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Tables in the 10-Q of Lumentum Holdings Inc.
55 tables with numbers, filed Feb 8, 2024. 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 30, 2023 and December 31, 2022 | 2 |
| | Condensed Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended December 30, 2023 and December 31, 2022 | 3 |
| | Condensed Consolidated Balance Sheets as of December 30, 2023 and July 1, 2023 | 4 |
| | Condensed Consolidated Statements of Stockholders’ Equity for the Three and Six Months Ended December 30, 2023 and December 31, 2022 | 5 |
First 8 of 20 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Net revenue | $366.8 | | $506.0 | | $684.4 | $1,012.8 |
| Cost of sales | 281.3 | | 315.1 | | 504.2 | 597.7 |
| Amortization of acquired developed intangibles | 21.5 | | 24.7 | | 39.5 | 47.7 |
| Gross profit | 64.0 | | 166.2 | | 140.7 | 367.4 |
| Operating expenses: | | | | | | |
| Research and development | 78.3 | | 75.8 | | 151.8 | 148.5 |
First 8 of 23 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Net loss | $(99.1) | | $(31.7) | | $(167.0) | $(32.1) |
| Other comprehensive income, net of tax: | | | | | | |
| Foreign currency translation adjustments | 0.2 | | — | | — | — |
| Net change in unrealized gain on available-for-sale securities | 3.8 | | 3.6 | | 5.1 | 3.0 |
| Other comprehensive income, net of tax | 4.0 | | 3.6 | | 5.1 | 3.0 |
| Comprehensive loss, net of tax | $(95.1) | | $(28.1) | | $(161.9) | $(29.1) |
| December 30, 2023 | July 1, 2023 | |
| ASSETS | | | |
| Current assets: | | | |
| Cash and cash equivalents | $469.3 | | $859.0 |
| Short-term investments | 754.7 | | 1,154.6 |
| Accounts receivable, net | 248.3 | | 246.1 |
| Inventories | 471.7 | | 408.6 |
| Prepayments and other current assets | 118.1 | | 109.6 |
First 8 of 38 rows. The CSV has all of them.
| Common Stock | Additional Paid-In Capital | Accumulated Deficit | | Accumulated Other Comprehensive Income | | Total Stockholders' Equity | | | | |
| | Shares | Amount | | | | | | | | |
| Balance as of July 1, 2023 | | 66.4 | | $0.1 | | $1,692.2 | | $(340.6) | $4.1 | | $1,355.8 |
| Net loss | | — | | — | | — | | (67.9) | — | | (67.9) |
| Other comprehensive income | | — | | — | | — | | — | 1.1 | | 1.1 |
| Issuance of shares in connection with vesting of restricted stock units and performance stock units | | 0.8 | | — | | — | | — | — | | — |
| Withholding taxes related to net share settlement of restricted stock units | | (0.2) | | — | | (12.9) | | — | — | | (12.9) |
| Stock-based compensation | | — | | — | | 34.7 | | — | — | | 34.7 |
First 8 of 17 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.
| Six Months Ended | | |
| December 30, 2023 | December 31, 2022 | |
| OPERATING ACTIVITIES: | | | |
| Net loss | $(167.0) | | $(32.1) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | | | |
| Depreciation expense | 55.4 | | 50.9 |
| Stock-based compensation | 66.7 | | 83.2 |
| Amortization of acquired intangibles | 66.6 | | 68.3 |
First 8 of 47 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Numerator: | | | | | | |
| Net loss - basic and diluted | $(99.1) | | $(31.7) | | $(167.0) | $(32.1) |
| Denominator: | | | | | | |
| Weighted average common shares outstanding - basic and diluted | 67.2 | | 68.3 | | 67.0 | 68.2 |
| Net loss per share: | | | | | | |
| Basic | $(1.47) | | $(0.46) | | $(2.49) | $(0.47) |
First 8 of 9 rows. The CSV has all of them.
