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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities:      
Net income (loss) $ 193,114 $ (31,081) $ 176,337
Non-cash and other reconciling items:      
Depreciation 90,884 101,100 97,160
Amortization 41,033 81,139 83,682
Amortization of Operating Lease Assets 56,782 60,656  
Deferred income taxes 14,650 (34,264) 33,801
Stock-based compensation 29,339 26,832 30,098
Goodwill, long-lived and other impairments 15,166 159,346 192,083
Other, net 22,512 31,343 (17,491)
Changes in (net of effects from businesses acquired and divested):      
Receivables (615,353) 221,486 464,981
Inventories (409,075) 266,791 81,929
Accounts payable 620,973 (106,990) (377,855)
Accrued expenses and other, net 30,924 (46,176) (229,955)
Net cash flows provided by operating activities 90,949 730,182 534,770
Cash flows from financing activities:      
Issuance of notes, net of discounts 297,660    
Repayment of public notes (305,077) (302,038)  
Borrowings (repayments) under accounts receivable securitization, net 22,900 (227,300) 122,300
Borrowings (repayments) under senior unsecured credit facility, net (231,680) 223,058 505
Repayments under bank credit facilities and other debt, net (2,789) (2,123) (61,738)
Repurchases of common stock   (237,842) (568,712)
Dividends paid on common stock (84,309) (83,975) (87,158)
Other, net (10,718) (14,330) 12,127
Net cash flows used for financing activities (314,013) (644,550) (582,676)
Cash flows from investing activities:      
Purchases of property, plant and equipment (50,363) (73,516) (122,690)
Acquisitions of assets and businesses (18,381) (51,509) (56,417)
Proceeds from sale of business     123,473
Other, net 7,548 (9,992) 30,422
Net cash flows used for investing activities (61,196) (135,017) (25,212)
Effect on currency exchange rate changes on cash and cash equivalents 6,913 (19,682) (1,902)
Cash and cash equivalents:      
Decrease (277,347) (69,067) (75,020)
Cash and cash equivalents at beginning of year 477,038 546,105 621,125
Cash and cash equivalents at end of year $ 199,691 $ 477,038 $ 546,105