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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities    
Net loss $ (43.1) $ (82.7)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Share-based compensation costs 81.7 92.3
Depreciation and amortization 21.8 20.8
Acquired intangibles amortization 80.2 59.9
Deferred taxes (53.3) (17.7)
Intangible asset impairment charges 13.8 0.0
Other 16.8 21.5
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 10.6 20.1
Inventories, net (17.5) 8.7
Prepaid expenses and other current assets 2.8 1.5
Other assets 15.3 2.9
Accounts payable 3.3 22.8
Accrued compensation 19.1 (20.3)
Income taxes payable (43.0) (46.9)
Other accrued liabilities (23.7) (12.0)
Net cash provided by operating activities 84.8 70.9
Cash flows from investing activities    
Acquisition of business, net of cash and cash equivalents acquired (198.8) 0.0
Proceeds from maturity of investments 0.0 26.0
Purchases of short-term investments (61.0) (16.6)
Purchases of property and equipment (19.2) (26.1)
Purchase of intangible assets (10.0) (13.5)
Advance payment on intangible assets 0.0 (116.5)
Net cash used in investing activities (289.0) (146.7)
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 (112.3) 0.0
Proceeds from issuance of shares 13.9 15.9
Payroll taxes related to net share settlement of share-based awards (17.2) (33.7)
Repayment of debt (583.5) (6.0)
Other 0.9 3.4
Net cash used in financing activities (313.0) (20.4)
Effect of exchange rate changes on cash and cash equivalents 0.7 (0.4)
Net decrease in cash and cash equivalents (516.5) (96.6)
Cash and cash equivalents, beginning of period 876.9 924.7
Cash and cash equivalents, end of period 360.4 828.1
Supplemental disclosure of non-cash transactions    
Deferred payment of purchase consideration $ 3.2 $ 0.0