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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 26, 2022
Jun. 27, 2021
Current assets:    
Cash and cash equivalents $ 449.5 $ 379.0
Short-term investments 749.3 775.6
Total cash, cash equivalents and short-term investments 1,198.8 1,154.6
Accounts receivable, net 150.2 95.9
Inventories 227.0 166.6
Income taxes receivable 1.3 6.4
Prepaid expenses 32.1 25.7
Other current assets 151.4 27.9
Current assets held for sale 1.6 1.6
Total current assets 1,762.4 1,478.7
Property and equipment, net 1,481.1 1,292.3
Goodwill 359.2 359.2
Intangible assets, net 125.4 140.5
Long-term receivables 104.7 138.4
Deferred tax assets 1.0 1.0
Other assets 83.7 35.5
Long-term assets of discontinued operations 0.0 1.2
Total assets 3,917.5 3,446.8
Current liabilities:    
Accounts payable and accrued expenses 307.7 381.1
Accrued contract liabilities 37.0 22.9
Income taxes payable 11.6 0.4
Finance lease liabilities 0.5 5.2
Other current liabilities 31.7 38.6
Current liabilities of discontinued operations 0.0 0.6
Total current liabilities 388.5 448.8
Long-term liabilities:    
Convertible notes, net 1,021.6 823.9
Deferred tax liabilities 3.2 2.5
Finance lease liabilities - long-term 9.6 10.0
Other long-term liabilities 55.3 44.5
Long-term liabilities of discontinued operations 0.0 0.6
Total long-term liabilities 1,089.7 881.5
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at June 26, 2022 and June 27, 2021; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 200,000 shares authorized at June 26, 2022 and June 27, 2021; 123,795 and 115,691 shares issued and outstanding at June 26, 2022 and June 27, 2021, respectively 0.2 0.1
Additional paid-in-capital 4,228.4 3,676.8
Accumulated other comprehensive (loss) income (25.3) 2.7
Accumulated deficit (1,764.0) (1,563.1)
Total shareholders’ equity 2,439.3 2,116.5
Total liabilities and shareholders’ equity $ 3,917.5 $ 3,446.8