Lumentum Holdings Inc. (LITE) FY2025 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-06-30 to 2025-06-28

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Lumentum Holdings Inc. cash flow reconciliation, Jun 30, 2024 through Jun 28, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $25,900,000.00Stock-based compensation → Operating adjustments reconciliation: $177,200,000.00Amortization and write-off of acquired intangible assets → Operating adjustments reconciliation: $152,400,000.00Depreciation expense → Operating adjustments reconciliation: $104,300,000.00Accounts payable → Operating adjustments reconciliation: $69,200,000.00Accrued payroll and related expenses → Operating adjustments reconciliation: $22,000,000.00Write-off of right-of-use assets → Operating adjustments reconciliation: $7,800,000.00Loss on sales and dispositions of property, plant and equipment → Operating adjustments reconciliation: $5,200,000.00Operating lease right-of-use assets, net → Operating adjustments reconciliation: $5,100,000.00Bad debt expense → Operating adjustments reconciliation: $3,400,000.00Amortization of debt discount and debt issuance costs → Operating adjustments reconciliation: $3,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $100,400,000.00Operating adjustments reconciliation → Income taxes, net: $218,200,000.00Operating adjustments reconciliation → Inventories: $71,300,000.00Operating adjustments reconciliation → Accounts receivable: $58,700,000.00Operating adjustments reconciliation → Prepayments and other current and non-currents assets: $35,100,000.00Operating adjustments reconciliation → Gain on sale of facility: $34,900,000.00Operating adjustments reconciliation → Accrued expenses and other current and non-current liabilities: $21,800,000.00Operating adjustments reconciliation → Operating lease liabilities: $5,700,000.00Operating adjustments reconciliation → Other non-cash income, net: $3,500,000.00Proceeds from term loans → financing reconciliation: $76,500,000.00Proceeds from employee stock plans → financing reconciliation: $16,100,000.00financing reconciliation → Net cash from financing activities: $41,800,000.00financing reconciliation → Payment of withholding taxes related to net share settlement of restricted stock units: $41,700,000.00financing reconciliation → Principal payments on term loans: $8,100,000.00financing reconciliation → Payment of acquisition related holdback: $1,000,000.00Net cash used in investing activities → investing reconciliation: $84,100,000.00Proceeds from maturities and sales of short-term investments → investing reconciliation: $464,700,000.00Proceeds from sale of facility, net of cash and selling costs → investing reconciliation: $47,800,000.00Proceeds from the sales of property and equipment → investing reconciliation: $300,000.00investing reconciliation → Purchases of short-term investments: $365,900,000.00investing reconciliation → Payments for acquisition of property, plant and equipment: $231,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $436,700,000.00Net cash from operating activities → Cash sources and uses: $126,300,000.00Net cash from financing activities → Cash sources and uses: $41,800,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $520,700,000.00Cash sources and uses → Net cash used in investing activities: $84,100,000.00Net income (loss): $25,900,000.00Net income (loss)+$25.90 MDepreciation expense: $104,300,000.00Depreciation expense+$104.30 MStock-based compensation: $177,200,000.00Stock-based compensation+$177.20 MAmortization and write-off of acquired intangible assets: $152,400,000.00Intangible amort. & write-off+$152.40 MGain on sale of facility: -$34,900,000.00PP&E disposal gain & loss−$34.90 MAmortization of debt discount and debt issuance costs: $3,000,000.00Discount & premium amortization+$3.00 MAmortization of inventory fair value adjustment in connection with acquisition: $0.00Other non-cash income, net: -$3,500,000.00Other non-cash items−$3.50 MAccounts receivable: -$58,700,000.00Accounts receivable−$58.70 MInventories: -$71,300,000.00Inventories−$71.30 MPrepayments and other current and non-currents assets: -$35,100,000.00Other operating assets−$35.10 MIncome taxes, net: -$218,200,000.00Deferred tax balances−$218.20 MAccounts payable: $69,200,000.00Accounts payable+$69.20 MAccrued payroll and related expenses: $22,000,000.00Accrued compensation+$22.00 MOperating lease liabilities: -$5,700,000.00Operating lease liabilities−$5.70 MAccrued expenses and other current and non-current liabilities: -$21,800,000.00Other accrued liabilities−$21.80 MOperating lease right-of-use assets, net: $5,100,000.00Operating lease right-of-use+$5.10 MGain on repurchase of convertible notes: $0.00Bad debt expense: $3,400,000.00Credit loss provision+$3.40 MLoss on sales and dispositions of property, plant and equipment: $5,200,000.00Other asset gain & loss+$5.20 MWrite-off of right-of-use assets: $7,800,000.00Lease asset impairment+$7.80 MNet cash from operating activities: $126,300,000.00Operating cash+$126.30 MOperating adjustments reconciliation: $549,600,000.00Payment, repurchase and conversion of 2024 Notes: $0.00Principal payments on term loans: -$8,100,000.00Secured debt repaid−$8.10 MRepurchase of common stock: $0.00Proceeds from the issuance of 2029 Notes, net of issuance costs: $0.00Payment of withholding taxes related to net share settlement of restricted stock units: -$41,700,000.00Stock-award tax withholding−$41.70 MProceeds from employee stock plans: $16,100,000.00Employee stock plan proceeds+$16.10 MProceeds from term loans: $76,500,000.00Debt issued+$76.50 MPayment of acquisition related holdback: -$1,000,000.00Contingent consideration paid−$1.00 MNet cash from financing activities: $41,800,000.00Financing cash+$41.80 Mfinancing reconciliation: $92,600,000.00Purchases of short-term investments: -$365,900,000.00Short-term investment purchases−$365.90 MProceeds from maturities and sales of short-term investments: $464,700,000.00Short-term investment proceeds+$464.70 MPayments for acquisition of property, plant and equipment: -$231,000,000.00PP&E purchases−$231.00 MProceeds from sale of facility, net of cash and selling costs: $47,800,000.00Held-for-sale asset sales+$47.80 MAcquisition of businesses, net of cash acquired: $0.00Proceeds from the sales of property and equipment: $300,000.00Other PP&E sales+$300.00 KPayment for acquisition of intangible assets: $0.00Net cash used in investing activities: -$84,100,000.00. Cash required to fund net payments.Investing cash−$84.10 Minvesting reconciliation: $596,900,000.00Cash sources and uses: $604,800,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $436,700,000.00Beginning cash$436.70 MEnding cash: Cash, cash equivalents, and restricted cash: $520,700,000.00Ending cash$520.70 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow−$104.70 MOperating cash − cash spent on PP&ECash flow / Net income4.88×Operating cash flow ÷ net incomeNet cash change+$84.00 MEnding cash − beginning cash
Chart details

