v3.24.2.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 25, 2023
Current assets:    
Cash and cash equivalents $ 1,045.9 $ 1,757.0
Short-term investments 1,128.7 1,197.9
Total cash, cash equivalents and short-term investments 2,174.6 2,954.9
Accounts receivable, net 147.4 154.8
Inventories 440.7 284.9
Income taxes receivable 0.5 0.8
Prepaid expenses 56.6 36.8
Other current assets 179.8 131.5
Current assets held for sale from discontinued operations 0.0 42.8
Total current assets 2,999.6 3,606.5
Property and equipment, net 3,652.3 2,165.5
Goodwill 359.2 359.2
Intangible assets, net 23.9 23.9
Long-term receivables 2.3 2.6
Other long-term investments 79.3 0.0
Deferred tax assets 1.1 1.2
Other assets 866.9 303.3
Long-term assets held for sale from discontinued operations 0.0 124.5
Total assets 7,984.6 6,586.7
Current liabilities:    
Accounts payable and accrued expenses 523.6 534.5
Contract liabilities and distributor-related reserves 62.3 39.0
Income taxes payable 1.0 9.6
Finance lease liabilities 0.5 0.5
Other current liabilities 77.9 35.7
Current liabilities held for sale from discontinued operations 0.0 8.6
Total current liabilities 665.3 627.9
Long-term liabilities:    
Long-term debt 3,126.2 1,149.5
Convertible notes, net 3,034.9 3,025.6
Deferred tax liabilities 10.8 3.9
Finance lease liabilities - long-term 8.9 9.2
Other long-term liabilities 256.4 143.4
Long-term liabilities held for sale from discontinued operations 0.0 5.3
Total long-term liabilities 6,437.2 4,336.9
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at June 30, 2024 and June 25, 2023; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 400,000 shares authorized at June 30, 2024 and 200,000 shares authorized at June 25, 2023; 126,409 and 124,794 shares issued and outstanding at June 30, 2024 and June 25, 2023, respectively 0.2 0.2
Additional paid-in-capital 3,821.9 3,711.0
Accumulated other comprehensive loss (11.6) (25.1)
Accumulated deficit (2,928.4) (2,064.2)
Total shareholders’ equity 882.1 1,621.9
Total liabilities and shareholders’ equity $ 7,984.6 $ 6,586.7