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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Apr. 02, 2016
Mar. 28, 2015
OPERATING ACTIVITIES:    
Net income $ (5.0) $ 12.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 35.1 32.1
Stock-based compensation 20.5 14.3
Unrealized loss on derivative liability 5.0 0.0
Amortization of acquired technologies and other intangibles 5.4 6.0
Disposal of property, plant and equipment 0.6 (1.1)
Other non-cash income 0.0 (0.2)
Changes in operating assets and liabilities:    
Accounts receivable (11.6) (22.8)
Inventories (9.6) (3.2)
Prepayments and other current and non-currents assets (11.0) (11.4)
Deferred taxes, net (0.2) 4.0
Accounts payable 32.7 (0.5)
Accrued payroll and related expenses 9.7 (4.7)
Income taxes payable (1.6) (12.9)
Accrued expenses, other current and non-current liabilities 3.5 (15.7)
Net cash provided by operating activities 73.5 (3.7)
INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (63.4) (35.3)
Acquisition of businesses, net of cash acquired 0.0 (0.2)
Net cash (used in) investing activities (63.4) (35.5)
FINANCING ACTIVITIES:    
Net transfers from Viavi 132.2 31.8
Payment of dividends (0.3) 0.0
Payment of financing obligation related to acquisition (2.3) 0.0
Proceeds from the exercise of stock options 1.8 0.0
Net cash provided by financing activities 131.4 31.8
Effect of exchange rates on cash and cash equivalents 1.2 (1.9)
Increase (decrease) in cash and cash equivalents 142.7 (9.3)
Cash and cash equivalents at beginning of period 14.5 19.9
Cash and cash equivalents at end of period 157.2 10.6
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 $ 0.6 $ 0.0