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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Mar. 25, 2023
Mar. 26, 2022
Cash flows from operating activities    
Net income $ 97.0 $ 174.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation costs 91.7 73.8
Depreciation and amortization 20.2 17.9
Acquired intangibles amortization 97.4 91.5
Gain on sale and leaseback transaction 0.0 (5.4)
Loss on redemption of convertible notes 0.0 8.1
Deferred taxes (22.3) (27.7)
Amortization of right-of-use assets 7.4 7.8
Amortization of debt discount and issuance costs 1.9 2.8
Amortization of cost of development services 5.8 7.5
Provision for inventory excess and obsolescence 4.7 (9.4)
Other 0.6 (1.6)
Equity investment loss 0.0 (1.6)
Foreign currency remeasurement loss (0.2) (0.8)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 106.7 (57.3)
Inventories 17.2 (31.9)
Prepaid expenses and other current assets (4.4) 4.4
Other assets 9.0 10.5
Accounts payable (80.7) 21.1
Accrued compensation (47.7) (7.0)
Income taxes payable 2.3 14.7
Other accrued liabilities (69.6) 16.4
Net cash provided by operating activities 237.0 308.4
Cash flows from investing activities    
Acquisition of businesses, net of cash and cash equivalents acquired (15.5) (504.8)
Proceeds from sale of property and equipment 0.2 55.9
Proceeds from maturities of investments 16.3 12.2
Purchase of short-term securities 0.0 (5.8)
Receipt of liquidation payment on equity investment 0.8
Purchase of intangible assets (0.9)
Purchases of property and equipment (29.0) (26.9)
Net cash provided by (used in) investing activities (28.1) (469.4)
Cash flows from financing activities    
Proceeds from issuance of debt 0.0 600.0
Payment of debt issuance costs (11.2)
Proceeds from issuance of shares 17.6 15.1
Payroll taxes for deferred stock and market stock units (52.2) (66.1)
Repurchases of common stock (100.1)
Repayment of debt (4.5) (1.5)
Payment for Redemption of Convertible Notes 0.0 (505.6)
Refundable deposit paid to vendor 0.0 (16.6)
Return of deposit received from vendor 5.0 2.8
Net cash used in financing activities (134.2) 16.9
Effect of exchange rate changes on cash and cash equivalents (0.7) (1.9)
Net increase/(decrease) in cash and cash equivalents 74.0 (146.0)
Cash and cash equivalents at beginning of period 824.0 836.3
Cash and cash equivalents at end of period 898.0 690.3
Supplemental disclosures of cash flow information    
Cash paid for taxes, net of refunds 91.1 37.7
Cash paid for interest 32.7 12.5
Supplemental disclosures of non-cash transactions    
Purchases of property and equipment in current liabilities 1.8 3.1
Receipt of intangible assets from advance payment made in previous fiscal year $ 30.0 $ 0.0