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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Apr. 01, 2023
Apr. 02, 2022
OPERATING ACTIVITIES:    
Net (loss) income $ 25.6 $ (1.0)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation expense 26.4 30.1
Amortization of acquired technologies and other intangibles 25.2 30.2
Stock-based compensation 38.8 39.7
Loss on convertible note settlement 0.0 98.7
Loss on convertible note modification 2.2 0.0
Amortization of debt issuance costs 2.3 2.2
Deferred taxes, net 4.1 (10.8)
Restructuring 10.2 0.0
Gain on legal settlement (6.7) 0.0
Other 4.1 2.0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 47.6 (19.2)
Inventories (20.0) (26.5)
Other current and non-currents assets 19.0 (2.5)
Accounts payable (13.3) (4.9)
Income taxes payable (6.2) (27.5)
Deferred revenue, current and non-current (6.3) 9.8
Accrued payroll and related expenses (35.1) (16.9)
Accrued expenses and other current and non-current liabilities (27.3) 1.1
Net cash provided by operating activities 90.6 104.5
INVESTING ACTIVITIES:    
Capital expenditures (43.7) (53.4)
Proceeds from the sale of assets 3.5 3.4
Acquisitions, net of cash hold back (64.4) (1.2)
Purchase price adjustment related to business acquisition (0.7) 0.0
Net cash used in investing activities (105.3) (51.2)
FINANCING ACTIVITIES:    
Proceeds from issuance of debt 118.0 400.0
Payment of debt issuance costs (3.9) (10.2)
Repurchase and retirement of common stock (73.9) (207.0)
Withholding tax payment on vesting of restricted stock and performance based-awards (11.4) (12.5)
Payment of financing obligations (0.1) (0.1)
Proceeds from employee stock purchase plan 7.9 7.8
Proceeds from revolving credit facility 0.0 150.0
Repayment of revolving credit facility 0.0 (150.0)
Payment of acquisition related obligations (0.7) (0.9)
Payment of acquisition related contingent consideration (6.6) (4.1)
Net cash provided by (used in) financing activities 29.3 (151.3)
Effect of exchange rates on cash, cash equivalents and restricted cash 5.8 (8.9)
Net increase (decrease) in cash, cash equivalents and restricted cash 20.4 (106.9)
Cash, cash equivalents and restricted cash at the beginning of the period [1] 572.8 708.4
Cash, cash equivalents and restricted cash at the end of the period [2] 593.2 601.5
Note holders    
FINANCING ACTIVITIES:    
Cash paid in convertible note settlement 0.0 (320.2)
Third parties    
FINANCING ACTIVITIES:    
Cash paid in convertible note settlement $ 0.0 $ (4.1)
[1] These amounts include both current and non-current balances of restricted cash totaling $12.9 million and $10.6 million as of July 2, 2022 and July 3, 2021, respectively.
[2] These amounts include both current and non-current balances of restricted cash totaling $12.6 million and $11.7 million as of April 1, 2023 and April 2, 2022, respectively.