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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Cash flows from operating activities:    
Net income $ 443,832 $ 409,725
Less: Income from discontinued operations, net of tax 253,759 90,868
Income from continuing operations 190,073 318,857
Non-cash and other reconciling items:    
Depreciation 63,800 50,789
Amortization 34,185 5,900
Deferred income taxes (15,562) 3,963
Stock-based compensation 41,778 47,724
Other, net 10,563 28,687
Changes in (net of effects from businesses acquired):    
Receivables (335,617) 254,305
Inventories 86,103 (351,731)
Accounts payable 86,120 (103,236)
Accrued expenses and other, net (20,977) (73,147)
Net cash flows provided by operating activities - continuing operations 140,466 182,111
Net cash flows (used) provided by operating activities - discontinued operations (325,096) 115,016
Net cash flows (used) provided by operating activities (184,630) 297,127
Cash flows from financing activities:    
Issuance of notes, net of issuance costs 296,374 542,043
Repayment of notes (530,800) (250,000)
Borrowings (repayments) under accounts receivable securitization, net (492,000) (400,012)
Borrowings (repayments) of bank and revolving debt, net (168,386) 412,253
Borrowings of term loans 530,756  
Repayments of term loans (511,358)  
Repurchases of common stock (124,598) (334,177)
Dividends paid on common stock (66,477) (66,944)
Other, net 15,838 (12,028)
Net cash flows used for financing activities - continuing operations (1,050,651) (108,865)
Net cash flows provided by financing activities - discontinued operations 3,447 36,227
Net cash flows used for financing activities (1,047,204) (72,638)
Cash flows from investing activities:    
Purchases of property, plant and equipment (107,960) (106,776)
Acquisitions of businesses, net of cash acquired (Note 2) (801,164)  
Other, net 18,404 9,559
Net cash flows used for investing activities - continuing operations (890,720) (97,217)
Net cash flows provided (used) for investing activities - discontinued operations 2,235,384 (25,092)
Net cash flows provided (used) for investing activities 1,344,664 (122,309)
Effect of currency exchange rate changes on cash and cash equivalents (15,075) 1,752
Cash and cash equivalents:    
Net change in cash and cash equivalents 97,755 103,932
Cash and cash equivalents at beginning of period 1,031,478 932,553
Cash and cash equivalents at end of period $ 1,129,233 $ 1,036,485