← Filings of LITE

Tables in the 10-Q of Lumentum Holdings Inc.

50 tables with numbers, filed Nov 4, 2021. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

TABLE OF CONTENTS
	Page
PART I - FINANCIAL INFORMATION
	Item 1.	Financial Statements (Unaudited)
		Condensed Consolidated Statements of Operations for the Three Months Ended October 2, 2021 and September 26, 2020	2
		Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended October 2, 2021 and September 26, 2020	3
		Condensed Consolidated Balance Sheets as of October 2, 2021 and July 3, 2021	4
		Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended October 2, 2021 and September 26, 2020	5

	Three Months Ended
	October 2, 2021	September 26, 2020
Net revenue	$448.4		$452.4
Cost of sales	200.4		231.7
Amortization of acquired developed intangibles	15.8		15.0
Gross profit	232.2		205.7
Operating expenses:
Research and development	54.1		50.4

	October 2, 2021	July 3, 2021
ASSETS
Current assets:
Cash and cash equivalents	$611.0		$774.3
Short-term investments	1,273.6		1,171.7
Accounts receivable, net	263.2		212.8
Inventories	207.0		196.4
Prepayments and other current assets	68.2		81.6

	Common Stock	Additional Paid-In Capital			Accumulated Other Comprehensive Income				Total Stockholders' Equity
		Shares	Amount			Retained Earnings
Balance as of July 3, 2021		73.0		$0.1			$1,743.6			$220.9	$8.2		$1,972.8
Net income		—		—			—			81.5	—		81.5
Other comprehensive income		—		—			—			—	0.3		0.3
Issuance of shares in connection with vesting of restricted stock units and performance stock units		0.6		—			—			—	—		—
Withholding taxes related to net share settlement of restricted stock units		(0.2)		—			(16.6)			—	—		(16.6)
Repurchases of common stock		(1.1)						(91.7)				(91.7)

	Amortized Cost	Gross Unrealized Gains		Gross Unrealized Losses	Fair Value
October 2, 2021:
Cash	$196.1		$—		$—	$196.1
Cash equivalents:
Money market funds	204.7		—		—	204.7
U.S. Treasury securities	210.2		—		—	210.2
Total cash and cash equivalents	$611.0		$—		$—	$611.0
Short-term investments:

	Fair Value	Unrealized Losses
October 2, 2021:
Commercial paper	$24.5		$—
Corporate debt securities	329.6		(0.2)
Municipal bonds	1.0		—
U.S. government bonds	338.2		—
Total	$693.3		$(0.2)
July 3, 2021:

	Level 1	Level 2		Level 3	Total
October 2, 2021: (1)
Assets:
Cash equivalents:
Money market funds	$204.7		$—		$—	$204.7
U.S. Treasury securities	210.2		—		—	210.2
Short-term investments:
Certificates of deposit	—		28.5		—	28.5

	October 2, 2021	July 3, 2021
	Carrying Amount	Estimated Fair Value		Carrying Amount	Estimated Fair Value
2026 Notes	800.0		$1,151.3		$789.8	$1,146.1
2024 Notes	395.8		670.8		390.7	669.3
	$1,195.8		$1,822.1		$1,180.5	$1,815.4

	October 2, 2021	July 3, 2021
Raw materials and purchased parts	$64.5		$64.4
Work in process	85.4		79.0
Finished goods	57.1		53.0
Inventories	$207.0		$196.4

	October 2, 2021	July 3, 2021
Operating lease right-of-use assets	$97.8		$87.3
Less: accumulated amortization	(22.6)		(19.9)
Operating lease right-of-use assets, net	$75.2		$67.4

	Three Months Ended
	October 2, 2021	September 26, 2020
OPERATING ACTIVITIES:
Net income	$81.5		$67.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	20.4		23.8
Stock-based compensation	24.8		19.5
Amortization of acquired intangibles	21.4		20.7

	Three Months Ended
	October 2, 2021	September 26, 2020
Numerator:
Net income - basic and diluted	$81.5		$67.1
Denominator:
Weighted average common shares outstanding - basic	72.7		75.3
Effect of dilutive securities from stock-based benefit plans	0.6		0.9
Shares issuable assuming conversion of the 2024 Notes	2.1		2.0

