Lumentum Holdings Inc. (LITE) FY2025 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-12-29 to 2025-03-29

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Lumentum Holdings Inc. cash flow reconciliation, Dec 29, 2024 through Mar 29, 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. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. 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.Proceeds from maturities and sales of short-term investments → investing reconciliation: $157,800,000.00Remaining investing cash flows, net (calculated) → investing reconciliation: $47,900,000.00investing reconciliation → Net cash from investing activities: $53,100,000.00investing reconciliation → Purchases of short-term investments: $89,800,000.00investing reconciliation → Payments for acquisition of property, plant and equipment: $62,800,000.00Proceeds from employee stock plans → financing reconciliation: $200,000.00Net cash used in financing activities → financing reconciliation: $14,800,000.00financing reconciliation → Payment of withholding taxes related to net share settlement of restricted stock units: $12,500,000.00financing reconciliation → Principal payments on term loans: $2,500,000.00Net cash used in operating activities → operating reconciliation: $1,600,000.00Stock-based compensation → operating reconciliation: $62,800,000.00Amortization and write-off of acquired intangibles → operating reconciliation: $35,100,000.00Depreciation expense → operating reconciliation: $25,000,000.00Accounts payable → operating reconciliation: $6,200,000.00Loss on sales and dispositions of property, plant and equipment → operating reconciliation: $5,200,000.00Accrued expenses and other current and non-current liabilities → operating reconciliation: $4,600,000.00Bad debt expense → operating reconciliation: $3,400,000.00Other non-cash items → operating reconciliation: $3,000,000.00Accrued payroll and related expenses → operating reconciliation: $2,900,000.00Amortization of debt discount and debt issuance costs → operating reconciliation: $800,000.00Write-off of right-of-use assets → operating reconciliation: $700,000.00operating reconciliation → Net loss: $44,100,000.00operating reconciliation → Gain on sale of facility: $35,700,000.00operating reconciliation → Accounts receivable: $32,200,000.00operating reconciliation → Inventories: $20,700,000.00operating reconciliation → Income taxes, net: $11,700,000.00operating reconciliation → Prepayments and other current and non-currents assets: $6,700,000.00operating reconciliation → Operating lease liabilities: $200,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $479,700,000.00Net cash from investing activities → Cash sources and uses: $53,100,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $516,400,000.00Cash sources and uses → Net cash used in financing activities: $14,800,000.00Cash sources and uses → Net cash used in operating activities: $1,600,000.00Gain on sale of facility: -$35,700,000.00PP&E disposal gain & loss−$35.70 MAccrued payroll and related expenses: $2,900,000.00Accrued compensation+$2.90 MAccounts receivable: -$32,200,000.00Accounts receivable−$32.20 MDepreciation expense: $25,000,000.00Depreciation expense+$25.00 MAmortization and write-off of acquired intangibles: $35,100,000.00Intangible amort. & write-off+$35.10 MStock-based compensation: $62,800,000.00Stock-based compensation+$62.80 MIncome taxes, net: -$11,700,000.00Deferred tax balances−$11.70 MOther non-cash items: $3,000,000.00Other non-cash items+$3.00 MWrite-off of right-of-use assets: $700,000.00Lease asset impairment+$700.00 KAmortization of inventory fair value adjustment in connection with acquisitions: $0.00Amortization of debt discount and debt issuance costs: $800,000.00Discount & premium amortization+$800.00 KLoss on sales and dispositions of property, plant and equipment: $5,200,000.00Other asset gain & loss+$5.20 MAccrued expenses and other current and non-current liabilities: $4,600,000.00Other accrued liabilities+$4.60 MAccounts payable: $6,200,000.00Accounts payable+$6.20 MOperating lease liabilities: -$200,000.00Operating lease liabilities−$200.00 KBad debt expense: $3,400,000.00Credit loss provision+$3.40 MNet loss: -$44,100,000.00Net loss−$44.10 MOperating lease right-of-use assets, net: $0.00Inventories: -$20,700,000.00Inventories−$20.70 MPrepayments and other current and non-currents assets: -$6,700,000.00Other operating assets−$6.70 MNet cash used in operating activities: -$1,600,000.00. Cash required to fund net payments.Operating cash−$1.60 Moperating reconciliation: $151,300,000.00Payment of withholding taxes related to net share settlement of restricted stock units: -$12,500,000.00Stock-award tax withholding−$12.50 MPayment of acquisition related holdback: $0.00Proceeds from term loans: $0.00Principal payments on term loans: -$2,500,000.00Secured debt repaid−$2.50 MPayment of 0.25% Convertible Notes due 2024: $0.00Proceeds from employee stock plans: $200,000.00Employee stock plan proceeds+$200.00 KNet cash used in financing activities: -$14,800,000.00. Cash required to fund net payments.Financing cash−$14.80 Mfinancing reconciliation: $15,000,000.00Acquisition of businesses, net of cash acquired: -$0.00Proceeds from maturities and sales of short-term investments: $157,800,000.00Short-term investment proceeds+$157.80 MPayments for acquisition of intangible assets: -$0.00Payments for acquisition of property, plant and equipment: -$62,800,000.00PP&E purchases−$62.80 MPurchases of short-term investments: -$89,800,000.00Short-term investment purchases−$89.80 MRemaining investing cash flows, net (calculated): $47,900,000.00Remaining investing (calculated)+$47.90 MNet cash from investing activities: $53,100,000.00Investing cash+$53.10 Minvesting reconciliation: $205,700,000.00Cash sources and uses: $532,800,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $479,700,000.00Beginning cash$479.70 MEnding cash: Cash, cash equivalents, and restricted cash: $516,400,000.00Ending cash$516.40 MCASH RECONCILIATIONInvestingflowsFinancingflowsOperatingflowsNet loss −$44.10M + net operating adjustments $42.50M = operating cash −$1.60MFree cash flow−$64.40 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$36.70 MEnding cash − beginning cash
Chart details

