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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 03, 2021
Cash flows from operating activities:      
Net income $ 770,828 $ 692,379 $ 193,114
Non-cash and other reconciling items:      
Depreciation 82,565 87,367 90,884
Amortization 6,048 14,959 41,033
Amortization of Operating Lease Assets 54,392 52,881 56,782
Deferred income taxes (37,060) (52,513) 14,650
Stock-based compensation 38,781 36,738 29,339
Impairments     15,166
Other, net 52,142 34,116 22,512
Changes in (net of effects from businesses acquired and divested):      
Receivables (461,117) (1,132,039) (615,353)
Inventories (1,173,124) (1,218,871) (409,075)
Accounts payable (75,943) 1,131,225 620,973
Accrued expenses and other, net 28,785 134,448 30,924
Net cash flows (used for) provided by operating activities (713,703) (219,310) 90,949
Cash flows from financing activities:      
Issuance of notes, net of discounts 498,615 299,973 297,660
Repayment of public notes   (354,336) (305,077)
Borrowings under accounts receivable securitization, net 258,000 274,900 22,900
Borrowings (repayments) under senior unsecured credit facility, net 728,182   (231,680)
Borrowings (repayments) under bank credit facilities and other debt, net (96,209) 235,047 (2,789)
Repurchases of common stock (221,730) (184,382)  
Dividends paid on common stock (106,325) (98,490) (84,309)
Other, net (5,777) (16,653) (10,718)
Net cash flows provided by (used for) financing activities 1,054,756 156,059 (314,013)
Cash flows from investing activities:      
Purchases of property, plant and equipment (194,674) (48,900) (50,363)
Acquisitions of assets and businesses     (18,381)
Proceeds from liquidation of Company Owned Life Insurance Policies   90,384  
Other, net (16,877) 9,815 7,548
Net cash flows (used for) provided by investing activities (211,551) 51,299 (61,196)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 5,035 (34,046) 6,913
Cash and cash equivalents:      
increase (decrease) 134,537 (45,998) (277,347)
Cash and cash equivalents at beginning of year 153,693 199,691 477,038
Cash and cash equivalents at end of year $ 288,230 $ 153,693 $ 199,691