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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Jun. 24, 2022
Cash flows from operating activities      
Net income $ 296,181 $ 247,913 $ 200,380
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 49,017 43,832 38,738
Non-cash restructuring charges and other related costs 0 2,201 0
(Gain) loss on disposal and impairment of property, plant and equipment 62 (1,506) (101)
(Gain) loss from sales and maturities of available-for-sale securities (1) 92 13
Amortization of discount (premium) of short-term investments (3,399) 280 3,691
(Reversal of) allowance for expected credit losses 664 (307) 1,171
Unrealized loss (gain) on exchange rate and fair value of foreign currency forward contracts (849) 175 (2,832)
Amortization of fair value at hedge inception of interest rate swaps (220) (587) (937)
Share-based compensation 28,374 28,127 28,048
Deferred income tax 1,672 (3,484) (191)
Other non-cash expenses 311 632 1,422
Changes in operating assets and liabilities      
Trade accounts receivable (61,279) (76,917) (105,550)
Inventories 56,370 37,449 (135,011)
Other current assets and non-current assets (46,715) (13,568) (6,430)
Trade accounts payable 60,040 (58,596) 93,499
Income tax payable (1,960) 2,977 (761)
Severance liabilities 2,771 3,753 1,033
Other current liabilities and non-current liabilities 32,107 844 8,064
Net cash provided by operating activities 413,146 213,310 124,246
Cash flows from investing activities      
Purchase of short-term investments (435,905) (217,005) (198,318)
Proceeds from sales of short-term investments 40,000 30,179 19,463
Proceeds from maturities of short-term investments 271,877 150,252 133,632
Purchase of property, plant and equipment (47,528) (61,360) (89,588)
Purchase of intangibles (889) (911) (995)
Proceeds from disposal of property, plant and equipment 2,694 128 263
Net cash used in investing activities (169,751) (98,717) (135,543)
Cash flows from financing activities      
Repayment of long-term borrowings (12,188) (15,233) (12,188)
Repayment of finance lease liability 0 (9) (7)
Repurchase of ordinary shares (39,490) (47,575) (59,915)
Withholding tax related to net share settlement of restricted share units (13,175) (18,167) (20,824)
Net cash used in financing activities (64,853) (80,984) (92,934)
Net increase (decrease) in cash, cash equivalents and restricted cash 178,542 33,609 (104,231)
Movement in cash, cash equivalents and restricted cash      
Cash, cash equivalents and restricted cash at the beginning of period 231,368 198,365 303,123
Increase (decrease) in cash, cash equivalents and restricted cash 178,542 33,609 (104,231)
Effect of exchange rate on cash, cash equivalents and restricted cash 63 (606) (527)
Cash, cash equivalents and restricted cash at the end of period 409,973 231,368 198,365
Cash paid for      
Interest 312 2,377 2,244
Taxes 16,452 14,158 9,296
Cash received for interest 29,783 11,048 1,603
Non-cash investing and financing activities      
Construction, software and equipment related payables $ 14,380 $ 13,526 $ 9,085