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Tables in the 10-Q of Lumentum Holdings Inc.
54 tables with numbers, filed May 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 Nine Months Ended April 1, 2023 and April 2, 2022 | 2 |
| | Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Nine Months Ended April 1, 2023 and April 2, 2022 | 3 |
| | Condensed Consolidated Balance Sheets as of April 1, 2023 and July 2, 2022 | 4 |
| | Condensed Consolidated Statements of Stockholders’ Equity for the Three and Nine Months Ended April 1, 2023 and April 2, 2022 | 5 |
First 8 of 19 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Net revenue | $383.4 | | $395.4 | | $1,396.2 | $1,290.5 |
| Cost of sales | 252.7 | | 212.6 | | 850.4 | 636.3 |
| Amortization of acquired developed intangibles | 18.7 | | 15.6 | | 66.4 | 47.3 |
| Gross profit | 112.0 | | 167.2 | | 479.4 | 606.9 |
| Operating expenses: | | | | | | |
| Research and development | 85.4 | | 56.7 | | 233.9 | 164.0 |
First 8 of 23 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Net income (loss) | $(39.3) | | $26.0 | | $(71.4) | $164.2 |
| Other comprehensive income (loss), net of tax: | | | | | | |
| Foreign currency translation adjustments | 0.3 | | — | | 0.3 | — |
| Net change in unrealized gain (loss) on available-for-sale securities | 3.4 | | (6.9) | | 6.4 | (8.9) |
| Net change in defined benefit obligations | — | | (0.5) | | — | (0.5) |
| Other comprehensive income (loss), net of tax | 3.7 | | (7.4) | | 6.7 | (9.4) |
First 8 of 9 rows. The CSV has all of them.
| April 1, 2023 | July 2, 2022 | |
| ASSETS | | | |
| Current assets: | | | |
| Cash and cash equivalents | $549.2 | | $1,290.2 |
| Short-term investments | 1,118.0 | | 1,258.8 |
| Accounts receivable, net | 278.0 | | 262.0 |
| Inventories | 410.2 | | 250.1 |
| Prepayments and other current assets | 108.2 | | 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 25 rows. The CSV has all of them.
| Common Stock | Additional Paid-In Capital | Retained Earnings / (Accumulated Deficit) | | 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 26 rows. The CSV has all of them.
| Nine Months Ended | | |
| April 1, 2023 | April 2, 2022 | |
| OPERATING ACTIVITIES: | | | |
| Net income (loss) | $(71.4) | | $164.2 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | | | |
| Depreciation expense | 78.6 | | 61.2 |
| Stock-based compensation | 116.3 | | 75.4 |
| Write-off of in-process research and development intangible assets | 11.5 | | — |
First 8 of 48 rows. The CSV has all of them.
| Settlement of loan to NeoPhotonics | 50.0 | — |
| Issuance costs in current liabilities | — | 0.7 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 19.4 | 13.7 |
| 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 |
| Three Months Ended | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Numerator: | | | | | | |
| Net income (loss) - basic and diluted | $(39.3) | | $26.0 | | $(71.4) | $164.2 |
| Denominator: | | | | | | |
| Weighted average common shares outstanding - basic | 68.6 | | 71.0 | | 68.3 | 72.0 |
| Effect of dilutive securities from stock-based benefit plans | — | | 0.7 | | — | 0.6 |
| Shares issuable assuming conversion of the convertible notes | — | | 2.8 | | — | 2.5 |
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 | 66.8 |
| Inventories | 84.3 |
| Prepayments and other current assets | 24.2 |
| Property, plant and equipment, net | 106.1 |
First 8 of 23 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Net revenue | $383.4 | | $484.7 | | $1,420.1 | $1,544.1 |
| Net income (loss) | (35.9) | | 3.6 | | (29.3) | 48.6 |
| Amortized Cost | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | |
| April 1, 2023: | | | | | | | | |
| Cash | $257.5 | | $— | | | $— | | $257.5 |
| Cash equivalents: | | | | | | | | |
| Commercial paper | 17.6 | | — | | | — | | 17.6 |
| Money market funds | 246.1 | | — | | | — | | 246.1 |
| U.S. Treasury securities | 28.0 | | — | | | — | | 28.0 |
| Total cash and cash equivalents | $549.2 | | $— | | | $— | | $549.2 |
First 8 of 32 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 | | |
| April 1, 2023: | | | | | | | |
| U.S. Agency securities | $42.2 | | $(0.8) | | $82.9 | $(0.2) | $(1.0) |
| Certificates of deposit | — | | — | | 12.7 | — | — |
| Commercial paper | — | | — | | 112.5 | (0.2) | (0.2) |
| Corporate debt securities | 153.7 | | (1.8) | | 192.8 | (1.2) | (3.0) |
| Foreign government bonds | — | | — | | 1.4 | — | — |
First 8 of 18 rows. The CSV has all of them.
