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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 26, 2023
Jun. 26, 2022
Current assets:    
Cash and cash equivalents $ 795.1 $ 449.5
Short-term investments 1,453.1 749.3
Total cash, cash equivalents and short-term investments 2,248.2 1,198.8
Accounts receivable, net 164.0 150.2
Inventories 288.9 227.0
Income taxes receivable 1.1 1.3
Prepaid expenses 34.6 32.1
Other current assets 112.0 151.4
Current assets held for sale 0.0 1.6
Total current assets 2,848.8 1,762.4
Property and equipment, net 1,904.0 1,481.1
Goodwill 359.2 359.2
Intangible assets, net 118.0 125.4
Long-term receivables 2.7 104.7
Deferred tax assets 1.0 1.0
Other assets 221.0 83.7
Total assets 5,454.7 3,917.5
Current liabilities:    
Accounts payable and accrued expenses 522.2 307.7
Accrued contract liabilities 41.5 37.0
Income taxes payable 9.5 11.6
Finance lease liabilities 0.5 0.5
Other current liabilities 33.5 31.7
Total current liabilities 607.2 388.5
Long-term liabilities:    
Convertible notes, net 3,023.3 1,021.6
Deferred tax liabilities 3.7 3.2
Finance lease liabilities - long-term 9.3 9.6
Other long-term liabilities 104.4 55.3
Total long-term liabilities 3,140.7 1,089.7
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at March 26, 2023 and June 26, 2022; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 200,000 shares authorized at March 26, 2023 and June 26, 2022; 124,437 and 123,795 shares issued and outstanding at March 26, 2023 and June 26, 2022, respectively 0.2 0.2
Additional paid-in-capital 3,680.6 4,228.4
Accumulated other comprehensive loss (23.1) (25.3)
Accumulated deficit (1,950.9) (1,764.0)
Total shareholders’ equity 1,706.8 2,439.3
Total liabilities and shareholders’ equity $ 5,454.7 $ 3,917.5