Lumentum Holdings Inc
For the period ended Sep 28, 2024. Filed Nov 8, 2024.
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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 28, 2024 · Filed Nov 8, 2024
LITE$585.57-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| September 28, 2024 | September 30, 2023 | |
| OPERATING ACTIVITIES: | ||
| Net loss | $(82.4) | $(67.9) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation expense | 27.0 | 28.2 |
| Stock-based compensation | 35.6 | 32.1 |
| Amortization and write-off of acquired intangibles | 43.6 | 29.0 |
| Loss on sales and dispositions of property, plant and equipment | 0.2 | 1.4 |
| Amortization of debt discount and debt issuance costs | 0.7 | 4.9 |
| Write-off of right-of-use assets | 5.3 | — |
| Other non-cash items | (0.3) | (5.7) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (3.8) | 26.1 |
| Inventories | (6.5) | (16.8) |
| Operating lease right-of-use assets, net | (0.2) | 3.7 |
| Prepayments and other current and non-currents assets | (16.6) | 7.3 |
| Income taxes, net | 7.2 | (19.9) |
| Accounts payable | 32.6 | (28.0) |
| Accrued payroll and related expenses | 5.9 | 1.5 |
| Operating lease liabilities | 1.0 | (4.0) |
| Accrued expenses and other current and non-current liabilities | (9.7) | 5.8 |
| Net cash provided by (used in) operating activities | 39.6 | (2.3) |
| INVESTING ACTIVITIES: | ||
| Payments for acquisition of property, plant and equipment | (74.1) | (57.8) |
| Purchases of short-term investments | (63.9) | (149.1) |
| Proceeds from maturities and sales of short-term investments | 90.7 | 227.7 |
| Payments for acquisition of intangible assets | — | (3.0) |
| Proceeds from the sales of property, plant and equipment | 0.2 | — |
| Net cash (used in) provided by investing activities | (47.1) | 17.8 |
| FINANCING ACTIVITIES: | ||
| Payment of withholding taxes related to net share settlement of restricted stock units | (16.0) | (12.9) |
| Proceeds from term loans | 76.5 | — |
| Proceeds from the exercise of stock options | 0.9 | — |
| Principal payments on term loans | (0.4) | — |
| Payment of acquisition related holdback | (1.0) | — |
| Net cash provided by (used in) financing activities | 60.0 | (12.9) |
| Decrease in cash and cash equivalents | 52.5 | 2.6 |
| Cash and cash equivalents at beginning of period | 436.7 | 859.0 |
| Cash and cash equivalents at end of period | $489.2 | $861.6 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid (refund) for taxes, net | $(4.2) | $18.5 |
| Cash paid for interest | 0.1 | 0.6 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Unpaid property, plant and equipment in accounts payable and accrued expenses | 15.9 | 4.2 |
| Unpaid intangible assets in accrued expenses | — | 2.0 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 3.7 | — |
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