XML 40 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Mar. 29, 2014
Mar. 30, 2013
Cash flows from operating activities:    
Net income $ 359,339 $ 323,982
Non-cash and other reconciling items:    
Depreciation 67,392 65,284
Amortization 33,081 23,844
Deferred income taxes 20,850 9,037
Stock-based compensation 33,896 35,923
Gain on bargain purchase (Note 2) 0 (31,350)
Other, net 54,824 57,800
Changes in (net of effects from businesses acquired):    
Receivables (55,853) (2,897)
Inventories (114,258) 192,244
Accounts payable (148,825) (175,909)
Accrued expenses and other, net (46,541) (68,544)
Net cash flows (used) provided by operating activities 203,905 429,414
Cash flows from financing activities:    
Issuance of notes in public offering, net of issuance cost 0 349,258
Repayment of notes (300,000) 0
Borrowings (repayments) under accounts receivable securitization program, net 230,000 (259,000)
Borrowings (repayments) of bank and other debt, net 56,658 (191,775)
Repurchases of common stock (1,252) (207,192)
Dividends paid on common stock (62,009) 0
Other, net 10,390 4,499
Net cash flows provided (used) by financing activities (66,213) (304,210)
Cash flows from investing activities:    
Purchases of property, plant and equipment (81,232) (75,415)
Acquisitions of businesses, net of cash acquired (Note 2) (116,882) (244,062)
Cash proceeds from divestiture, net of cash divested 0 3,613
Other, net 4,058 289
Net cash flows used by investing activities (194,056) (315,575)
Effect of exchange rate changes on cash and cash equivalents 7,170 4,431
Cash and cash equivalents:    
-- (decrease) (49,194) (185,940)
-- at beginning of period 1,009,343 1,006,864
-- at end of period $ 960,149 $ 820,924