Lumentum Holdings Inc.
For the period ended Sep 27, 2025. Filed Nov 5, 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 Nov 5, 2025
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
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| September 27, 2025 | September 28, 2024 | |
| OPERATING ACTIVITIES: | ||
| Net income (loss) | $4.2 | $(82.4) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation expense | 27.8 | 27.0 |
| Stock-based compensation | 42.4 | 35.6 |
| Bad debt recovery | (0.1) | — |
| Change in valuation allowance on deferred tax assets | (0.3) | — |
| Amortization and write-off of acquired intangibles | 34.4 | 43.6 |
| Loss on sales and dispositions of property, plant and equipment | 0.4 | 0.2 |
| Amortization of debt discount and debt issuance costs | 0.8 | 0.7 |
| Inducement expense on partial repurchase of 2026 Notes | 5.9 | — |
| Write-off of right-of-use assets | — | 5.3 |
| Other non-cash items | (3.0) | (0.3) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (56.9) | (3.8) |
| Inventories | (57.5) | (6.5) |
| Operating lease right-of-use assets, net | (2.6) | (0.2) |
| Prepayments and other current and non-currents assets | (2.4) | (16.6) |
| Income taxes, net | (1.9) | 7.2 |
| Accounts payable | 28.8 | 32.6 |
| Accrued payroll and related expenses | 11.4 | 5.9 |
| Operating lease liabilities | 1.7 | 1.0 |
| Accrued expenses and other current and non-current liabilities | 24.8 | (9.7) |
| Net cash provided by operating activities | 57.9 | 39.6 |
| INVESTING ACTIVITIES: | ||
| Payments for acquisition of property, plant and equipment | (76.2) | (74.1) |
| Purchases of short-term investments | (58.3) | (63.9) |
| Proceeds from maturities and sales of short-term investments | 66.7 | 90.7 |
| Proceeds from the sales of property, plant and equipment | — | 0.2 |
| Net cash used in investing activities | (67.8) | (47.1) |
| FINANCING ACTIVITIES: | ||
| Proceeds from the issuance of 2032 Notes, net of issuance costs | 1,255.7 | — |
| Proceeds from term loans | — | 76.5 |
| Proceeds from the exercise of stock options | 1.5 | 0.9 |
| Payment for partial repurchase of 2026 Notes | (843.1) | — |
| Payment for 2032 capped call options | (102.0) | — |
| Payment of withholding taxes related to net share settlement of restricted stock units | (47.4) | (16.0) |
| Principal payments on term loans | (2.6) | (0.4) |
| Payment of acquisition related holdback | — | (1.0) |
| Net cash provided by financing activities | 262.1 | 60.0 |
| Increase in cash and cash equivalents | 252.2 | 52.5 |
| Cash and cash equivalents at beginning of period | 520.7 | 436.7 |
| Cash and cash equivalents at end of period | $772.9 | $489.2 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid (refund) for taxes, net | $3.2 | $(4.2) |
| Cash paid for interest | 0.1 | 0.1 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Supplemental disclosure of non-cash investing and financing activities: | ||
|---|---|---|
| Unpaid debt issuance costs related to the issuance of 2032 Notes | 1.1 | — |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 5.2 | 3.7 |
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