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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Cash flows from operating activities:    
Net income $ 45,420 $ 120,125
Less: Loss from discontinued operations, net of tax (1,548) (179)
Income from continuing operations, net of tax 46,968 120,304
Non-cash and other reconciling items:    
Depreciation 49,822 48,124
Amortization 41,257 41,220
Amortization of Operating Lease Asset 31,354  
Deferred income taxes (15,518) 44,857
Stock-based compensation 14,503 17,077
Other, net 20,609 77,437
Changes in (net of effects from businesses acquired and divested):    
Receivables 185,598 193,520
Inventories 94,182 (209,582)
Accounts payable (52,711) (205,254)
Accrued expenses and other, net (71,858) (140,495)
Net cash flows provided (used) for operating activities - continuing operations 344,206 (12,792)
Net cash flows used for operating activities - discontinued operations   (56,284)
Net cash flows provided (used) for operating activities 344,206 (69,076)
Cash flows from financing activities:    
Borrowings (repayments) under accounts receivable securitization, net (35,400) 366,000
Repayments under bank credit facilities and other debt, net (1,376) (59,420)
Repayments under senior unsecured credit facility, net (1,301) (595)
Repurchases of common stock (198,630) (335,404)
Dividends paid on common stock (42,426) (44,701)
Other, net (4,887) 15,200
Net cash flows used for financing activities - continuing operations (284,020) (58,920)
Net cash flows used for financing activities (284,020) (58,920)
Cash flows from investing activities:    
Purchases of property, plant and equipment (44,252) (70,186)
Acquisitions of businesses, net of cash acquired (51,509) (62,514)
Other, net (13,098) 963
Net cash flows used for investing activities - continuing operations (108,859) (131,737)
Net cash flows provided by investing activities - discontinued operations   123,473
Net cash flows used for investing activities (108,859) (8,264)
Effect on currency exchange rate changes on cash and cash equivalents (8,622) (2,699)
Cash and cash equivalents:    
Decrease (57,295) (138,959)
Cash and cash equivalents at beginning of year 546,105 621,125
Cash and cash equivalents at end of year $ 488,810 $ 482,166