XML 19 R7.htm IDEA: XBRL DOCUMENT v3.20.2
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Operating activities:    
Net loss $ (184.1) $ (37.8)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 33.9 28.6
Amortization of debt issuance costs and discount, net of capitalized interest 9.4 5.6
Stock-based compensation 15.7 16.9
Goodwill impairment 105.7 0.0
Loss on disposal or impairment of long-lived assets 0.2 1.0
Amortization of premium/discount on investments 1.5 0.0
Loss (gain) on equity investment 3.4 (3.5)
Foreign exchange (gain) loss on equity investment (0.5) 0.1
Deferred income taxes 0.3 0.0
Changes in operating assets and liabilities:    
Accounts receivable, net 5.5 (8.8)
Inventories (7.7) 5.0
Prepaid expenses and other assets 3.5 7.9
Accounts payable, trade (3.7) (21.7)
Accrued salaries and wages and other liabilities 19.4 (20.5)
Accrued contract liabilities (2.1) 7.2
Cash provided by (used in) operating activities 0.4 (20.0)
Investing activities:    
Purchases of property and equipment (114.0) (42.0)
Purchases of patent and licensing rights (1.9) (1.1)
Proceeds from sale of property and equipment 0.6 0.0
Purchases of short-term investments (65.7) (134.0)
Proceeds from maturities of short-term investments 157.8 93.0
Proceeds from sale of short-term investments 7.2 31.8
Cash used in investing activities (16.0) (52.3)
Financing activities:    
Payments on long-term debt borrowings, including finance lease obligations (0.1) 0.0
Proceeds from issuance of common stock 16.5 18.6
Tax withholding on vested equity awards (12.8) (13.2)
Commitment fee on long-term incentive agreement (0.5) 0.0
Cash provided by financing activities 3.1 5.4
Effects of foreign exchange changes on cash and cash equivalents 0.1 (0.3)
Net change in cash and cash equivalents (12.4) (67.2)
Cash and cash equivalents, beginning of period 448.8 500.5
Cash and cash equivalents, end of period $ 436.4 $ 433.3