XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Jun. 27, 2020
Income Statement [Abstract]      
Net revenue $ 1,739.7 $ 1,339.6 $ 1,333.9
Cost of revenue 796.6 728.4 790.8
Gross margin 943.1 611.2 543.1
Research and development 367.3 313.4 302.5
Selling, general, and administrative 168.4 144.9 127.0
Acquired intangibles amortization 38.7 32.7 11.7
Restructuring costs 18.3 7.4 33.0
Gain on sale of audio technology assets 0.0 (34.2) 0.0
Total operating expenses 592.7 464.2 474.2
Operating income/(loss) 350.4 147.0 68.9
Interest and other income 3.0 2.9 7.9
Interest expense (30.2) (29.5) (22.5)
Loss on redemption of convertible notes (8.1) (0.3) 0.0
Gain from sale and leaseback transaction 5.4 0.0 0.0
Gain on sale of assets 0.0 0.0 105.1
Income/(loss) before provision for income taxes and equity investment loss 320.5 120.1 159.4
Provision for income taxes 64.6 31.4 38.6
Equity investment Gain 1.6 (9.1) (2.0)
Net income/(loss) $ 257.5 $ 79.6 $ 118.8
Basic $ 6.60 $ 2.29 $ 3.54
Diluted $ 6.33 $ 2.08 $ 3.41
Basic 39.0 34.8 33.6
Diluted 40.7 38.3 34.8