v2.3.0.11
Consolidated Statements Of Cash Flows (USD $)
In Thousands
12 Months Ended
Jun. 26, 2011
Jun. 27, 2010
Jun. 28, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 723,748 $ 346,669 $ (302,148)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:      
Depreciation and amortization 74,759 71,401 72,417
Deferred income taxes (10,721) 13,718 30,545
Restructuring charges related to the reassessment of the residual value guarantee recorded in other long-term liabilities 11,579 24,752 65,506
Equity-based compensation expense 53,012 50,463 53,042
Income tax benefit on equity-based compensation plans 28,775 10,635 (14,294)
Excess tax benefit on equity-based compensation plans (23,290) (10,234) 6,273
Amortization of convertible note discount 3,554    
Goodwill impairment     96,255
Other, net (2,341) 3,190 9,353
Changes in operating asset and liability accounts:      
Accounts receivable, net of allowance (89,716) (246,653) 152,086
Inventories (77,461) (79,701) 46,052
Prepaid expenses and other assets (25,282) (23,647) 5,888
Trade accounts payable 42,320 71,600 (39,381)
Deferred profit 34,012 77,407 (82,464)
Accrued expenses and other liabilities 138,080 41,113 (177,259)
Net cash provided by (used for) operating activities 881,028 350,713 (78,129)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures and intangible assets (127,495) (35,590) (44,282)
Acquisitions of business, net of cash acquired     (19,457)
Purchases of available-for-sale securities (564,485) (192,755) (209,298)
Sales and maturities of available-for-sale securities 210,962 114,768 383,062
Purchase of other investments (417) (2,184) (3,439)
Loans made   (800) (8,375)
Proceeds from sale of assets 1,544    
Transfer of restricted cash and investments (22) 13,205 (92,206)
Net cash provided by (used for) investing activities (479,913) (103,356) 6,005
CASH FLOWS FROM FINANCING ACTIVITIES:      
Principal payments on long-term debt and capital lease obligations (4,530) (21,040) (256,047)
Net proceeds from issuance of long-term debt & convertible notes 882,831 336 625
Proceeds from sale of warrants 133,830    
Purchase of convertible note hedge (181,125)    
Excess tax benefit on equity-based compensation plans 23,290 10,234 (6,273)
Treasury stock purchases (211,316) (93,032) (30,946)
Net cash received in settlement of (paid in advance for) stock repurchase contracts (149,589)    
Reissuances of treasury stock 21,194 17,452 19,797
Proceeds from issuance of common stock 12,401 13,386 12,014
Net cash provided by (used for) financing activities 526,986 (72,664) (260,830)
Effect of exchange rate changes on cash 18,264 (3,093) (25,416)
Net increase (decrease) in cash and cash equivalents 946,365 171,600 (358,370)
Cash and cash equivalents at beginning of year 545,767 374,167 732,537
Cash and cash equivalents at end of year 1,492,132 545,767 374,167
Schedule of noncash transactions      
Acquisition of leased equipment     454
Accrued payables for stock repurchases   13,500  
Supplemental disclosures:      
Cash payments for interest 232 878 7,808
Cash payments for income taxes $ 70,774 $ 16,261 $ 33,583