| April 1, 2023 | July 2, 2022 | | | | |
| Amortized Cost | Fair Value | | Amortized Cost | Fair Value | |
| Due in 1 year | $826.2 | | $821.4 | | $1,010.9 | $1,002.2 |
| Due in 1 year through 5 years | 296.7 | | 296.6 | | 261.0 | 256.6 |
| $1,122.9 | | $1,118.0 | | $1,271.9 | $1,258.8 |
| Level 1 | Level 2 | | Level 3 | Total | |
| April 1, 2023: (1) | | | | | | |
| Assets: | | | | | | |
| Cash equivalents: | | | | | | |
| Commercial paper | $— | | $17.6 | | $— | $17.6 |
| Money market funds | 246.1 | | — | | — | 246.1 |
| U.S. Treasury securities | 28.0 | | — | | — | 28.0 |
| Short-term investments: | | | | | | |
First 8 of 15 rows. The CSV has all of them.
Table 18 after “million in cash held in our bank accounts as of April 1, 2023.”
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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.
| April 1, 2023 | July 2, 2022 | | | | |
| Carrying Amount | Estimated Fair Value | | Carrying Amount | Estimated Fair Value | |
| 2028 Notes | $855.2 | | $660.1 | | $634.7 | $735.7 |
| 2026 Notes | 1,045.6 | | 918.3 | | 831.4 | 1,065.0 |
| 2024 Notes | 426.2 | | 460.5 | | 409.9 | 614.2 |
| $2,327.0 | | $2,038.9 | | $1,876.0 | $2,414.9 |
| April 1, 2023 | July 2, 2022 | |
| Raw materials and purchased parts | $168.4 | | $98.9 |
| Work in process | 122.2 | | 92.2 |
| Finished goods | 119.6 | | 59.0 |
| Inventories | $410.2 | | $250.1 |
| April 1, 2023 | July 2, 2022 | |
| Operating lease right-of-use assets | $117.6 | | $102.1 |
| Less: accumulated amortization | (36.1) | | (28.5) |
| Operating lease right-of-use assets, net | $81.5 | | $73.6 |
| April 1, 2023 | July 2, 2022 | |
| Land | $63.1 | | $49.7 |
| Buildings and improvements | 163.8 | | 105.3 |
| Machinery and equipment | 648.2 | | 548.8 |
| Computer equipment and software | 40.7 | | 31.3 |
| Furniture and fixtures | 10.1 | | 8.9 |
| Leasehold improvements | 46.6 | | 35.7 |
| Construction in progress | 59.3 | | 47.0 |
First 8 of 11 rows. The CSV has all of them.
