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Tables in the 10-Q of Lumentum Holdings Inc.
53 tables with numbers, filed Feb 9, 2023. Each one downloads as a CSV for Excel or
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Table 1 after “million shares of common stock outstanding.”
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| TABLE OF CONTENTS | | | |
| Page | | |
| PART I - FINANCIAL INFORMATION | | | |
| Item 1. | Financial Statements (Unaudited) | |
| | Condensed Consolidated Statements of Operations for the Three and Six Months Ended December 31, 2022 and January 1, 2022 | 2 |
| | Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended December 31, 2022 and January 1, 2022 | 3 |
| | Condensed Consolidated Balance Sheets as of December 31, 2022 and July 2, 2022 | 4 |
| | Condensed Consolidated Statements of Stockholders’ Equity for the Three and Six Months Ended December 31, 2022 and January 1, 2022 | 5 |
First 8 of 19 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Net revenue | $506.0 | | $446.7 | | $1,012.8 | $895.1 |
| Cost of sales | 315.1 | | 223.3 | | 597.7 | 423.7 |
| Amortization of acquired developed intangibles | 24.7 | | 15.9 | | 47.7 | 31.7 |
| Gross profit | 166.2 | | 207.5 | | 367.4 | 439.7 |
| Operating expenses: | | | | | | |
| Research and development | 75.8 | | 53.2 | | 148.5 | 107.3 |
First 8 of 23 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Net income (loss) | $(31.7) | | $56.7 | | $(32.1) | $138.2 |
| Other comprehensive income (loss), net of tax: | | | | | | |
| Net change in unrealized gain (loss) on available-for-sale securities | 3.6 | | (2.3) | | 3.0 | (2.0) |
| Other comprehensive income (loss), net of tax | 3.6 | | (2.3) | | 3.0 | (2.0) |
| Comprehensive income (loss), net of tax | $(28.1) | | $54.4 | | $(29.1) | $136.2 |
| December 31, 2022 | July 2, 2022 | |
| ASSETS | | | |
| Current assets: | | | |
| Cash and cash equivalents | $592.1 | | $1,290.2 |
| Short-term investments | 1,088.3 | | 1,258.8 |
| Accounts receivable, net | 330.5 | | 262.0 |
| Inventories | 366.9 | | 250.1 |
| Prepayments and other current assets | 114.8 | | 78.1 |
First 8 of 38 rows. The CSV has all of them.
| Common Stock | Additional Paid-In Capital | Accumulated Deficit | | Accumulated Other Comprehensive Income (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) |
First 8 of 18 rows. The CSV has all of them.
| 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) |
First 8 of 18 rows. The CSV has all of them.
| Six Months Ended | | |
| December 31, 2022 | January 1, 2022 | |
| OPERATING ACTIVITIES: | | | |
| Net income (loss) | $(32.1) | | $138.2 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | |
| Depreciation expense | 50.9 | | 41.0 |
| Stock-based compensation | 83.2 | | 52.1 |
| Amortization of acquired intangibles | 68.3 | | 42.9 |
First 8 of 46 rows. The CSV has all of them.
| 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 |
| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Numerator: | | | | | | |
| Net income (loss) - basic and diluted | $(31.7) | | $56.7 | | $(32.1) | $138.2 |
| Denominator: | | | | | | |
| Weighted average common shares outstanding - basic | 68.3 | | 72.3 | | 68.2 | 72.5 |
| Effect of dilutive securities from stock-based benefit plans | — | | 0.5 | | — | 0.6 |
| Shares issuable assuming conversion of the convertible notes | — | | 2.5 | | — | 2.3 |
First 8 of 12 rows. The CSV has all of them.
