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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 27, 2025
Jun. 28, 2025
Sep. 28, 2024
OPERATING ACTIVITIES:      
Net income (loss) $ 4.2   $ (82.4)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation expense 27.8   27.0
Stock-based compensation 42.4   35.6
Bad debt recovery (0.1)   0.0
Decrease in valuation allowance (0.3) $ 153.1 0.0
Amortization and write-off of acquired intangibles 34.4   43.6
Loss on sales and dispositions of property, plant and equipment 0.4   0.2
Amortization of debt discount and debt issuance costs 0.8   0.7
Inducement expense on partial repurchase of 2026 Notes 5.9   0.0
Write-off of right-of-use assets 0.0   5.3
Other non-cash items (3.0)   (0.3)
Changes in operating assets and liabilities:      
Accounts receivable (56.9)   (3.8)
Inventories (57.5)   (6.5)
Operating lease right-of-use assets, net (2.6)   (0.2)
Prepayments and other current and non-currents assets (2.4)   (16.6)
Income taxes, net (1.9)   7.2
Accounts payable 28.8   32.6
Accrued payroll and related expenses 11.4   5.9
Operating lease liabilities 1.7   1.0
Accrued expenses and other current and non-current liabilities 24.8   (9.7)
Net cash provided by operating activities 57.9   39.6
INVESTING ACTIVITIES:      
Payments for acquisition of property, plant and equipment (76.2)   (74.1)
Purchases of short-term investments (58.3)   (63.9)
Proceeds from maturities and sales of short-term investments 66.7   90.7
Proceeds from the sales of property, plant and equipment 0.0   0.2
Net cash used in investing activities (67.8)   (47.1)
FINANCING ACTIVITIES:      
Proceeds from the issuance of 2032 Notes, net of issuance costs 1,255.7   0.0
Proceeds from term loans 0.0   76.5
Proceeds from the exercise of stock options 1.5   0.9
Payment for partial repurchase of 2026 Notes (843.1)   0.0
Payment for 2032 capped call options (102.0)   0.0
Payment of withholding taxes related to net share settlement of restricted stock units (47.4)   (16.0)
Principal payments on term loans (2.6)   (0.4)
Payment of acquisition related holdback 0.0   (1.0)
Net cash provided by financing activities 262.1   60.0
Increase in cash and cash equivalents 252.2   52.5
Cash and cash equivalents at beginning of period 520.7   436.7
Cash and cash equivalents at end of period 772.9 $ 520.7 489.2
Supplemental disclosure of cash flow information:      
Cash paid (refund) for taxes, net 3.2   (4.2)
Cash paid for interest 0.1   0.1
Supplemental disclosure of non-cash investing and financing activities:      
Right-of-use assets obtained in exchange for new operating lease liabilities 5.2   3.7
2032 Notes      
Supplemental disclosure of non-cash investing and financing activities:      
Unpaid debt issuance costs related to the issuance of 2032 Notes $ 1.1   $ 0.0