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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (23.1) $ (55.6)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Share-based compensation costs 27.2 33.2
Depreciation and amortization 7.2 7.2
Acquired intangibles amortization 24.6 23.3
Deferred taxes (15.0) (1.1)
Other 3.5 12.6
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 6.6 53.6
Inventories, net (4.6) (6.8)
Prepaid expenses and other current assets (1.9) (4.8)
Other assets 3.4 0.9
Accounts payable (6.3) 16.7
Accrued compensation 0.7 (22.0)
Other accrued liabilities (33.7) (11.8)
Net cash (used in) provided by operating activities (11.4) 45.4
Cash flows from investing activities    
Proceeds from maturity of investments 0.0 3.2
Purchases of short-term investments 0.0 (16.6)
Purchases of property and equipment (9.1) (6.7)
Purchase of intangible assets 0.0 (13.5)
Advance payment on intangible assets 0.0 (116.5)
Net cash used in investing activities (9.1) (150.1)
Cash flows from financing activities    
Proceeds from issuance of shares 7.7 8.5
Payroll taxes related to net share settlement of share-based awards (11.3) (25.3)
Repayment of debt (1.5) (3.0)
Other 1.6 1.7
Net cash used in financing activities (3.5) (18.1)
Effect of exchange rate changes on cash and cash equivalents 0.7 (0.6)
Net decrease in cash and cash equivalents (23.3) (123.4)
Cash and cash equivalents, beginning of period 876.9 924.7
Cash and cash equivalents, end of period $ 853.6 $ 801.3