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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 27, 2021
Jun. 28, 2020
Current assets:    
Cash and cash equivalents $ 379.0 $ 448.8
Short-term investments 775.6 790.9
Total cash, cash equivalents and short-term investments 1,154.6 1,239.7
Accounts receivable, net 95.9 72.4
Inventories 166.6 121.9
Income taxes receivable 6.4 6.6
Prepaid expenses 25.7 26.2
Other current assets 27.9 8.7
Current assets held for sale 1.6 1.3
Current assets of discontinued operations 0.0 116.0
Total current assets 1,478.7 1,592.8
Property and equipment, net 1,292.3 770.8
Goodwill 359.2 349.7
Intangible assets, net 140.5 156.9
Long-term receivables 138.4 0.0
Other long-term investments 0.0 55.9
Deferred tax assets 1.0 1.2
Other assets 35.5 33.6
Long-term assets of discontinued operations 1.2 270.1
Total assets 3,446.8 3,231.0
Current liabilities:    
Accounts payable and accrued expenses 381.1 189.8
Accrued contract liabilities 22.9 14.2
Income taxes payable 0.4 1.2
Finance lease liabilities 5.2 3.6
Other current liabilities 38.6 22.2
Current liabilities of discontinued operations 0.6 60.2
Total current liabilities 448.8 291.2
Long-term liabilities:    
Convertible notes, net 823.9 783.8
Deferred tax liabilities 2.5 1.8
Finance lease liabilities - long-term 10.0 11.4
Other long-term liabilities 44.5 43.8
Long-term liabilities of discontinued operations 0.6 9.8
Total long-term liabilities 881.5 850.6
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at June 27, 2021 and June 28, 2020; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 200,000 shares authorized at June 27, 2021 and June 28, 2020; 115,691 and 109,230 shares issued and outstanding at June 27, 2021 and June 28, 2020, respectively 0.1 0.1
Additional paid-in-capital 3,676.8 3,106.2
Accumulated other comprehensive income 2.7 16.0
Accumulated deficit (1,563.1) (1,039.2)
Total shareholders’ equity 2,116.5 2,083.1
Noncontrolling interest from discontinued operations 0.0 6.1
Total equity 2,116.5 2,089.2
Total liabilities and shareholders’ equity $ 3,446.8 $ 3,231.0