XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 30, 2017
Dec. 24, 2016
Cash flows from operating activities:    
Net income $ 79,519 $ 268,091
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 38,327 35,193
Depreciation and amortization 72,567 85,625
Deferred taxes 8,927 7,375
Loss on sale of property, plant and equipment (588) 4,550
Gain (Loss) on Disposition of Business 0 (26,620)
Impairment of Long-Lived Assets to be Disposed of 42 797
Impairment of long-lived assets to be disposed of_investments in privately held companies 850 5,720
Changes in assets and liabilities:    
Accounts receivable 20,759 32,189
Inventories (12,290) (9,995)
Other current assets and income tax refund receivable 32,947 (19,682)
Accounts payable 3,664 (12,857)
Income taxes payable 250,597 17,248
Deferred income on shipments to distributors (14,974) (2,642)
Increase (Decrease) in Employee Related Liabilities (31,582) (57,223)
Increase (Decrease) in Other Accrued Liabilities 815 (11,737)
Net cash provided by operating activities (449,580) (316,032)
Cash flows from investing activities:    
Purchase of property, plant and equipment (36,734) (30,085)
Proceeds from sale of property, plant, and equipment 2,917 2,429
Proceeds from sale of available-for-sale securities 39,996 50,994
Proceeds from maturity of available-for-sale securities 118,211 25,000
Proceeds from Divestiture of Businesses 0 42,199
Payments to Acquire Available-for-sale Securities (853,470) (300,846)
Payments to Acquire Investments (2,106) (2,663)
Net cash used in investing activities (731,186) (212,972)
Cash flows from financing activities:    
Repayments of Notes Payable 0 (250,000)
Net issuance of restricted stock units (11,520) (9,445)
Proceeds from stock options exercised 18,667 27,066
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options 14,975 17,658
Repurchase of common stock (152,244) (118,944)
Dividends paid (202,883) (187,189)
Net cash used in financing activities (333,005) (520,854)
Net decrease in cash and cash equivalents (614,611) (417,794)
Cash and cash equivalents:    
Beginning of period 2,246,121  
End of period 1,631,510 1,687,435
Supplemental disclosures of cash flow information:    
Cash paid (refunded), net during the period for income taxes 14,857 48,753
Cash paid for interest 23,313 14,688
Noncash investing and financing activities:    
Accounts payable related to property, plant, and equipment purchases $ 10,961 $ 8,359