| Fair Value |
| Cash consideration (1) | $705.0 |
| Share-based consideration (2) | 23.5 |
| Total purchase price consideration | $728.5 |
| Fair Value |
| Total purchase price consideration | $728.5 |
| Assets acquired | |
| Cash and cash equivalents | 4.1 |
| Short-term investments | 1.0 |
| Accounts receivable, net | 20.9 |
| Inventories | 71.5 |
| Prepayments and other current assets | 14.3 |
First 8 of 24 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Net revenue | $386.5 | | $553.2 | | $773.1 | $1,113.4 |
| Net loss | $(96.3) | | $(39.9) | | $(159.9) | $(61.7) |
| December 31, 2022 | | |
| Three Months Ended | Six Months Ended | |
| Net revenue | $506.0 | | $1,036.7 |
| Net income (loss) | (25.8) | | 6.6 |
| Amortized Cost | Gross Unrealized Gains | | Gross Unrealized Losses | Fair Value | |
| December 30, 2023: | | | | | | |
| Cash | $235.2 | | $— | | $— | $235.2 |
| Cash equivalents: | | | | | | |
| Commercial paper | 5.1 | | — | | — | 5.1 |
| Money market funds | 206.6 | | — | | — | 206.6 |
| U.S. Treasury securities | 22.4 | | — | | — | 22.4 |
| Total cash and cash equivalents | $469.3 | | $— | | $— | $469.3 |
First 8 of 30 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 30, 2023: | | | | | | | |
| U.S. Agency securities | $5.0 | | $— | | $113.5 | $(0.4) | $(0.4) |
| Certificates of deposit | — | | — | | 4.0 | — | — |
| Commercial paper | — | | — | | 25.0 | — | — |
| Corporate debt securities | 40.8 | | (0.1) | | 231.3 | (0.7) | (0.8) |
| U.S. government bonds | 4.5 | | — | | 167.0 | (0.5) | (0.5) |
First 8 of 16 rows. The CSV has all of them.
| December 30, 2023 | July 1, 2023 | | | | |
| Amortized Cost | Fair Value | | Amortized Cost | Fair Value | |
| Due in 1 year | $534.2 | | $533.2 | | $762.9 | $759.1 |
| Due in 1 year through 5 years | 221.8 | | 221.5 | | 399.5 | 395.5 |
| Total | $756.0 | | $754.7 | | $1,162.4 | $1,154.6 |
| Level 1 | Level 2 | | Level 3 | Total | |
| December 30, 2023: (1) | | | | | | |
| Assets: | | | | | | |
| Cash equivalents: | | | | | | |
| Commercial paper | $— | | $5.1 | | $— | $5.1 |
| Money market funds | 206.6 | | — | | — | 206.6 |
| U.S. Treasury securities | 22.4 | | — | | — | 22.4 |
| Short-term investments: | | | | | | |
First 8 of 15 rows. The CSV has all of them.
| Level 1 | Level 2 | | Level 3 | Total | |
| July 1, 2023: (1) | | | | | | |
| Assets: | | | | | | |
| Cash equivalents: | | | | | | |
| Money market funds | $276.1 | | $— | | $— | $276.1 |
| U.S. Agency securities | — | | 4.0 | | — | 4.0 |
| U.S. Treasury securities | 324.6 | | — | | — | 324.6 |
| Short-term investments: | | | | | | |
First 8 of 14 rows. The CSV has all of them.
| December 30, 2023 | July 1, 2023 | | | | |
| Carrying Amount | Estimated Fair Value | | Carrying Amount | Estimated Fair Value | |
| 2029 Notes | $599.0 | | $601.9 | | $598.6 | $625.2 |
| 2028 Notes | 856.2 | | 681.3 | | 855.5 | 677.8 |
| 2026 Notes | 1,046.5 | | 935.3 | | 1,045.9 | 933.2 |
| 2024 Notes | 319.7 | | 325.9 | | 311.6 | 345.2 |
| $2,821.4 | | $2,544.4 | | $2,811.6 | $2,581.4 |
| December 30, 2023 | July 1, 2023 | |
| Raw materials and purchased parts | $206.6 | | $170.5 |
| Work in process | 117.4 | | 103.2 |
| Finished goods | 147.7 | | 134.9 |
| Inventories | $471.7 | | $408.6 |
| December 30, 2023 | July 1, 2023 | |
| Land | $75.2 | | $63.5 |
| Buildings and improvements | 189.6 | | 170.3 |
| Machinery and equipment | 733.3 | | 657.9 |
| Computer equipment and software | 44.2 | | 41.4 |
| Furniture and fixtures | 11.0 | | 10.2 |
| Leasehold improvements | 44.7 | | 49.6 |
| Construction in progress | 102.1 | | 69.2 |
First 8 of 11 rows. The CSV has all of them.
