XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Dec. 30, 2023
Dec. 24, 2022
Cash flows from operating activities    
Net (loss) income $ (64.6) $ 86.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation costs 62.4 61.9
Depreciation and amortization 14.0 12.6
Acquired intangibles amortization 41.6 65.2
Deferred taxes (7.2) (11.0)
Other 17.5 12.3
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 38.1 69.3
Inventories (1.3) (6.7)
Prepaid expenses and other current assets (10.5) (1.7)
Other assets 3.9 10.2
Accounts payable 35.7 (62.1)
Accrued compensation (23.4) (54.2)
Income taxes payable (16.8) (6.6)
Other accrued liabilities (4.8) (47.3)
Net cash provided by operating activities 84.6 128.5
Cash flows from investing activities    
Acquisition of business, net of cash and cash equivalents acquired 0.0 (15.5)
Proceeds from maturities of investments 23.9 11.9
Purchases of short-term investments (16.6) 0.0
Purchases of property and equipment (17.1) (15.3)
Purchase of intangible assets (13.5) (0.9)
Advance payment on intangible assets (116.5) 0.0
Other 0.0 1.0
Net cash used in investing activities (139.8) (18.8)
Cash flows from financing activities    
Proceeds from issuance of shares 8.5 8.8
Payroll taxes related to net share settlement of share-based awards (29.6) (49.1)
Repurchases of common stock 0.0 (74.5)
Repayment of debt (4.5) (3.0)
Other 1.7 2.8
Net cash used in financing activities (23.9) (115.0)
Effect of exchange rate changes on cash and cash equivalents 0.5 0.1
Net decrease in cash and cash equivalents (78.6) (5.2)
Cash and cash equivalents, beginning of period 924.7 824.0
Cash and cash equivalents, end of period $ 846.1 $ 818.8