XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Sep. 30, 2023
Sep. 24, 2022
Cash flows from operating activities    
Net income $ (55.6) $ 64.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation costs 33.2 30.5
Depreciation and amortization 7.2 6.2
Acquired intangibles amortization 23.3 33.0
Deferred taxes (1.1) 5.9
Other 12.6 5.1
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 53.6 37.7
Inventories (6.8) (9.7)
Prepaid expenses and other current assets (4.8) (3.2)
Other assets 0.9 3.1
Accounts payable 16.7 (17.6)
Accrued compensation (22.0) (38.2)
Income taxes payable (6.6) (18.9)
Other accrued liabilities (5.2) (20.0)
Net cash provided by operating activities 45.4 78.5
Cash flows from investing activities    
Proceeds from maturities of investments 3.2 7.7
Purchases of short-term investments (16.6) 0.0
Purchases of property and equipment (6.7) (6.2)
Purchase of intangible assets (13.5) 0.0
Advance payment on intangible assets (116.5) 0.0
Other 0.0 0.8
Net cash provided by (used in) investing activities (150.1) 2.3
Cash flows from financing activities    
Proceeds from issuance of shares 8.5 8.5
Payroll taxes related to net share settlement of share-based awards (25.3) (31.4)
Repurchases of common stock 0.0 (13.4)
Repayment of debt (3.0) (1.5)
Other 1.7 2.8
Net cash used in financing activities (18.1) (35.0)
Effect of exchange rate changes on cash and cash equivalents (0.6) (2.0)
Net increase/(decrease) in cash and cash equivalents (123.4) 43.8
Cash and cash equivalents at beginning of period 924.7 824.0
Cash and cash equivalents at end of period $ 801.3 $ 867.8