| December 30, 2023 | July 1, 2023 | |
| Operating lease right-of-use assets | $109.4 | | $116.5 |
| Less: accumulated amortization | (28.1) | | (39.2) |
| Operating lease right-of-use assets, net | $81.3 | | $77.3 |
| December 30, 2023 | July 1, 2023 | |
| Restructuring accrual and related charges (1) | $10.2 | | $5.0 |
| Warranty accrual (2) | 10.1 | | 6.8 |
| Deferred revenue and customer deposits | 0.9 | | 2.1 |
| Income tax payable (3) | 17.7 | | 28.0 |
| Other current liabilities | 6.1 | | 5.9 |
| Other current liabilities | $45.0 | | $47.8 |
| December 30, 2023 | July 1, 2023 | |
| Asset retirement obligations | $7.6 | | $8.2 |
| Pension and related accruals (1) | 11.4 | | 9.6 |
| Unrecognized tax benefit | 70.1 | | 64.4 |
| Other non-current liabilities | 8.5 | | 9.2 |
| Other non-current liabilities | $97.6 | | $91.4 |
| Cloud & Networking | Industrial Tech | | Total | |
| Balances as of July 1, 2023 | $683.9 | | $11.2 | | $695.1 |
| Acquisition of Cloud Light | 359.5 | | — | | 359.5 |
| Balance as of December 30, 2023 | $1,043.4 | | $11.2 | | $1,054.6 |
| Fair Value at the Acquisition Date | Weighted Average Amortization Period (Years) | |
| Acquired developed technologies | $170.0 | | 7.0 |
| Customer relationships | 130.0 | | 7.0 |
| In-process research and development | 16.0 | | n/a |
| Order backlog | 14.0 | | 1.0 |
| Trade name and trademarks | 3.0 | | 1.2 |
| Total intangible assets | $333.0 | | |
| Fair Value at the Acquisition Date | Weighted Average Amortization Period (Years) | | | | |
| NeoPhotonics | IPG Telecom Transmission 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 30, 2023 | Gross Carrying Amounts | Accumulated Amortization | | Net Carrying Amounts | Weighted Average Remaining Amortization Period (Years) | |
| Acquired developed technologies | $807.8 | | $(426.8) | | $381.0 | 5.1 |
| Customer relationships | 419.8 | | (139.7) | | 280.1 | 2.8 |
| In-process research and development | 54.9 | | — | | 54.9 | n/a |
| Order backlog | 14.0 | | (2.0) | | 12.0 | — |
| Trade name and trademarks | 3.0 | | (0.4) | | 2.6 | — |
| Total intangible assets | $1,299.5 | | $(568.9) | | $730.6 | |
| July 1, 2023 | Gross Carrying Amounts | Accumulated Amortization | | Net Carrying Amounts | Weighted Average Remaining Amortization Period (Years) | |
| Acquired developed technologies | $630.9 | | $(385.5) | | $245.4 | 4.2 |
| Customer relationships | 289.7 | | (116.8) | | 172.9 | 3.7 |
| In-process research and development | 40.9 | | — | | 40.9 | n/a |
| Total intangible assets | $961.5 | | $(502.3) | | $459.2 | |
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Cost of sales | $21.5 | | $24.8 | | $39.5 | $47.7 |
| Research and development | 0.4 | | — | | 0.7 | — |
| Selling, general and administrative | 15.7 | | 11.3 | | 26.4 | 20.6 |
| Total amortization of intangibles | $37.6 | | $36.1 | | $66.6 | $68.3 |
| Fiscal Years | |
| Remainder of 2024 | $83.8 |
| 2025 | 147.5 |
| 2026 | 131.5 |
| 2027 | 118.7 |
| 2028 | 80.5 |
| Thereafter | 113.7 |
| Total future amortization | $675.7 |
| December 30, 2023 | 2024 Notes (1) | 2026 Notes (2) | | 2028 Notes (3) | 2029 Notes (4) | Total | | |
| Principal | $323.1 | | $1,050.0 | | $861.0 | | $603.7 | $2,837.8 |
| Unamortized debt discount and debt issuance costs | (3.4) | | (3.5) | | (4.8) | | (4.7) | (16.4) |
| Net carrying amount of the liability component | $319.7 | | $1,046.5 | | $856.2 | | $599.0 | $2,821.4 |
| July 1, 2023 | 2024 Notes (1) | 2026 Notes (2) | | 2028 Notes (3) | 2029 Notes (4) | Total | | |
