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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2019
Jun. 24, 2018
Current assets:    
Cash and cash equivalents $ 500.5 $ 118.9
Short-term investments 550.9 268.2
Total cash, cash equivalents and short-term investments 1,051.4 387.1
Accounts receivable, net 128.9 86.4
Income taxes receivable 0.2 2.3
Inventories 187.4 151.6
Prepaid expenses 23.3 24.5
Other current assets 19.7 12.9
Current assets held for sale 1.9 2.2
Current assets related to discontinued operations 0.0 223.4
Total current assets 1,412.8 890.4
Property and equipment, net 625.2 589.1
Goodwill 530.0 530.0
Intangible assets, net 197.9 215.8
Other long-term investments 39.5 57.5
Deferred tax assets 5.6 5.8
Other assets 5.9 11.5
Long-term assets related to discontinued operations 0.0 337.7
Total assets 2,816.9 2,637.8
Current liabilities:    
Accounts payable and accrued expenses 200.9 148.5
Income taxes payable 3.0 0.0
Accrued contract liabilities 45.8 0.0
Other current liabilities 18.5 19.3
Current liabilities related to discontinued operations 0.0 80.8
Total current liabilities 268.2 248.6
Long-term liabilities:    
Long-term debt 0.0 292.0
Convertible notes, net 469.1 0.0
Deferred tax liabilities 2.0 3.1
Other long-term liabilities 36.4 0.5
Long-term liabilities related to discontinued operations 0.0 21.5
Total long-term liabilities 507.5 317.1
Commitments and contingencies (Note 16)
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at June 30, 2019 and June 24, 2018; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 200,000 shares authorized at June 30, 2019 and June 24, 2018; 106,570 and 101,488 shares issued and outstanding at June 30, 2019 and June 24, 2018, respectively 0.1 0.1
Additional paid-in-capital 2,874.1 2,549.1
Accumulated other comprehensive income 9.5 0.6
Accumulated deficit (847.5) (482.7)
Total shareholders’ equity 2,036.2 2,067.1
Non-controlling interest 5.0 5.0
Total equity 2,041.2 2,072.1
Total liabilities and shareholders’ equity $ 2,816.9 $ 2,637.8