Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.6.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net income $ 416,352 $ 257,104
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,314 36,264
Asset impairment charges 358 358
Non-cash stock-based compensation expense 23,922 23,573
Excess tax benefit from equity awards 0 (11,541)
Net gain on sales of marketable securities and other investments (885) (1,258)
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable, net (62,627) 157,023
Decrease (increase) in inventories 14,319 (67,911)
Increase in other assets (8,838) (3,663)
Increase in accounts payable 10,239 19,205
Increase (decrease) in deferred system profit 19,391 (16,843)
Decrease in other liabilities (49,355) (98,205)
Net cash provided by operating activities 392,190 294,106
Cash flows from investing activities:    
Acquisition of non-marketable securities (2,370) 0
Capital expenditures, net (18,512) (15,279)
Proceeds from sale of assets 2,582 1,215
Purchases of available-for-sale securities (830,462) (624,861)
Proceeds from sale of available-for-sale securities 189,242 485,087
Proceeds from maturity of available-for-sale securities 356,177 326,335
Purchases of trading securities (73,278) (35,005)
Proceeds from sale of trading securities 68,465 35,576
Net cash provided by (used in) investing activities (308,156) 173,068
Cash flows from financing activities:    
Repayment of debt (80,000) (60,000)
Issuance of common stock 23,694 21,908
Tax withholding payments related to vested and released restricted stock units (17,455) (22,021)
Common stock repurchases 0 (181,711)
Payment of dividends to stockholders (173,842) (183,054)
Excess tax benefit from equity awards 0 11,541
Net cash used in financing activities (247,603) (413,337)
Effect of exchange rate changes on cash and cash equivalents (7,886) (5,271)
Net increase (decrease) in cash and cash equivalents (171,455) 48,566
Cash and cash equivalents at beginning of period 1,108,488 838,025
Cash and cash equivalents at end of period 937,033 886,591
Supplemental cash flow disclosures:    
Income taxes paid, net 110,575 59,475
Interest paid 60,016 59,860
Non-cash activities:    
Purchase of land, property and equipment, net - investing activities 1,985 2,253
Dividends payable - financing activities $ 12,763 $ 20,284