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Tables in the 10-Q of Lumentum Holdings Inc.
60 tables with numbers, filed May 7, 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 Nine Months Ended March 30, 2024 and April 1, 2023 | 2 |
| | Condensed Consolidated Statements of Comprehensive Loss for the Three and Nine Months Ended March 30, 2024 and April 1, 2023 | 3 |
| | Condensed Consolidated Balance Sheets as of March 30, 2024 and July 1, 2023 | 4 |
| | Condensed Consolidated Statements of Stockholders’ Equity for the Three and Nine Months Ended March 30, 2024 and April 1, 2023 | 7 |
First 8 of 20 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Net revenue | $366.5 | | $383.4 | | $1,050.9 | $1,396.2 |
| Cost of sales | 284.7 | | 252.7 | | 788.9 | 850.4 |
| Amortization of acquired developed intangibles | 22.3 | | 18.7 | | 61.8 | 66.4 |
| Gross profit | 59.5 | | 112.0 | | 200.2 | 479.4 |
| Operating expenses: | | | | | | |
| Research and development | 77.2 | | 85.4 | | 229.0 | 233.9 |
First 8 of 23 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Net loss | $(127.0) | | $(39.3) | | $(294.0) | $(71.4) |
| Other comprehensive income (loss), net of tax: | | | | | | |
| Foreign currency translation adjustments | (0.1) | | 0.3 | | (0.1) | 0.3 |
| Net change in unrealized gain on available-for-sale securities | (0.3) | | 3.4 | | 4.8 | 6.4 |
| Other comprehensive income (loss), net of tax | (0.4) | | 3.7 | | 4.7 | 6.7 |
| Comprehensive loss, net of tax | $(127.4) | | $(35.6) | | $(289.3) | $(64.7) |
| March 30, 2024 | July 1, 2023 | |
| ASSETS | | | |
| Current assets: | | | |
| Cash and cash equivalents | $425.0 | | $859.0 |
| Short-term investments | 445.9 | | 1,154.6 |
| Accounts receivable, net | 229.8 | | 246.1 |
| Inventories | 420.7 | | 408.6 |
| Prepayments and other current assets | 128.6 | | 109.6 |
First 8 of 38 rows. The CSV has all of them.
| Nine Months Ended | | |
| March 30, 2024 | April 1, 2023 | |
| OPERATING ACTIVITIES: | | | |
| Net loss | $(294.0) | | $(71.4) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | | | |
| Depreciation expense | 82.4 | | 78.6 |
| Stock-based compensation | 98.3 | | 116.3 |
| Write-off of in-process research and development intangible assets | — | | 11.5 |
First 8 of 47 rows. The CSV has all of them.
| Unpaid intangible assets in accrued expenses | 1.0 | — |
| Settlement of loan to NeoPhotonics | — | 50.0 |
| Share-based purchase price consideration in connection with the Cloud Light acquisition | 23.5 | — |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 16.0 | 19.4 |
| 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 23 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.
