XML 19 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net earnings (loss) $ (81,224) $ 191,123
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 197,469 153,714
Amortization 280,667 59,820
Share-based compensation expense 123,674 57,424
Amortization of discount on convertible debt and debt issuance costs 13,690 12,159
Unrealized losses (gains) on foreign currency remeasurements and transactions (945) (912)
Gain from equity investments (435) (1,641)
Deferred income taxes (121,277) (8,917)
Loss on debt extinguishment 6,835 0
Increase (decrease) in cash from changes in (net of effect of acquisitions):    
Accounts receivable 50,887 3,764
Inventories 75,096 (184,073)
Accounts payable (78,985) 27,056
Contract liabilities 13,177 24,473
Income taxes 18,478 19,957
Accrued compensation and benefits (54,893) (40,030)
Other operating net assets (liabilities) 10,279 (37,910)
Net cash provided by operating activities 452,493 276,007
Cash Flows from Investing Activities    
Additions to property, plant & equipment (342,999) (195,991)
Purchases of businesses, net of cash acquired (5,488,556) 0
Other investing activities (2,261) (5,750)
Net cash used in investing activities (5,833,816) (201,741)
Cash Flows from Financing Activities    
Proceeds from borrowings of Revolving Credit Facility 65,000 0
Proceeds from issuance of Series B Preferred Shares 1,400,000 0
Proceeds from issuance of Senior Notes 0 990,000
Payments on Finisar Notes 0 (14,888)
Payments on borrowings under Revolving Credit Facility (65,000) 0
Payments on convertible notes (3,561) 0
Debt issuance costs (126,516) (10,197)
Equity issuance costs (42,000) 0
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan 21,509 17,177
Payments in satisfaction of employees' minimum tax obligations (51,836) (14,948)
Payment of dividends (20,700) (27,608)
Other financing activities (866) (1,715)
Net cash provided by financing activities 3,682,005 891,283
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 22,532 42,874
Net increase (decrease) in cash, cash equivalents, and restricted cash (1,676,786) 1,008,423
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 2,582,371 1,591,892
Cash, Cash Equivalents, and Restricted Cash at End of Period 905,585 2,600,315
Cash paid for interest 190,672 24,158
Cash paid for income taxes 63,485 34,757
Additions to property, plant & equipment included in accounts payable 45,425 71,477
Reconciliation of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents    
Restricted cash 21,000  
Cash, cash equivalents, and restricted cash 901,028 2,600,315
Restricted cash, non-current 4,557 0
Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statements of Cash Flows 905,585 2,600,315
Term A Loan    
Cash Flows from Financing Activities    
Proceeds from borrowing of Term Facility 850,000 0
Payments on existing debt (1,144,025) (46,538)
Term B Loan    
Cash Flows from Financing Activities    
Proceeds from borrowing of Term Facility $ 2,800,000 $ 0