Lumentum Holdings Inc. cash flow reconciliation, Jun 30, 2024 through Jun 28, 2025

Cash flows for Jun 30, 2024 through Jun 28, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 29, 2024. Ending cash: Jun 28, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 29, 2024
436,700,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
126,300,000 US dollars. Net cash provided.
Net income (loss)
25,900,000 US dollars
Depreciation expense
104,300,000 US dollars
Stock-based compensation
177,200,000 US dollars
Amortization and write-off of acquired intangible assets
152,400,000 US dollars
Gain on sale of facility
negative 34,900,000 US dollars
Amortization of debt discount and debt issuance costs
3,000,000 US dollars
Amortization of inventory fair value adjustment in connection with acquisition
0 US dollars
Other non-cash income, net
negative 3,500,000 US dollars
Accounts receivable
negative 58,700,000 US dollars
Inventories
negative 71,300,000 US dollars
Prepayments and other current and non-currents assets
negative 35,100,000 US dollars
Income taxes, net
negative 218,200,000 US dollars
Accounts payable
69,200,000 US dollars
Accrued payroll and related expenses
22,000,000 US dollars
Operating lease liabilities
negative 5,700,000 US dollars
Accrued expenses and other current and non-current liabilities
negative 21,800,000 US dollars
Operating lease right-of-use assets, net
5,100,000 US dollars
Gain on repurchase of convertible notes
0 US dollars
Bad debt expense
3,400,000 US dollars
Loss on sales and dispositions of property, plant and equipment
5,200,000 US dollars
Write-off of right-of-use assets
7,800,000 US dollars
Investing activities
negative 84,100,000 US dollars. Net cash used.
Purchases of short-term investments
negative 365,900,000 US dollars
Proceeds from maturities and sales of short-term investments
464,700,000 US dollars
Payments for acquisition of property, plant and equipment
negative 231,000,000 US dollars
Proceeds from sale of facility, net of cash and selling costs
47,800,000 US dollars
Acquisition of businesses, net of cash acquired
0 US dollars
Proceeds from the sales of property and equipment
300,000 US dollars
Payment for acquisition of intangible assets
0 US dollars
Financing activities
41,800,000 US dollars. Net cash provided.
Payment, repurchase and conversion of 2024 Notes
0 US dollars
Principal payments on term loans
negative 8,100,000 US dollars
Repurchase of common stock
0 US dollars
Proceeds from the issuance of 2029 Notes, net of issuance costs
0 US dollars
Payment of withholding taxes related to net share settlement of restricted stock units
negative 41,700,000 US dollars
Proceeds from employee stock plans
16,100,000 US dollars
Proceeds from term loans
76,500,000 US dollars
Payment of acquisition related holdback
negative 1,000,000 US dollars
Operating adjustment reconciliation
549,600,000 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
92,600,000 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
596,900,000 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 Jun 28, 2025
520,700,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
604,800,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
84,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
4.88×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
126,300,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
231,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 104,700,000 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 income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $100.40M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • 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: 126,300,000 US dollars minus 231,000,000 US dollars equals negative 104,700,000 US dollars.
Lumentum Holdings Inc. (LITE) FY2025 Annual Statement of Cash Flows Sankey chart
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