| Fair Value |
| Cash consideration for outstanding NeoPhotonics common stock (1) | $867.3 |
| Settlement of pre-existing relationship (loan to NeoPhotonics) (2) | 50.0 |
| Stock-based compensation (3) | 17.1 |
| Total purchase price consideration | $934.4 |
| Fair Value |
| Total purchase price consideration | $934.4 |
| Assets acquired | |
| Cash and cash equivalents | $92.9 |
| Accounts receivable, net | 66.5 |
| Inventories | 84.3 |
| Prepayments and other current assets | 24.2 |
| Property, plant and equipment, net | 106.1 |
First 8 of 24 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Net revenue | $506.0 | | $527.3 | | $1,036.7 | $1,059.4 |
| Net income (loss) | (25.8) | | 22.8 | | 6.6 | 45.0 |
| Amortized Cost | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | |
| December 31, 2022: | | | | | | | | |
| Cash | $383.3 | | $— | | | $— | | $383.3 |
| Cash equivalents: | | | | | | | | |
| Commercial paper | 4.8 | | — | | | — | | 4.8 |
| Money market funds | 180.1 | | — | | | — | | 180.1 |
| U.S. Treasury securities | 23.9 | | — | | | — | | 23.9 |
| Total cash and cash equivalents | $592.1 | | $— | | | $— | | $592.1 |
First 8 of 33 rows. The CSV has all of them.
| Continuous Loss Position For More Than 12 Months | Continuous Loss Position For Less Than 12 Months | | Gross Unrealized Losses | | | |
| Fair Value | Unrealized Losses | | Fair Value | Unrealized Losses | | |
| December 31, 2022: | | | | | | | |
| U.S. Agency securities | $45.9 | | $(1.1) | | $83.0 | $(0.5) | $(1.6) |
| Certificates of deposit | — | | — | | 5.7 | — | — |
| Commercial paper | — | | — | | 73.4 | (0.2) | (0.2) |
| Corporate debt securities | 283.9 | | (3.0) | | 176.2 | (1.8) | (4.8) |
| Municipal bonds | 1.0 | | — | | — | — | — |
First 8 of 19 rows. The CSV has all of them.
| December 31, 2022 | July 2, 2022 | | | | |
| Amortized Cost | Fair Value | | Amortized Cost | Fair Value | |
| Due in 1 year | $879.5 | | $871.6 | | $1,010.9 | $1,002.2 |
| Due in 1 year through 5 years | 218.1 | | 216.7 | | 261.0 | 256.6 |
| $1,097.6 | | $1,088.3 | | $1,271.9 | $1,258.8 |
| Level 1 | Level 2 | | Level 3 | Total | |
| December 31, 2022: (1) | | | | | | |
| Assets: | | | | | | |
| Cash equivalents: | | | | | | |
| Commercial paper | $— | | $4.8 | | $— | $4.8 |
| Money market funds | 180.1 | | — | | — | 180.1 |
| U.S. Treasury securities | 23.9 | | — | | — | 23.9 |
| Short-term investments: | | | | | | |
First 8 of 16 rows. The CSV has all of them.
Table 17 after “million in cash held in our bank accounts as of December 31, 2022.”
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| Level 1 | Level 2 | | Level 3 | Total | |
| July 2, 2022: (1) | | | | | | |
| Assets: | | | | | | |
| Cash equivalents: | | | | | | |
| Commercial paper | $— | | $23.6 | | $— | $23.6 |
| Money market funds | 1,000.2 | | — | | — | 1,000.2 |
| U.S. Agency securities | — | | 8.0 | | — | 8.0 |
| U.S. Treasury securities | 22.5 | | — | | — | 22.5 |
First 8 of 16 rows. The CSV has all of them.
