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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 25, 2023
Jun. 26, 2022
Current assets:    
Cash and cash equivalents $ 1,757.0 $ 449.5
Short-term investments 1,197.9 749.3
Total cash, cash equivalents and short-term investments 2,954.9 1,198.8
Accounts receivable, net 154.8 150.2
Inventories 327.5 227.0
Income taxes receivable 0.8 1.3
Prepaid expenses 36.8 32.1
Other current assets 131.7 151.4
Current assets held for sale 0.0 1.6
Total current assets 3,606.5 1,762.4
Property and equipment, net 2,191.4 1,481.1
Goodwill 359.2 359.2
Intangible assets, net 115.9 125.4
Long-term receivables 2.6 104.7
Deferred tax assets 1.2 1.0
Other assets 309.9 83.7
Total assets 6,586.7 3,917.5
Current liabilities:    
Accounts payable and accrued expenses 536.9 307.7
Accrued contract liabilities 43.0 37.0
Income taxes payable 9.6 11.6
Finance lease liabilities 0.5 0.5
Other current liabilities 37.9 31.7
Total current liabilities 627.9 388.5
Long-term liabilities:    
Long-term debt 1,149.5 0.0
Convertible notes, net 3,025.6 1,021.6
Deferred tax liabilities 3.9 3.2
Finance lease liabilities - long-term 9.2 9.6
Other long-term liabilities 148.7 55.3
Total long-term liabilities 4,336.9 1,089.7
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at June 25, 2023 and June 26, 2022; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 200,000 shares authorized at June 25, 2023 and June 26, 2022; 124,794 and 123,795 shares issued and outstanding at June 25, 2023 and June 26, 2022, respectively 0.2 0.2
Additional paid-in-capital 3,711.0 4,228.4
Accumulated other comprehensive loss (25.1) (25.3)
Accumulated deficit (2,064.2) (1,764.0)
Total shareholders’ equity 1,621.9 2,439.3
Total liabilities and shareholders’ equity $ 6,586.7 $ 3,917.5