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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Cash flows from operating activities    
Net income $ 64.6 $ 40.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation costs 30.5 21.2
Depreciation and amortization 6.2 5.2
Acquired intangibles amortization 33.0 25.2
Loss on redemption of convertible notes 0.0 (8.1)
Deferred taxes 5.9 (1.4)
Amortization of right-of-use assets 2.7 2.4
Amortization of debt discount and issuance costs 0.7 1.8
Amortization of cost of development services 2.5 2.5
Provision for inventory excess and obsolescence 0.0 (4.5)
Other 0.5 0.0
Equity investment loss 0.0 0.5
Foreign currency remeasurement loss (1.3) 0.0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 37.7 (41.4)
Inventories (9.7) (2.2)
Prepaid expenses and other current assets (3.2) (5.0)
Other assets 3.1 (9.8)
Accounts payable (17.6) 10.7
Accrued compensation (38.2) (12.3)
Income taxes payable (18.9) (6.9)
Other accrued liabilities (20.0) 24.0
Net cash provided by operating activities 78.5 58.3
Cash flows from investing activities    
Proceeds from maturities of investments 7.7 0.0
Receipt of liquidation payment on equity investment 0.8 0.0
Purchases of property and equipment (6.2) (4.7)
Net cash provided by (used in) investing activities 2.3 (4.7)
Cash flows from financing activities    
Payment for redemption of convertible notes 0.0 (505.6)
Proceeds from issuance of shares 8.5 7.8
Payroll taxes for deferred stock and market stock units (31.4) (27.7)
Repurchases of common stock (13.4) 0.0
Repayment of debt (1.5) 0.0
Refundable deposit paid to vendor 0.0 (16.6)
Return of deposit received from vendor 2.8 0.0
Net cash used in financing activities (35.0) (542.1)
Effect of exchange rate changes on cash and cash equivalents (2.0) (0.5)
Net increase/(decrease) in cash and cash equivalents 43.8 (489.0)
Cash and cash equivalents at beginning of period 824.0 836.3
Cash and cash equivalents at end of period 867.8 347.3
Supplemental disclosures of cash flow information    
Cash paid for taxes, net of refunds 48.8 16.7
Cash paid for interest 6.8 0.2
Supplemental disclosures of non-cash transactions    
Purchases of property and equipment in current liabilities $ 4.4 $ 3.4