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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 30, 2025
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 730.2 $ 1,045.9
Short-term investments 599.4 1,128.7
Total cash, cash equivalents and short-term investments 1,329.6 2,174.6
Accounts receivable, net 164.6 147.4
Inventories 459.1 440.7
Prepaid expenses 81.2 56.6
Investment tax credit receivable, current 586.2 0.0
Other current assets 249.5 180.3
Total current assets 2,870.2 2,999.6
Property and equipment, net 3,911.6 3,652.3
Goodwill 359.2 359.2
Intangible assets, net 23.8 23.9
Long-term receivables 3.0 2.3
Other long-term investments 0.0 79.3
Deferred tax assets 1.1 1.1
Long-term investment tax credit receivable 133.5 641.8
Other assets 271.8 225.1
Total assets 7,574.2 7,984.6
Current liabilities:    
Accounts payable and accrued expenses 392.6 523.6
Contract liabilities and distributor-related reserves 44.6 62.3
Income taxes payable 1.1 1.0
Finance lease liabilities 0.5 0.5
Other current liabilities 179.7 77.9
Total current liabilities 618.5 665.3
Long-term liabilities:    
Long-term debt 3,469.8 3,126.2
Convertible notes, net 3,042.0 3,034.9
Deferred tax liabilities 10.8 10.8
Finance lease liabilities - long-term 8.5 8.9
Other long-term liabilities 211.9 256.4
Total long-term liabilities 6,743.0 6,437.2
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at March 30, 2025 and June 30, 2024; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 400,000 shares authorized at March 30, 2025 and June 30, 2024; 155,623 and 126,409 shares issued and outstanding at March 30, 2025 and June 30, 2024, respectively 0.2 0.2
Additional paid-in-capital 4,085.2 3,821.9
Accumulated other comprehensive loss (4.4) (11.6)
Accumulated deficit (3,868.3) (2,928.4)
Total shareholders’ equity 212.7 882.1
Total liabilities and shareholders’ equity $ 7,574.2 $ 7,984.6