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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Mar. 26, 2022
Mar. 27, 2021
Cash flows from operating activities    
Net income/(loss) $ 174.6 $ 60.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation costs 73.8 49.8
Depreciation and amortization 17.9 15.5
Acquired intangibles amortization 91.5 84.5
Gain on sale of audio technology assets 0.0 (34.2)
Gain on sale and leaseback transaction (5.4)
Loss on redemption of convertible notes 8.1
Deferred taxes (27.7) (10.1)
Amortization of convertible debt discount and issuance costs 1.6 14.3
Amortization of debt issuance costs 1.2 0.3
Amortization of cost of development services 7.5 6.7
Equity investment (gain) loss (1.6) 1.4
Foreign currency remeasurement loss (0.8) (1.9)
Other (1.6)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net (57.3) (31.3)
Inventories (41.3) 65.8
Prepaid expenses and other current assets 4.4 (7.9)
Other assets 18.3 (4.3)
Accounts payable 21.1 37.9
Accrued compensation (7.0) (1.7)
Income taxes payable 14.7 (11.8)
Other accrued liabilities 16.4 (19.3)
Net cash provided by operating activities 308.4 214.3
Cash flows from investing activities    
Acquisition of businesses, net of cash and cash equivalents acquired (504.8) (626.5)
Proceeds from sale of audio technology assets 34.2
Proceeds from sale of property and equipment 55.9
Proceeds from maturities of investments 12.2 95.8
Purchase of short-term securities (5.8)
Purchases of property and equipment (26.9) (15.5)
Cost method investment (5.0)
Net cash used in investing activities (469.4) (517.0)
Cash flows from financing activities    
Proceeds from issuance of debt 600.0 400.0
Payment on line of credit borrowings and debt (1.5) (100.0)
Payment of debt issuance costs (11.2) (5.9)
Proceeds from issuance of shares 15.1 26.9
Payroll taxes for deferred stock and market stock units (66.1) (27.0)
Payment for redemption of convertible notes (505.6)
Refundable deposit paid to vendor (16.6)
Return of deposit received from vendor 2.8 0.0
Net cash provided by/(used in) financing activities 16.9 294.0
Effect of exchange rate changes on cash and cash equivalents (1.9) 1.5
Net increase/(decrease) in cash and cash equivalents (146.0) (7.2)
Cash and cash equivalents at beginning of period 836.3 763.4
Cash and cash equivalents at end of period 690.3 756.2
Supplemental disclosures of cash flow information    
Cash paid for taxes 41.4 37.9
Cash refund on taxes 3.7 0.3
Non-cash investing and financing activities:    
Purchases of property and equipment in current liabilities $ 3.1 $ 4.4