XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 28, 2024
Dec. 30, 2023
OPERATING ACTIVITIES:    
Net loss $ (143.3) $ (167.0)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation expense 52.9 55.4
Stock-based compensation 74.4 66.7
Amortization and write-off of acquired intangibles 82.6 66.6
Loss on sales and dispositions of property, plant and equipment 0.8 1.4
Amortization of debt discount and debt issuance costs 1.5 9.7
Amortization of inventory fair value adjustment in connection with acquisitions 0.0 3.4
Write-off of right-of-use assets 5.5 0.0
Other non-cash items (8.6) (8.5)
Changes in operating assets and liabilities:    
Accounts receivable (32.2) 18.7
Inventories (5.0) 7.5
Operating lease right-of-use assets, net 2.4 (5.1)
Prepayments and other current and non-currents assets (15.0) 6.3
Income taxes, net 28.5 (26.6)
Accounts payable 38.7 (51.1)
Accrued payroll and related expenses 4.0 5.1
Operating lease liabilities (3.4) 6.7
Accrued expenses and other current and non-current liabilities (19.9) 7.0
Net cash provided by (used in) operating activities 63.9 (3.8)
INVESTING ACTIVITIES:    
Payments for acquisition of property, plant and equipment (114.3) (88.8)
Acquisition of businesses, net of cash acquired 0.0 (700.9)
Purchases of short-term investments (190.4) (184.3)
Proceeds from maturities and sales of short-term investments 226.7 599.7
Payments for acquisition of intangible assets 0.0 (3.0)
Proceeds from the sales of property, plant and equipment 0.2 0.2
Net cash used in investing activities (77.8) (377.1)
FINANCING ACTIVITIES:    
Payment of withholding taxes related to net share settlement of restricted stock units (23.8) (16.1)
Proceeds from employee stock plans 8.1 7.3
Proceeds from term loans 76.5 0.0
Principal payments on term loans (2.9) 0.0
Payment of acquisition related holdback (1.0) 0.0
Net cash provided by (used in) financing activities 56.9 (8.8)
Increase (decrease) in cash and cash equivalents 43.0 (389.7)
Cash and cash equivalents at beginning of period 436.7 859.0
Cash and cash equivalents at end of period 479.7 469.3
Supplemental disclosure of cash flow information:    
Cash paid (refund) for taxes, net (6.9) 22.2
Cash paid for interest 9.5 9.9
Supplemental disclosure of non-cash investing and financing activities:    
Unpaid intangible assets in accrued expenses 0.0 2.0
Share-based purchase price consideration in connection with the Cloud Light acquisition 0.0 23.5
Right-of-use assets obtained in exchange for new operating lease liabilities 3.7 16.0
Net transfer of assets from property plant and equipment to assets held-for-sale $ 13.9 $ 0.0