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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Cash flows from operating activities    
Net income for the period $ 77,394 $ 65,089
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 12,752 11,961
(Gain) loss on disposal of property, plant and equipment and intangibles 10 12
Amortization of discount (premium) of short-term investments (1,087) (596)
(Reversal of) allowance for expected credit losses 325 803
Unrealized loss (gain) on exchange rate and fair value of foreign currency forward contracts 6,204 (52)
Amortization of fair value at hedge inception of interest rate swaps 0 (88)
Share-based compensation 8,682 7,733
Deferred income tax expense (benefit) (2,721) 1,377
Other non-cash expenses 9 222
Changes in operating assets and liabilities    
Trade accounts receivable (69,396) (4,138)
Inventories 22,801 79,481
Other current assets and non-current assets 1,205 3,238
Trade accounts payable (17,412) (24,397)
Income tax payable 467 963
Accrued expenses 21,902 2,668
Other payables 18,236 543
Severance liabilities 639 706
Other current liabilities and non-current liabilities 3,172 (476)
Net cash provided by operating activities 83,182 145,049
Cash flows from investing activities    
Purchase of short-term investments (95,572) (77,692)
Proceeds from maturities of short-term investments 43,914 35,909
Purchase of property, plant and equipment (20,250) (11,435)
Purchase of intangibles (122) (180)
Proceeds from disposal of property, plant and equipment 36 318
Net cash used in investing activities (71,994) (53,080)
Cash flows from financing activities    
Repayment of long-term borrowings 0 (3,047)
Withholding tax related to net share settlement of restricted share units (20,220) (12,147)
Net cash used in financing activities (20,220) (15,194)
Net increase (decrease) in cash and cash equivalents (9,032) 76,775
Movement in cash and cash equivalents    
Cash and cash equivalents at the beginning of period 409,973 231,368
Increase (decrease) in cash and cash equivalents (9,032) 76,775
Effect of exchange rate on cash and cash equivalents (257) 195
Cash and cash equivalents at the end of period 400,684 308,338
Non-cash investing and financing activities    
Construction, software and equipment-related payables $ 10,166 $ 9,313