Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.3.1.900
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net income $ 257,104 $ 92,501
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36,264 40,060
Asset impairment charges 358 0
Loss on extinguishment of debt and other, net 0 131,669
Non-cash stock-based compensation expense 23,573 30,331
Excess tax benefit from equity awards (11,541) (14,788)
Net gain on sales of marketable securities and other investments (1,258) (1,916)
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable, net 157,023 (161,021)
Increase in inventories (67,911) (12,743)
Increase in other assets (3,663) (82,588)
Increase in accounts payable 19,205 5,754
Increase (decrease) in deferred system profit (16,843) 20,163
Decrease in other liabilities (98,205) (1,412)
Net cash provided by operating activities 294,106 46,010
Cash flows from investing activities:    
Capital expenditures, net (15,279) (26,228)
Proceeds from sale of assets 1,215 0
Purchases of available-for-sale securities (624,861) (1,094,276)
Proceeds from sale of available-for-sale securities 485,087 1,441,460
Proceeds from maturity of available-for-sale securities 326,335 383,132
Purchases of trading securities (35,005) (39,566)
Proceeds from sale of trading securities 35,576 36,793
Net cash provided by investing activities 173,068 701,315
Cash flows from financing activities:    
Proceeds from issuance of debt, net of issuance costs 0 3,224,906
Repayment of debt (60,000) (877,367)
Issuance of common stock 21,908 29,403
Tax withholding payments related to vested and released restricted stock units (22,021) (27,800)
Common stock repurchases (181,711) (266,360)
Payment of dividends to stockholders (183,054) (2,879,152)
Excess tax benefit from equity awards 11,541 14,788
Net cash used in financing activities (413,337) (781,582)
Effect of exchange rate changes on cash and cash equivalents (5,271) (11,739)
Net increase (decrease) in cash and cash equivalents 48,566 (45,996)
Cash and cash equivalents at beginning of period 838,025 630,861
Cash and cash equivalents at end of period 886,591 584,865
Supplemental cash flow disclosures:    
Income taxes paid, net 59,475 57,729
Interest paid 59,860 33,228
Non-cash activities:    
Purchase of land, property and equipment - investing activities 2,253 3,962
Unsettled common stock repurchase - financing activities 0 12,589
Dividends payable - financing activities $ 20,284 $ 42,987