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Tables in the 10-K of Lumentum Holdings Inc.

82 tables with numbers, filed Aug 21, 2024. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

TABLE OF CONTENTS
	Page
PART I
	ITEM 1.	BUSINESS	2
	ITEM 1A.	RISK FACTORS	11
	ITEM 1B.	UNRESOLVED STAFF COMMENTS	37
	ITEM 1C.	CYBERSECURITY	37
	ITEM 2.	PROPERTIES	39

	Years Ended
	June 29, 2024	July 1, 2023		July 2, 2022
Google	18.9%		*		*
Apple	*	12.1%			28.7%
Ciena	11.4%		15.3%			12.6%
Nokia	*	10.5%			*
*Represents less than 10% of total net revenue

Period	Total number of shares purchased	Average price paid per share (1)		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 (2)
March 31, 2024 to April 27, 2024					$569.6
April 28, 2024 to June 1, 2024					$569.6
June 2, 2024 to June 29, 2024					$569.6
Total	—		$—		—	$569.6

Contract balances	Balance sheet location	June 29, 2024	July 1, 2023		Change	Percentage Change
Accounts receivable, net	Accounts receivable, net	$194.7		$246.1		$(51.4)	(20.9)%
Deferred revenue and customer deposits	Other current liabilities	$0.6		$2.1		$(1.5)	(71.4)%

	2024	2023		Change	Percentage Change		2023		2022		Change		Percentage Change
Segment net revenue:
Cloud & Networking	$1,084.9	$1,322.5		$(237.6)		(18.0)%			$1,322.5		$1,008.7		$313.8		31.1%
Industrial Tech	274.3	444.5		(170.2)		(38.3)			444.5		703.9		(259.4)		(36.9)
Net revenue	$1,359.2	$1,767.0		$(407.8)		(23.1)%			$1,767.0		$1,712.6		$54.4		3.2%
Gross profit	$251.5	$569.0		$(317.5)		(55.8)%			$569.0		$788.6		$(219.6)		(27.8)%
Gross margin	18.5%		32.2%						32.2%			46.0%
Research and development	$302.2	$307.8		$(5.6)	(1.8)%			$307.8		$220.7		$87.1		39.5%

	Years Ended
(in millions)	June 29, 2024	July 1, 2023		July 2, 2022
Income tax provision	$140.8		$29.2		$36.2

	Payments due
	Total	Less than 1 year		More than 1 year
Contractual Obligations
Asset retirement obligations	$7.5		$0.3		$7.2
Operating lease liabilities, including imputed interest (1)	61.8		15.3		46.5
Pension plan contributions (2)	1.6		$1.6		—
Purchase obligations (3)	475.1		418.0		57.1
Convertible notes - principal (4)	2,514.7		—		2,514.7

	June 29, 2024	July 1, 2023
ASSETS
Current assets:
Cash and cash equivalents	$436.7		$859.0
Short-term investments	450.3		1,154.6
Accounts receivable, net	194.7		246.1
Inventories	398.4		408.6
Prepayments and other current assets	110.0		109.6

Cash paid for interest	19.7	10.8	7.5
Supplemental disclosure of non-cash transactions:
Unpaid property, plant and equipment in accounts payable and accrued expenses	$11.8	$9.8	$3.4
Settlement of loan to NeoPhotonics	—	50.0	—
2029 Notes issuance costs in current liabilities	—	0.8	—
Right-of-use assets obtained in exchange for new operating lease liabilities	16.0	19.4	14.8
Unpaid intangible assets in accrued expense	1.0	—	—
Share-based purchase price consideration in connection with the Cloud Light acquisition	23.5	—	—

	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		—		—		—		198.9	—	198.9
Other comprehensive loss		—		—		—		—	(7.8)	(7.8)
Issuance of shares in connection with vesting of restricted stock units and performance stock units		1.3		—		—		—	—	—
Withholding taxes related to net share settlement of restricted stock units		(0.5)		—		(39.0)		—	—	(39.0)
Equity component of the 2028 Notes, net of tax of $48.7 million and issuance costs of $1.9 million		—		—		180.6		—	—	180.6

