Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.3.0.15
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
 3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:    
Net income $ 191,995 $ 154,196
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,184 20,783
Non-cash stock-based compensation expense 20,496 24,213
Net gain on sale of marketable securities and other investments (662) (1,047)
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable, net 129,227 (50,342)
Increase in inventories, net (43,699) (63,450)
Decrease in other assets 91,789 10,870
Increase (decrease) in accounts payable (28,558) 30,096
Decrease in deferred system profit (56,216) (3,101)
Decrease in other liabilities (108,571) (26,690)
Net cash provided by operating activities 218,985 95,528
Cash flows from investing activities:    
Capital expenditures, net (12,128) (11,163)
Purchase of available-for-sale securities (303,101) (228,951)
Proceeds from sale and maturity of available-for-sale securities 268,931 239,650
Purchase of trading securities (18,586) (16,004)
Proceeds from sale of trading securities 16,176 30,623
Net cash provided by (used in) investing activities (48,708) 14,155
Cash flows from financing activities:    
Issuance of common stock 9,702 2,953
Tax withholding payments related to vested and released restricted stock units (17,930) (9,517)
Common stock repurchases (66,392) (62,156)
Payment of dividends to stockholders (58,460) (41,785)
Net cash used in financing activities (133,080) (110,505)
Effect of exchange rate changes on cash and cash equivalents (2,579) 9,288
Net increase in cash and cash equivalents 34,618 8,466
Cash and cash equivalents at beginning of period 711,329 529,918
Cash and cash equivalents at end of period 745,947 538,384
Supplemental cash flow disclosures:    
Income taxes paid, net 37,391 46,060
Interest paid $ 611 $ 352