XML 30 R7.htm IDEA: XBRL DOCUMENT v3.20.1
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Operating activities:    
Net loss from continuing operations $ (151.7) $ (23.3)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 90.9 93.1
Amortization of debt issuance costs and discount 17.2 12.7
Stock-based compensation 41.3 34.5
Loss on disposal or impairment of long-lived assets 2.1 5.7
Amortization of premium/discount on investments 0.5 2.0
Realized (gain) loss on sale of investments (1.3) 0.1
Loss on equity investment 9.2 12.4
Foreign exchange (gain) loss on equity investment (1.2) 0.9
Deferred income taxes (0.8) (1.7)
Changes in operating assets and liabilities:    
Accounts receivable, net (31.9) (63.6)
Inventories 18.4 (20.2)
Prepaid expenses and other assets 1.9 (4.6)
Accounts payable, trade (19.2) 18.4
Accrued salaries and wages and other liabilities (20.6) 81.4
Accrued contract liabilities 5.7 31.9
Net cash (used in) provided by operating activities of continuing operations (39.5) 179.7
Net cash provided by operating activities of discontinued operations 0.0 9.3
Cash (used in) provided by operating activities (39.5) 189.0
Investing activities:    
Purchases of property and equipment (168.9) (93.3)
Purchases of patent and licensing rights (5.2) (7.0)
Proceeds from sale of property and equipment 1.8 0.3
Purchases of short-term investments (425.2) (251.7)
Proceeds from maturities of short-term investments 342.5 146.4
Proceeds from sale of short-term investments 102.8 28.2
Net cash used in investing activities of continuing operations (152.2) (177.1)
Net cash used in investing activities of discontinued operations 0.0 (15.4)
Cash used in investing activities (152.2) (192.5)
Financing activities:    
Proceeds from long-term debt borrowings 0.0 95.0
Payments on long-term debt borrowings, including finance lease obligations (0.4) (387.0)
Proceeds from convertible notes 0.0 575.0
Payments of debt issuance costs 0.0 (12.9)
Proceeds from issuance of common stock 31.0 83.3
Tax withholding on vested equity awards (16.2) (12.4)
Net cash provided by financing activities of continuing operations 14.4 341.0
Net cash provided by financing activities of discontinued operations 0.0 0.0
Cash provided by financing activities 14.4 341.0
Effects of foreign exchange changes on cash and cash equivalents (0.2) (0.2)
Net change in cash and cash equivalents (177.5) 337.3
Cash and cash equivalents, beginning of period 500.5 118.9
Cash and cash equivalents, end of period $ 323.0 $ 456.2