| Three Months Ended | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Numerator: | | | | | | |
| Net loss - basic and diluted | $(127.0) | | $(39.3) | | $(294.0) | $(71.4) |
| Denominator: | | | | | | |
| Weighted average common shares outstanding - basic and diluted | 67.5 | | 68.6 | | 67.1 | 68.3 |
| Net loss per share: | | | | | | |
| Basic | $(1.88) | | $(0.57) | | $(4.38) | $(1.05) |
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 | 71.2 |
| Prepayments and other current assets | 14.3 |
First 8 of 24 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Net revenue | $366.5 | | $422.5 | | $1,139.6 | $1,535.9 |
| Net loss | $(122.8) | | $(51.2) | | $(282.7) | $(112.9) |
| April 1, 2023 | | |
| Three Months Ended | Nine Months Ended | |
| Net revenue | $383.4 | | $1,420.1 |
| Net loss | (35.9) | | (29.3) |
| Amortized Cost | Gross Unrealized Gains | | Gross Unrealized Losses | Fair Value | |
| March 30, 2024: | | | | | | |
| Cash | $287.2 | | $— | | $— | $287.2 |
| Cash equivalents: | | | | | | |
| Commercial paper | 7.2 | | — | | — | 7.2 |
| Money market funds | 130.6 | | — | | — | 130.6 |
| Total cash and cash equivalents | $425.0 | | $— | | $— | $425.0 |
| Short-term investments: | | | | | | |
First 8 of 28 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 | | |
| March 30, 2024: | | | | | | | |
| U.S. Agency securities | $3.5 | | $— | | $89.2 | $(0.4) | $(0.4) |
| Commercial paper | — | | — | | 13.1 | — | — |
| Corporate debt securities | 21.6 | | (0.1) | | 175.7 | (0.7) | (0.8) |
| U.S. government bonds | 2.0 | | — | | 117.6 | (0.7) | (0.7) |
| Total | $27.1 | | $(0.1) | | $395.6 | $(1.8) | $(1.9) |
First 8 of 15 rows. The CSV has all of them.
| March 30, 2024 | July 1, 2023 | | | | |
| Amortized Cost | Fair Value | | Amortized Cost | Fair Value | |
| Due within 1 year | $394.6 | | $393.0 | | $762.9 | $759.1 |
| Due in 1 year to 5 years | 53.1 | | 52.9 | | 399.5 | 395.5 |
| Total | $447.7 | | $445.9 | | $1,162.4 | $1,154.6 |
| Level 1 | Level 2 | | Level 3 | Total | |
| March 30, 2024: (1) | | | | | | |
| Assets: | | | | | | |
| Cash equivalents: | | | | | | |
| Commercial paper | $— | | $7.2 | | $— | $7.2 |
| Money market funds | 130.6 | | — | | — | 130.6 |
| Short-term investments: | | | | | | |
| Certificates of deposit | — | | 1.8 | | — | 1.8 |
First 8 of 13 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.
| March 30, 2024 | July 1, 2023 | | | | |
| Carrying Amount | Estimated Fair Value | | Carrying Amount | Estimated Fair Value | |
| 2029 Notes | $599.1 | | $570.1 | | $598.6 | $625.2 |
| 2028 Notes | 856.5 | | 668.0 | | 855.5 | 677.8 |
| 2026 Notes | 1,046.8 | | 925.7 | | 1,045.9 | 933.2 |
| 2024 Notes | — | | — | | 311.6 | 345.2 |
| $2,502.4 | | $2,163.8 | | $2,811.6 | $2,581.4 |
| March 30, 2024 | July 1, 2023 | |
| Raw materials and purchased parts | $202.8 | | $170.5 |
| Work in process | 114.1 | | 103.2 |
| Finished goods | 103.8 | | 134.9 |
| Inventories | $420.7 | | $408.6 |
| March 30, 2024 | July 1, 2023 | |
| Land | $75.2 | | $63.5 |
| Buildings and improvements | 211.8 | | 170.3 |
| Machinery and equipment | 748.6 | | 657.9 |
| Computer equipment and software | 44.3 | | 41.4 |
| Furniture and fixtures | 12.5 | | 10.2 |
| Leasehold improvements | 45.2 | | 49.6 |
| Construction in progress | 82.0 | | 69.2 |
First 8 of 11 rows. The CSV has all of them.