| April 1, 2023 | July 2, 2022 | |
| Restructuring accrual and related charges (1) | $4.2 | | $— |
| Warranty accrual | 6.8 | | 10.0 |
| Deferred revenue and customer deposits | 3.4 | | — |
| Income tax payable (2) | 7.6 | | 26.0 |
| Other current liabilities | 7.0 | | 3.4 |
| Other current liabilities | $29.0 | | $39.4 |
| April 1, 2023 | July 2, 2022 | |
| Asset retirement obligations | $8.2 | | $4.6 |
| Pension and related accruals (1) | 9.7 | | 7.7 |
| Unrecognized tax benefit | 50.4 | | 30.5 |
| Other non-current liabilities | 7.4 | | 0.1 |
| Other non-current liabilities | $75.7 | | $42.9 |
| Optical Communications | Commercial Lasers | | Total | |
| Balance as of July 2, 2022 | $363.5 | | $5.4 | | $368.9 |
| Acquisition of NeoPhotonics (1) | 316.4 | | — | | 316.4 |
| Acquisition of IPG product lines (2) | 10.9 | | — | | 10.9 |
| Balance as of April 1, 2023 | $690.8 | | $5.4 | | $696.2 |
| 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 | |
| April 1, 2023 | Gross Carrying Amounts | Accumulated Amortization | | Net Carrying Amounts | Weighted average remaining amortization period (years) | |
| Acquired developed technologies | $642.2 | | $(371.5) | | $270.7 | 4.4 |
| Customer relationships | 291.8 | | (106.4) | | 185.4 | 4.8 |
| In-process research and development | 42.3 | | — | | 42.3 | n/a |
| Total intangible assets | $976.3 | | $(477.9) | | $498.4 | |
| 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 | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Cost of sales | $18.7 | | $15.6 | | $66.4 | $47.3 |
| Selling, general and administrative | 11.3 | | 5.8 | | 31.9 | 17.0 |
| Total amortization of intangibles | $30.0 | | $21.4 | | $98.3 | $64.3 |
| Fiscal Years | |
| Remainder of 2023 | $30.0 |
| 2024 | 114.3 |
| 2025 | 100.3 |
| 2026 | 87.9 |
| 2027 | 76.0 |
| Thereafter | 47.6 |
| Total future amortization | $456.1 |
| Liability component: | April 1, 2023 | 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 | (20.7) | | — | | — | | (36.1) | | (214.9) | (221.4) |
| Unamortized issuance costs | (1.2) | | (4.4) | | (5.8) | | (2.1) | | (3.7) | (4.9) |
| Net carrying amount of the liability component | $426.2 | | $1,045.6 | | $855.2 | | $409.9 | | $831.4 | $634.7 |
| Three Months Ended | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Contractual interest expense | $2.7 | | $1.9 | | $8.1 | $5.1 |
| Amortization of the debt discount and debt issuance costs | 6.0 | | 17.8 | | 17.9 | 48.6 |
| Total interest expense | $8.7 | | $19.7 | | $26.0 | $53.7 |
| Fiscal Years | 2024 Notes | 2026 Notes | | 2028 Notes | Total | |
| Remainder of 2023 | $— | | $2.6 | | $2.2 | $4.8 |
| 2024 | 449.3 | | 5.3 | | 4.3 | 458.9 |
| 2025 | — | | 5.3 | | 4.3 | 9.6 |
| 2026 | — | | 5.3 | | 4.3 | 9.6 |
| 2027 and thereafter | — | | 1,052.5 | | 869.6 | 1,922.1 |
| Total convertible notes payments | $449.3 | | $1,071.0 | | $884.7 | $2,405.0 |
| 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 (3) | | 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 income | — | | — | | 3.6 | | 3.6 |
| Ending balance as of December 31, 2022 | $9.7 | | $1.0 | | $(7.3) | | $3.4 |
| Other comprehensive income | 0.3 | | — | | 3.4 | | 3.7 |
| Ending balance as of April 1, 2023 | $10.0 | | $1.0 | | $(3.9) | | $7.1 |
First 8 of 16 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Balance as of beginning of period | $14.1 | | $0.3 | | $— | $5.7 |
| Charges (reversals), net | 1.6 | | (0.1) | | 24.8 | (1.1) |
| Payments | (11.5) | | (0.1) | | (20.6) | (4.5) |
| Balance as of end of period | $4.2 | | $0.1 | | $4.2 | $0.1 |
| Three Months Ended | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Cost of sales | $6.9 | | $5.4 | | $19.1 | $15.2 |
| Research and development | 11.0 | | 5.4 | | 31.2 | 15.8 |
| Selling, general and administrative | 15.2 | | 12.5 | | 66.0 | 44.4 |
| Total stock-based compensation | $33.1 | | $23.3 | | $116.3 | $75.4 |
| Three Months Ended | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Income tax benefit associated with stock-based compensation | $3.3 | | $2.7 | | $9.7 | $10.9 |
| 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 | | | 1.8 | | 85.9 | | 0.6 | 87.9 |
| Vested | | | (1.1) | | 85.2 | | (0.2) | 72.4 |
| Canceled | | | (0.3) | | 88.0 | | (0.1) | 89.0 |
| Balance as of April 1, 2023 | | | 2.8 | | $86.0 | | 0.6 | $89.1 |
| 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 | (2.4) |
| Canceled | 0.4 |
| Balance as of April 1, 2023 | 2.7 |
| Three Months Ended | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Balance as of beginning of period | $8.4 | | $8.6 | | $10.0 | $5.0 |
| Warranties assumed in NeoPhotonics merger | — | | — | | 0.7 | — |
| Provision for warranty | 1.1 | | 1.5 | | 5.4 | 7.0 |
| Utilization of reserve | (2.7) | | (1.0) | | (9.3) | (2.9) |
| Balance as of end of period | $6.8 | | $9.1 | | $6.8 | $9.1 |
| Three Months Ended | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Net revenue: | | | | | | |
| OpComms | $335.1 | | $344.2 | | $1,237.3 | $1,147.6 |
| Lasers | 48.3 | | 51.2 | | 158.9 | 142.9 |
| Net revenue | $383.4 | | $395.4 | | $1,396.2 | $1,290.5 |
| Gross profit: | | | | | | |
| OpComms | $136.8 | | $168.5 | | $549.8 | $596.2 |
First 8 of 17 rows. The CSV has all of them.
