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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 30, 2018
Cash flows from operating activities:      
Net (loss) income $ (31,081) $ 176,337 $ (156,424)
Less: Loss from discontinued operations, net of tax (1,548) (3,774) (13,535)
Income (loss) from continuing operations, net of tax (29,533) 180,111 (142,889)
Non-cash and other reconciling items:      
Depreciation 101,100 97,160 143,397
Amortization 81,139 83,682 91,475
Amortization of Operating Lease Assets 60,656    
Deferred income taxes (34,264) 33,801 (87,141)
Stock-based compensation 26,832 30,098 23,990
Goodwill, long-lived, intangible asset and other impairments 144,092 192,083 186,978
Other, net 45,049 (21,265) 43,845
Changes in (net of effects from businesses acquired and divested):      
Receivables 221,486 464,981 (296,175)
Inventories 266,791 81,929 (308,663)
Accounts payable (106,990) (377,855) 409,608
Accrued expenses and other, net (46,176) (173,671) 189,060
Net cash flows provided by operating activities - continuing operations 730,182 591,054 253,485
Net cash flows used for operating activities - discontinued operations   (56,284)  
Net cash flows provided by operating activities 730,182 534,770 253,485
Cash flows from financing activities:      
Borrowings (repayments) under accounts receivable securitization, net (227,300) 122,300 (37,000)
Borrowings (repayments) under bank credit facilities and other debt, net (2,123) (61,738) 8,850
Borrowings (repayments) under senior unsecured credit facility, net 223,058 505 (97,954)
Repayments of term loans (302,038)    
Repurchases of common stock (237,842) (568,712) (323,516)
Dividends paid on common stock (83,975) (87,158) (88,255)
Other, net (14,330) 12,127 (4,018)
Net cash flows used for financing activities - continuing operations (644,550) (582,676) (541,893)
Net cash flows used for financing activities (644,550) (582,676) (541,893)
Cash flows from investing activities:      
Purchases of property, plant and equipment (73,516) (122,690) (155,873)
Acquisitions of businesses, net of cash acquired (51,509) (56,417) (15,254)
Other, net (9,992) 30,422 6,653
Net cash flows used for investing activities - continuing operations (135,017) (148,685) (164,474)
Net cash flows provided by investing activities - discontinued operations   123,473 236,205
Net cash flows (used for) provided by investing activities (135,017) (25,212) 71,731
Effect on currency exchange rate changes on cash and cash equivalents (19,682) (1,902) 1,418
Cash and cash equivalents:      
Decrease (69,067) (75,020) (215,259)
Cash and cash equivalents at beginning of year 546,105 621,125 836,384
Cash and cash equivalents at end of year $ 477,038 $ 546,105 $ 621,125