XML 23 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 26, 2016
Jun. 28, 2015
Jun. 29, 2014
Cash flows from operating activities:      
Net (loss) income $ (21,536) $ (64,692) $ 123,490
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 159,145 173,323 164,010
Stock-based compensation 58,728 64,299 61,686
Excess tax benefit from share-based payment arrangements (12) (1,395) (19,235)
Impairment of acquisition-related intangibles 0 254 3,200
Loss on disposal or impairment of long-lived assets 16,913 47,722 2,690
Amortization of premium/discount on investments 5,314 6,152 10,158
Loss on equity method investment 15,357 22,624 0
Foreign exchange loss on equity method investment 2,057 347 0
Deferred income taxes (15,839) (21,346) 2,371
Changes in operating assets and liabilities, net of effect of acquisition:      
Accounts receivable, net 21,800 37,853 (32,651)
Inventories (23,269) 3,528 (87,012)
Prepaid expenses and other assets 8,103 (11,112) 7,926
Accounts payable, trade (12,090) (44,796) 66,297
Accrued salaries and wages and other liabilities (11,355) (31,507) 16,378
Net cash provided by operating activities 203,316 181,254 319,308
Cash flows from investing activities:      
Purchases of property and equipment (120,018) (206,160) (178,557)
Purchases of short-term investments (220,823) (349,802) (625,820)
Proceeds from maturities of short-term investments 312,524 419,802 493,288
Proceeds from sale of property and equipment 5,296 285 117
Proceeds from sale of short-term investments 42,074 219,795 88,890
Purchases of patent and licensing rights (14,443) (19,491) (20,183)
Purchase of other long-term investments 0 (80,566) 0
Purchase of acquired business, net of cash acquired 12,513 0 0
Net cash used in investing activities (7,903) (16,137) (242,265)
Cash flows from financing activities:      
Proceeds from long-term debt borrowings 653,000 695,000 0
Payments on long-term debt borrowings (693,000) (495,000) 0
Net proceeds from issuance of common stock 21,682 36,929 100,006
Excess tax benefit from share-based payment arrangements 12 1,395 19,235
Repurchases of common stock (149,553) (549,677) (99,699)
Net cash (used in) provided by financing activities (167,859) (311,353) 19,542
Effects of foreign exchange changes on cash and cash equivalents (1,110) (878) 170
Net increase (decrease) in cash and cash equivalents 26,444 (147,114) 96,755
Cash and cash equivalents:      
Beginning of period 139,710 286,824 190,069
End of period 166,154 139,710 286,824
Supplemental disclosure of cash flow information:      
Cash paid for interest 3,110 1,002 0
Cash paid for income taxes 14,722 28,834 10,292
Significant non-cash transactions:      
Accrued property and equipment $ 3,721 $ 24,243 $ 15,700