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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Jun. 27, 2020
USD ($)
Jun. 29, 2019
USD ($)
Jun. 30, 2018
USD ($)
Cash flows from operating activities:      
Net income $ 654,694 $ 827,486 $ 467,318
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 95,431 86,977 78,685
Depreciation and amortization 108,533 110,745 144,974
Deferred taxes 8,994 13,957 27,715
Loss (gain) from sale of property, plant and equipment 1,191 3,967 995
Gain (Loss) on Investments, Excluding Other than Temporary Impairments 11,353 (3) 892
Changes in assets and liabilities:      
Accounts receivable (42,335) 62,252 (19,714)
Inventories (8,671) 36,003 (32,776)
Other current assets (86,299) (14,901) 32,368
Accounts payable 7,594 (10,272) 9,560
Price adjustment and other revenue reserves 48,426 (41,162) 0
Income taxes payable (74,814) (176,114) 117,654
Deferred income on shipments to distributors 0 0 (14,974)
All other accrued liabilities 76,758 (23,095) 6,767
Net cash provided by operating activities 800,855 875,840 819,464
Cash flows from investing activities:      
Purchases of property, plant and equipment (67,049) (82,823) (65,782)
Proceeds from sale of property, plant, and equipment 392 340 5,823
Acquisitions (69,270) (2,949) (57,773)
Proceeds from Divestiture of Businesses 378 0 0
Purchases of available-for-sale securities 0 (214,587) (1,447,354)
Payments to Acquire Investments (1,960) (3,176) (5,520)
Proceeds from Sale of Available-for-sale Securities 1,290 30,192 107,291
Proceeds from sales/maturities of available-for-sale securities 104,286 1,130,514 753,249
Payments for (Proceeds from) Other Investing Activities (116) (600) 0
Net cash used in investing activities (32,049) 856,911 (710,066)
Cash flows from financing activities      
Business acquisition,cash paid for contingent consideration 8,000 9,052 0
Repayment of notes payable 0 (500,000) 0
Payments of Stock Issuance Costs (35,877) (29,689) (30,310)
Proceeds from Stock Options Exercised 18,870 24,400 28,009
Proceeds from Stock Plans 42,260 40,175 36,321
Repurchase of common stock (440,811) (539,151) (407,968)
Dividends paid (517,162) (505,576) (438,087)
Net cash used in financing activities (940,720) (1,518,893) (812,035)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (171,914) 213,858 (702,637)
Cash and cash equivalents:      
Beginning of year 1,757,342 1,543,484  
End of year 1,578,670 1,757,342 1,543,484
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,585,428 1,757,342 1,543,484
Supplemental disclosures of cash flow information:      
Cash (refunded) paid, net during the year for income taxes 98,211 98,104 189,100
Interest Paid, Excluding Capitalized Interest, Operating Activities 34,126   46,625
Cash paid for interest   40,376  
Noncash financing and investing activities:      
Accounts payable related to property, plant and equipment purchases 11,586 12,090 8,833
Restricted Cash $ 6,758 $ 0 $ 0