← VIAVI SOLUTIONS 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 | ($99.2m) | $166.9m | ($46.0m) | $5.4m | $28.7m | $46.1m | $15.5m | $25.5m | ($25.8m) | $34.8m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($99.2m) | $166.9m | ($46.0m) | $5.4m | $28.7m | $46.1m | $15.5m | $25.5m | ($25.8m) | $34.8m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($50.4m) | $165.3m | ($46.0m) | $7.8m | $28.7m | $46.1m | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($48.8m) | $1.6m | $0 | ($2.4m) | $0 | $0 | — | — | — | — | |
| Depreciation | $38.1m | $29.4m | $35.7m | $39.7m | $40.0m | $35.8m | $35.7m | $36.2m | $38.6m | $38.4m | |
| Amortization | $32.5m | $28.3m | $47.7m | $72.5m | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | — | $2.5m | $2.6m | $1.4m | $1.4m | $2.0m | $2.8m | $2.5m | $2.6m | $2.4m | |
| Amortization of Debt Issuance Costs and Discounts | $28.8m | $34.6m | $36.4m | $22.7m | $22.2m | $23.7m | $2.8m | $4.2m | $7.5m | $7.3m | |
| Amortization of Intangible Assets | $14.6m | $14.0m | $21.0m | $38.1m | $35.1m | $33.3m | $9.7m | $8.7m | $6.3m | $4.8m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | $300k | ($28.4m) | |
| Share-based Payment Arrangement, Noncash Expense | $44.0m | $33.2m | $30.5m | $38.2m | $44.6m | $48.3m | $52.3m | $51.2m | $49.4m | $53.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $11.4m | $14.3m | $13.3m | $15.5m | $21.0m | $17.9m | $14.1m | $11.8m | $11.1m | $13.2m | |
| Share-based Payment Arrangement, Expense | $42.4m | $33.2m | $30.5m | $38.2m | $44.6m | $48.3m | $52.3m | $51.2m | $49.4m | $53.1m | |
| Goodwill, Impairment Loss | $91.4m | $0 | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | ($5.7m) | ($2.1m) | ($1.4m) | ($100k) | ($100k) | ($2.3m) | ($900k) | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | ($1.1m) | ($5.0m) | $0 | $0 | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | — | $600k | |
| Income Tax Expense (Benefit) | $4.5m | $21.3m | $13.4m | $31.5m | $65.3m | $63.3m | $49.6m | $35.2m | $37.4m | $4.4m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $30.9m | $30.0m | |
| Other Nonoperating Income (Expense) | $2.5m | $13.1m | $9.7m | $6.7m | $9.6m | $3.3m | $5.2m | $7.6m | $21.7m | $11.1m | |
| Changes in operating assets and liabilities: | |||||||||||
| Non-cash transactions: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($23.4m) | ($24.5m) | $54.3m | $15.2m | $5.1m | $15.0m | $18.3m | ($37.4m) | ($13.9m) | $34.1m | |
| Increase (Decrease) in Inventories | $2.6m | $1.6m | $4.5m | $15.4m | ($3.7m) | $14.3m | $27.7m | $10.7m | ($10.5m) | $7.5m | |
| Increase (Decrease) in Accounts Payable | ($2.1m) | ($14.8m) | $13.2m | $8.7m | ($9.2m) | $7.0m | ($5.6m) | ($9.4m) | $3.2m | $14.6m | |
| Asset Retirement Obligation, Accretion Expense | $200k | $200k | $100k | $100k | $100k | $100k | $100k | $100k | $100k | $0 | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($2.6m) | $900k | ($1.3m) | ($2.9m) | $2.1m | $0 | $1.4m | ($2.2m) | ($3.1m) | ($1.7m) | |
| Gain (Loss) on Investments | $71.6m | $203.1m | ($100k) | ($500k) | ($100k) | $0 | $0 | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | $0 | $0 | — | — | — | — | — | $6.7m | $0 | $0 | |
| Goodwill | $152.1m | $151.6m | $336.3m | $381.1m | $381.4m | $396.5m | $387.6m | $455.2m | $452.9m | $595.7m | |
| Investment Income, Interest | $5.9m | $11.1m | $15.9m | $8.1m | $7.1m | $2.9m | $3.4m | $10.2m | $18.9m | $13.1m | |
| Operating Expenses | $634.0m | $472.4m | $487.1m | $584.0m | $547.2m | $572.2m | $588.5m | $556.4m | $555.1m | $563.6m | |
| Restructuring Costs | — | — | — | — | — | — | — | $12.1m | $13.6m | $700k | |
| Net Cash Provided by (Used in) Operating Activities | $52.9m | $80.0m | $66.0m | $138.8m | $135.6m | $243.3m | $178.1m | $114.1m | $116.4m | $89.8m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $35.5m | $38.6m | $42.5m | $45.0m | $31.9m | $52.1m | $72.5m | $51.1m | $19.5m | $27.8m | |
| Property, plant and equipment acquisitions funded by liabilities | $35.5m | $38.6m | $42.5m | $45.0m | $31.9m | $52.1m | $72.5m | $51.1m | $19.5m | $27.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $900k | $0 | $509.9m | $47.0m | $2.5m | $700k | $8.3m | $67.3m | $0 | $120.9m | |
| Gain (Loss) on Sale of Investments | $71.6m | $203.1m | $0 | ($500k) | $0 | $0 | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | — | $3.0m | |
| Net Cash Provided by (Used in) Investing Activities | $244.2m | $113.7m | ($281.6m) | $80.6m | ($29.8m) | ($48.7m) | ($71.0m) | ($127.1m) | ($21.6m) | ($128.4m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $395.7m | $470.4m | $438.3m | $47.3m | $0 | $0 | — | — | — | — | |
| Payments for Repurchase of Common Stock | $44.5m | $92.0m | $40.8m | $11.2m | $44.4m | $42.2m | $235.9m | $83.9m | $20.0m | $16.4m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | — | $200k | |
| Net Cash Provided by (Used in) Financing Activities | ($147.7m) | $325.3m | ($180.5m) | ($300.4m) | ($71.7m) | ($58.8m) | ($210.4m) | ($50.0m) | ($125.7m) | ($23.6m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $2.5m | $2.9m | ($12.9m) | ($17.1m) | $25.2m | ($32.3m) | $5.8m | ($2.9m) | $12.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $2.5m | $2.9m | ($93.9m) | $17.0m | $161.0m | ($135.6m) | ($57.2m) | ($33.8m) | ($49.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $2.5m | $2.9m | $530.4m | $547.4m | $708.4m | $572.8m | $515.6m | $481.8m | $432.1m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $6.6m | $6.7m | $11.2m | $11.8m | $11.3m | $12.3m | $17.9m | $22.0m | $23.9m | $22.9m | |
| Income Taxes Paid, Net | $31.8m | $23.1m | $24.4m | $29.8m | $50.6m | $43.8m | $78.7m | $47.5m | $30.9m | $29.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.