| Jun'19 | Jun'18 | Jul'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 |
|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | ||||||||||
Net (loss) income | ||||||||||
5,400 | -48,600 | 160,200 | -99,200 | -88,100 | -17,800 | 57,000 | -55,600 | 71,600 | -61,800 | -909,500 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||||
Depreciation expense | ||||||||||
39,700 | 35,700 | 29,400 | 38,100 | 80,800 | 72,500 | 68,400 | 70,300 | 64,100 | 58,300 | 68,500 |
Asset retirement obligations and deferred rent expenses | ||||||||||
- | - | - | - | - | - | - | - | - | -7,100 | 100 |
Amortization of acquired technologies and other intangibles | ||||||||||
72,500 | 47,700 | 28,300 | 32,500 | 59,200 | 59,000 | 76,200 | 87,500 | 89,100 | 78,400 | 75,900 |
Stock-based compensation | ||||||||||
38,200 | 30,500 | 33,200 | 44,000 | 66,900 | 64,100 | 56,500 | 49,100 | 41,400 | 43,100 | 50,600 |
Amortization of debt issuance costs and accretion of debt discount | ||||||||||
22,700 | 36,400 | 34,600 | 28,800 | 27,300 | 22,900 | 12,900 | 20,900 | 19,500 | 17,900 | 19,000 |
Amortization of discount and premium on investments, net | ||||||||||
0 | -300 | -800 | -800 | -3,200 | -4,200 | -4,100 | - | - | -2,900 | 300 |
Net change in fair value of contingent liabilities | ||||||||||
-5,900 | 0 | 0 | - | - | - | - | - | - | - | - |
Impairment of goodwill | ||||||||||
- | - | - | 91,400 | 0 | 0 | - | - | - | - | 741,700 |
Loss (Gain) on sales of investments | ||||||||||
-500 | 0 | 203,100 | 71,600 | 100 | 300 | - | - | - | 13,100 | 1,800 |
Loss on disposal of long-lived assets | ||||||||||
-1,400 | -2,100 | -5,700 | -1,500 | -1,100 | - | - | 22,700 | 1,500 | -1,300 | 18,100 |
Gain (Loss) on Extinguishment of Debt | ||||||||||
0 | -5,000 | -1,100 | 0 | 0 | - | - | - | - | - | - |
Other | ||||||||||
-5,100 | -2,200 | -4,800 | -2,100 | -7,100 | -4,400 | -4,300 | -4,500 | -1,600 | - | - |
Impairment of investments | ||||||||||
- | - | - | - | - | - | - | - | - | 1,400 | 18,400 |
Dividends received from long-term investments | ||||||||||
- | - | - | - | - | - | - | - | - | 2,000 | -900 |
Gain on repurchase of debt | ||||||||||
- | - | - | - | - | - | - | - | - | - | 17,000 |
Allowance for doubtful accounts and sales returns | ||||||||||
- | - | - | - | - | - | - | - | - | 1,500 | 2,700 |
Changes in operating assets and liabilities, net of acquisitions: | ||||||||||
Accounts receivable | ||||||||||
15,200 | 51,900 | -23,700 | -23,400 | 12,500 | 9,600 | -39,200 | -17,200 | 52,800 | 62,300 | -105,500 |
Inventories | ||||||||||
15,400 | 5,500 | 1,100 | 2,600 | 6,000 | 3,200 | -27,200 | 7,700 | 38,600 | -22,200 | -15,400 |
Other current and non-currents assets | ||||||||||
2,500 | -2,600 | 18,200 | -5,100 | 9,000 | -5,400 | 15,300 | 14,800 | -9,700 | -18,300 | 10,300 |
Accounts payable | ||||||||||
8,700 | 13,200 | -14,800 | -2,100 | -10,100 | 25,900 | -16,100 | -29,200 | 9,700 | 20,800 | -12,600 |
Income taxes payable | ||||||||||
5,000 | 1,100 | -200 | -1,500 | -21,300 | 1,300 | 100 | -800 | -4,000 | -9,500 | 4,900 |
Deferred revenue, current and non-current | ||||||||||
-3,100 | 7,300 | -20,600 | -2,400 | 3,200 | 2,700 | 1,100 | -5,100 | 44,100 | 33,400 | -15,200 |
Deferred taxes, net | ||||||||||
1,900 | 6,800 | -1,700 | -600 | -19,800 | 33,100 | 119,500 | 3,500 | 35,600 | - | - |
Accrued payroll and related expenses | ||||||||||
5,900 | -3,000 | -500 | -13,800 | -32,400 | -19,600 | -9,400 | -25,300 | -1,000 | 11,700 | -11,300 |
Accrued expenses and other current and non-current liabilities | ||||||||||
-22,300 | -2,300 | 29,300 | -10,800 | -6,800 | -2,200 | 1,100 | -11,100 | -15,000 | -33,600 | -36,300 |
Net cash provided by operating activities | ||||||||||
138,800 | 66,000 | 94,300 | 64,300 | 82,300 | 176,600 | 187,800 | 119,100 | 205,300 | 119,200 | 107,400 |
INVESTING ACTIVITIES: | ||||||||||
Purchases of available-for-sale investments | ||||||||||
0 | 382,900 | 679,400 | 422,400 | 562,700 | 1,072,900 | 466,600 | 444,800 | 355,300 | 427,100 | 543,600 |