Lumentum Holdings Inc. cash flow reconciliation, Dec 29, 2024 through Mar 29, 2025

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

Beginning cash on Dec 28, 2024
479,700,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 1,600,000 US dollars. Net cash used.
Net loss
negative 44,100,000 US dollars
Gain on sale of facility
negative 35,700,000 US dollars
Accrued payroll and related expenses
2,900,000 US dollars
Accounts receivable
negative 32,200,000 US dollars
Depreciation expense
25,000,000 US dollars
Amortization and write-off of acquired intangibles
35,100,000 US dollars
Stock-based compensation
62,800,000 US dollars
Income taxes, net
negative 11,700,000 US dollars
Other non-cash items
3,000,000 US dollars
Write-off of right-of-use assets
700,000 US dollars
Amortization of inventory fair value adjustment in connection with acquisitions
0 US dollars
Amortization of debt discount and debt issuance costs
800,000 US dollars
Loss on sales and dispositions of property, plant and equipment
5,200,000 US dollars
Accrued expenses and other current and non-current liabilities
4,600,000 US dollars
Accounts payable
6,200,000 US dollars
Operating lease liabilities
negative 200,000 US dollars
Bad debt expense
3,400,000 US dollars
Operating lease right-of-use assets, net
0 US dollars
Inventories
negative 20,700,000 US dollars
Prepayments and other current and non-currents assets
negative 6,700,000 US dollars
Investing activities
53,100,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the investing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Proceeds from the sales of property, plant and equipment), so Proceeds from sale of facility, net of cash and selling costs and Proceeds from the sales of property, plant and equipment cannot be separated for this quarter. It may combine inflows and outflows.
Acquisition of businesses, net of cash acquired
0 US dollars
Proceeds from maturities and sales of short-term investments
157,800,000 US dollars
Payments for acquisition of intangible assets
0 US dollars
Payments for acquisition of property, plant and equipment
negative 62,800,000 US dollars
Purchases of short-term investments
negative 89,800,000 US dollars
Remaining investing cash flows, net (calculated)
47,900,000 US dollars
Financing activities
negative 14,800,000 US dollars. Net cash used.
Payment of withholding taxes related to net share settlement of restricted stock units
negative 12,500,000 US dollars
Payment of acquisition related holdback
0 US dollars
Proceeds from term loans
0 US dollars
Principal payments on term loans
negative 2,500,000 US dollars
Payment of 0.25% Convertible Notes due 2024
0 US dollars
Proceeds from employee stock plans
200,000 US dollars
Operating adjustment reconciliation
151,300,000 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
15,000,000 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 displayed reconciliation
205,700,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
Exchange-rate effect
0 US dollars
Ending cash on Mar 29, 2025
516,400,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
532,800,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
36,700,000 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 1,600,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
62,800,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 64,400,000 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 −$44.10M + net operating adjustments $42.50M = operating cash −$1.60M. 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 1,600,000 US dollars minus 62,800,000 US dollars equals negative 64,400,000 US dollars.
Lumentum Holdings Inc. (LITE) FY2025 Q3 Statement of Cash Flows Sankey chart
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