Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 3,467,712 $ 2,858,794
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment of goodwill and purchased intangible assets 0 239,100
Depreciation and amortization 295,372 297,836
Unrealized foreign exchange loss and other 382 23,622
Stock-based compensation expense 228,067 193,742
Net gain on sale of assets (683) (161)
Deferred income taxes (27,254) (186,095)
Changes in assets and liabilities:    
Accounts receivable (55,365) (300,289)
Inventories (253,659) (106,651)
Other assets (78,129) 76,105
Accounts payable 64,569 42,390
Deferred system revenue (195,991) (117,512)
Deferred service revenue (68,789) 64,610
Other liabilities (139,583) (168,579)
Net cash provided by operating activities 3,236,649 2,916,912
Cash flows from investing activities:    
Capital expenditures (286,657) (234,851)
Proceeds from capital-related government assistance 16,782 315
Purchases of available-for-sale and equity securities (2,850,686) (2,024,564)
Proceeds from maturity and sale of available-for-sale securities 2,113,329 2,392,560
Purchases of trading securities (229,727) (88,275)
Proceeds from sale of trading securities 217,530 79,384
Other, net 2,451 (1,705)
Net cash provided by (used in) investing activities (1,016,978) 122,864
Cash flows from financing activities:    
Payment of debt issuance costs (1,602) 0
Repayment of debt 0 (750,000)
Common stock repurchases (1,718,772) (1,724,249)
Payment of dividends to stockholders (752,498) (650,629)
Issuance of common stock 55,543 47,538
Tax withholding payments related to vested and released restricted stock units (91,201) (78,534)
Net cash used in financing activities (2,508,530) (3,155,874)
Effect of exchange rate changes on cash and cash equivalents (3,039) (3,009)
Net decrease in cash and cash equivalents (291,898) (119,107)
Cash and cash equivalents at beginning of period 2,078,908 1,977,129
Cash and cash equivalents at end of period 1,787,010 1,858,022
Supplemental cash flow disclosures:    
Income taxes paid, net 582,446 655,822
Interest paid, net of capitalized interest 270,586 284,999
Non-cash activities:    
Dividends payable - financing activities 6,730 6,360
Unsettled common stock repurchase - financing activities 5,499 5,499
Accrued purchases of land, property and equipment - investing activities $ 31,941 $ 24,322