Table 42 after “(in millions, except percentage data):”
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| Three Months Ended | Nine Months Ended | | | | | | | | | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | | April 2, 2022 | | | | | | | | |
| Amount | % of Total | | Amount | | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Net revenue: | | | | | | | | | | | | | | |
| Americas: | | | | | | | | | | | | | | |
| United States | $68.3 | | 17.8% | | | $36.3 | | 9.2% | | $196.0 | | 14.0% | $115.4 | 8.9% |
| Mexico | 20.5 | | 5.4 | | | 42.3 | | 10.7 | | 137.5 | | 9.8 | 113.6 | 8.8 |
| Other Americas | 1.9 | | 0.5 | | | 3.0 | | 0.7 | | 8.0 | | 0.6 | 7.7 | 0.6 |
First 8 of 18 rows. The CSV has all of them.
| April 1, 2023 | July 2, 2022 | |
| Property, plant and equipment, net | | | |
| United States | $128.9 | | $107.8 |
| Thailand | 134.2 | | 107.6 |
| Japan | 93.9 | | 38.9 |
| China | 46.5 | | 32.7 |
| Other countries | 79.4 | | 73.5 |
| Total property, plant and equipment, net | $482.9 | | $360.5 |
| Three Months Ended | Nine Months Ended | | | | | | | | | |
| April 1, 2023 | April 2, 2022 | April 1, 2023 | | April 2, 2022 | | | | | | |
| OpComms: | | | | | | | | | | | |
| Telecom and Datacom | $293.3 | 76.5% | | $243.5 | | 61.6% | | $1,037.6 | 74.3% | $726.6 | 56.3% |
| Industrial and Consumer | 41.8 | 10.9% | | 100.7 | | 25.5% | | 199.7 | 14.3% | 421.0 | 32.6% |
| Total OpComms | $335.1 | 87.4% | | $344.2 | | 87.1% | | $1,237.3 | 88.6% | $1,147.6 | 88.9% |
| Lasers | 48.3 | 12.6% | | 51.2 | | 12.9% | | 158.9 | 11.4% | 142.9 | 11.1% |
| Net Revenue | $383.4 | | $395.4 | | | | $1,396.2 | | $1,290.5 | | |
| Contract balances | Balance sheet location | April 1, 2023 | July 2, 2022 | | Change | Percentage Change | |
| Accounts receivable, net | Accounts receivable, net | $278.0 | | $262.0 | | $16.0 | 6.1% |
| Deferred revenue and customer deposits | Other current liabilities | $3.4 | | $— | | $3.4 | n/a |
Table 46 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 | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Segment net revenue: | | | | | | |
| OpComms | 87.4% | | 87.1% | | 88.6% | 88.9% |
| Lasers | 12.6 | | 12.9 | | 11.4 | 11.1 |
| Net revenue | 100.0 | | 100.0 | | 100.0 | 100.0 |
| Cost of sales | 65.9 | | 53.8 | | 60.9 | 49.3 |
| Amortization of acquired developed intangibles | 4.9 | | 3.9 | | 4.8 | 3.7 |
First 8 of 20 rows. The CSV has all of them.