| March 30, 2024 | July 1, 2023 | |
| Operating lease right-of-use assets | $112.3 | | $116.5 |
| Less: accumulated amortization | (35.6) | | (39.2) |
| Operating lease right-of-use assets, net | $76.7 | | $77.3 |
| March 30, 2024 | July 1, 2023 | |
| Restructuring accrual and related charges (1) | $17.7 | | $5.0 |
| Warranty accrual (2) | 13.5 | | 6.8 |
| Deferred revenue and customer deposits | 0.8 | | 2.1 |
| Income tax payable (3) | 32.4 | | 28.0 |
| Other current liabilities | 3.9 | | 5.9 |
| Other current liabilities | $68.3 | | $47.8 |
| March 30, 2024 | July 1, 2023 | |
| Asset retirement obligations | $7.5 | | $8.2 |
| Pension and related accruals (1) | 9.6 | | 9.6 |
| Unrecognized tax benefit | 73.9 | | 64.4 |
| Other non-current liabilities | 7.8 | | 9.2 |
| Other non-current liabilities | $98.8 | | $91.4 |
| Cloud & Networking | Industrial Tech | | Total | |
| Balances as of July 1, 2023 | $683.9 | | $11.2 | | $695.1 |
| Acquisition of Cloud Light (1) | 360.8 | | — | | 360.8 |
| Balances as of March 30, 2024 | $1,044.7 | | $11.2 | | $1,055.9 |
| 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 | |
| March 30, 2024 | Gross Carrying Amounts | Accumulated Amortization | | Net Carrying Amounts | Weighted Average Remaining Amortization Period (Years) | |
| Acquired developed technologies | $807.8 | | $(450.1) | | $357.7 | 5.0 |
| Customer relationships | 419.8 | | (154.5) | | 265.3 | 5.2 |
| In-process research and development | 54.9 | | — | | 54.9 | n/a |
| Order backlog | 14.0 | | (5.4) | | 8.6 | 0.6 |
| Trade name and trademarks | 3.0 | | (1.0) | | 2.0 | 0.8 |
| Total intangible assets | $1,299.5 | | $(611.0) | | $688.5 | |
| 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 | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Cost of sales | $22.3 | | $18.7 | | $61.8 | $66.4 |
| Research and development | 0.4 | | — | | 1.1 | — |
| Selling, general and administrative | 19.4 | | 11.3 | | 45.8 | 31.9 |
| Total amortization of intangibles | $42.1 | | $30.0 | | $108.7 | $98.3 |
| Fiscal Years | |
| Remainder of 2024 | $41.7 |
| 2025 | 147.5 |
| 2026 | 131.5 |
| 2027 | 118.7 |
| 2028 | 80.5 |
| Thereafter | 113.7 |
| Total future amortization | $633.6 |
| March 30, 2024 | 2026 Notes (1) | 2028 Notes (2) | | 2029 Notes (3) | Total | |
| Principal | $1,050.0 | | $861.0 | | $603.7 | $2,514.7 |
| Unamortized debt discount and debt issuance costs | (3.2) | | (4.5) | | (4.6) | (12.3) |
| Net carrying amount of the liability component | $1,046.8 | | $856.5 | | $599.1 | $2,502.4 |
| July 1, 2023 | 2024 Notes | 2026 Notes (1) | | 2028 Notes (2) | 2029 Notes (3) | 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 | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Contractual interest expense | $4.9 | | $2.7 | | $14.6 | $8.1 |
| Amortization of the debt discount and debt issuance costs | 4.1 | | 6.0 | | 13.8 | 17.9 |
| Total interest expense | $9.0 | | $8.7 | | $28.4 | $26.0 |
| Fiscal Years | 2026 Notes | 2028 Notes | | 2029 Notes | Total | |
| 2024 | $2.6 | | $2.2 | | $4.6 | $9.4 |
| 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 | $1,065.7 | | $880.4 | | $658.1 | $2,604.2 |
| 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 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 |
| Other comprehensive gain, net | (0.1) | | — | | (0.3) | | (0.4) |
| Ending balance as of March 30, 2024 | $10.3 | | $(0.4) | | $(1.1) | | $8.8 |
First 8 of 16 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Balance as of beginning of period | $10.2 | | $14.1 | | $5.0 | $— |
| Charges | 19.2 | | 1.6 | | 36.0 | 24.8 |
| Payments | (11.7) | | (11.5) | | (23.3) | (20.6) |
| Balance as of end of period | $17.7 | | $4.2 | | $17.7 | $4.2 |