Maturities of available-for-sale investments | ||||||||||
47,300 | 438,300 | 470,400 | 395,700 | 574,800 | 480,900 | 287,700 | 316,600 | 177,600 | - | - |
Sales of available-for-sale investments | ||||||||||
119,900 | 204,700 | 355,200 | 287,300 | 71,400 | 249,100 | 288,900 | 101,600 | 107,700 | - | - |
Purchases of long-term investments | ||||||||||
- | - | - | - | - | - | - | - | - | 500 | 4,000 |
Proceeds received from divestiture of business, net of selling costs | ||||||||||
- | - | - | - | - | - | - | - | - | 2,000 | - |
Capital expenditures | ||||||||||
45,000 | 42,500 | 38,600 | 35,500 | 101,500 | 99,800 | 65,100 | 72,200 | 116,700 | 41,400 | 54,700 |
Proceeds from the sale of assets | ||||||||||
5,400 | 5,800 | 5,900 | 6,000 | 6,200 | 9,200 | 11,700 | 2,100 | 700 | 1,000 | 2,300 |
Maturities and sales of investments | ||||||||||
- | - | - | - | - | - | - | - | - | 623,500 | 745,100 |
Changes in restricted cash | ||||||||||
- | - | - | -14,000 | -6,000 | 2,300 | -1,600 | -3,500 | 2,300 | 21,100 | 1,200 |
Acquisitions, net of cash acquired | ||||||||||
47,000 | 509,900 | 0 | 900 | 0 | 216,000 | 83,200 | 12,500 | - | 207,300 | 12,500 |
Proceeds from sale of subsidiary | ||||||||||
- | - | - | - | - | - | - | - | - | 3,500 | 8,700 |
Dividends received from long-term investments | ||||||||||
- | - | - | - | - | - | - | - | - | 2,000 | 700 |
Net cash (used in) provided by investing activities | ||||||||||
80,600 | -286,500 | 113,500 | 244,200 | -5,800 | -651,800 | -25,000 | -105,700 | -188,300 | -65,400 | 140,800 |
FINANCING ACTIVITIES: | ||||||||||
Proceeds from sale of Lumentum Holdings Inc. Series A Preferred Stock | ||||||||||
- | - | - | 35,800 | 0 | 0 | - | - | - | - | - |
Cash contribution to Lumentum Holdings Inc. | ||||||||||
- | - | - | 137,600 | 0 | 0 | - | - | - | - | - |
Proceeds from Convertible Debt | ||||||||||
0 | 225,000 | 460,000 | 0 | 0 | 650,000 | - | - | - | - | - |
Payment of debt issuance costs | ||||||||||
500 | 1,700 | 8,900 | 0 | 0 | 13,500 | 200 | 1,900 | - | - | - |
Repurchase and retirement of common stock | ||||||||||
11,200 | 40,800 | 92,000 | 44,500 | 4,800 | 155,200 | - | - | - | - | 86,800 |
Withholding tax payment on vesting of restricted stock awards | ||||||||||
15,500 | 13,300 | 14,300 | 11,400 | - | - | - | - | - | - | - |
Repurchase and redemption of convertible debt | ||||||||||
276,900 | 353,300 | 45,400 | 0 | 0 | - | 306,800 | 13,200 | 200 | - | 139,200 |
Payment of financing obligations | ||||||||||
1,700 | 1,300 | 800 | 5,900 | 23,300 | 14,200 | 2,500 | 11,600 | 6,800 | 8,600 | 400 |
Proceeds from financing obligations | ||||||||||
- | - | - | - | - | - | - | 6,900 | - | - | 300 |
Proceeds from exercise of employee stock purchase plan | ||||||||||
5,400 | 4,900 | 12,400 | 4,500 | 20,800 | 22,500 | 25,700 | 17,900 | 38,100 | 9,600 | 5,200 |
Net cash used in financing activities | ||||||||||
-300,400 | -180,500 | 311,000 | -159,100 | -7,300 | 489,600 | -283,800 | -1,900 | 31,100 | 1,000 | -220,900 |
Effect of exchange rates on cash, cash equivalents and restricted cash | ||||||||||
-12,900 | 2,900 | 2,500 | -14,400 | -18,500 | 1,800 | 900 | -5,800 | 7,100 | -1,500 | -6,000 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||
-93,900 | -398,100 | 521,300 | 135,000 | 50,700 | 16,200 | -120,100 | 5,700 | 55,200 | 53,300 | 21,300 |
Cash paid for interest | ||||||||||
11,800 | 11,200 | 6,700 | 6,600 | 6,500 | 4,600 | 4,800 | 6,000 | 5,800 | 6,100 | 6,500 |
Cash paid for income taxes | ||||||||||
29,800 | 24,400 | 23,100 | 31,800 | 23,800 | 18,700 | 14,300 | 16,200 | 15,300 | 9,600 | 12,900 |
Non-cash transactions: | ||||||||||
Purchase of infrastructure technology equipment and licenses | ||||||||||
- | - | - | - | - | - | - | 3,200 | 7,100 | - | - |
Cash received for tax refunds | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,200 |
Purchase of software licenses | ||||||||||
- | - | - | - | - | - | - | - | - | - | 11,100 |