| December 31, 2022 | July 2, 2022 | | | | |
| Carrying Amount | Estimated Fair Value | | Carrying Amount | Estimated Fair Value | |
| 2028 Notes | $855.0 | | $659.7 | | $634.7 | $735.7 |
| 2026 Notes | 1,045.3 | | 907.4 | | 831.4 | 1,065.0 |
| 2024 Notes | 420.7 | | 473.2 | | 409.9 | 614.2 |
| $2,321.0 | | $2,040.3 | | $1,876.0 | $2,414.9 |
| December 31, 2022 | July 2, 2022 | |
| Raw materials and purchased parts | $166.2 | | $98.9 |
| Work in process | 118.9 | | 92.2 |
| Finished goods | 81.8 | | 59.0 |
| Inventories | $366.9 | | $250.1 |
| December 31, 2022 | July 2, 2022 | |
| Operating lease right-of-use assets | $119.1 | | $102.1 |
| Less: accumulated amortization | (34.2) | | (28.5) |
| Operating lease right-of-use assets, net | $84.9 | | $73.6 |
| December 31, 2022 | July 2, 2022 | |
| Land | $63.3 | | $49.7 |
| Buildings and improvements | 146.6 | | 105.3 |
| Machinery and equipment | 632.6 | | 548.8 |
| Computer equipment and software | 36.1 | | 31.3 |
| Furniture and fixtures | 10.1 | | 8.9 |
| Leasehold improvements | 45.9 | | 35.7 |
| Construction in progress | 75.9 | | 47.0 |
First 8 of 11 rows. The CSV has all of them.
| December 31, 2022 | July 2, 2022 | |
| Restructuring accrual and related charges (1) | $14.1 | | $— |
| Warranty accrual | 8.4 | | 10.0 |
| Income tax payable (2) | 20.5 | | 26.0 |
| Other current liabilities | 8.2 | | 3.4 |
| Other current liabilities | $51.2 | | $39.4 |
| December 31, 2022 | July 2, 2022 | |
| Asset retirement obligations | $8.1 | | $4.6 |
| Pension and related accruals (1) | 9.0 | | 7.7 |
| Unrecognized tax benefit | 52.1 | | 30.5 |
| Other non-current liabilities | 7.9 | | 0.1 |
| Other non-current liabilities | $77.1 | | $42.9 |
| Optical Communications | Commercial Lasers | | Total | |
| Balance as of July 2, 2022 | $363.5 | | $5.4 | | $368.9 |
| Acquisition of NeoPhotonics (1) | 318.4 | | — | | 318.4 |
| Acquisition of IPG product lines (2) | 10.9 | | — | | 10.9 |
| Balance as of December 31, 2022 | $692.8 | | $5.4 | | $698.2 |
| 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 |
| Total intangible assets | $412.5 | | $40.0 | | $452.5 | |
| December 31, 2022 | Gross Carrying Amounts | Accumulated Amortization | | Net Carrying Amounts | Weighted average remaining amortization period (years) | |
| Acquired developed technologies | $618.9 | | $(352.3) | | $266.6 | 4.3 |
| Customer relationships | 291.8 | | (95.6) | | 196.2 | 5.1 |
| In-process research and development | 77.1 | | — | | 77.1 | n/a |
| Total intangible assets | $987.8 | | $(447.9) | | $539.9 | |
| July 2, 2022 | Gross Carrying Amounts | Accumulated Amortization | | Net Carrying Amounts | Weighted average remaining amortization period (years) | |
| Acquired developed technologies | $390.3 | | $(303.6) | | $86.7 | 2.5 |
| Customer relationships | 145.0 | | (76.0) | | 69.0 | 4.4 |
| Total intangible assets | $535.3 | | $(379.6) | | $155.7 | |
| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Cost of sales | $24.8 | | $15.9 | | $47.7 | $31.7 |
| Selling, general and administrative | 11.3 | | 5.6 | | 20.6 | 11.2 |
| Total amortization of intangibles | $36.1 | | $21.5 | | $68.3 | $42.9 |
| Fiscal Years | |
| Remainder of 2023 | $57.5 |
| 2024 | 110.2 |
| 2025 | 97.3 |
| 2026 | 84.9 |
| 2027 | 73.0 |
| Thereafter | 39.9 |
| Total future amortization | $462.8 |
| Liability component: | December 31, 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 | (27.4) | | (4.7) | | (6.0) | | (38.2) | | (218.6) | (226.3) |
| Net carrying amount of the liability component | $420.7 | | $1,045.3 | | $855.0 | | $409.9 | | $831.4 | $634.7 |
| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Contractual interest expense | $2.7 | | $1.6 | | $5.4 | $3.2 |
| Amortization of the debt discount and debt issuance costs | 6.2 | | 15.5 | | 11.9 | 30.8 |
| Total interest expense | $8.9 | | $17.1 | | $17.3 | $34.0 |
| Fiscal Years | 2024 Notes | 2026 Notes | | 2028 Notes | Total | |
| Remainder of 2023 | $0.6 | | $2.6 | | $2.2 | $5.4 |
| 2024 | 449.2 | | 5.3 | | 4.3 | 458.8 |
| 2025 | — | | 5.3 | | 4.3 | 9.6 |
| 2026 | — | | 5.3 | | 4.3 | 9.6 |
| 2027 and thereafter | — | | 1,052.4 | | 869.6 | 1,922.0 |
| Total convertible notes payments | $449.8 | | $1,070.9 | | $884.7 | $2,405.4 |
| 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) |
| Other comprehensive gain | — | | — | | 3.6 | | 3.6 |
| Ending balance as of December 31, 2022 | $9.7 | | $1.0 | | $(7.3) | | $3.4 |
| 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 |
First 8 of 12 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Balance as of beginning of period | $3.1 | | $0.8 | | $— | $5.7 |
| Charges (reversals), net | 13.9 | | 0.1 | | 23.2 | (1.0) |
| Payments | (2.9) | | (0.6) | | (9.1) | (4.4) |
| Balance as of end of period | $14.1 | | $0.3 | | $14.1 | $0.3 |
| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Cost of sales | $6.7 | | $5.2 | | $12.2 | $9.8 |
| Research and development | 10.6 | | 5.4 | | 20.2 | 10.4 |
| Selling, general and administrative | 19.3 | | 16.7 | | 50.8 | 31.9 |
| Total stock-based compensation | $36.6 | | $27.3 | | $83.2 | $52.1 |
| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Income tax benefit associated with stock-based compensation | $6.4 | | $4.2 | | $11.5 | $8.2 |
| 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 | | | 1.6 | | 86.9 | | 0.6 | 88.2 |
| Vested | | | (0.7) | | 83.9 | | (0.1) | 70.5 |
| Canceled | | | (0.2) | | 88.1 | | (0.1) | 88.6 |
| Balance as of December 31, 2022 | | | 3.1 | | $87.8 | | 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) |
| Authorized | 0.9 |
| Granted | (2.2) |
| Canceled | 0.3 |
| Balance as of December 31, 2022 | 2.8 |
| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Balance as of beginning of period | $10.1 | | $5.1 | | $10.0 | $5.0 |
| Warranties assumed in NeoPhotonics merger | — | | — | | 0.7 | — |
| Provision for warranty | 2.8 | | 3.8 | | 4.3 | 5.5 |
| Utilization of reserve | (4.5) | | (0.3) | | (6.6) | (1.9) |
| Balance as of end of period | $8.4 | | $8.6 | | $8.4 | $8.6 |
| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Net revenue: | | | | | | |
| OpComms | $448.8 | | $397.4 | | $902.2 | $803.4 |
| Lasers | 57.2 | | 49.3 | | 110.6 | 91.7 |
| Net revenue | $506.0 | | $446.7 | | $1,012.8 | $895.1 |
| Gross profit: | | | | | | |
| OpComms | $197.0 | | $201.8 | | $413.0 | $427.7 |
First 8 of 18 rows. The CSV has all of them.
Table 41 after “(in millions, except percentage data):”
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| Three Months Ended | Six Months Ended | | | | | | | | | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | | January 1, 2022 | | | | | | | | |
| Amount | % of Total | | Amount | | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Net revenue: | | | | | | | | | | | | | | |
| Americas: | | | | | | | | | | | | | | |
| United States | $65.5 | | 12.9% | | | $51.0 | | 11.4% | | $127.7 | | 12.6% | $79.1 | 8.8% |
| Mexico | 59.5 | | 11.8 | | | 38.3 | | 8.6 | | 117.0 | | 11.6 | 71.3 | 8.0 |
| Other Americas | 3.8 | | 0.8 | | | 2.7 | | 0.6 | | 6.1 | | 0.6 | 4.7 | 0.5 |
First 8 of 18 rows. The CSV has all of them.
