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Tables in the 10-Q of Lumentum Holdings Inc.

53 tables with numbers, filed Nov 8, 2022. 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 1, 2022 and October 2, 2021	2
		Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three Months Ended October 1, 2022 and October 2, 2021	3
		Condensed Consolidated Balance Sheets as of October 1, 2022 and July 2, 2022	4
		Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended October 1, 2022 and October 2, 2021	5

	Three Months Ended
	October 1, 2022	October 2, 2021
Net revenue	$506.8		$448.4
Cost of sales	282.6		200.4
Amortization of acquired developed intangibles	23.0		15.8
Gross profit	201.2		232.2
Operating expenses:
Research and development	72.7		54.1

	October 1, 2022	July 2, 2022
ASSETS
Current assets:
Cash and cash equivalents	$605.3		$1,290.2
Short-term investments	1,019.6		1,258.8
Accounts receivable, net	340.5		262.0
Inventories	366.2		250.1
Prepayments and other current assets	106.8		78.1

	Common Stock	Additional Paid-In Capital	Accumulated Deficit		Accumulated Other Comprehensive Loss		Total Stockholders' Equity
		Shares	Amount
Balance as of July 2, 2022		68.0		$0.1		$2,003.6		$(129.1)	$0.4	$1,875.0
Cumulative adjustment from adoption of ASU 2020-06		—		—		(426.5)		85.6	—	(340.9)
Net loss		—		—		—		(0.4)	—	(0.4)
Other comprehensive loss		—		—		—		—	(0.6)	(0.6)
Issuance of shares in connection with vesting of restricted stock units and performance stock units		0.7		—		—		—	—	—
Withholding taxes related to net share settlement of restricted stock units		(0.2)		—		(22.4)		—	—	(22.4)

	Common Stock	Additional Paid-In Capital	Retained Earnings		Accumulated Other Comprehensive Income		Total Stockholders' Equity
		Shares	Amount
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)

	Short Term Debt - 2024 Notes	Long Term Debt - 2026 Notes		Long Term Debt - 2028 Notes	Additional Paid-In Capital	Accumulated Deficit		Deferred Tax Asset (Liability), net
Balances pre-adoption of ASC 2020-06	$409.9		$831.4		$634.7		$2,003.6		$129.1	$12.9
Reclassify amounts from equity to debt	—		312.9		229.3		(542.2)		—	—
Adjustment for interest accretion	—		(99.5)		(9.7)		—		(109.2)	—
Tax effect	—		—		—		115.7		23.6	92.1
Balances upon adoption of ASC 2020-06	$409.9		$1,044.8		$854.3		$1,577.1		$43.5	$105.0

	Fair Value
Cash consideration for outstanding NeoPhotonics common stock (1)	$867.3
Settlement of pre-existing relationship (loan to NeoPhotonics) (2)	50.0
Share-based compensation (3)	17.1
Total purchase price consideration	$934.4

	Amortized Cost	Gross Unrealized Gains		Gross Unrealized Losses	Fair Value
October 1, 2022:
Cash	$326.9		$—		$—	$326.9
Cash equivalents:
Commercial paper	24.5		—		—	24.5
Money market funds	221.1		—		—	221.1
U.S. Agency securities	9.0		—		—	9.0
U.S. Treasury securities	23.8		—		—	23.8

	Fair Value	Unrealized Losses
October 1, 2022:
U.S. Agency securities	$86.4		(1.8)
Certificates of deposit	6.4		—
Commercial paper	90.2		(0.4)
Corporate debt securities	334.4		(5.0)
U.S. government bonds	262.5		(3.7)
Total	$779.9		$(10.9)

	Level 1	Level 2		Level 3	Total
October 1, 2022: (1)
Assets:
Cash equivalents:
Commercial paper	$—		$24.5		$—	$24.5
Money market funds	221.1		—		—	221.1
U.S. Agency securities	—		9.0		—	9.0
U.S. Treasury securities	23.8		—		—	23.8

