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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Mar. 30, 2024
Mar. 25, 2023
Cash flows from operating activities    
Net (loss) income $ (82.7) $ 97.0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Share-based compensation costs 92.3 91.7
Depreciation and amortization 20.8 20.2
Acquired intangibles amortization 59.9 97.4
Deferred taxes (17.7) (22.3)
Other 21.5 20.2
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 20.1 106.7
Inventories 8.7 17.2
Prepaid expenses and other current assets 1.5 (4.4)
Other assets 2.9 9.0
Accounts payable 22.8 (80.7)
Accrued compensation (20.3) (47.7)
Income taxes payable (46.9) 2.3
Other accrued liabilities (12.0) (69.6)
Net cash provided by operating activities 70.9 237.0
Cash flows from investing activities    
Acquisition of business, net of cash and cash equivalents acquired 0.0 (15.5)
Proceeds from maturities of investments 26.0 16.3
Purchases of short-term investments (16.6) 0.0
Purchases of property and equipment (26.1) (29.0)
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 (146.7) (28.1)
Cash flows from financing activities    
Proceeds from issuance of shares 15.9 17.6
Payroll taxes related to net share settlement of share-based awards (33.7) (52.2)
Repurchases of common stock 0.0 (100.1)
Repayment of debt (6.0) (4.5)
Other 3.4 5.0
Net cash used in financing activities (20.4) (134.2)
Effect of exchange rate changes on cash and cash equivalents (0.4) (0.7)
Net (decrease) increase in cash and cash equivalents (96.6) 74.0
Cash and cash equivalents, beginning of period 924.7 824.0
Cash and cash equivalents, end of period $ 828.1 $ 898.0