Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended |
Dec. 24, 2016 |
Dec. 26, 2015 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 268,091
|
$ (4,674)
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Stock-based compensation |
35,193
|
35,382
|
| Depreciation and amortization |
85,625
|
151,135
|
| Deferred taxes |
7,375
|
(34,295)
|
| Loss on sale of property, plant and equipment |
4,550
|
(5,863)
|
| Gain (Loss) on Disposition of Business |
(26,620)
|
0
|
| Tax benefit (shortfall) related to stock-based compensation plans |
0
|
3,173
|
| Impairment of Long-Lived Assets to be Disposed of |
797
|
159,647
|
| Impairment of long-lived assets to be disposed of_investments in privately held companies |
5,720
|
0
|
| Excess tax benefit related to stock-based compensation |
0
|
(6,169)
|
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
32,189
|
47,664
|
| Inventories |
(9,995)
|
13,644
|
| Other current assets and income tax refund receivable |
(19,682)
|
3,878
|
| Accounts payable |
(12,857)
|
(17,435)
|
| Income taxes payable |
17,248
|
7,252
|
| Deferred income on shipments to distributors |
(2,642)
|
1,740
|
| Increase (Decrease) in Employee Related Liabilities |
(57,223)
|
(52,152)
|
| All other accrued liabilities |
(11,737)
|
(3,099)
|
| Net cash provided by operating activities |
316,032
|
299,828
|
| Cash flows from investing activities: |
|
|
| Purchase of property, plant and equipment |
(30,085)
|
(29,351)
|
| Proceeds from sale of property, plant, and equipment |
2,429
|
50,315
|
| Proceeds from sale of available-for-sale securities |
50,994
|
0
|
| Proceeds from maturity of available-for-sale securities |
25,000
|
0
|
| Proceeds from Divestiture of Businesses |
42,199
|
0
|
| Payments to Acquire Available-for-sale Securities |
(300,846)
|
(50,087)
|
| Payments to Acquire Investments |
(2,663)
|
(7,008)
|
| Payments for (Proceeds from) Other Investing Activities |
0
|
2,380
|
| Net cash used in investing activities |
(212,972)
|
(33,751)
|
| Cash flows from financing activities: |
|
|
| Excess tax benefit related to stock-based compensation |
0
|
6,169
|
| Repayments of Notes Payable |
(250,000)
|
|
| Net issuance of restricted stock units |
(9,445)
|
(12,544)
|
| Proceeds from stock options exercised |
27,066
|
57,447
|
| Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options |
17,658
|
14,350
|
| Repurchase of common stock |
(118,944)
|
(62,847)
|
| Dividends paid |
(187,189)
|
(171,099)
|
| Net cash used in financing activities |
(520,854)
|
(168,524)
|
| Net decrease in cash and cash equivalents |
(417,794)
|
97,553
|
| Cash and cash equivalents: |
|
|
| Beginning of period |
2,105,229
|
$ 1,550,965
|
| End of period |
1,687,435
|
|
| Supplemental disclosures of cash flow information: |
|
|
| Cash paid (refunded), net during the period for income taxes |
48,753
|
|
| Cash paid for interest |
14,688
|
|
| Noncash investing and financing activities: |
|
|
| Accounts payable related to property, plant, and equipment purchases |
$ 8,359
|
|