Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:    
Net income $ 250,443 $ 241,997
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 40,448 45,941
Asset impairment charges 1,374 1,327
Net gain on sale of assets 0 (1,160)
Non-cash stock-based compensation expense 34,089 33,942
Excess tax benefit from equity awards (19,530) (13,093)
Net gain on sale of marketable securities and other investments (1,447) (1,357)
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable, net (50,791) 89,583
Increase in inventories (32,743) (10,467)
Decrease (increase) in other assets (39,993) 615
Increase (decrease) in accounts payable 25,939 (35,418)
Increase in deferred system profit 85,638 9,557
Decrease in other liabilities (908) (38,631)
Net cash provided by operating activities 292,519 322,836
Cash flows from investing activities:    
Capital expenditures, net (36,216) (37,363)
Proceeds from sale of assets 0 1,838
Purchase of available-for-sale securities (796,808) (823,053)
Proceeds from sale of available-for-sale securities 520,575 652,468
Proceeds from maturity of available-for-sale securities 50,889 137,182
Purchase of trading securities (32,107) (19,912)
Proceeds from sale of trading securities 30,879 19,438
Net cash used in investing activities (262,788) (69,402)
Cash flows from financing activities:    
Issuance of common stock 78,766 46,857
Tax withholding payments related to vested and released restricted stock units (49,209) (28,432)
Common stock repurchases (120,806) (136,600)
Payment of dividends to stockholders (149,600) (133,151)
Excess tax benefit from equity awards 19,530 13,093
Net cash used in financing activities (221,319) (238,233)
Effect of exchange rate changes on cash and cash equivalents (420) 818
Net increase (decrease) in cash and cash equivalents (192,008) 16,019
Cash and cash equivalents at beginning of period 985,390 751,294
Cash and cash equivalents at end of period 793,382 767,313
Supplemental cash flow disclosures:    
Income taxes paid, net 67,241 76,204
Interest paid 26,301 26,915
Non-cash investing activities    
Purchase of land, property and equipment $ 5,923 $ 0