XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Oct. 02, 2021
Oct. 03, 2020
Jul. 03, 2021
OPERATING ACTIVITIES:      
Net (loss) income $ (54.8) $ 19.7  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation expense 8.9 8.8  
Amortization of acquired technologies and other intangibles 10.6 16.7  
Stock-based compensation 13.6 12.5  
Loss on convertible note settlement 85.9 0.0  
Amortization of debt issuance costs 0.5 0.5  
Other 1.3 0.6  
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 10.9 19.7  
Inventories (10.3) (3.4)  
Other current and non-currents assets (7.4) (3.2)  
Accounts payable 3.4 (8.5)  
Income taxes payable 0.0 2.5  
Deferred revenue, current and non-current (3.8) 4.0  
Deferred taxes, net 0.2 (1.0)  
Accrued payroll and related expenses (9.6) (1.4)  
Accrued expenses and other current and non-current liabilities 4.0 (3.6)  
Net cash provided by operating activities 53.4 63.9  
INVESTING ACTIVITIES:      
Capital expenditures (15.7) (8.0)  
Proceeds from the sale of assets 2.1 0.5  
Acquisitions, net of cash hold back (1.2) 0.0  
Net cash used in investing activities (14.8) (7.5)  
FINANCING ACTIVITIES:      
Proceeds from issuance of 3.75% senior notes 400.0 0.0  
Payment of debt issuance costs (4.9) (0.1)  
Repurchase and retirement of common stock (8.8) (6.7)  
Withholding tax payment on vesting of restricted stock awards (7.2) (9.3)  
Payment of financing obligations 0.0 (0.4)  
Proceeds from employee stock purchase plan 3.7 3.5  
Proceeds from revolving credit facility 150.0 0.0  
Repayment of revolving credit facility (150.0) 0.0  
Payment of debt 0.0 (2.8)  
Net cash provided by (used in) financing activities 182.8 (15.8)  
Effect of exchange rates on cash, cash equivalents and restricted cash (3.1) 11.2  
Net increase in cash, cash equivalents and restricted cash 218.3 51.8  
Cash, cash equivalents and restricted cash at the beginning of the period [1] 708.4 547.4 $ 547.4
Cash, cash equivalents and restricted cash at the end of the period 926.7 599.2 $ 708.4 [1]
Note holders      
FINANCING ACTIVITIES:      
Cash paid in convertible note settlement (196.5) 0.0  
Third parties      
FINANCING ACTIVITIES:      
Cash paid in convertible note settlement $ (3.5) $ 0.0  
[1] These amounts include both current and non-current balances of restricted cash totaling $11.1 million and $8.4 million as of October 2, 2021 and October 3, 2020, respectively.