Lumentum Holdings Inc.
For the period ended Mar 28, 2026. Filed May 6, 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 May 6, 2026
LITE$585.57-1.8%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows for
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| March 28, 2026 | March 29, 2025 | |
| OPERATING ACTIVITIES: | ||
| Net income (loss) | $226.6 | $(187.4) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation expense | 91.2 | 77.9 |
| Stock-based compensation | 129.4 | 137.2 |
| Bad debt expense (recovery) | (0.1) | 3.4 |
| Gain on sale of facility | — | (34.9) |
| Amortization and write-off of acquired intangibles | 102.2 | 117.7 |
| Write-down and loss on sales and dispositions of property, plant and equipment | 13.4 | 5.2 |
| Amortization of debt issuance costs | 3.0 | 2.3 |
| Inducement expense on partial repurchase of 2026 Notes | 5.9 | — |
| Write-off of right-of-use assets | — | 6.2 |
| Other non-cash items | (9.1) | (5.6) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (191.5) | (64.4) |
| Inventories | (165.2) | (25.7) |
| Operating lease right-of-use assets, net | 0.9 | 2.4 |
| Prepayments and other current and non-current assets | (22.5) | (21.7) |
| Income taxes, net | 17.9 | 16.8 |
| Accounts payable | 109.4 | 44.9 |
| Accrued payroll and related expenses | 51.8 | 6.9 |
| Operating lease liabilities | (3.1) | (3.6) |
| Accrued expenses and other current and non-current liabilities | 28.2 | (15.3) |
| Net cash provided by operating activities | 388.4 | 62.3 |
| INVESTING ACTIVITIES: | ||
| Payments for acquisition of property, plant and equipment | (284.5) | (177.1) |
| Payment for acquisition of business | (38.0) | — |
| Proceeds from sale of facility, net of cash and selling costs | — | 47.8 |
| Purchases of short-term investments | (379.2) | (280.2) |
| Proceeds from maturities and sales of short-term investments | 181.0 | 384.5 |
| Proceeds from the sales of property, plant and equipment | 39.6 | 0.3 |
| Net cash used in investing activities | (481.1) | (24.7) |
| FINANCING ACTIVITIES: | ||
| Proceeds from issuance of Series A Convertible Preferred Stock | 1,999.7 | — |
| 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 | 9.2 | 8.3 |
| Payment for partial repurchase of 2026 Notes | (843.1) | — |
| Payment for 2032 Notes capped call options | (102.0) | — |
| Payment of withholding taxes related to net share settlement of restricted stock units | (164.2) | (36.3) |
| Principal payments on term loans | (9.2) | (5.4) |
| Payment for financing costs related to revolving credit facility | (2.4) | — |
| Payment for conversions of convertible notes | (0.8) | — |
| Payment of acquisition related holdback | — | (1.0) |
| Net cash provided by financing activities | 2,189.8 | 42.1 |
| Increase in cash and cash equivalents | 2,097.1 | 79.7 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Cash and cash equivalents at beginning of period | 520.7 | 436.7 |
|---|---|---|
| Cash and cash equivalents at end of period | $2,617.8 | $516.4 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for taxes, net | $41.1 | $10.5 |
| Cash paid for interest | 12.8 | 9.7 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | 6.8 | 6.4 |
| Net transfer of assets from property, plant, and equipment to assets held-for-sale | 3.3 | — |
| Holdback receivable from sale of property, plant and equipment | 3.0 | — |
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