XML 92 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 28, 2019
Dec. 29, 2018
OPERATING ACTIVITIES:    
Net income (loss) $ 34.8 $ (2.3)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation expense 19.7 19.7
Amortization of acquired technologies and other intangibles 34.3 38.1
Stock-based compensation 21.6 17.7
Amortization of debt issuance costs and accretion of debt discount 11.0 12.1
Amortization of discount and premium on investments, net 0.0 (0.2)
Net change in fair value of contingent liabilities (4.3) 0.0
Loss on disposal of long-lived assets 0.0 0.7
Other 2.4 1.6
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (13.5) (33.5)
Inventories 3.2 3.4
Other current and non-currents assets (2.5) (0.7)
Accounts payable (14.2) (3.0)
Income taxes payable 5.8 7.0
Deferred revenue, current and non-current 2.9 0.3
Deferred taxes, net (2.8) (4.5)
Accrued payroll and related expenses 8.2 9.5
Accrued expenses and other current and non-current liabilities (37.3) 3.2
Net cash provided by operating activities 69.3 69.1
INVESTING ACTIVITIES:    
Maturities of available-for-sale investments 0.0 42.2
Sales of available-for-sale investments 0.0 97.0
Capital expenditures (13.3) (24.2)
Proceeds from the sale of assets 3.1 3.0
Acquisitions, net of cash acquired (0.5) (28.1)
Net cash (used in) provided by investing activities (10.7) 89.9
FINANCING ACTIVITIES:    
Payment of debt issuance costs 0.0 (0.5)
Repurchase and retirement of common stock (10.7) (8.5)
Withholding tax payment on vesting of restricted stock awards (15.1) (9.8)
Repurchase and redemption of convertible debt 0.0 (276.9)
Payment of financing obligations (1.8) (0.4)
Proceeds from exercise of employee stock options and employee stock purchase plan 2.3 2.1
Net cash used in financing activities (25.3) (294.0)
Effect of exchange rates on cash, cash equivalents and restricted cash (3.5) (11.2)
Net increase (decrease) in cash, cash equivalents and restricted cash 29.8 (146.2)
Cash, cash equivalents and restricted cash at the beginning of the period 530.4 624.3
Cash, cash equivalents and restricted cash at the end of the period $ 560.2 $ 478.1