VIAVI SOLUTIONS INC.
For the period ended Mar 28, 2026. Filed Apr 30, 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.
Mar 28, 2026 · Filed Apr 30, 2026
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Consolidated Statements of Cash Flows for the
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| March 28, 2026 | March 29, 2025 | |
| OPERATING ACTIVITIES: | ||
| Net (loss) income | $(63.1) | $26.8 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation expense | 30.1 | 28.8 |
| Amortization of acquired technologies and other intangibles | 47.6 | 16.0 |
| Stock-based compensation | 41.2 | 40.5 |
| Loss on debt extinguishment | 46.2 | — |
| Amortization of debt issuance costs | 4.9 | 5.5 |
| Net change in fair value of contingent liabilities | 24.3 | (4.9) |
| Deferred taxes, net | 9.5 | (29.9) |
| Amortization of inventory step-up | 6.1 | 1.7 |
| Restructuring | 16.9 | 0.9 |
| Other | 6.9 | (4.6) |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable | (62.5) | (31.9) |
| Inventories | (37.3) | (0.3) |
| Other current and non-current assets | (5.7) | (1.5) |
| Accounts payable | 13.4 | 15.7 |
| Income taxes payable | 3.4 | 5.6 |
| Deferred revenue, current and non-current | (13.2) | (0.9) |
| Accrued payroll and related expenses | 9.1 | 6.8 |
| Accrued expenses and other current and non-current liabilities | (30.6) | (8.3) |
| Net cash provided by operating activities | $47.2 | $66.0 |
| INVESTING ACTIVITIES: | ||
| Purchases of short-term investments | $(64.6) | $(147.7) |
| Maturities of short-term investments | 64.7 | 145.5 |
| Capital expenditures | (20.0) | (22.3) |
| Proceeds from the sale of assets | 2.6 | 4.7 |
| Acquisitions, net of acquired cash and holdbacks | (399.3) | (117.9) |
| Purchase price adjustment related to business acquisition | (0.7) | — |
| Other investing activities | — | (3.0) |
| Net cash used in investing activities | $(417.3) | $(140.7) |
| FINANCING ACTIVITIES: | ||
| Proceeds from issuance of debt | $749.1 | $— |
| Repayment of debt | (199.0) | — |
| Payment of debt issuance costs | (23.4) | — |
| Repurchase and retirement of common stock | (30.0) | (16.4) |
| Withholding tax payment on vesting of restricted stock and performance- based awards | (23.0) | (13.1) |
| Cash paid to third parties in convertible note extinguishment | (1.0) | — |
| Payment of financing obligations | (0.2) | (0.2) |
| Proceeds from employee stock purchase plan | 6.5 | 6.0 |
| Payment of acquisition related contingent consideration | (29.8) | — |
| Other financing activities | — | 0.2 |
| Net cash provided by (used in) financing activities | $449.2 | $(23.5) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $0.1 | $(0.9) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 79.2 | (99.1) |
| 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) | $511.3 | $382.7 |
(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 $12.3 million and $8.5 million as of March 28, 2026 and March 29, 2025, respectively.
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