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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities      
Net income/(loss) $ 79.6 $ 118.8 $ (22.9)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:      
Share-based compensation costs 66.1 49.3 59.0
Depreciation and amortization 21.6 26.7 35.6
Acquired intangibles amortization 110.1 51.4 74.4
Gain on sale of audio technology assets (34.2)    
Gain on sale of assets   (105.1)  
Gain on sale of property and equipment   (1.2)  
Loss on redemption of convertible notes 0.3    
Deferred taxes (5.2) 2.7 (15.2)
Amortization of convertible debt discount and issuance costs 19.2 18.3 17.6
Amortization of debt issuance costs 0.6 0.6 0.5
Amortization of cost of development services 9.2    
Impairment recovery on investments, net     (2.8)
Acquired in-process research and development   2.4  
Arbitration settlement     (1.9)
Equity investment loss 9.1 2.0 1.8
Provision for bad debt reserves 0.0 3.7  
Foreign currency remeasurement (gain)/loss (2.8) 0.4 0.1
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net (25.9) 31.0 64.3
Inventories 53.1 43.0 (27.5)
Prepaid expenses and other current assets (9.4) (2.9) 3.6
Other assets   3.9 3.9
Accounts payable 32.2 (36.2) (55.8)
Accrued compensation 14.9 29.1 4.9
Acquisition related liabilities     (6.8)
Income taxes payable (2.1) 13.8 0.9
Other accrued liabilities (17.2) (29.9) 20.5
Net cash provided by operating activities 319.2 221.8 154.2
Cash flows from investing activities      
Proceeds from sale of assets 34.2 138.7  
Purchase of in-process research and development   (2.5)  
Acquisition of businesses, net of cash and cash equivalents acquired (626.5)    
Proceeds from sales of investments 95.8   2.8
Purchases of property and equipment (21.1) (16.3) (23.7)
Cost method investment (5.0)    
Net cash provided by/(used in) investing activities (522.6) 119.9 (20.9)
Cash flows from financing activities      
Proceeds from issuance of debt 400.0    
Proceeds from borrowings under line-of-credit   100.0  
Payment on line of credit borrowings (100.0)    
Purchases of treasury stock   (30.2) (118.5)
Proceeds from issuance of shares 27.8 34.5 21.3
Payment of debt issuance costs (6.1) (0.7)  
Payment for redemption of convertible notes (19.4)    
Payroll taxes for deferred stock and market stock units (28.2) (9.7) (9.4)
Net cash provided by/(used in) financing activities 274.1 93.9 (106.6)
Effect of exchange rate changes on cash and cash equivalents 2.2   0.1
Net increase in cash and cash equivalents 72.9 435.6 26.8
Cash and cash equivalents at beginning of year 763.4 327.8 301.0
Cash and cash equivalents at end of year 836.3 763.4 327.8
Supplemental disclosures of cash flow information      
Cash paid for interest 9.6 3.7 3.6
Cash paid for taxes 39.7 18.9 16.4
Cash refund on taxes 0.3 1.3 6.4
Non-cash investing and financing activities:      
Property and equipment received but unpaid $ 0.8 $ 1.2 $ 3.8