| Principal | $323.1 | | $1,050.0 | | $861.0 | | $603.7 | $2,837.8 |
| Unamortized debt discount and debt issuance costs | (11.5) | | (4.1) | | (5.5) | | (5.1) | (26.2) |
| Net carrying amount of the liability component | $311.6 | | $1,045.9 | | $855.5 | | $598.6 | $2,811.6 |
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Contractual interest expense | $4.9 | | $2.7 | | $9.7 | $5.4 |
| Amortization of the debt discount and debt issuance costs | 4.8 | | 6.2 | | 9.7 | 11.9 |
| Total interest expense | $9.7 | | $8.9 | | $19.4 | $17.3 |
| Fiscal Years | 2024 Notes | 2026 Notes | | 2028 Notes | 2029 Notes | Total | | |
| 2024 | $323.7 | | $2.6 | | $2.2 | | $4.5 | $333.0 |
| 2025 | — | | 5.3 | | 4.3 | | 9.1 | 18.7 |
| 2026 | — | | 5.3 | | 4.3 | | 9.1 | 18.7 |
| 2027 | — | | 1,052.5 | | 4.3 | | 9.1 | 1,065.9 |
| 2028 | — | | — | | 865.3 | | 9.1 | 874.4 |
| Thereafter | — | | — | | — | | 617.1 | 617.1 |
| Total payments | $323.7 | | $1,065.7 | | $880.4 | | $658.0 | $2,927.8 |
| 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 (3) | | Total | |
| Beginning balance as of July 1, 2023 | $10.4 | | $(0.4) | | $(5.9) | | $4.1 |
| Other comprehensive gain (loss), net | (0.2) | | — | | 1.3 | | 1.1 |
| Ending balance as of September 30, 2023 | $10.2 | | $(0.4) | | $(4.6) | | $5.2 |
| Other comprehensive gain, net | 0.2 | | — | | 3.8 | | 4.0 |
| Ending balance as of December 30, 2023 | $10.4 | | $(0.4) | | $(0.8) | | $9.2 |
| 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 (3) | | Total | |
| Beginning balance as of July 2, 2022 | $9.7 | | $1.0 | | $(10.3) | | $0.4 |
First 8 of 12 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Balance as of beginning of period | $9.3 | | $3.1 | | $5.0 | $— |
| Charges | 5.8 | | 13.9 | | 16.8 | 23.2 |
| Payments | (4.9) | | (2.9) | | (11.6) | (9.1) |
| Balance as of end of period | $10.2 | | $14.1 | | $10.2 | $14.1 |
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Cost of sales | $9.0 | | $6.7 | | $15.0 | $12.2 |
| Research and development | 10.0 | | 10.6 | | 20.3 | 20.2 |
| Selling, general and administrative | 15.6 | | 19.3 | | 31.4 | 50.8 |
| Total stock-based compensation | $34.6 | | $36.6 | | $66.7 | $83.2 |
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Income tax benefit associated with stock-based compensation | $0.6 | | $6.4 | | $2.5 | $11.5 |
| Stock Options | Restricted Stock Units | | Performance Stock Units | | | | | | |
| Number of Shares | Weighted-Average Exercise Price per Share | | 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 1, 2023 | — | | $— | | 2.6 | | $85.0 | | 0.6 | $89.1 |
| Replacement options in connection with Cloud Light acquisition | 1.1 | | 34.6 | | — | | — | | — | — |
| Granted | — | | — | | 1.9 | | 52.6 | | 0.7 | 53.2 |
| Vested/Exercised (1) | — | | 8.0 | | (1.0) | | 87.4 | | (0.1) | 89.5 |
| Canceled | — | | — | | (0.2) | | 78.5 | | (0.1) | 88.9 |
| Balance as of December 30, 2023 | 1.1 | | $34.6 | | 3.3 | | $66.2 | | 1.1 | $65.9 |
| Awards Available for Grant |
| Balance as of July 1, 2023 | 2.7 |
| Authorized in connection with Cloud Light acquisition | 1.5 |
| Replacement options in connection with Cloud Light acquisition | (1.1) |
| Authorized | 3.0 |
| Granted | (2.6) |
| Canceled | 0.3 |
| Balance as of December 30, 2023 | 3.8 |
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Balance as of beginning of period | $5.5 | | $10.1 | | $6.8 | $10.0 |
| Warranty assumed from Cloud Light | 5.2 | | — | | 5.2 | — |
| Provision for warranty | 0.8 | | 2.8 | | 1.0 | 5.0 |
| Utilization of reserve, net | (1.4) | | (4.5) | | (2.9) | (6.6) |