	Years Ended
	June 29, 2024	July 1, 2023		July 2, 2022
Segment net revenue:
Cloud & Networking	79.8%		74.8%		58.9%
Industrial Tech	20.2		25.2		41.1
Net revenue	100.0		100.0		100.0
Cost of sales	75.3		63.0		50.3
Amortization of acquired developed intangibles	6.2		4.8		3.7

	Years Ended
		June 29, 2024	July 1, 2023	July 2, 2022
Net revenue:
Americas:
United States				$356.1	26.2%	$241.3	13.7%	$173.9	10.2%
Mexico				91.7	6.7	180.0	10.2	160.9	9.4
Other Americas				3.4	0.3	9.3	0.5	12.1	0.7
Total Americas				$451.2	33.2%	$430.6	24.4%	$346.9	20.3%

	Years Ended
	June 29, 2024	July 1, 2023		July 2, 2022
Net income (loss)	$(546.5)		$(131.6)		$198.9
Other comprehensive income (loss), net of tax:
Net change in cumulative translation adjustment	(0.6)		0.7		—
Net change in unrealized gain (loss) on available-for-sale securities	4.7		4.4		(10.2)
Net change in defined benefit obligations	1.1		(1.4)		2.4
Other comprehensive income (loss), net of tax	5.2		3.7		(7.8)

	Years Ended
	June 29, 2024	July 1, 2023		July 2, 2022
OPERATING ACTIVITIES:
Net income (loss)	$(546.5)		$(131.6)		$198.9
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation expense	110.6		106.6		81.6
Stock-based compensation	128.8		148.4		103.1
Amortization and write-off of acquired intangible assets	179.7		149.0		85.5

	Fair Value
Cash consideration (1)	$705.0
Share-based consideration (2)	23.5
Total purchase price consideration	$728.5

	Amortized Cost	Gross Unrealized Gains		Gross Unrealized Losses	Fair Value
June 29, 2024:
Cash	$196.9		$—		$—	$196.9
Cash equivalents:
Commercial paper	15.9		—		—	15.9
Money market funds	223.9		—		—	223.9
Total cash and cash equivalents	$436.7		$—		$—	$436.7
Short-term investments:

	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
June 29, 2024:
U.S. Agency securities	$62.3		$(0.3)		$12.6	$—	$(0.3)
Commercial paper	—		—		28.6	—	—
Corporate debt securities	133.7		(0.5)		90.6	(0.2)	(0.7)
U.S. government bonds	72.3		(0.4)		39.7	(0.1)	(0.5)
Total	$268.3		$(1.2)		$171.5	$(0.3)	$(1.5)

	Level 1	Level 2		Level 3	Total
June 29, 2024 (1)
Assets:
Cash equivalents:
Commercial paper	$—		$15.9		$—	$15.9
Money market funds	$223.9		$—		$—	$223.9
Short-term investments:
Certificates of deposit	—		0.8		—	0.8

	June 29, 2024	July 1, 2023
	Carrying Amount	Estimated Fair Value		Carrying Amount	Estimated Fair Value
2029 Notes	$599.4		$588.8		$598.6	$625.2
2028 Notes	856.6		680.2		855.5	677.8
2026 Notes	1,047.2		948.3		1,045.9	933.2
2024 Notes	—		—		311.6	345.2
	$2,503.2		$2,217.3		$2,811.6	$2,581.4

	June 29, 2024	July 1, 2023
Raw materials and purchased parts	$196.9		$170.5
Work in process	101.6		103.2
Finished goods	99.9		134.9
Inventories	$398.4		$408.6