| Three Months Ended | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Cost of sales | $8.5 | | $6.9 | | $23.5 | $19.1 |
| Research and development | 9.8 | | 11.0 | | 30.1 | 31.2 |
| Selling, general and administrative | 13.3 | | 15.2 | | 44.7 | 66.0 |
| Total stock-based compensation | $31.6 | | $33.1 | | $98.3 | $116.3 |
| Three Months Ended | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Income tax benefit associated with stock-based compensation | $3.6 | | $3.3 | | $6.1 | $9.7 |
| 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 | | 52.4 | | 0.7 | 53.1 |
| Vested/Exercised (1) | — | | 8.0 | | (1.2) | | 85.8 | | (0.1) | 88.8 |
| Canceled | — | | — | | (0.3) | | 72.8 | | (0.3) | 84.1 |
| Balance as of March 30, 2024 | 1.1 | | $34.6 | | 3.0 | | $64.7 | | 0.9 | $65.8 |
| 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 | 0.6 |
| Balance as of March 30, 2024 | 4.1 |
| Three Months Ended | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Balance as of beginning of period | $10.1 | | $8.4 | | $6.8 | $10.0 |
| Warranties assumed in NeoPhotonics merger | — | | — | | — | 0.7 |
| Warranty assumed from Cloud Light | 3.0 | | — | | 8.2 | — |
| Provision for warranty | 2.6 | | 1.1 | | 3.6 | 5.4 |
| Utilization of reserve, net | (2.2) | | (2.7) | | (5.1) | (9.3) |
| Balance as of end of period | $13.5 | | $6.8 | | $13.5 | $6.8 |
| Three Months Ended | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Net revenue: | | | | | | |
| Cloud & Networking | $313.8 | | 293.0 | | $830.2 | $1,036.0 |
| Industrial Tech | 52.7 | | 90.4 | | 220.7 | 360.2 |
| Net revenue | $366.5 | | $383.4 | | $1,050.9 | $1,396.2 |
| Segment profit (loss): | | | | | | |
| Cloud & Networking | $45.9 | | 61.0 | | $98.9 | $262.6 |
First 8 of 26 rows. The CSV has all of them.
Table 44 after “(in millions, except percentage data):”
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| Three Months Ended | Nine Months Ended | | | | | | | | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | | | | | | | | |
| Amount | % of Total | | Amount | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Net revenue: | | | | | | | | | | | | | |
| Americas: | | | | | | | | | | | | | |
| United States | $129.9 | | 35.4% | | $68.3 | | 17.8% | | $274.0 | | 26.2% | $196.0 | 14.0% |
| Mexico | 18.9 | | 5.2 | | 20.5 | | 5.4 | | 74.0 | | 7.0 | 137.5 | 9.8 |
| Other Americas | 0.6 | | 0.2 | | 1.9 | | 0.5 | | 2.6 | | 0.2 | 8.0 | 0.6 |
First 8 of 18 rows. The CSV has all of them.
Table 45 after “The following table sets forth net revenue generated from a single customer that represented 10% or greater of the total net revenue for the”
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| Three Months Ended | Nine Months Ended | | | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | | April 1, 2023 | | |
| Customer A | 28.5% | | * | | 18.7% | | | * |
| Customer B | * | 12.7% | | | * | | * | |
| Customer C | * | 10.7% | | | 12.1% | | | 16.1% |
| Customer D | * | * | | * | | 13.1% | | |
| *Represents less than 10% of total net revenue | | | | | | | | |
Table 46 after “The following table sets forth accounts receivable from a single customer that represented 10% or greater of the total accounts receivable f”
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| March 30, 2024 | July 1, 2023 | |
| Customer 1 | 18.9% | | * |
| Customer 2 | * | 14.3% | |
| Customer 3 | * | 11.9% | |
| Customer 4 | * | 11.9% | |
| *Represents less than 10% of total accounts receivable | | | |
| March 30, 2024 | July 1, 2023 | |
| Property, plant and equipment, net | | | |
| United States | $134.2 | | $134.7 |
| Thailand | 135.9 | | 132.0 |
| Japan | 80.1 | | 93.0 |
| United Kingdom | 80.2 | | 38.2 |
| China | 92.0 | | 42.1 |
| Other countries | 56.3 | | 49.5 |
First 8 of 9 rows. The CSV has all of them.
