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TableofContents
Ourcashandcashequivalentsandshort-terminvestmentsdecreasedfromJuly3,2015asaresultofnetcashoutflowsfortheacquisitionofDotHillof
$674million,repurchaseofourordinarysharesof$1.1billion,dividendspaidtoourshareholdersof$727million,andcapitalexpendituresof$587million.These
cashoutflowswerepartiallyoffsetbyournetcashprovidedbyoperatingactivities.Thefollowingtablesummarizesresultsfromthestatementofcashflowsforthe
periodsindicated:
CashProvidedbyOperatingActivities
Cashprovidedbyoperatingactivitiesforfiscalyear2016wasapproximately$1.7billionandincludestheeffectsofnetincomeadjustedfornon-cashitems
includingdepreciationandamortization,stock-basedcompensation,and:
•adecreaseinrevenueacceleratingareductioninthecashconversioncycle,leadingtoadecreaseinworkingcapital.
Cashprovidedbyoperatingactivitiesforfiscalyear2015wasapproximately$2.6billionandincludestheeffectsofnetincomeadjustedfornon-cashitems
includingdepreciation,amortization,stock-basedcompensation.Netincomeincludes:
•apartialpaymentof$773millionforthearbitrationawardandrelatedaccruedinterestreceivedfromWesternDigital;and
•a$225millionpaymentrelatedtothefinalauditassessmentreceivedfromtheJiangsuProvinceStateTaxBureauofthePeople'sRepublicofChina
fortaxandinterestassociatedwithchangestoourtaxfilingsforthecalendaryears2007through2013.
Cashprovidedbyoperatingactivitiesforfiscalyear2014wasapproximately$2.6billionandincludestheeffectsofnetincomeadjustedfornon-cashitems
includingdepreciation,amortization,stock-basedcompensation,and:
•adecreaseof$217millioninvendornon-tradereceivablesprimarilyrelatedtoachangeinthecontractualrelationshipwithsomeofourcontract
manufacturerswhichreducedthevolumeofcomponentswesoldtothem;
•adecreaseof$190millioninaccountspayableduetoachangeinthecontractualrelationshipwithsomeofourcontractmanufacturerswhich
resultedinareductionindirectmaterialspurchasedandsubsequentlysoldtoourcontractmanufacturers;and
•adecreaseof$104millioninrestrictedcashandinvestmentsprimarilyduetotherestrictedcashandinvestmentsheldinarabbitrustbeingreplaced
withastandbyletterofcredit.
CashUsedinInvestingActivities
Infiscalyear2016,weused$1.2billionfornetcashinvestingactivities,whichwasprimarilyduetopaymentsforthepurchaseofproperty,equipmentand
leaseholdimprovementsofapproximately$587millionandtheacquisitionofDotHill,netofcashacquiredfor$634million.
54
 FiscalYearsEnded
(Dollarsinmillions) 
July1,
2016
July3,
2015
June27,
2014
Netcashflowprovidedby(usedin):      
Operatingactivities $ 1,680 $ 2,647 $ 2,558
Investingactivities (1,211)  (1,287)  (322)
Financingactivities (1,820)  (1,495)  (1,311)
Effectofforeigncurrencyexchangerates   (3)  (20)  1
Net(decrease)increaseincashandcashequivalents $ (1,354) $ (155) $ 926