Lumentum Holdings Inc. (LITE) FY2024 Q2 Statement of Cash Flows
2023-10-01 to 2023-12-30
Statement of Cash Flows
2023-10-01 to 2023-12-30
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Chart details
Lumentum Holdings Inc. cash flow reconciliation, Oct 1, 2023 through Dec 30, 2023
Cash flows for Oct 1, 2023 through Dec 30, 2023. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Sep 30, 2023. Ending cash: Dec 30, 2023. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Sep 30, 2023
- 861,600,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- negative 1,500,000 US dollars. Net cash used.
- Net loss
- negative 99,100,000 US dollars
- Stock-based compensation
- 34,600,000 US dollars
- Loss on sales and dispositions of property, plant and equipment
- 0 US dollars
- Income taxes, net
- negative 6,700,000 US dollars
- Depreciation expense
- 27,200,000 US dollars
- Amortization of debt discount and debt issuance costs
- 4,800,000 US dollars
- Inventories
- 24,300,000 US dollars
- Operating lease liabilities
- 10,700,000 US dollars
- Accounts payable
- negative 23,100,000 US dollars
- Other non-cash items
- negative 2,800,000 US dollars
- Operating lease right-of-use assets, net
- negative 8,800,000 US dollars
- Prepayments and other current and non-currents assets
- negative 1,000,000 US dollars
- Accounts receivable
- negative 7,400,000 US dollars
- Amortization of inventory fair value adjustment in connection with acquisition
- 3,400,000 US dollars
- Accrued expenses and other current and non-current liabilities
- 1,200,000 US dollars
- Amortization of acquired intangibles
- 37,600,000 US dollars
- Accrued payroll and related expenses
- 3,600,000 US dollars
- Investing activities
- negative 394,900,000 US dollars. Net cash used.
- Purchases of short-term investments
- negative 35,200,000 US dollars
- Acquisition of businesses, net of cash acquired
- negative 700,900,000 US dollars
- Payments for acquisition of property, plant and equipment
- negative 31,000,000 US dollars
- Proceeds from maturities and sales of short-term investments
- 372,000,000 US dollars
- Payments for acquisition of intangible assets
- 0 US dollars
- Proceeds from the sales of property, plant and equipment
- 200,000 US dollars
- Financing activities
- 4,100,000 US dollars. Net cash provided.
- Payment of withholding taxes related to net share settlement of restricted stock units
- negative 3,200,000 US dollars
- Repayment of term loan
- 0 US dollars
- Repurchase of common stock
- 0 US dollars
- Proceeds from employee stock plans
- 7,300,000 US dollars
- Operating adjustment reconciliation
- 148,900,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 7,300,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 767,100,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 0 US dollars
- Ending cash on Dec 30, 2023
- 469,300,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 865,700,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 392,300,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
- Operating cash flow
- negative 1,500,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 31,000,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- negative 32,500,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net loss −$99.10M + net operating adjustments $97.60M = operating cash −$1.50M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 1,500,000 US dollars minus 31,000,000 US dollars equals negative 32,500,000 US dollars.
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