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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
6 Months Ended
Dec. 26, 2015
Dec. 27, 2014
OPERATING ACTIVITIES:    
Net income $ 2.6 $ 0.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 23.8 21.2
Stock-based compensation 12.3 9.2
Unrealized loss on derivative liability 0.2 0.0
Amortization of acquired technologies and other intangibles 3.6 4.0
Disposal of property, plant and equipment 0.5 (0.1)
Changes in operating assets and liabilities:    
Accounts receivable (11.1) (16.9)
Inventories (9.7) (1.0)
Prepayments and other current and non-currents assets (5.2) (7.9)
Deferred taxes, net 0.4 2.2
Accounts payable 18.2 3.0
Accrued payroll and related expenses 13.6 3.7
Income taxes payable 0.5 (0.3)
Accrued expenses, other current and non-current liabilities 3.3 (1.3)
Net cash provided by operating activities 53.0 16.0
INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (35.7) (24.7)
Net cash (used in) investing activities (35.7) (24.7)
FINANCING ACTIVITIES:    
Net transfers from Viavi 132.2 9.8
Payment of financing obligation related to acquisition (2.3) 0.0
Proceeds from the exercise of stock options 0.2 0.0
Net cash provided by financing activities 130.1 9.8
Effect of exchange rates on cash and cash equivalents 0.0 (1.5)
Increase (decrease) in cash and cash equivalents 147.4 (0.4)
Cash and cash equivalents at beginning of period 14.5 19.9
Cash and cash equivalents at end of period 161.9 19.5
Non-cash financing activities:    
Accretion of Series A preferred stock 11.7 0.0
Convertible Series A Preferred Stock    
Non-cash financing activities:    
Cumulative dividends on Series A preferred stock $ 0.3 $ 0.0