| December 31, 2022 | July 2, 2022 | |
| Property, plant and equipment, net | | | |
| United States | $131.2 | | $107.8 |
| Thailand | 131.7 | | 107.6 |
| Japan | 94.2 | | 38.9 |
| China | 52.2 | | 32.7 |
| Other countries | 78.4 | | 73.5 |
| Total property, plant and equipment, net | $487.7 | | $360.5 |
| Three Months Ended | Six Months Ended | | | | | | | | | |
| December 31, 2022 | January 1, 2022 | December 31, 2022 | | January 1, 2022 | | | | | | |
| OpComms: | | | | | | | | | | | |
| Telecom and Datacom | $384.2 | 75.9% | | $267.1 | | 59.8% | | $744.3 | 73.5% | $483.1 | 54.0% |
| Industrial and Consumer | 64.6 | 12.8% | | 130.3 | | 29.2% | | 157.9 | 15.6% | 320.3 | 35.8% |
| Total OpComms | $448.8 | 88.7% | | $397.4 | | 89.0% | | $902.2 | 89.1% | $803.4 | 89.8% |
| Lasers | 57.2 | 11.3% | | 49.3 | | 11.0% | | 110.6 | 10.9% | 91.7 | 10.2% |
| Net Revenue | $506.0 | | $446.7 | | | | $1,012.8 | | $895.1 | | |
| Contract balances | Balance sheet location | December 31, 2022 | July 2, 2022 | | Change | Percentage Change | |
| Accounts receivable, net | Accounts receivable, net | $330.5 | | $262.0 | | $68.5 | 26.1% |
| Deferred revenue and customer deposits | Other current liabilities | $1.3 | | $— | | $1.3 | n/a |
Table 45 after “The results of operations for the periods presented are not necessarily indicative of results to be expected for future periods. The followi”
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| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Segment net revenue: | | | | | | |
| OpComms | 88.7% | | 89.0% | | 89.1% | 89.8% |
| Lasers | 11.3 | | 11.0 | | 10.9 | 10.2 |
| Net revenue | 100.0 | | 100.0 | | 100.0 | 100.0 |
| Cost of sales | 62.3 | | 50.0 | | 59.0 | 47.3 |
| Amortization of acquired developed intangibles | 4.9 | | 3.6 | | 4.7 | 3.5 |
First 8 of 20 rows. The CSV has all of them.
| Three Months Ended | | | | Six Months Ended | | | | | | | | | | | | |
| December 31, 2022 | January 1, 2022 | | Change | Percentage Change | December 31, 2022 | | January 1, 2022 | | Change | | Percentage Change | | | | | |
| Segment net revenue: | | | | | | | | | | | | | | | | | |
| OpComms | $448.8 | | $397.4 | | $51.4 | | 12.9% | | | $902.2 | | | $803.4 | | $98.8 | | 12.3% |
| Lasers | 57.2 | | 49.3 | | 7.9 | | 16.0% | | | 110.6 | | | 91.7 | | 18.9 | | 20.6% |
| Net revenue | $506.0 | | $446.7 | | $59.3 | | 13.3% | | | $1,012.8 | | | $895.1 | | $117.7 | | 13.1% |
| Gross profit | $166.2 | | $207.5 | | $(41.3) | | (19.9)% | | | $367.4 | | | $439.7 | | $(72.3) | | (16.4)% |
| Gross margin | 32.8% | | 46.5% | | | | | 36.3% | | | 49.1% | | | | | | |
First 8 of 14 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | | | | | | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | | January 1, 2022 | | | | | | | | |
| Amount | % of Total | | Amount | | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Americas: | | | | | | | | | | | | | | |
| United States | $65.5 | | 12.9% | | | $51.0 | | 11.4% | | $127.7 | | 12.6% | $79.1 | 8.8% |
| Mexico | 59.5 | | 11.8 | | | 38.3 | | 8.6 | | 117.0 | | 11.6 | 71.3 | 8.0 |
| Other Americas | 3.8 | | 0.8 | | | 2.7 | | 0.6 | | 6.1 | | 0.6 | 4.7 | 0.5 |
| Total Americas | $128.8 | | 25.5% | | | $92.0 | | 20.6% | | $250.8 | | 24.8% | $155.1 | 17.3% |
First 8 of 17 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | | | | | | | | | |
