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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 26, 2021
Jun. 27, 2021
Current assets:    
Cash and cash equivalents $ 185.4 $ 379.0
Short-term investments 501.1 775.6
Total cash, cash equivalents and short-term investments 686.5 1,154.6
Accounts receivable, net 110.0 95.9
Inventories 198.6 166.6
Income taxes receivable 6.9 6.4
Prepaid expenses 34.0 25.7
Other current assets 112.0 27.9
Current assets held for sale 1.6 1.6
Total current assets 1,149.6 1,478.7
Property and equipment, net 1,412.5 1,292.3
Goodwill 359.2 359.2
Intangible assets, net 132.6 140.5
Long-term receivables 126.8 138.4
Deferred tax assets 1.0 1.0
Other assets 35.2 35.5
Long-term assets of discontinued operations 0.0 1.2
Total assets 3,216.9 3,446.8
Current liabilities:    
Accounts payable and accrued expenses 265.5 381.1
Accrued contract liabilities 29.8 22.9
Income taxes payable 8.0 0.4
Finance lease liabilities 0.4 5.2
Other current liabilities 37.3 38.6
Current liabilities of discontinued operations 0.0 0.6
Total current liabilities 341.0 448.8
Long-term liabilities:    
Convertible notes, net 453.9 823.9
Deferred tax liabilities 2.9 2.5
Finance lease liabilities - long-term 9.8 10.0
Other long-term liabilities 30.4 44.5
Long-term liabilities of discontinued operations 0.0 0.6
Total long-term liabilities 497.0 881.5
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at December 26, 2021 and June 27, 2021; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 200,000 shares authorized at December 26, 2021 and June 27, 2021; 123,570 and 115,691 shares issued and outstanding at December 26, 2021 and June 27, 2021, respectively 0.2 0.1
Additional paid-in-capital 4,110.3 3,676.8
Accumulated other comprehensive (loss) income (1.7) 2.7
Accumulated deficit (1,729.9) (1,563.1)
Total shareholders’ equity 2,378.9 2,116.5
Total liabilities and shareholders’ equity $ 3,216.9 $ 3,446.8