| Balance as of end of period | $10.1 | | $8.4 | | $10.1 | $8.4 |
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Net revenue: | | | | | | |
| Cloud & Networking | $286.7 | | $382.9 | | $516.4 | $743.0 |
| Industrial Tech | 80.1 | | 123.1 | | 168.0 | 269.8 |
| Net revenue | $366.8 | | $506.0 | | $684.4 | $1,012.8 |
| Segment profit: | | | | | | |
| Cloud & Networking | $29.1 | | $99.9 | | $53.0 | $201.6 |
First 8 of 25 rows. The CSV has all of them.
Table 43 after “(in millions, except percentage data):”
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| Three Months Ended | Six Months Ended | | | | | | | | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | | | | | | | | |
| Amount | % of Total | | Amount | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Net revenue: | | | | | | | | | | | | | |
| Americas: | | | | | | | | | | | | | |
| United States | $103.0 | | 28.1% | | $65.5 | | 12.9% | | $144.1 | | 21.0% | $127.7 | 12.6% |
| Mexico | 31.4 | | 8.6 | | 59.5 | | 11.8 | | 55.1 | | 8.1 | 117.0 | 11.6 |
| Other Americas | 0.8 | | 0.2 | | 3.8 | | 0.8 | | 2.0 | | 0.3 | 6.1 | 0.6 |
First 8 of 18 rows. The CSV has all of them.
| December 30, 2023 | July 1, 2023 | |
| Property, plant and equipment, net | | | |
| United States | $136.1 | | $134.7 |
| Thailand | 134.3 | | 132.0 |
| Japan | 84.3 | | 93.0 |
| United Kingdom | 76.6 | | 38.2 |
| China | 94.0 | | 42.1 |
| Other countries | 57.0 | | 49.5 |
First 8 of 9 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | | | | | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | | | | | | | | |
| Amount | % of Total | | Amount | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Cloud & Networking | $286.7 | | 78.2% | | $382.9 | | 75.7% | | $516.4 | | 75.5% | $743.0 | 73.4% |
| Industrial Tech | 80.1 | | 21.8% | | 123.1 | | 24.3% | | 168.0 | | 24.5% | 269.8 | 26.6% |
| Net revenue | $366.8 | | 100.0% | | $506.0 | | 100.0% | | $684.4 | | 100.0% | $1,012.8 | 100.0% |
| Contract balances | Balance sheet location | December 30, 2023 | July 1, 2023 | | Change | Percentage Change | |
| Accounts receivable, net | Accounts receivable, net | $248.3 | | $246.1 | | $2.2 | 0.9% |
| Deferred revenue and customer deposits | Other current liabilities | $0.9 | | $2.1 | | $(1.2) | (57.1)% |
Table 47 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 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Segment net revenue: | | | | | | |
| Cloud & Networking | 78.2% | | 75.7% | | 75.5% | 73.4% |
| Industrial Tech | 21.8 | | 24.3 | | 24.5 | 26.6 |
| Net revenue | 100.0 | | 100.0 | | 100.0 | 100.0 |
| Cost of sales | 76.7 | | 62.3 | | 73.6 | 59.0 |
| Amortization of acquired developed intangibles | 5.9 | | 4.9 | | 5.8 | 4.7 |
First 8 of 20 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | | | | | | | | | |
| December 30, 2023 | December 31, 2022 | | Change | Percentage Change | December 30, 2023 | | December 31, 2022 | Change | | Percentage Change | | | |
| Segment net revenue: | | | | | | | | | | | | | | |
| Cloud & Networking | $286.7 | | $382.9 | | $(96.2) | | (25.1)% | | $516.4 | | | $743.0 | $(226.6) | (30.5)% |
| Industrial Tech | 80.1 | | 123.1 | | (43.0) | | (34.9)% | | 168.0 | | | 269.8 | (101.8) | (37.7)% |
| Net revenue | $366.8 | | $506.0 | | $(139.2) | | (27.5)% | | $684.4 | | | $1,012.8 | $(328.4) | (32.4)% |
| Gross profit | $64.0 | | $166.2 | | $(102.2) | | (61.5)% | | $140.7 | | | $367.4 | $(226.7) | (61.7)% |
| Gross margin | 17.4% | | 32.8% | | | | | 20.6% | | 36.3% | | | | |
First 8 of 14 rows. The CSV has all of them.