Table 48 after “We purchase a portion of our inventory from contract manufacturers and vendors located primarily in Taiwan, Thailand and Malaysia. The follo”
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| Three Months Ended | Nine Months Ended | | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | | April 1, 2023 | |
| Contract Manufacturer A | 24.7% | | 44.4% | | 30.6% | | 42.4% |
| Three Months Ended | Nine Months Ended | | | | | | | | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | | | | | | | | |
| Amount | % of Total | | Amount | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Cloud & Networking | $313.8 | | 85.6% | | 293.0 | | 76.4% | | $830.2 | | 79.0% | $1,036.0 | 74.2% |
| Industrial Tech | 52.7 | | 14.4% | | 90.4 | | 23.6% | | 220.7 | | 21.0% | 360.2 | 25.8% |
| Net revenue | $366.5 | | 100.0% | | $383.4 | | 100.0% | | $1,050.9 | | 100.0% | $1,396.2 | 100.0% |
| Contract balances | Balance sheet location | March 30, 2024 | July 1, 2023 | | Change | Percentage Change | |
| Accounts receivable, net | Accounts receivable, net | $229.8 | | $246.1 | | $(16.3) | (6.6)% |
| Deferred revenue and customer deposits | Other current liabilities | $0.8 | | $2.1 | | $(1.3) | (61.9)% |
Table 51 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 | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Segment net revenue: | | | | | | |
| Cloud & Networking | 85.6% | | 76.4% | | 79.0% | 74.2% |
| Industrial Tech | 14.4 | | 23.6% | | 21.0 | 25.8% |
| Net revenue | 100.0 | | 100.0 | | 100.0 | 100.0 |
| Cost of sales | 77.7 | | 65.9 | | 75.1 | 60.9 |
| Amortization of acquired developed intangibles | 6.1 | | 4.9 | | 5.9 | 4.8 |
First 8 of 20 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | | | | | | | | | | | | |
| March 30, 2024 | April 1, 2023 | | Change | Percentage Change | March 30, 2024 | | April 1, 2023 | | Change | | Percentage Change | | | | | |
| Segment net revenue: | | | | | | | | | | | | | | | | | |
| Cloud & Networking | $313.8 | | 293.0 | | $20.8 | | 7.1% | | | $830.2 | | | $1,036.0 | | $(205.8) | | (19.9)% |
| Industrial Tech | 52.7 | | 90.4 | | (37.7) | | (41.7)% | | | 220.7 | | | 360.2 | | (139.5) | | (38.7)% |
| Net revenue | $366.5 | | $383.4 | | $(16.9) | | (4.4)% | | | $1,050.9 | | | $1,396.2 | | $(345.3) | | (24.7)% |
| Gross profit | $59.5 | | $112.0 | | $(52.5) | | (46.9)% | | | $200.2 | | | $479.4 | | $(279.2) | | (58.2)% |
| Gross margin | 16.2% | | 29.2% | | | | | 19.1% | | | 34.3% | | | | | | |
First 8 of 14 rows. The CSV has all of them.
