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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Apr. 02, 2016
Mar. 28, 2015
OPERATING ACTIVITIES:    
Net income (loss) $ (28.3) $ (48.0)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation expense 29.8 60.3
Amortization of acquired technologies and other intangibles 24.7 47.0
Stock-based compensation 35.6 50.3
Amortization of debt issuance costs and accretion of debt discount 21.4 20.4
Amortization of discount and premium on investments, net 0.9 2.7
Gain on sale of investments (39.8) (0.1)
Other 1.3 4.6
Changes in operating assets and liabilities, net of impact of Lumentum distribution:    
Accounts receivable 22.6 (14.3)
Inventories (2.2) (6.7)
Other current and non-currents assets 3.7 (5.2)
Accounts payable (8.4) (17.6)
Income taxes payable 8.3 (15.6)
Deferred revenue, current and non-current 8.1 2.4
Deferred taxes, net 7.6 13.6
Accrued payroll and related expenses (22.0) (38.7)
Accrued expenses and other current and non-current liabilities (28.3) (20.6)
Net cash provided by operating activities 35.0 34.5
INVESTING ACTIVITIES:    
Purchases of available-for-sale investments (334.1) (460.0)
Maturities of available-for-sale investments 330.1 450.2
Sales of available-for-sale investments 217.3 69.5
Changes in restricted cash 14.1 5.0
Capital expenditures (26.6) (68.7)
Proceeds from the sale of assets 5.0 5.2
Acquisition of a business (0.9) 0.0
Net cash provided by investing activities 204.9 1.2
FINANCING ACTIVITIES:    
Proceeds from sale of Lumentum Holdings Inc. Series A Preferred Stock 35.8 0.0
Cash contribution to Lumentum Holdings Inc. (137.0) 0.0
Repurchase and retirement of common stock (40.0) (4.7)
Payment of financing obligations (5.7) (23.1)
Proceeds from exercise of employee stock options and employee stock purchase plan 3.0 14.0
Net cash used in financing activities (143.9) (13.8)
Effect of exchange rates on cash and cash equivalents (6.8) (19.9)
Net increase in cash and cash equivalents 89.2 2.0
Cash and cash equivalents at the beginning of the period 347.9 [1] 297.2
Cash and cash equivalents at the end of the period $ 437.1 $ 299.2
[1] Cash and cash equivalents at June 27, 2015 included $13.4 million in current assets of the discontinued operations of Lumentum Holdings Inc.