XML 16 R3.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 03, 2021
Revenues:      
Total net revenue $ 1,106.1 $ 1,292.4 $ 1,198.9
Cost of revenues:      
Amortization of acquired technologies 24.6 30.0 33.2
Total cost of revenues 467.3 518.9 484.5
Gross profit 638.8 773.5 714.4
Operating expenses:      
Research and development 206.9 213.2 203.0
Selling, general and administrative 328.7 365.7 337.5
Amortization of other intangibles 8.7 9.7 33.3
Restructuring and related charges (benefits) 12.1 (0.1) (1.6)
Total operating expenses 556.4 588.5 572.2
Income from operations 82.4 185.0 142.2
Loss on convertible note settlement 0.0 (101.8) 0.0
Loss on convertible note modification (2.2) 0.0 0.0
Interest and other income, net 7.6 5.2 3.3
Interest expense (27.1) (23.3) (14.7)
Income before income taxes 60.7 65.1 130.8
Provision for income taxes 35.2 49.6 63.3
Net income $ 25.5 $ 15.5 $ 67.5
Net income per share:      
Basic (usd per share) $ 0.11 $ 0.07 $ 0.30
Diluted (usd per share) $ 0.11 $ 0.07 $ 0.29
Shares used in per-share calculations:      
Basic (in shares) 224.6 230.9 228.7
Diluted (in shares) 226.6 238.2 236.3
Product      
Revenues:      
Total net revenue $ 936.1 $ 1,135.5 $ 1,051.4
Cost of revenues:      
Cost of revenue 364.9 421.3 391.7
Service      
Revenues:      
Total net revenue 170.0 156.9 147.5
Cost of revenues:      
Cost of revenue $ 77.8 $ 67.6 $ 59.6