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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 25, 2022
Jun. 26, 2022
Current assets:    
Cash and cash equivalents $ 521.6 $ 449.5
Short-term investments 675.6 749.3
Total cash, cash equivalents and short-term investments 1,197.2 1,198.8
Accounts receivable, net 158.6 150.2
Inventories 241.8 227.0
Income taxes receivable 0.6 1.3
Prepaid expenses 30.6 32.1
Other current assets 123.8 151.4
Current assets held for sale 1.6 1.6
Total current assets 1,754.2 1,762.4
Property and equipment, net 1,529.5 1,481.1
Goodwill 359.2 359.2
Intangible assets, net 122.7 125.4
Long-term receivables 2.9 104.7
Deferred tax assets 1.0 1.0
Other assets 89.0 83.7
Total assets 3,858.5 3,917.5
Current liabilities:    
Accounts payable and accrued expenses 307.1 307.7
Accrued contract liabilities 37.4 37.0
Income taxes payable 9.1 11.6
Finance lease liabilities 0.4 0.5
Other current liabilities 26.8 31.7
Total current liabilities 380.8 388.5
Long-term liabilities:    
Convertible notes, net 1,300.8 1,021.6
Deferred tax liabilities 3.4 3.2
Finance lease liabilities - long-term 9.5 9.6
Other long-term liabilities 54.4 55.3
Total long-term liabilities 1,368.1 1,089.7
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at September 25, 2022 and June 26, 2022; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 200,000 shares authorized at September 25, 2022 and June 26, 2022; 124,210 and 123,795 shares issued and outstanding at September 25, 2022 and June 26, 2022, respectively 0.2 0.2
Additional paid-in-capital 3,902.2 4,228.4
Accumulated other comprehensive loss (32.3) (25.3)
Accumulated deficit (1,760.5) (1,764.0)
Total shareholders’ equity 2,109.6 2,439.3
Total liabilities and shareholders’ equity $ 3,858.5 $ 3,917.5