XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 27, 2022
Jun. 27, 2021
Current assets:    
Cash and cash equivalents $ 485.9 $ 379.0
Short-term investments 800.2 775.6
Total cash, cash equivalents and short-term investments 1,286.1 1,154.6
Accounts receivable, net 122.4 95.9
Inventories 219.4 166.6
Income taxes receivable 6.9 6.4
Prepaid expenses 32.3 25.7
Other current assets 169.3 27.9
Current assets held for sale 1.6 1.6
Total current assets 1,838.0 1,478.7
Property and equipment, net 1,390.0 1,292.3
Goodwill 359.2 359.2
Intangible assets, net 128.3 140.5
Long-term receivables 2.5 138.4
Deferred tax assets 0.9 1.0
Other assets 33.8 35.5
Long-term assets of discontinued operations 0.0 1.2
Total assets 3,752.7 3,446.8
Current liabilities:    
Accounts payable and accrued expenses 248.3 381.1
Accrued contract liabilities 31.4 22.9
Income taxes payable 8.3 0.4
Finance lease liabilities 0.5 5.2
Other current liabilities 34.1 38.6
Current liabilities of discontinued operations 0.0 0.6
Total current liabilities 322.6 448.8
Long-term liabilities:    
Convertible notes, net 1,008.4 823.9
Deferred tax liabilities 3.1 2.5
Finance lease liabilities - long-term 9.7 10.0
Other long-term liabilities 18.5 44.5
Long-term liabilities of discontinued operations 0.0 0.6
Total long-term liabilities 1,039.7 881.5
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at March 27, 2022 and June 27, 2021; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 200,000 shares authorized at March 27, 2022 and June 27, 2021; 123,599 and 115,691 shares issued and outstanding at March 27, 2022 and June 27, 2021, respectively 0.2 0.1
Additional paid-in-capital 4,204.6 3,676.8
Accumulated other comprehensive (loss) income (18.0) 2.7
Accumulated deficit (1,796.4) (1,563.1)
Total shareholders’ equity 2,390.4 2,116.5
Total liabilities and shareholders’ equity $ 3,752.7 $ 3,446.8