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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 27, 2015
Dec. 28, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 511,659 $ 318,021
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 142,388 137,421
Deferred income taxes 2,613 6,506
Equity-based compensation expense 68,344 62,672
Income tax benefit on equity-based compensation plans 5,713 11,002
Excess tax benefit on equity-based compensation plans (5,753) (11,003)
Amortization of note discounts and issuance costs 33,480 18,299
Gain on sale of business 0 (7,431)
Other, net 20,603 7,133
Changes in operating assets and liabilities (35,505) (240,220)
Net cash provided by operating activities 743,542 302,400
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and intangible assets (77,597) (103,234)
Business acquisitions, net of cash acquired 0 (1,137)
Purchases of available-for-sale securities (808,292) (1,063,863)
Sales and maturities of available-for-sale securities 819,291 751,918
Repayment of notes receivable 8,082 3,978
Proceeds from sale of business 0 41,212
Other, net (6,246) 122
Net cash used for investing activities (64,762) (371,004)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on long-term debt and capital lease obligations and payments for debt issuance costs (28,470) (781)
Excess tax benefit on equity-based compensation plans 5,753 11,003
Treasury stock purchases (111,183) (373,958)
Dividends paid (95,555) (58,621)
Re-issuance of treasury stock related to employee stock purchase plan 19,245 16,919
Proceeds from issuance of common stock 1,550 8,832
Other, net (322) 0
Net cash used for financing activities (208,982) (396,606)
Effect of exchange rate changes on cash and cash equivalents (3,464) (6,192)
Net increase (decrease) in cash and cash equivalents 466,334 (471,402)
Cash and cash equivalents at beginning of period 1,501,539 [1] 1,452,677
Cash and cash equivalents at end of period $ 1,967,873 $ 981,275
[1] Derived from audited financial statements