	Three Months Ended
	October 1, 2022	October 2, 2021
Numerator:
Net income (loss) - basic and diluted	$(0.4)		$81.5
Denominator:
Weighted average common shares outstanding - basic	68.1		72.7
Effect of dilutive securities from 2015 Equity Incentive Plan	—		0.6
Shares issuable assuming conversion of the convertible notes	—		2.1

	October 1, 2022	July 2, 2022
	Amortized Cost	Fair Value		Amortized Cost	Fair Value
Due in 1 year	$831.3		$821.2		$1,010.9	$1,002.2
Due in 1 year through 5 years	202.2		198.4		261.0	256.6
	$1,033.5		$1,019.6		$1,271.9	$1,258.8

	October 1, 2022	July 2, 2022
	Carrying Amount	Estimated Fair Value		Carrying Amount	Estimated Fair Value
2028 Notes	$854.5		$691.4		$634.7	$735.7
2026 Notes	1,045.0		983.8		831.4	1,065.0
2024 Notes	415.2		553.9		409.9	614.2
	$2,314.7		$2,229.1		$1,876.0	$2,414.9

	October 1, 2022	July 2, 2022
Raw materials and purchased parts	$150.6		$98.9
Work in process	133.3		92.2
Finished goods	82.3		59.0
Inventories	$366.2		$250.1

	October 1, 2022	July 2, 2022
Operating lease right-of-use assets	$120.7		$102.1
Less: accumulated amortization	(31.3)		(28.5)
Operating lease right-of-use assets, net	$89.4		$73.6

	October 1, 2022	July 2, 2022
Land	$63.3		$49.7
Buildings and improvement	142.7		105.3
Machinery and equipment	614.4		548.8
Computer equipment and software	35.5		31.3
Furniture and fixtures	9.7		8.9
Leasehold improvements	44.6		35.7
Construction in progress	56.4		47.0

	October 1, 2022	July 2, 2022
Restructuring accrual and related charges (1)	$3.1		$—
Warranty accrual	10.1		10.0
Income tax payable (2)	27.0		26.0
Other current liabilities	8.1		3.4
Other current liabilities	$48.3		$39.4

	October 1, 2022	July 2, 2022
Asset retirement obligations	$8.0		$4.6
Pension and related accrual (1)	9.4		7.7
Unrecognized tax benefit	50.9		30.5
Other non-current liabilities	7.6		0.1
Other non-current liabilities	$75.9		$42.9

	Optical Communications	Commercial Lasers		Total
Balance as of July 2, 2022	$363.5		$5.4		$368.9
Acquisition of NeoPhotonics	318.3		—		318.3
Acquisition of IPG Photonics’ Telecom Transmission Product Lines	6.5		—		6.5
Balance as of October 1, 2022	$688.3		$5.4		$693.7

	Preliminary fair value at the acquisition date	Weighted average amortization period (in years)
	NeoPhotonics	IPG product lines		Total acquired
Acquired developed technologies	$220.0		$8.6		$228.6	5.2
Customer relationships	144.5		2.3		146.8	5.9
In-process research and development	48.0		29.1		77.1	n/a
	$412.5		$40.0		$452.5

October 1, 2022	Gross Carrying Amounts	Accumulated Amortization		Net Carrying Amounts	Weighted average remaining amortization period (years)
Acquired developed technologies	$618.9		$(327.0)		$291.9	4.9
Customer relationships	291.8		(84.8)		207.0	5.5
In-process research and development	77.1		—		77.1	n/a
Total intangible assets	$987.8		$(411.8)		$576.0

Fiscal Years
Remainder of 2023	$93.6
2024	110.2
2025	97.3
2026	84.9
2027	73.0
Thereafter	39.9
Total future amortization	$498.9

