Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
Mar. 25, 2017 |
Mar. 26, 2016 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 408,304
|
$ 135,136
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Stock-based compensation |
53,493
|
53,257
|
| Depreciation and amortization |
126,098
|
198,223
|
| Deferred taxes |
(9,592)
|
(34,628)
|
| Loss on sale of property, plant and equipment |
9,359
|
(2,765)
|
| Gain (Loss) on Disposition of Business |
(26,620)
|
(58,944)
|
| Tax benefit (shortfall) related to stock-based compensation plans |
0
|
3,718
|
| Impairment of Long-Lived Assets to be Disposed of |
797
|
160,153
|
| Impairment of long-lived assets to be disposed of_investments in privately held companies |
6,720
|
0
|
| Excess tax benefit related to stock-based compensation |
0
|
(7,660)
|
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
(1,061)
|
342
|
| Inventories |
(15,500)
|
36,429
|
| Other current assets and income tax refund receivable |
(2,820)
|
(5,069)
|
| Accounts payable |
(970)
|
(8,752)
|
| Income taxes payable |
38,179
|
36,849
|
| Deferred income on shipments to distributors |
(3,055)
|
4,130
|
| Increase (Decrease) in Employee Related Liabilities |
(30,996)
|
(30,074)
|
| All other accrued liabilities |
(15,607)
|
(12,531)
|
| Net cash provided by operating activities |
536,729
|
467,814
|
| Cash flows from investing activities: |
|
|
| Purchase of property, plant and equipment |
(38,371)
|
(46,881)
|
| Proceeds from sale of property, plant, and equipment |
3,216
|
50,451
|
| 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
|
105,000
|
| Payments to Acquire Available-for-sale Securities |
(400,244)
|
(74,948)
|
| Payments to Acquire Investments |
(2,825)
|
(8,929)
|
| Payments for (Proceeds from) Other Investing Activities |
0
|
2,380
|
| Net cash used in investing activities |
(320,031)
|
27,073
|
| Cash flows from financing activities: |
|
|
| Excess tax benefit related to stock-based compensation |
0
|
7,660
|
| Repayments of Notes Payable |
(250,000)
|
|
| Net issuance of restricted stock units |
(17,713)
|
(21,397)
|
| Proceeds from stock options exercised |
44,568
|
67,336
|
| Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options |
14,464
|
14,350
|
| Repurchase of common stock |
(175,943)
|
(146,648)
|
| Dividends paid |
(280,576)
|
(256,813)
|
| Net cash used in financing activities |
(665,200)
|
(335,512)
|
| Net decrease in cash and cash equivalents |
(448,502)
|
159,375
|
| Cash and cash equivalents: |
|
|
| Beginning of period |
2,105,229
|
1,550,965
|
| End of period |
1,656,727
|
1,710,340
|
| Supplemental disclosures of cash flow information: |
|
|
| Cash paid (refunded), net during the period for income taxes |
57,952
|
26,927
|
| Cash paid for interest |
23,125
|
23,131
|
| Noncash investing and financing activities: |
|
|
| Accounts payable related to property, plant, and equipment purchases |
12,542
|
8,047
|
| Proceeds from Sale of Other Property, Plant, and Equipment |
$ 0
|
$ 40,000
|