← Lumentum Holdings Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $9.3m | ($102.5m) | $248.1m | ($36.4m) | $135.5m | $397.3m | $198.9m | ($131.6m) | ($546.5m) | $25.9m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $21.0m | ($103.4m) | $241.5m | ($37.9m) | $135.5m | $397.3m | $198.9m | ($131.6m) | ($546.5m) | $25.9m | |
| Amortization of Debt Issuance Costs | $0 | $5.1m | — | $800k | — | — | — | — | — | $3.0m | |
| Amortization of Intangible Assets | $7.2m | $6.8m | $3.2m | $54.6m | $78.6m | $85.7m | $85.5m | $127.7m | $150.6m | $149.7m | |
| Depreciation | $47.4m | $54.2m | $74.0m | $102.9m | $113.3m | $91.4m | $81.6m | $106.6m | $110.6m | $104.3m | |
| Share-based Payment Arrangement, Noncash Expense | $24.9m | $32.7m | $46.8m | $60.7m | $73.2m | $92.9m | $103.1m | $148.4m | $128.8m | $177.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $2.4m | $14.0m | $39.7m | $39.0m | $37.2m | $24.0m | $41.7m | |
| Share-based Payment Arrangement, Expense | $26.9m | $32.7m | $46.8m | $70.7m | $73.2m | $92.9m | $103.1m | $148.4m | $128.8m | $177.4m | |
| Goodwill, Impairment Loss | $0 | $0 | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | $5.5m | $24.7m | $6.8m | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | — | $7.8m | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | $30.7m | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | — | — | — | — | — | — | — | $177.2m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($600k) | ($200k) | ($600k) | ($2.2m) | ($21.8m) | $0 | $0 | $300k | $800k | $300k | |
| Gain (Loss) on Disposition of Business | — | — | — | — | $14.5m | $500k | $0 | $0 | — | — | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | — | — | — | ($5.2m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | $0 | ($93.2m) | $4.9m | $3.1m | ($300k) | $3.0m | ($8.6m) | ($2.6m) | $34.9m | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | ($8.0m) | $0 | $0 | — | — | — | |
| Income Tax Expense (Benefit) | $400k | $42.7m | ($118.7m) | $3.1m | $38.8m | $65.8m | $36.2m | $29.2m | $140.8m | ($198.0m) | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $33.8m | $22.2m | |
| Other Nonoperating Income (Expense) | ($1.2m) | ($3.2m) | ($9.7m) | $15.8m | $31.4m | $2.8m | $12.0m | $48.8m | $62.1m | $30.2m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $21.8m | ($4.2m) | $30.8m | ($27.7m) | ($5.0m) | ($20.2m) | $49.2m | ($83.2m) | ($72.3m) | $58.7m | |
| Increase (Decrease) in Inventories | $3.1m | $41.7m | $7.7m | ($40.6m) | ($32.7m) | $6.6m | $51.8m | $81.5m | ($73.8m) | $71.3m | |
| Increase (Decrease) in Accounts Payable | $28.9m | ($16.9m) | $4.8m | ($10.6m) | ($11.7m) | ($34.0m) | $47.0m | ($74.0m) | ($89.7m) | $69.2m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($900k) | $600k | ($300k) | ($600k) | ($1.4m) | ($4.4m) | $6.1m | $7.0m | — | — | |
| Goodwill | $5.4m | $11.4m | $11.3m | $368.9m | $368.9m | $368.9m | $368.9m | $695.1m | $1.1b | $1.1b | |
| Inventory Write-down | — | — | — | $20.8m | — | — | — | — | — | — | |
| Investment Income, Interest | — | — | — | $13.9m | $15.8m | $5.7m | $6.1m | $40.8m | — | — | |
| Operating Expenses | $265.8m | $270.5m | $292.2m | $447.5m | $446.1m | $256.1m | $485.3m | $684.7m | $685.5m | $640.0m | |
| Payments of Financing Costs | $2.3m | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from Contributions from Affiliates | $134.2m | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $1.9m | $3.4m | $1.7m | $400k | $700k | $200k | $0 | $0 | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $1.6b | $1.7b | $1.7b | $1.7b | $1.8b | $1.4b | $1.6b | |
| Unrealized Gain (Loss) on Derivatives | ($600k) | ($104.2m) | ($800k) | $8.8m | $0 | $0 | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $86.6m | $85.0m | $247.5m | $330.1m | $524.3m | $738.7m | $459.3m | $179.8m | $24.7m | $126.3m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $82.0m | $138.1m | $93.2m | $166.0m | $86.0m | $84.8m | $91.2m | $128.5m | $133.0m | $231.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $5.1m | $0 | $619.8m | $0 | $0 | $0 | $861.6m | $700.9m | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($82.0m) | ($425.7m) | ($127.0m) | ($779.7m) | ($987.7m) | $1.0m | ($226.3m) | ($874.0m) | ($114.3m) | ($84.1m) | |
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | — | — | $0 | $0 | $200.0m | $236.0m | $543.9m | $175.6m | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | $136.4m | $456.7m | $3.8m | $485.1m | $328.8m | ($263.4m) | $282.9m | $263.0m | ($332.7m) | $41.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($200k) | $0 | $0 | — | — | — | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $142.6m | $115.8m | $124.4m | $35.3m | ($134.6m) | $476.3m | $515.9m | ($431.2m) | ($422.3m) | $84.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $432.6m | $298.0m | $774.3m | $1.3b | $859.0m | $436.7m | $520.7m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $0 | $0 | $1.3m | $15.1m | $13.4m | $6.4m | $7.5m | $10.8m | $19.7m | $19.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.