Liability component:	October 1, 2022	July 2, 2022
	2024 Notes (1)	2026 Notes (2)		2028 Notes (3)	2024 Notes (1)	2026 Notes (2)		2028 Notes (3)
Principal	$448.1		$1,050.0		$861.0		$448.1		$1,050.0	$861.0
Unamortized debt discount and issuance costs	(32.9)		(5.0)		(6.5)		(38.2)		(218.6)	(226.3)
Net carrying amount of the liability component	$415.2		$1,045.0		$854.5		$409.9		$831.4	$634.7

	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 2, 2022	$9.7		$1.0		$(10.3)		$0.4
Other comprehensive loss	—		—		(0.6)		(0.6)
Ending balance as of October 1, 2022	9.7		1.0		(10.9)		(0.2)
	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

Tables in the 10-Q of Lumentum Holdings Inc.

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	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 2, 2022			2.0		$85.9		0.3	$81.9
Replacement Awards Issued			0.4		93.4		—	—
Granted			1.5		89.2		0.5	88.3
Vested			(0.5)		81.7		(0.1)	68.8
Canceled			(0.1)		85.0		—	82.6
Balance as of October 1, 2022			3.3		$88.9		0.7	$89.3

	Awards Available for Grant
Balance as of July 2, 2022	3.8
Assumed in connection with NeoPhotonics merger	0.4
Replacement Awards	(0.4)
Granted	(2.0)
Canceled	0.1
Balance as of October 1, 2022	1.9

	October 1, 2022	July 2, 2022
Property, plant and equipment, net
United States	$136.9		$107.8
Thailand	118.0		107.6
Japan	89.2		38.9
China	58.4		32.7
Other countries	75.5		73.5
Total property, plant and equipment, net	$478.0		$360.5

Contract balances	Balance sheet location	October 1, 2022	July 2, 2022		Change	Percentage Change
Accounts receivable, net	Accounts receivable, net	$340.5		$262.0		$78.5	30.0%
Deferred revenue and customer deposits	Other current liabilities	$1.1		$—		$1.1	n/a

	Three Months Ended
	Gross Profit	Gross Margin
	October 1, 2022	October 2, 2021		October 1, 2022	October 2, 2021
OpComms	$216.0		$225.9		47.6%	55.6%
Lasers	28.1		20.8		52.6%	49.1%
Segment total	$244.1		$246.7		48.2%	55.0%
Unallocated corporate items:
Stock-based compensation	(5.5)		(4.6)

(in millions)	Three Months Ended
	October 1, 2022	October 2, 2021
Provision for income taxes	$19.2		$18.1

	Payments due by period
	Total	Less than 1 year		More than 1 year
Contractual Obligations
Asset retirement obligations	$8.0		$0.5		$7.5
Operating lease liabilities, including imputed interest (1)	77.9		15.1		62.8
Pension plan contributions (2)	1.4		1.4		—
Purchase obligations (3)	416.2		374.1		42.1
Term loans	4.9		4.9		—

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 3, 2022 to July 30, 2022	—		$—			—		$410.2
July 31, 2022 to September 3, 2022	286,710		$89.80			286,710		$384.5
September 4, 2022 to October 1, 2022	—
Total	286,710				286,710		$384.5

Exhibit		Incorporated by Reference				Filed
No.	Exhibit Description	Form	File No.	Exhibit	Filing Date	Herewith
2.1	Agreement and Plan of Merger by and among Lumentum Holdings Inc., Neptune Merger Sub, Inc. and NeoPhotonics Corporation, dated as of November 3, 2021	8-K	001-36861	2.1	November 5, 2021
10.1	NeoPhotonics Corporation - Amended and Restated 2020 Equity Incentive Plan	S-8	333-238938	99.1	June 10, 2021
10.2	NeoPhotonics Corporation - 2010 Equity Incentive Plan, as amended	S-8	333-189577	99.1	June 25, 2013
10.3	NeoPhotonics Corporation - 2011 Inducement Award Plan	S-8	333-177306	99.1	October 13, 2011
31.1	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.					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