	June 29, 2024	July 1, 2023
Land	$75.2		$63.5
Buildings and improvement	215.1		170.3
Machinery and equipment	772.1		657.9
Computer equipment and software	44.9		41.4
Furniture and fixtures	14.3		10.2
Leasehold improvements	47.5		49.6
Construction in progress	71.1		69.2

	June 29, 2024	July 1, 2023
Operating lease right-of-use assets	$112.3		$116.5
Less: accumulated amortization	(39.5)		(39.2)
Operating lease right-of-use assets, net	$72.8		$77.3

	June 29, 2024	July 1, 2023
Restructuring and related accrual (1)	$11.1		$5.0
Warranty reserve (2)	13.2		6.8
Deferred revenue and customer deposits	0.6		2.1
Income tax payable (3)	13.2		28.0
Other current liabilities	3.0		5.9
Other current liabilities	$41.1		$47.8

	June 29, 2024	July 1, 2023
Asset retirement obligation	$7.5		$8.2
Pension and related accrual (1)	7.5		9.6
Unrecognized tax benefit	83.0		64.4
Other non-current liabilities	5.4		9.2
Other non-current liabilities	$103.4		$91.4

Tables in the 10-K of Lumentum Holdings Inc.

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Fiscal Years	Operating Leases (1)
2025	$15.3
2026	12.9
2027	11.7
2028	8.0
2029	5.7
Thereafter	8.2
Total minimum lease payments	61.8

	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 (in 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

June 29, 2024	Gross Carrying Amounts	Accumulated Amortization		Net Carrying Amounts	Weighted average remaining amortization period (years)
Acquired developed technologies	$818.1		$(473.0)		$345.1	4.8
Customer relationships	419.8		(169.4)		250.4	4.9
In-process research and development	15.5		—		15.5	n/a
Order backlog	14.0		(8.9)		5.1	0.4
Trade name and trademarks	3.0		(1.6)		1.4	0.6
Total intangible assets	$1,270.4		$(652.9)		$617.5

Fiscal Years
2025	$149.4
2026	133.3
2027	121.0
2028	81.5
2029	51.8
Thereafter	65.0
Total	$602.0

June 29, 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	(2.8)		(4.4)		(4.3)	(11.5)
Net carrying amount of the liability component	$1,047.2		$856.6		$599.4	$2,503.2

	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
Ending balance as of July 3, 2021	$9.7		$(1.4)		$(0.1)	$8.2
Other comprehensive income (loss)	—		2.4		(10.2)	(7.8)
Ending balance as of July 2, 2022	$9.7		$1.0		$(10.3)	$0.4
Other comprehensive income (loss)	0.7		(1.4)		4.4	3.7
Ending balance as of July 1, 2023	$10.4		$(0.4)		$(5.9)	$4.1
Other comprehensive income (loss)	(0.6)		1.1		4.7	5.2
Ending balance as of June 29, 2024	$9.8		$0.7		$(1.2)	$9.3

Balance as of July 3, 2021	$62.1
Increases based on tax positions related to prior year	5.2
Decreases based on tax positions related to prior year	(2.1)
Decreases related to Statute of Limitations	(9.8)
Additions based on tax positions related to current year	6.5
Decreases related to audit settlements	(0.2)
Balance as of July 2, 2022	$61.7
Increases based on tax positions related to prior year	2.8

	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 3, 2021	—		$—		1.8	$76.0			0.3	$75.7
Granted	—		—		1.5	87.8			0.2	85.7
Vested/Exercised	—		—		(1.1)	73.4			(0.2)	76.1
Canceled	—		—		(0.2)	79.9			—	58.7
Balance as of July 2, 2022	—		$—		2.0	$85.9			0.3	$81.9
Replacement Awards Issued	—		—		0.4	93.4			—	n/a

	Awards Available for Grant
Balance as of July 3, 2021	2.3
Authorized	3.0
Granted	(1.7)
Canceled	0.2
Balance as of July 2, 2022	3.8
Assumed in connection with NeoPhotonics acquisition	0.4
Replacement Awards	(0.4)