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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 30, 2018
Cash flows from operating activities      
Net income/(loss) $ 118.8 $ (22.9) $ (124.1)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:      
Share-based compensation costs 49.3 59.0 71.3
Depreciation and amortization 26.7 35.6 38.9
Acquired intangibles amortization 51.4 74.4 83.9
Gain on sale of assets (105.1)    
Gain on sale of property and equipment (1.2)    
Deferred taxes 2.7 (15.2) 4.9
Amortization of convertible debt discount and issuance costs 18.3 17.6 16.9
Amortization of debt issuance costs 0.6 0.5 1.6
Impairment recovery on investments, net   (2.8)  
Acquired in-process research and development 2.4    
Arbitration settlement   (1.9)  
Equity investment loss 2.0 1.8 1.8
Provision for bad debt reserves 3.7    
Foreign currency remeasurement (gain)/loss 0.4 0.1  
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net 31.0 64.3 (22.7)
Inventories 43.0 (27.5) 79.5
Prepaid expenses and other current assets (2.9) 3.6 18.8
Other assets 3.9 3.9 (7.2)
Accounts payable (36.2) (55.8) 6.2
Accrued compensation 29.1 4.9 (8.1)
Acquisition related liabilities   (6.8)  
Income taxes payable 13.8 0.9 5.4
Other accrued liabilities (29.9) 20.5 (22.1)
Net cash provided by operating activities 221.8 154.2 145.0
Cash flows from investing activities      
Proceeds from sale of assets 138.7    
Purchase of in-process research and development (2.5)    
Acquisition of businesses, net of cash and cash equivalents acquired     (396.7)
Proceeds from sales of investments   2.8  
Purchases of property and equipment (16.3) (23.7) (34.1)
Purchase of intangible assets     (7.7)
Net cash provided by/(used in) investing activities 119.9 (20.9) (438.5)
Cash flows from financing activities      
Proceeds from issuance of convertible debt, net of issuance costs     514.5
Proceeds from borrowings under line-of-credit 100.0    
Payment of debt     (220.0)
Purchases of treasury stock (30.2) (118.5) (93.6)
Proceeds from issuance of shares 34.5 21.3 32.3
Payment of debt issuance costs (0.7)   (1.1)
Payroll taxes for deferred stock and market stock units (9.7) (9.4) (5.4)
Net cash provided by/(used in) financing activities 93.9 (106.6) 226.7
Effect of exchange rate changes on cash and cash equivalents   0.1  
Net increase/(decrease) in cash and cash equivalents 435.6 26.8 (66.8)
Cash and cash equivalents at beginning of year 327.8 301.0 367.8
Cash and cash equivalents at end of year 763.4 327.8 301.0
Supplemental disclosures of cash flow information      
Cash paid for interest 3.7 3.6 3.8
Cash paid for taxes 18.9 16.4 26.4
Cash refund on taxes 1.3 6.4 1.7
Non-cash investing and financing activities:      
Property and equipment received but unpaid $ 1.2 $ 3.8 6.6
Common stock issued pursuant to acquisition     $ 39.1