Table 49 after “(in millions, except percentage data):”
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| Three Months Ended | Six Months Ended | | | | | | | | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | | | | | | | | |
| Amount | % of Total | | Amount | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Americas: | | | | | | | | | | | | | |
| United States | $103.0 | | 28.1% | | $65.5 | | 12.9% | | $144.1 | | 21.0% | $127.7 | 12.6% |
| Mexico | 31.4 | | 8.6 | | 59.5 | | 11.8 | | 55.1 | | 8.1 | 117.0 | 11.6 |
| Other Americas | 0.8 | | 0.2 | | 3.8 | | 0.8 | | 2.0 | | 0.3 | 6.1 | 0.6 |
| Total Americas | $135.2 | | 36.9% | | $128.8 | | 25.5% | | $201.2 | | 29.4% | $250.8 | 24.8% |
First 8 of 17 rows. The CSV has all of them.
Table 50 after “Comparative prior period segment information has been recast to conform to the new segment structure.”
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| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Net revenue: | | | | | | |
| Cloud & Networking | $286.7 | | $382.9 | | $516.4 | $743.0 |
| Industrial Tech | 80.1 | | 123.1 | | 168.0 | 269.8 |
| Net revenue | $366.8 | | $506.0 | | $684.4 | $1,012.8 |
| Segment profit: | | | | | | |
| Cloud & Networking | $29.1 | | $99.9 | | $53.0 | $201.6 |
First 8 of 25 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Foreign exchange and other gains (losses), net | $(3.7) | | $(4.1) | | $(4.2) | $4.9 |
| Interest and investment income, net | 17.1 | | 7.7 | | 38.8 | 12.5 |
| Total other income, net | $13.4 | | $3.6 | | $34.6 | $17.4 |
| Three Months Ended | Six Months Ended | | | | |
| December 30, 2023 | December 31, 2022 | | December 30, 2023 | December 31, 2022 | |
| Income tax provision (benefit) | $(2.4) | | $4.6 | | $(3.8) | $23.8 |
| Payments Due | | | | |
| Total | Less Than 1 Year | | More Than 1 Year | |
| Contractual Obligations | | | | | |
| Asset retirement obligations | $7.6 | | $— | | $7.6 |
| Operating lease liabilities, including imputed interest (1) | 79.4 | | 18.8 | | 60.6 |
| Pension plan contributions (2) | 2.2 | | 2.2 | | — |
| Purchase obligations (3) | 423.8 | | 372.1 | | 51.7 |
| Convertible notes - principal (4) | 2,837.8 | | 323.1 | | 2,514.7 |
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 1, 2023 to October 28, 2023 | — | | $— | | — | $569.6 |
| October 29, 2023 to December 2, 2023 | — | | $— | | — | $569.6 |
| December 3, 2023 to December 30, 2023 | — | | $— | | — | $569.6 |
| Total | — | | $— | | — | $569.6 |
Table 55 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 |
| 2.1 | Agreement and Plan of Merger dated as of October 29, 2023 by and among Lumentum Holdings Inc., Cloud Light, Crius Merger Sub Inc. | 8-K | 001-36861 | 2.1 | October 30, 2023 | |
| 10.1 | Amended Change in Control Benefits Plan effective 8.22.23 | 10-Q | 001-36861 | 10.1 | November 8, 2023 | |
| 10.1 | 2015 Equity Incentive Plan, as Amended and Restated September 15,2023 | 8-K | 001-36861 | 10.1 | November 21, 2023 | |
| 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 |
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