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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 24, 2023
Jun. 25, 2022
Jun. 26, 2021
Cash flows from operating activities      
Net income $ 73.6 $ 257.5 $ 79.6
Adjustments to reconcile net income to net cash provided by operating activities:      
Share-based compensation costs 122.0 100.8 66.1
Depreciation and amortization 27.4 24.0 21.6
Acquired intangibles amortization 130.4 123.5 110.1
Gain on sale of audio technology assets 0.0 0.0 (34.2)
Gain on sale and leaseback transaction 0.0 (5.4) 0.0
Loss on redemption of convertible notes 0.0 8.1 0.3
Deferred taxes (25.9) (29.7) (5.2)
Amortization of convertible debt discount and issuance costs 2.6 3.4 19.8
Amortization of right-of-use assets 9.7 10.8 8.6
Amortization of cost of development services 5.8 10.0 9.2
Provision For Inventory Excess And Obsolescence 7.9 (10.9) 9.7
Equity investment (gain) loss 0.0 (1.6) 9.1
Foreign currency remeasurement (gain) loss 1.7 (7.6) (2.8)
Other (0.3) (1.3) 0.0
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net 161.3 (81.1) (25.9)
Inventories 24.6 (54.2) 43.4
Prepaid expenses and other current assets (6.1) 6.9 (9.4)
Other assets 9.4 15.0 (8.6)
Accounts payable (95.6) 23.2 32.2
Accrued compensation (45.4) 5.3 14.9
Income taxes payable (15.6) 48.6 (2.1)
Other accrued liabilities (56.0) 17.4 (17.2)
Net cash provided by operating activities 331.5 462.7 319.2
Cash flows from investing activities      
Proceeds from sale of assets 0.2 55.9 0.0
Acquisition of businesses, net of cash and cash equivalents acquired (15.5) (501.1) (626.5)
Advance payment on intangible assets 0.0 (30.0) 0.0
Proceeds from sale of audio technology assets 0.0 0.0 34.2
Proceeds from maturity of investments 21.4 0.0 0.0
Proceeds from sales of investments 22.2 24.4 95.8
Purchase of short-term securities 0.0 (5.8) 0.0
Purchases of property and equipment (34.2) (31.1) (21.1)
Receipt Of Liquidation Payment On Equity Investment 0.8 0.0 0.0
Purchase of intangible assets (0.9) 0.0 0.0
Proceeds from sale of equity method investment 0.0 5.0 0.0
Cost method investment 0.0 0.0 (5.0)
Net cash used in investing activities (6.0) (482.7) (522.6)
Cash flows from financing activities      
Proceeds from issuance of debt 0.0 600.0 400.0
Payment of debt issuance costs 0.0 (11.2) (6.0)
Proceeds from issuance of shares 17.6 15.2 27.8
Payroll taxes related to net share settlement of share-based awards (54.5) (67.3) (28.3)
Repurchases of common stock (183.5) 0.0 0.0
Repayment on line of credit borrowings and debt (6.0) (3.0) (100.0)
Payment for Redemption of Convertible Notes 0.0 (505.6) (19.4)
Refundable deposit paid to vendor 0.0 (16.6) 0.0
Return of deposit received from vendor and other 5.1 2.8 0.0
Net cash provided by (used in) financing activities (221.3) 14.3 274.1
Effect of exchange rate changes on cash and cash equivalents (3.5) (6.6) 2.2
Net increase (decrease) in cash and cash equivalents 100.7 (12.3) 72.9
Cash and cash equivalents at beginning of year 824.0 836.3 763.4
Cash and cash equivalents at end of year 924.7 824.0 836.3
Supplemental disclosures of cash flow information      
Cash paid for taxes, net of refunds 91.4 38.3 39.4
Cash paid for interest 51.9 25.0 9.6
Non-cash investing and financing activities:      
Purchases of property and equipment in current liabilities 2.2 3.6 0.8
Receipt of intangible assets from advance payment made in previous fiscal year $ 30.0 $ 0.0 $ 0.0