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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 24, 2023
Jun. 25, 2023
Current assets:    
Cash and cash equivalents $ 1,762.0 $ 1,757.0
Short-term investments 1,585.6 1,197.9
Total cash, cash equivalents and short-term investments 3,347.6 2,954.9
Accounts receivable, net 154.2 154.8
Inventories 340.9 288.8
Income taxes receivable 0.4 0.8
Prepaid expenses 69.2 36.8
Other current assets 153.7 131.5
Current assets held for sale from discontinued operations 13.7 38.9
Total current assets 4,079.7 3,606.5
Property and equipment, net 2,453.3 2,164.3
Goodwill 359.2 359.2
Intangible assets, net 24.7 24.6
Long-term receivables 2.6 2.6
Deferred tax assets 1.2 1.2
Other assets 392.1 303.3
Long-term assets held for sale from discontinued operations 0.0 125.0
Total assets 7,312.8 6,586.7
Current liabilities:    
Accounts payable and accrued expenses 548.9 534.5
Accrued contract liabilities 44.8 39.0
Income taxes payable 9.8 9.6
Finance lease liabilities 0.4 0.4
Other current liabilities 56.3 35.7
Current liabilities held for sale from discontinued operations 89.1 8.6
Total current liabilities 749.3 627.8
Long-term liabilities:    
Long-term debt 2,131.5 1,149.5
Convertible notes, net 3,027.9 3,025.6
Deferred tax liabilities 4.2 3.9
Finance lease liabilities - long-term 9.1 9.2
Other long-term liabilities 145.1 143.5
Long-term liabilities held for sale from discontinued operations 0.0 5.3
Total long-term liabilities 5,317.8 4,337.0
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at September 24, 2023 and June 25, 2023; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 200,000 shares authorized at September 24, 2023 and June 25, 2023; 125,321 and 124,794 shares issued and outstanding at September 24, 2023 and June 25, 2023, respectively 0.2 0.2
Additional paid-in-capital 3,728.6 3,711.0
Accumulated other comprehensive loss (23.2) (25.1)
Accumulated deficit (2,459.9) (2,064.2)
Total shareholders’ equity 1,245.7 1,621.9
Total liabilities and shareholders’ equity $ 7,312.8 $ 6,586.7