XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Cash flows from operating activities    
Net income $ 60.6 $ 28.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation costs 49.8 37.1
Depreciation and amortization 15.5 21.9
Acquired intangibles amortization 84.5 40.4
Gain on sale of audio technology assets (34.2)  
Deferred taxes (10.1) 0.9
Amortization of convertible debt discount and issuance costs 14.3 13.7
Amortization of debt issuance costs 0.3 0.4
Amortization of cost of development services 6.7  
Acquired in-process research and development   3.7
Equity investment loss 1.4 1.5
Foreign currency remeasurement loss (1.9) (0.6)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net (31.3) (8.4)
Inventories 65.8 50.7
Prepaid expenses and other current assets (7.9) (0.4)
Other assets (4.3) 2.5
Accounts payable 37.9 (8.6)
Accrued compensation (1.7) 17.4
Income taxes payable (11.8) (5.3)
Other accrued liabilities (19.3) (27.4)
Net cash provided by operating activities 214.3 168.3
Cash flows from investing activities    
Acquisition of businesses, net of cash and cash equivalents acquired (626.5)  
Proceeds from sale of audio technology assets 34.2  
Purchase of in-process research and development   (2.5)
Proceeds from maturities of investments 95.8  
Purchases of property and equipment (15.5) (11.7)
Cost method investment (5.0)  
Net cash used in investing activities (517.0) (14.2)
Cash flows from financing activities    
Proceeds from issuance of debt 400.0  
Payment on line of credit borrowings (100.0)  
Purchases of treasury stock   (30.1)
Proceeds from issuance of shares 26.9 30.0
Payroll taxes for deferred stock and market stock units (27.0) (9.3)
Payment of debt issuance costs (5.9) (0.2)
Net cash provided by/(used in) financing activities 294.0 (9.6)
Effect of exchange rate changes on cash and cash equivalents 1.5 (0.2)
Net increase/(decrease) in cash and cash equivalents (7.2) 144.3
Cash and cash equivalents at beginning of period 763.4 327.8
Cash and cash equivalents at end of period 756.2 472.1
Supplemental disclosures of cash flow information    
Cash paid for taxes 37.9 24.0
Cash refund on taxes 0.3 1.3
Non-cash investing and financing activities:    
Purchases of property and equipment in current liabilities $ 4.4 $ 1.2