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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 24, 2022
Jun. 25, 2021
Cash flows from operating activities      
Net income $ 247,913 $ 200,380 $ 148,341
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 43,832 38,738 36,252
Non-cash restructuring charges and other related costs 2,201 0 0
(Gain) loss on disposal and impairment of property, plant and equipment (1,506) (101) 13
(Gain) loss from sales and maturities of available-for-sale securities 92 13 (187)
Amortization of discount (premium) of short-term investments 280 3,691 2,093
Amortization of deferred debt issuance costs 31 32 32
(Reversal of) allowance for doubtful accounts (307) 1,171 (343)
Unrealized loss (gain) on exchange rate and fair value of foreign currency forward contracts 175 (2,832) (859)
Amortization of fair value at hedge inception of interest rate swaps (587) (937) (1,299)
Share-based compensation 28,127 28,048 25,462
Deferred income tax (3,484) (191) (3,473)
Other non-cash expenses 601 1,390 (450)
Changes in operating assets and liabilities      
Trade accounts receivable (76,917) (105,550) (62,314)
Inventories 37,449 (135,011) (112,349)
Other current assets and non-current assets (13,568) (6,430) (10,871)
Trade accounts payable (58,596) 93,499 96,312
Income tax payable 2,977 (761) 1,353
Severance liabilities 3,753 1,033 3,181
Other current liabilities and non-current liabilities 844 8,064 1,263
Net cash provided by operating activities 213,310 124,246 122,157
Cash flows from investing activities      
Purchase of short-term investments (217,005) (198,318) (244,330)
Proceeds from sales of short-term investments 30,179 19,463 79,439
Proceeds from maturities of short-term investments 150,252 133,632 179,532
Funds repayment from (provided to) customer to support transfer of manufacturing operations 0 0 24,310
Purchase of property, plant and equipment (61,360) (89,588) (46,060)
Purchase of intangibles (911) (995) (1,915)
Proceeds from disposal of property, plant and equipment 128 263 90
Net cash used in investing activities (98,717) (135,543) (8,934)
Cash flows from financing activities      
Repayment of long-term borrowings (15,233) (12,188) (12,188)
Repayment of finance lease liability (9) (7) (100)
Repurchase of ordinary shares (47,575) (59,915) (18,842)
Withholding tax related to net share settlement of restricted share units (18,167) (20,824) (11,624)
Net cash used in financing activities (80,984) (92,934) (42,754)
Net increase (decrease) in cash, cash equivalents and restricted cash 33,609 (104,231) 70,469
Movement in cash, cash equivalents and restricted cash      
Cash, cash equivalents and restricted cash at the beginning of period 198,365 303,123 232,832
Increase (decrease) in cash, cash equivalents and restricted cash 33,609 (104,231) 70,469
Effect of exchange rate on cash, cash equivalents and restricted cash (606) (527) (178)
Cash, cash equivalents and restricted cash at the end of period 231,368 198,365 303,123
Cash paid for      
Interest 2,377 2,244 2,438
Taxes 14,158 9,296 7,945
Cash received for interest 11,048 1,603 4,445
Non-cash investing and financing activities      
Construction, software and equipment related payables $ 13,526 $ 9,085 $ 19,206