| Three Months Ended | | | | Nine Months Ended | | | | | | | | | | | | |
| April 1, 2023 | April 2, 2022 | | Change | Percentage Change | April 1, 2023 | | April 2, 2022 | | Change | | Percentage Change | | | | | |
| Segment net revenue: | | | | | | | | | | | | | | | | | |
| OpComms | $335.1 | | $344.2 | | $(9.1) | | (2.6)% | | | $1,237.3 | | | $1,147.6 | | $89.7 | | 7.8% |
| Lasers | 48.3 | | 51.2 | | (2.9) | | (5.7)% | | | 158.9 | | | 142.9 | | 16.0 | | 11.2% |
| Net revenue | $383.4 | | $395.4 | | $(12.0) | | (3.0)% | | | $1,396.2 | | | $1,290.5 | | $105.7 | | 8.2% |
| Gross profit | $112.0 | | $167.2 | | $(55.2) | | (33.0)% | | | $479.4 | | | $606.9 | | $(127.5) | | (21.0)% |
| Gross margin | 29.2% | | 42.3% | | | | | 34.3% | | | 47.0% | | | | | | |
First 8 of 14 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | | | | | | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | | April 2, 2022 | | | | | | | | |
| Amount | % of Total | | Amount | | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Americas: | | | | | | | | | | | | | | |
| United States | $68.3 | | 17.8% | | | $36.3 | | 9.2% | | $196.0 | | 14.0% | $115.4 | 8.9% |
| Mexico | 20.5 | | 5.4 | | | 42.3 | | 10.7 | | 137.5 | | 9.8 | 113.6 | 8.8 |
| Other Americas | 1.9 | | 0.5 | | | 3.0 | | 0.7 | | 8.0 | | 0.6 | 7.7 | 0.6 |
| Total Americas | $90.7 | | 23.7% | | | $81.6 | | 20.6% | | $341.5 | | 24.4% | $236.7 | 18.3% |
First 8 of 17 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | | | | | | | | | |
| Gross Profit | Gross Margin | | Gross Profit | Gross Margin | | | | | | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | April 1, 2023 | | April 2, 2022 | April 1, 2023 | | April 2, 2022 | | | |
| OpComms | $136.8 | | $168.5 | | 40.8% | | 49.0% | | $549.8 | | | $596.2 | 44.4% | 52.0% |
| Lasers | 19.5 | | 27.1 | | 40.4% | | 52.9% | | 77.6 | | | 74.1 | 48.8% | 51.9% |
| Segment total | $156.3 | | $195.6 | | 40.8% | | 49.5% | | $627.4 | | | $670.3 | 44.9% | 51.9% |
| Unallocated corporate items: | | | | | | | | | | | | | | |
| Stock-based compensation | (6.9) | | (5.4) | | | | | (19.1) | | (15.2) | | | | |
First 8 of 13 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Foreign exchange gains (losses), net | $(0.5) | | $1.1 | | $4.4 | $1.7 |
| Interest and investment income | 11.9 | | 1.1 | | 24.4 | 2.3 |
| Other income (expense), net | — | | — | | 0.1 | (0.2) |
| Total other income, net | $11.4 | | $2.2 | | $28.9 | $3.8 |
| (in millions) | Three Months Ended | Nine Months Ended | | | | |
| April 1, 2023 | April 2, 2022 | | April 1, 2023 | April 2, 2022 | |
| Income tax provision (benefit) | $(9.4) | | $3.3 | | $14.4 | $33.8 |
| Payments due by period | | | | |
| Total | Less than 1 year | | More than 1 year | |
| Contractual Obligations | | | | | |
| Asset retirement obligations | $8.2 | | $— | | $8.2 |
| Operating lease liabilities, including imputed interest (1) | 74.4 | | 16.4 | | 58.0 |
| Pension plan contributions (2) | 1.4 | | 1.4 | | — |
| Purchase obligations (3) | 379.2 | | 352.1 | | 27.1 |
| Convertible notes - principal (4) | 2,359.1 | | 448.1 | | 1,911.0 |
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 | |
| January 1, 2023 to January 28, 2023 | — | | $— | | — | $384.5 |
| January 29, 2023 to February 25, 2023 | — | | $— | | — | $384.5 |
| February 26, 2023 to April 1, 2023 | — | | $— | | — | $384.5 |
| Total | — | | $— | | — | $384.5 |
Table 54 after “The following exhibits are filed herewith or are incorporated by reference to exhibits previously filed with the Securities and Exchange Com”
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| Exhibit | | Incorporated by Reference | | | | Filed |
| No. | Exhibit Description | Form | File No. | Exhibit | Filing Date | Herewith |
| 10.1 | Global Performance Unit Award Agreement | | | | | X |
| 10.2 | Global Restricted Stock Unit Award Agreement | | | | | X |
| 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 |
First 8 of 10 rows. The CSV has all of them.