Lumentum Holdings Inc.
For the period ended Dec 27, 2025. Filed Feb 4, 2026.
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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.
Dec 27, 2025 · Filed Feb 4, 2026
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
| Six Months Ended | ||
|---|---|---|
| December 27, 2025 | December 28, 2024 | |
| OPERATING ACTIVITIES: | ||
| Net income (loss) | $82.4 | $(143.3) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation expense | 58.4 | 52.9 |
| Stock-based compensation | 87.8 | 74.4 |
| Bad debt recovery | (0.1) | — |
| Change in valuation allowance on deferred tax assets | 1.4 | — |
| Amortization and write-off of acquired intangibles | 68.4 | 82.6 |
| Write-down and loss on sales and dispositions of property, plant and equipment | 12.0 | 0.8 |
| Amortization of debt discount and debt issuance costs | 1.9 | 1.5 |
| Inducement expense on partial repurchase of 2026 Notes | 5.9 | — |
| Write-off of right-of-use assets | — | 5.5 |
| Other non-cash items | (6.2) | (8.6) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (126.7) | (32.2) |
| Inventories | (102.5) | (5.0) |
| Operating lease right-of-use assets, net | (1.7) | 2.4 |
| Prepayments and other current and non-currents assets | (27.4) | (15.0) |
| Income taxes, net | 1.5 | 28.5 |
| Accounts payable | 79.9 | 38.7 |
| Accrued payroll and related expenses | 27.4 | 4.0 |
| Operating lease liabilities | 0.4 | (3.4) |
| Accrued expenses and other current and non-current liabilities | 21.8 | (19.9) |
| Net cash provided by operating activities | 184.6 | 63.9 |
| INVESTING ACTIVITIES: | ||
| Payments for acquisition of property, plant and equipment | (159.8) | (114.3) |
| Purchases of short-term investments | (257.5) | (190.4) |
| Proceeds from maturities and sales of short-term investments | 118.0 | 226.7 |
| Proceeds from the sales of property, plant and equipment | 0.1 | 0.2 |
| Net cash used in investing activities | (299.2) | (77.8) |
| FINANCING ACTIVITIES: | ||
| Proceeds from the issuance of 2032 Notes, net of issuance costs | 1,254.7 | — |
| Proceeds from term loans | 47.9 | 76.5 |
| Proceeds from employee stock plans | 8.7 | 8.1 |
| 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 | (107.4) | (23.8) |
| Principal payments on term loans | (5.1) | (2.9) |
| Payment for financing costs related to revolving credit facility | (2.0) | — |
| Payment for conversions of convertible notes | (0.1) | — |
| Payment of acquisition related holdback | — | (1.0) |
| Net cash provided by financing activities | 251.6 | 56.9 |
| Increase in cash and cash equivalents | 137.0 | 43.0 |
| Cash and cash equivalents at beginning of period | 520.7 | 436.7 |
| Cash and cash equivalents at end of period | $657.7 | $479.7 |
| Supplemental disclosure of cash flow information: | ||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Cash paid (refund) for taxes, net | $17.9 | $(6.9) |
|---|---|---|
| Cash paid for interest | 10.3 | 9.5 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | 6.8 | 3.7 |
| Net transfer of assets from property plant and equipment to assets held-for-sale | 44.9 | 13.9 |
| Unpaid financing costs related to revolving credit facility | 0.5 | — |
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