VIAVI SOLUTIONS INC.
For the period ended Sep 27, 2025. Filed Oct 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 27, 2025 · Filed Oct 30, 2025
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Consolidated Statements of Cash Flows for the
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| September 27, 2025 | September 28, 2024 | |
| OPERATING ACTIVITIES: | ||
| Net loss | $(21.4) | $(1.8) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation expense | 9.8 | 9.7 |
| Amortization of acquired technologies and other intangibles | 8.4 | 4.4 |
| Stock-based compensation | 13.4 | 12.7 |
| Loss on convertible note extinguishment | 3.8 | — |
| Amortization of debt issuance costs | 1.7 | 1.8 |
| Net change in fair value of contingent liabilities | 10.9 | (3.5) |
| Deferred taxes, net | 10.7 | (4.7) |
| Amortization of inventory step-up | 2.6 | — |
| Restructuring | (0.3) | — |
| Other | 1.3 | (0.2) |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable | 17.4 | 13.2 |
| Inventories | (11.6) | 2.9 |
| Other current and non-current assets | (0.5) | (2.4) |
| Accounts payable | (0.5) | (4.0) |
| Income taxes payable | 0.8 | 2.6 |
| Deferred revenue, current and non-current | (10.7) | (4.6) |
| Accrued payroll and related expenses | (9.1) | (5.1) |
| Accrued expenses and other current and non-current liabilities | 4.3 | (7.5) |
| Net cash provided by operating activities | $31.0 | $13.5 |
| INVESTING ACTIVITIES: | ||
| Purchases of short-term investments | $(0.9) | $(43.3) |
| Maturities of short-term investments | 0.9 | 38.6 |
| Capital expenditures | (8.5) | (7.3) |
| Proceeds from the sale of assets | 0.9 | 3.5 |
| Purchase price adjustment related to business acquisition | (0.7) | — |
| Other investing activities | — | (3.0) |
| Net cash used in investing activities | $(8.3) | $(11.5) |
| FINANCING ACTIVITIES: | ||
| Proceeds from issuance of debt | $149.1 | $— |
| Payment of debt issuance costs | (7.8) | — |
| Repurchase and retirement of common stock | (30.0) | (16.4) |
| Withholding tax payment on vesting of restricted stock and performance- based awards | (16.2) | (7.3) |
| Payment of financing obligations | (0.1) | — |
| Proceeds from employee stock purchase plan | 2.7 | 2.7 |
| Net cash provided by (used in) financing activities | $97.7 | $(21.0) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $(0.4) | $15.3 |
| Net increase in cash (decrease), cash equivalents and restricted cash | 120.0 | (3.7) |
| Cash, cash equivalents and restricted cash at the beginning of the period(1) | 432.1 | 481.8 |
| Cash, cash equivalents and restricted cash at the end of the period(2) | $552.1 | $478.1 |
(1)These amounts include both current and non-current balances of restricted cash totaling $8.5 million and $10.5 million as of June 28, 2025 and June 29, 2024, respectively.
(2)These amounts include both current and non-current balances of restricted cash totaling $8.3 million and $10.2 million as of September 27, 2025 and September 28, 2024, respectively.
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