| Gross Profit | Gross Margin | | Gross Profit | Gross Margin | | | | | | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | December 31, 2022 | | January 1, 2022 | December 31, 2022 | | January 1, 2022 | | | |
| OpComms | $197.0 | | $201.8 | | 43.9% | | 50.8% | | $413.0 | | | $427.7 | 45.8% | 53.2% |
| Lasers | 30.0 | | 26.2 | | 52.4% | | 53.1% | | 58.1 | | | 47.0 | 52.5% | 51.3% |
| Segment total | $227.0 | | $228.0 | | 44.9% | | 51.0% | | $471.1 | | | $474.7 | 46.5% | 53.0% |
| Unallocated corporate items: | | | | | | | | | | | | | | |
| Stock-based compensation | (6.7) | | (5.2) | | | | | (12.2) | | (9.8) | | | | |
First 8 of 14 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Foreign exchange gains (losses), net | $(4.1) | | $0.7 | | $4.9 | $0.6 |
| Interest and investment income | 7.7 | | 0.6 | | 12.5 | 1.2 |
| Other income (expense), net | 0.1 | | (0.3) | | 0.1 | (0.2) |
| Total other income, net | $3.7 | | $1.0 | | $17.5 | $1.6 |
| (in millions) | Three Months Ended | Six Months Ended | | | | |
| December 31, 2022 | January 1, 2022 | | December 31, 2022 | January 1, 2022 | |
| Provision for income taxes | $4.6 | | $12.4 | | $23.8 | $30.5 |
| Payments due by period | | | | |
| Total | Less than 1 year | | More than 1 year | |
| Contractual Obligations | | | | | |
| Asset retirement obligations | $8.1 | | $0.5 | | $7.6 |
| Operating lease liabilities, including imputed interest (1) | 78.6 | | 14.4 | | 64.2 |
| Pension plan contributions (2) | 1.4 | | 1.4 | | — |
| Purchase obligations (3) | 391.5 | | 361.0 | | 30.5 |
| Convertible notes - principal (4) | 2,359.1 | | — | | 2,359.1 |
First 8 of 10 rows. The CSV has all of them.
| 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 | |
| October 2, 2022 to October 29, 2022 | — | | $— | | — | $384.5 |
| October 30, 2022 to November 26, 2022 | — | | $— | | — | $384.5 |
| November 27, 2022 to December 31, 2022 | — | | $— | | — | $384.5 |
| Total | — | | $— | | — | $384.5 |
Table 53 after “The following exhibits are filed herewith or are incorporated by reference to exhibits previously filed with the Securities and Exchange Com”
Download CSV
| Exhibit | | Incorporated by Reference | | | | Filed |
| No. | Exhibit Description | Form | File No. | Exhibit | Filing Date | Herewith |
| 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 |
| 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 |
| 101 | The following financial information from Lumentum Holdings Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2022 formatted in Inline XBRL (eXtensible Business Reporting Language): (i) Condensed Consolidated Statements of Operations for the three and six months ended December 31, 2022 and January 1, 2022; (ii) Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended December 31, 2022 and January 1, 2022; (iii) Condensed Consolidated Balance Sheets as of December 31, 2022 and July 2, 2022; (iv) Condensed Consolidated Statements of Stockholders’ Equity for the three and six months ended December 31, 2022 and January 1 , 2022; (v) Condensed Consolidated Statements of Cash Flows for the six months ended December 31, 2022 and January 1, 2022, and (vi) Notes to the Consolidated Financial Statements. | | | | | X |
| 104 | Cover Page Interactive Data File, formatted in Inline XBRL (included in Exhibit 101). | | | | | X |