity-based compensation expense 35,774 32,040
Income tax benefit on equity-based compensation plans 3,545 9,861
Excess tax benefit on equity-based compensation plans (3,572) (10,404)
Amortization of note discounts and issuance costs 9,831 7,861
Gain on sale of business   (7,431)
Other, net 10,011 5,526
Changes in operating assets and liabilities 39,702 (108,444)
Net cash provided by operating activities 448,997 141,161
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and intangible assets (49,454) (41,871)
Business acquisitions, net of cash acquired   (1,137)
Purchases of available-for-sale securities (358,854) (337,100)
Sales and maturities of available-for-sale securities 330,651 346,745
Proceeds from sale of business   41,212
Other (1,500) 22
Net cash (used for) provided by investing activities (79,157) 7,871
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on long-term debt and capital lease obligations (96) (107)
Excess tax benefit on equity-based compensation plans 3,572 10,404
Treasury stock purchases (98,385) (308,422)
Dividends paid (47,659) (29,240)
Reissuance of treasury stock related to employee stock purchase plan 19,245 16,919
Proceeds from issuance of common stock 377 4,609
Other (300)  
Net cash used for financing activities (123,246) (305,837)
Effect of exchange rate changes on cash and cash equivalents (3,808) (2,194)
Net increase (decrease) in cash and cash equivalents 242,786 (158,999)
Cash and cash equivalents at beginning of period 1,501,539 [1] 1,452,677
Cash and cash equivalents at end of period $ 1,744,325 $ 1,293,678
[1] Derived from audited financial statements