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, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 111,197 $ 135,367
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,637 24,016
Asset impairment charges 0 1,327
Non-cash stock-based compensation expense 19,219 18,984
Excess tax benefit from equity awards (18,605) 7,026
Net gain on sale of marketable securities and other investments (234) (309)
Changes in assets and liabilities:    
Decrease in accounts receivable, net 85,771 166,855
Increase in inventories (29,805) (39,289)
Decrease (increase) in other assets (9,425) 19,676
Decrease in accounts payable (1,058) (23,104)
Increase (decrease) in deferred system profit 7,966 (5,292)
Decrease in other liabilities (8,415) (45,812)
Net cash provided by operating activities 177,248 245,393
Cash flows from investing activities:    
Capital expenditures, net (21,751) (20,272)
Purchase of available-for-sale securities (348,031) (448,149)
Proceeds from sale of available-for-sale securities 203,541 227,568
Proceeds from maturity of available-for-sale securities 32,058 75,578
Purchase of trading securities (20,851) (11,168)
Proceeds from sale of trading securities 18,366 9,322
Net cash used in investing activities (136,668) (167,121)
Cash flows from financing activities:    
Issuance of common stock 41,047 23,250
Tax withholding payments related to vested and released restricted stock units (48,264) (18,961)
Common stock repurchases (60,504) (68,317)
Payment of dividends to stockholders (74,617) (66,629)
Excess tax benefit from equity awards 18,605 7,026
Net cash used in financing activities (123,733) (123,631)
Effect of exchange rate changes on cash and cash equivalents 2,712 4,007
Net decrease in cash and cash equivalents (80,441) (41,352)
Cash and cash equivalents at beginning of period 985,390 751,294
Cash and cash equivalents at end of period 904,949 709,942
Supplemental cash flow disclosures:    
Income taxes paid, net 19,052 27,909
Interest paid 217 233
Non-cash investing activities    
Purchase of land, property and equipment $ 1,798 $ 0