Table 53 after “The following table sets forth net revenue generated from a single customer that represented 10% or greater of the total net revenue for the”
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| Three Months Ended | Nine Months Ended | | | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | | April 1, 2023 | | |
| Customer A | 28.5% | | * | | 18.7% | | | * |
| Customer B | * | 12.7% | | | * | | * | |
| Customer C | * | 10.7% | | | 12.1% | | | 16.1% |
| Customer D | * | * | | * | | 13.1% | | |
| *Represents less than 10% of total net revenue | | | | | | | | |
Table 54 after “(in millions, except percentage data):”
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| Three Months Ended | Nine Months Ended | | | | | | | | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | | | | | | | | |
| Amount | % of Total | | Amount | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Net revenue: | | | | | | | | | | | | | |
| Americas: | | | | | | | | | | | | | |
| United States | $129.9 | | 35.4% | | $68.3 | | 17.8% | | $274.0 | | 26.2% | $196.0 | 14.0% |
| Mexico | 18.9 | | 5.2 | | 20.5 | | 5.4 | | 74.0 | | 7.0 | 137.5 | 9.8 |
| Other Americas | 0.6 | | 0.2 | | 1.9 | | 0.5 | | 2.6 | | 0.2 | 8.0 | 0.6 |
First 8 of 18 rows. The CSV has all of them.
Table 55 after “Comparative prior period segment information has been recast to conform to the new segment structure.”
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| Three Months Ended | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Cloud & Networking | $45.9 | | $61.0 | | $98.9 | $262.6 |
| Industrial Tech | (2.7) | | 22.1 | | 25.3 | 140.6 |
| Three Months Ended | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Foreign exchange and other gains (losses), net | $3.7 | | $(0.5) | | $(0.5) | $4.4 |
| Interest and investment income, net | 12.6 | | 11.9 | | 51.4 | 24.4 |
| Other income (expense), net | (0.1) | | — | | (0.1) | 0.1 |
| Total other income, net | $16.2 | | $11.4 | | $50.8 | $28.9 |
| Three Months Ended | Nine Months Ended | | | | |
| March 30, 2024 | April 1, 2023 | | March 30, 2024 | April 1, 2023 | |
| Income tax provision (benefit) | $19.6 | | $(9.4) | | $15.8 | $14.4 |
| Payments Due | | | | |
| Total | Less Than 1 Year | | More Than 1 Year | |
| Contractual Obligations | | | | | |
| Asset retirement obligations | $7.5 | | $— | | $7.5 |
| Operating lease liabilities, including imputed interest (1) | 72.2 | | 17.9 | | 54.3 |
| Pension plan contributions (2) | 2.2 | | 2.2 | | — |
| Purchase obligations (3) | 369.8 | | 319.6 | | 50.2 |
| Convertible notes - principal (4) | 2,514.7 | | — | | 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 | |
| December 31, 2023 to January 27, 2024 | — | | $— | | — | $569.6 |
| January 28, 2024 to February 24, 2024 | — | | $— | | — | $569.6 |
| February 25, 2024 to March 30, 2024 | — | | $— | | — | $569.6 |
| Total | — | | $— | | — | $569.6 |
Table 60 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 |
| 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 30, 2023 formatted in Inline XBRL (eXtensible Business Reporting Language): (i) Condensed Consolidated Statements of Operations for the three and nine months ended March 30, 2024 and April 1, 2023; (ii) Condensed Consolidated Statements of Comprehensive Loss for the three and nine months ended March 30, 2024 and April 1, 2023; (iii) Condensed Consolidated Balance Sheets as of March 30, 2024 and July 1, 2023; (iv) Condensed Consolidated Statements of Stockholders’ Equity for the three and nine months ended March 30, 2024 and April 1, 2023; (v) Condensed Consolidated Statements of Cash Flows for the nine months ended March 30, 2024 and April 1, 2023, and (vi) Notes to the Consolidated Financial Statements. | | | | | X |
| 104 | Cover Page Interactive Data File, formatted in Inline XBRL (included in Exhibit 101). | | | | | X |