	October 2, 2021	July 3, 2021
	Amortized Cost	Fair Value		Amortized Cost	Fair Value
Due in 1 year	$714.3		$714.5		$587.0	$587.1
Due in 1 year through 5 years	559.1		559.1		584.8	584.6
	$1,273.4		$1,273.6		$1,171.8	$1,171.7

	October 2, 2021	July 3, 2021
Land	$40.9		$38.2
Buildings and improvement	93.6		92.7
Machinery and equipment	501.2		498.3
Computer equipment and software	29.5		28.6
Furniture and fixtures	8.8		8.8
Leasehold improvements	34.0		33.9
Finance lease right-of-use assets	28.1		28.1

	October 2, 2021	July 3, 2021
Restructuring accrual and related charges (1)	$0.8		$5.7
Warranty accrual (2)	5.1		5.0
Deferred revenue and customer deposits	—		0.6
Income tax payable (3)	9.4		43.5
Other current liabilities	4.0		3.0
Other current liabilities	$19.3		$57.8

	October 2, 2021	July 3, 2021
Asset retirement obligations	$4.7		$4.7
Pension and related accrual (1)	11.2		10.8
Unrecognized tax benefit	24.7		23.0
Other non-current liabilities	2.3		2.4
Other non-current liabilities	$42.9		$40.9

Fiscal Years	Operating Leases (1)
Remainder of 2022	$10.3
2023	12.6
2024	11.9
2025	9.0
2026	8.0
Thereafter	26.0
Total minimum lease payments	$77.8

	Optical Communications	Commercial Lasers		Total
Balance as of October 2, 2021 and July 3, 2021	$363.5		$5.4		$368.9

October 2, 2021	Gross Carrying Amounts	Accumulated Amortization		Net Carrying Amounts	Weighted average remaining amortization period (years)
Acquired developed technologies	$390.3		$(254.9)		$135.4	2.8
Customer relationships	145.0		(60.6)		84.4	5.2
Order backlog	22.0		(22.0)		—	—
Other intangibles	2.7		(2.7)		—	—
Total intangible assets	$560.0		$(340.2)		$219.8

Fiscal Years
Remainder of 2022	$63.9
2023	61.9
2024	40.5
2025	27.7
2026	18.1
Thereafter	7.7
Total future amortization	$219.8

Liability component:	October 2, 2021	July 3, 2021
	2024 Notes (1)	2026 Notes (2)		2024 Notes	2026 Notes
Principal	$450.0		$1,050.0		$450.0	$1,050.0
Unamortized debt discount and issuance costs	(54.2)		(250.0)		(59.3)	(260.2)
Net carrying amount of the liability component	$395.8		$800.0		$390.7	$789.8

	Foreign currency translation adjustments, net of tax (1)	Defined benefit obligations, net of tax (2)		Unrealized gain (loss) on available-for-sale securities, net of tax		Total
Beginning balance as of July 3, 2021	$9.7		$(1.4)		$(0.1)		$8.2
Other comprehensive income	—		—		0.3		0.3
Ending balance as of October 2, 2021	$9.7		$(1.4)		$0.2		$8.5
	Foreign currency translation adjustments, net of tax (1)	Defined benefit obligations, net of tax (2)		Unrealized gain (loss) on available-for-sale securities, net of tax		Total
Beginning balance as of June 27, 2020	$9.7		$(4.2)		$2.4		$7.9
Other comprehensive loss	—		—		(1.5)		(1.5)
Ending balance as of September 26, 2020	$9.7		$(4.2)		$0.9		$6.4

	Restricted Stock Units	Performance Stock Units
		Number of Shares	Weighted-Average Grant Date Fair Value per Share		Number of Shares	Weighted-Average Grant Date Fair Value per Share
Balance as of July 3, 2021		1.8		$76.02		0.3	$75.68
Granted		1.0		86.71		0.2	85.90
Vested		(0.5)		76.58		(0.1)	78.26
Canceled		(0.1)		74.04		—	58.52
Balance as of October 2, 2021		2.2		$80.84		0.4	$80.16

	Awards Available for Grant
Balance as of July 3, 2021	2.3
Granted	(1.2)
Canceled	0.1
Balance as of October 2, 2021	1.2

Tables in the 10-Q of Lumentum Holdings Inc.

Table 1 after “es of common stock outstanding.”

