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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 29, 2024
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 614.0 $ 1,045.9
Short-term investments 790.8 1,128.7
Total cash, cash equivalents and short-term investments 1,404.8 2,174.6
Accounts receivable, net 153.9 147.4
Inventories 477.1 440.7
Income taxes receivable 0.3 0.5
Prepaid expenses 67.9 56.6
Other current assets 123.1 179.8
Total current assets 2,227.1 2,999.6
Property and equipment, net 3,903.4 3,652.3
Goodwill 359.2 359.2
Intangible assets, net 23.6 23.9
Long-term receivables 2.1 2.3
Other long-term investments 95.0 79.3
Deferred tax assets 1.1 1.1
Investment tax credit receivable 865.0 641.8
Other assets 264.9 225.1
Total assets 7,741.4 7,984.6
Current liabilities:    
Accounts payable and accrued expenses 456.1 523.6
Contract liabilities and distributor-related reserves 42.1 62.3
Income taxes payable 1.0 1.0
Finance lease liabilities 0.5 0.5
Other current liabilities 207.6 77.9
Total current liabilities 707.3 665.3
Long-term liabilities:    
Long-term debt 3,384.2 3,126.2
Convertible notes, net 3,039.6 3,034.9
Deferred tax liabilities 10.8 10.8
Finance lease liabilities - long-term 8.7 8.9
Other long-term liabilities 218.2 256.4
Total long-term liabilities 6,661.5 6,437.2
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at December 29, 2024 and June 30, 2024; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 400,000 shares authorized at December 29, 2024 and June 30, 2024; 138,679 and 126,409 shares issued and outstanding at December 29, 2024 and June 30, 2024, respectively 0.2 0.2
Additional paid-in-capital 3,960.9 3,821.9
Accumulated other comprehensive loss (5.7) (11.6)
Accumulated deficit (3,582.8) (2,928.4)
Total shareholders’ equity 372.6 882.1
Total liabilities and shareholders’ equity $ 7,741.4 $ 7,984.6