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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Jun. 25, 2023
Current assets:    
Cash and cash equivalents $ 904.4 $ 1,757.0
Short-term investments 1,731.3 1,197.9
Total cash, cash equivalents and short-term investments 2,635.7 2,954.9
Accounts receivable, net 132.6 154.8
Inventories 370.2 284.9
Income taxes receivable 0.6 0.8
Prepaid expenses 78.1 36.8
Other current assets 228.9 131.5
Current assets held for sale from discontinued operations 0.0 42.8
Total current assets 3,446.1 3,606.5
Property and equipment, net 2,850.1 2,165.5
Goodwill 359.2 359.2
Intangible assets, net 23.9 23.9
Long-term receivables 2.5 2.6
Other long-term investments 66.1 0.0
Deferred tax assets 1.2 1.2
Other assets 541.1 303.3
Long-term assets held for sale from discontinued operations 0.0 124.5
Total assets 7,290.2 6,586.7
Current liabilities:    
Accounts payable and accrued expenses 524.0 534.5
Accrued contract liabilities 51.1 39.0
Income taxes payable 10.0 9.6
Finance lease liabilities 0.4 0.4
Other current liabilities 85.7 35.7
Current liabilities held for sale from discontinued operations 0.0 8.6
Total current liabilities 671.2 627.8
Long-term liabilities:    
Long-term debt 2,137.3 1,149.5
Convertible notes, net 3,030.3 3,025.6
Deferred tax liabilities 10.8 3.9
Finance lease liabilities - long-term 9.0 9.2
Other long-term liabilities 281.4 143.5
Long-term liabilities held for sale from discontinued operations 0.0 5.3
Total long-term liabilities 5,468.8 4,337.0
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at December 31, 2023 and June 25, 2023; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 400,000 shares authorized at December 31, 2023 and 200,000 shares authorized at June 25, 2023; 125,785 and 124,794 shares issued and outstanding at December 31, 2023 and June 25, 2023, respectively 0.2 0.2
Additional paid-in-capital 3,766.8 3,711.0
Accumulated other comprehensive loss (12.2) (25.1)
Accumulated deficit (2,604.6) (2,064.2)
Total shareholders’ equity 1,150.2 1,621.9
Total liabilities and shareholders’ equity $ 7,290.2 $ 6,586.7