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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 24, 2023
Cash flows from operating activities      
Net (loss)/income $ (47.8) $ 125.6 $ 73.6
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:      
Share-based compensation costs 112.8 118.8 122.0
Depreciation 28.9 27.6 27.4
Acquired intangible assets amortization 114.2 81.6 130.4
Deferred taxes (75.4) (288.8) (25.9)
Intangible asset impairment charge 13.8 16.0 0.0
Other 24.7 25.0 27.4
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net 12.3 22.4 161.3
Inventories (25.1) 6.5 24.6
Prepaid expenses and other assets 12.0 (14.3) 3.3
Accounts payable 10.8 38.9 (95.6)
Income taxes payable (43.3) (19.1) (15.6)
Other accrued liabilities 4.1 (4.3) (101.4)
Net cash provided by operating activities 142.0 135.9 331.5
Cash flows from investing activities      
Acquisition of business, net of cash and cash equivalents acquired (201.1) 0.0 (15.5)
Advance payment on intangible assets 0.0 (120.3) 0.0
Proceeds from maturities of investments 0.0 26.5 21.4
Proceeds from sale of investments 0.0 0.0 22.2
Purchases of short-term investments (61.0) (16.6) 0.0
Purchases of property and equipment (25.8) (33.8) (34.2)
Purchase of intangible assets (10.0) (13.5) 0.0
Other 0.0 0.0 0.1
Net cash used by investing activities (297.9) (157.7) (6.0)
Cash flows from financing activities      
Proceeds from issuance of convertible notes, net of issuance costs 439.5 0.0 0.0
Payment of debt issuance costs on convertible senior notes and revolving credit facility (4.4) 0.0 0.0
Payments for capped call transactions related to convertible senior notes (49.9) 0.0 0.0
Proceeds from issuance of shares 13.9 15.9 17.6
Payroll taxes related to net share settlement of share-based awards (19.6) (36.9) (54.5)
Repurchases of common stock, exclusive of excise taxes (128.3) 0.0 (183.5)
Repayment of debt (583.5) (7.5) (6.0)
Other 0.9 3.4 5.1
Net cash used by financing activities (331.4) (25.1) (221.3)
Effect of exchange rate changes on cash and cash equivalents 1.9 (0.9) (3.5)
Net (decrease)/increase in cash and cash equivalents (485.4) (47.8) 100.7
Cash and cash equivalents, beginning of period 876.9 924.7 824.0
Cash and cash equivalents, end of period 391.5 876.9 924.7
Supplemental disclosures of cash flow information      
Cash paid for taxes, net of refunds 47.2 55.2 91.4
Cash paid for interest 38.7 63.4 51.9
Supplemental disclosures of non-cash transactions      
Deferred payment of purchase consideration 3.2 0.0 0.0
Purchases of property and equipment in current liabilities 3.5 4.3 2.2
Receipt of intangible assets from advance payments $ 0.0 $ 74.0 $ 30.0