XML 31 R10.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities      
Net loss $ (259,458) $ 234,759 $ 297,552
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation 267,562 207,132 187,803
Amortization 414,125 79,647 82,266
Share-based compensation expense 148,872 73,214 70,953
Restructuring charges 119,456 0 0
Amortization of discount on convertible debt and debt issuance costs 19,850 18,807 20,732
Debt extinguishment expense 6,855 0 24,747
Losses (gains) on disposals of property, plant and equipment 2,440 617 2,537
Unrealized losses (gains) on foreign currency remeasurements and transactions (3,549) 1,167 5,545
Earnings from equity investments 66 (2,190) (14,246)
Deferred income taxes (206,822) (8,154) (371)
Increase (decrease) in cash from changes in (net of effects of acquisitions):      
Accounts receivable 68,315 (55,193) (51,697)
Inventories 174,136 (230,882) (44,645)
Accounts payable (83,330) 97,053 2,266
Contract Liabilities (18,957) 26,614 2,820
Income taxes 28,651 17,961 (18,086)
Accrued compensation and benefits (57,140) (9,382) 23,934
Other operating net assets (liabilities) 12,953 (37,838) (17,757)
Net cash provided by operating activities 634,025 413,332 574,353
Cash Flows from Investing Activities      
Additions to property, plant & equipment (436,060) (314,332) (146,337)
Purchases of businesses, net of cash acquired (5,488,556) 0 (34,394)
Other investing activities (4,010) (5,750) 7,774
Net cash used in investing activities (5,928,626) (320,082) (172,957)
Cash Flows from Financing Activities      
Proceeds from issuance of Senior Notes 0 990,000 0
Proceeds from issuance of common shares 0 0 460,000
Payments on convertible notes (3,561) 0 0
Payment of Finisar Notes 0 (14,888) 0
Payments on existing debt (1,265,175) (62,050) (851,650)
Payments on borrowings under Revolving Credit Facility (65,000) 0 (74,000)
Debt issuance costs (126,516) (10,197) 0
Equity issuance costs (42,000) 0 (58,596)
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan 24,167 17,858 32,360
Payments in satisfaction of employees’ minimum tax obligations (54,172) (21,249) (19,701)
Payment of dividends (27,600) (34,508) (20,319)
Other financing activities (1,124) (2,013) (2,367)
Net cash provided by financing activities 3,554,019 862,953 675,727
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (4,223) 34,276 21,723
Net increase in cash and cash equivalents, and restricted cash (1,744,805) 990,479 1,098,846
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 2,582,371 1,591,892 493,046
Cash, Cash Equivalents, and Restricted Cash at End of Period 837,566 2,582,371 1,591,892
Cash paid for interest 282,835 57,314 37,266
Cash paid for income taxes 89,567 50,000 60,393
Non cash transactions:      
Additions to property, plant & equipment included in accounts payable 36,777 84,890 32,028
Reconciliation of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents      
Restricted cash 16,256    
Cash, cash equivalents, and restricted cash 833,333 2,582,371 1,591,892
Restricted cash, non-current 4,233 0 0
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows 837,566 2,582,371 1,591,892
Revolving Credit Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings of Revolving Credit Facility 65,000 0 0
Term A Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings of Term Facility 850,000 0 0
Term B Facility      
Cash Flows from Financing Activities      
Proceeds from borrowings of Term Facility 2,800,000 0 0
Series A Preferred Stock      
Cash Flows from Financing Activities      
Proceeds from issuance of preferred shares 0 0 460,000
Series B Preferred Stock      
Cash Flows from Financing Activities      
Proceeds from issuance of preferred shares $ 1,400,000 $ 0 $ 750,000