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
 3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 72,233 $ 111,197
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,159 20,637
Non-cash stock-based compensation expense 15,483 19,219
Excess tax benefit from equity awards (14,223) (18,605)
Net gain on sale of marketable securities and other investments (1,635) (234)
Changes in assets and liabilities:    
Decrease in accounts receivable, net 39,261 85,771
Increase in inventories (23,445) (29,805)
Increase in other assets (2,732) (9,425)
Increase (decrease) in accounts payable 5,276 (1,058)
Increase (decrease) in deferred system profit (59,122) 7,966
Decrease in other liabilities (17,329) (8,415)
Net cash provided by operating activities 34,926 177,248
Cash flows from investing activities:    
Capital expenditures, net (13,445) (21,751)
Purchase of available-for-sale securities (624,860) (348,031)
Proceeds from sale of available-for-sale securities 732,337 203,541
Proceeds from maturity of available-for-sale securities 135,097 32,058
Purchase of trading securities (22,567) (20,851)
Proceeds from sale of trading securities 18,986 18,366
Net cash provided by (used in) investing activities 225,548 (136,668)
Cash flows from financing activities:    
Issuance of common stock 4,677 41,047
Tax withholding payments related to vested and released restricted stock units (27,168) (48,264)
Common stock repurchases (124,839) (60,504)
Payment of dividends to stockholders (82,413) (74,617)
Excess tax benefit from equity awards 14,223 18,605
Net cash used in financing activities (215,520) (123,733)
Effect of exchange rate changes on cash and cash equivalents (6,132) 2,712
Net increase (decrease) in cash and cash equivalents 38,822 (80,441)
Cash and cash equivalents at beginning of period 630,861 985,390
Cash and cash equivalents at end of period 669,683 904,949
Supplemental cash flow disclosures:    
Income taxes paid, net 20,361 19,052
Interest paid 136 217
Non-cash investing activities:    
Purchase of land, property and equipment $ 3,571 $ 1,798