Table 2 after “)”

Table 3 after “(Unaudited)”

Table 4 after “)”

Table 5 after “)”

Table 6 after “)”

Table 7 after “(Unaudited)”

Table 8 after “):”

Table 9 after “):”

Table 10 after “):”

Table 11 after “):”

Table 12 after “):”

Table 13 after “(Unaudited)”

Table 14 after “):”

Table 15 after “):”

Table 16 after “):”

Table 17 after “):”

Table 18 after “:”

Table 19 after “):”

Table 20 after “The components of lease costs, lease term and discount rate are as follows:”

Table 21 after “):”

Table 22 after “:”

Table 23 after “):”

Table 24 after “):”

Table 25 after “):”

Table 26 after “:”

Table 27 after “):”

Table 28 after “:”

Table 29 after “:”

Table 30 after “):”

Table 31 after “):”

Table 32 after “:”

Table 33 after “:”

Table 34 after “:”

Table 35 after “:”

Table 36 after “):”

Table 37 after “:”

Table 38 after “(in millions, except percentage data):”

Table 39 after “:”

Table 40 after “):”

Table 41 after “):”

Table 42 after “The results of operations for the periods presented are not necessarily indicative of results to be expected for future periods. The followi”

Table 43 after “):”

Table 44 after “):”

Table 45 after “):”

Table 46 after “):”

Table 47 after “Provision for Income Taxes”

Table 48 after “):”

Table 49 after “):”

Table 50 after “The following exhibits are filed herewith or are incorporated by reference to exhibits previously filed with the Securities and Exchange Com”

	October 2, 2021	July 3, 2021
Property, plant and equipment, net
United States	$110.9		$116.7
Thailand	97.8		103.9
China	39.3		41.3
Japan	36.2		36.4
Other countries	69.0		62.8
Total property, plant and equipment, net	$353.2		$361.1

Contract balances	Balance sheet location	October 2, 2021	July 3, 2021		Change	Percentage Change
Accounts receivable, net	Accounts receivable, net	$263.2		$212.8		$50.4	23.7%
Deferred revenue and customer deposits	Other current liabilities	$—		$0.6		$(0.6)	(100.0)%

	Three Months Ended
	Gross Profit	Gross Margin
	October 2, 2021	September 26, 2020		October 2, 2021	September 26, 2020
OpComms	$225.9		$224.8		55.6%	52.5%
Lasers	20.8		10.4		49.1%	43.5%
Segment total	$246.7		$235.2		55.0%	52.0%
Unallocated corporate items:
Stock-based compensation	(4.6)		(3.7)

(in millions)	Three Months Ended
	October 2, 2021	September 26, 2020
Provision for income taxes	$18.1		$16.5

	Payments due by period
	Total	Less than 1 year		1 - 3 years	3 - 5 years	More than 5 years
Contractual Obligations
Asset retirement obligations	$4.7		$—		$1.6		$1.6	$1.5
Operating lease liabilities, including imputed interest (1)	77.8		13.7		23.4		16.3	24.4
Pension plan contributions (2)	0.5		0.5		—		—	—
Purchase obligations (3)	260.4		247.7		12.6		0.1	—
Convertible notes - principal (4)	1,500.0		—		450.0		—	1,050.0

Period	Total number of shares purchased (1)	Average price paid per share (2)		Total number of shares purchased as part of publicly announced plans or programs	Maximum number (or approximation dollar value) of shares that may yet be purchased under the plans or programs
July 4, 2021 to July 31, 2021	—		$—		—	$459.0
August 1, 2021 to August 28, 2021	752,000		$81.03		752,000	$398.0
August 29, 2021 to October 2, 2021	360,000		$85.43		360,000	$367.3
Total	1,112,000		$82.45		1,112,000	$367.3

		Incorporated by Reference			Filed
Exhibit No.	Exhibit Description	Form	Exhibit	Filing Date	Herewith
10.1	Amended and Restated Employment Agreement for Alan Lowe				X
10.2	Change in Control and Severance Benefits Plan, as amended and restated on June 2, 2021				X
31.1	Certification of the Chief Executive Officer pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted Certification of the Chief Executive Officer pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. to Section 302 of the Sarbanes-Oxley Act of 2002.				X
31.2	Certification of the Chief Financial Officer pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32.1†	Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
32.2†	Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X