XML 16 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Cash flows from operating activities    
Net loss $ (21.3) $ (64.6)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Share-based compensation costs 61.8 62.4
Depreciation and amortization 14.6 14.0
Acquired intangibles amortization 49.2 41.6
Deferred taxes (41.2) (7.2)
Other 12.9 17.5
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net (3.9) 38.1
Inventories, net (4.0) (1.3)
Prepaid expenses and other current assets 0.7 (10.5)
Other assets 5.1 3.9
Accounts payable (4.9) 35.7
Accrued compensation 3.7 (23.4)
Income taxes payable (46.2) (16.8)
Other accrued liabilities (15.1) (4.8)
Net cash provided by operating activities 11.4 84.6
Cash flows from investing activities    
Acquisition of business, net of cash and cash equivalents acquired (0.8) 0.0
Proceeds from maturity of investments 0.0 23.9
Purchases of short-term investments 0.0 (16.6)
Purchases of property and equipment (13.8) (17.1)
Purchase of intangible assets 0.0 (13.5)
Advance payment on intangible assets 0.0 (116.5)
Net cash used in investing activities (14.6) (139.8)
Cash flows from financing activities    
Proceeds from issuance of convertible senior notes, net of issuance costs 439.5 0.0
Payment of debt issuance costs on convertible senior notes and revolving credit facility (4.4) 0.0
Payments for capped call transactions related to the convertible senior notes (49.9) 0.0
Repurchases of common stock, excluding excise taxes (74.5) 0.0
Proceeds from issuance of shares 7.7 8.5
Payroll taxes related to net share settlement of share-based awards (14.3) (29.6)
Repayment of debt (583.5) (4.5)
Other 1.2 1.7
Net cash used in financing activities (278.2) (23.9)
Effect of exchange rate changes on cash and cash equivalents 0.6 0.5
Net decrease in cash and cash equivalents (280.8) (78.6)
Cash and cash equivalents, beginning of period 876.9 924.7
Cash and cash equivalents, end of period 596.1 846.1
Supplemental disclosure of non-cash transactions    
Deferred payment of purchase consideration $ 3.2 $ 0.0