XML 72 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Sep. 27, 2014
Sep. 28, 2013
Cash flows from operating activities:    
Net income $ 99,980 $ 103,120
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 22,420 18,740
Depreciation and amortization 63,693 51,133
Deferred taxes 6,207 25,529
Loss on sale of property, plant and equipment 244 36
Tax benefit (shortfall) related to stock-based compensation plans 1,610 (3,488)
Impairment of Long-Lived Assets to be Disposed of 10,226 0
Excess tax benefit related to stock-based compensation (2,249) (1,697)
Changes in assets and liabilities:    
Accounts receivable 13,896 (12,450)
Inventories (15,650) (2,301)
Other current assets and income tax refund receivable (24,974) (18,546)
Accounts payable 4,455 (9,162)
Income taxes payable (12,289) 11,393
Deferred income on shipments to distributors 1,087 622
All other accrued liabilities (51,659) (67,035)
Net cash provided by operating activities 116,997 95,894
Cash flows from investing activities:    
Purchase of property, plant and equipment (31,686) (36,329)
Proceeds from sale of property, plant, and equipment 212 3,048
Payments to Acquire Available-for-sale Securities (25,142) 0
Net cash used in investing activities (56,616) (33,281)
Cash flows from financing activities:    
Excess tax benefit related to stock-based compensation 2,249 1,697
Repayment of notes payable (437) 0
Proceeds from Issuance of Long-term Debt 0 100
Net issuance of restricted stock units (8,038) (6,966)
Proceeds from stock options exercised 9,704 5,247
Repurchase of common stock (62,685) (154,386)
Dividends paid (79,763) (73,744)
Net cash used in financing activities (138,970) (228,052)
Net decrease in cash and cash equivalents (78,589) (165,439)
Cash and cash equivalents:    
Beginning of period 1,322,472 1,174,986
End of period 1,243,883 1,009,547
Supplemental disclosures of cash flow information:    
Cash paid (refunded), net during the period for income taxes 8,581 433
Cash paid for interest 8,452 8,302
Noncash investing and financing activities:    
Accounts payable related to property, plant, and equipment purchases $ 4,290 $ 21,725