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

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-06-30 to 2025-03-29

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Lumentum Holdings Inc. cash flow reconciliation, Jun 30, 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. 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.Stock-based compensation → operating reconciliation: $137,200,000.00Amortization and write-off of acquired intangibles → operating reconciliation: $117,700,000.00Depreciation expense → operating reconciliation: $77,900,000.00Accounts payable → operating reconciliation: $44,900,000.00Income taxes, net → operating reconciliation: $16,800,000.00Accrued payroll and related expenses → operating reconciliation: $6,900,000.00Write-off of right-of-use assets → operating reconciliation: $6,200,000.00Loss on sales and dispositions of property, plant and equipment → operating reconciliation: $5,200,000.00Bad debt expense → operating reconciliation: $3,400,000.00Operating lease right-of-use assets, net → operating reconciliation: $2,400,000.00Amortization of debt discount and debt issuance costs → operating reconciliation: $2,300,000.00operating reconciliation → Net cash from operating activities: $62,300,000.00operating reconciliation → Net loss: $187,400,000.00operating reconciliation → Accounts receivable: $64,400,000.00operating reconciliation → Gain on sale of facility: $34,900,000.00operating reconciliation → Inventories: $25,700,000.00operating reconciliation → Prepayments and other current and non-currents assets: $21,700,000.00operating reconciliation → Accrued expenses and other current and non-current liabilities: $15,300,000.00operating reconciliation → Other non-cash items: $5,600,000.00operating reconciliation → Operating lease liabilities: $3,600,000.00Proceeds from term loans → financing reconciliation: $76,500,000.00Proceeds from employee stock plans → financing reconciliation: $8,300,000.00financing reconciliation → Net cash from financing activities: $42,100,000.00financing reconciliation → Payment of withholding taxes related to net share settlement of restricted stock units: $36,300,000.00financing reconciliation → Principal payments on term loans: $5,400,000.00financing reconciliation → Payment of acquisition related holdback: $1,000,000.00Net cash used in investing activities → investing reconciliation: $24,700,000.00Proceeds from maturities and sales of short-term investments → investing reconciliation: $384,500,000.00Proceeds from sale of facility, net of cash and selling costs → investing reconciliation: $47,800,000.00Proceeds from the sales of property, plant and equipment → investing reconciliation: $300,000.00investing reconciliation → Purchases of short-term investments: $280,200,000.00investing reconciliation → Payments for acquisition of property, plant and equipment: $177,100,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $436,700,000.00Net cash from operating activities → Cash sources and uses: $62,300,000.00Net cash from financing activities → Cash sources and uses: $42,100,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $516,400,000.00Cash sources and uses → Net cash used in investing activities: $24,700,000.00Gain on sale of facility: -$34,900,000.00PP&E disposal gain & loss−$34.90 MAccrued payroll and related expenses: $6,900,000.00Accrued compensation+$6.90 MAccounts receivable: -$64,400,000.00Accounts receivable−$64.40 MDepreciation expense: $77,900,000.00Depreciation expense+$77.90 MAmortization and write-off of acquired intangibles: $117,700,000.00Intangible amort. & write-off+$117.70 MStock-based compensation: $137,200,000.00Stock-based compensation+$137.20 MIncome taxes, net: $16,800,000.00Deferred tax balances+$16.80 MOther non-cash items: -$5,600,000.00Other non-cash items−$5.60 MWrite-off of right-of-use assets: $6,200,000.00Lease asset impairment+$6.20 MAmortization of inventory fair value adjustment in connection with acquisitions: $0.00Amortization of debt discount and debt issuance costs: $2,300,000.00Discount & premium amortization+$2.30 MLoss 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: -$15,300,000.00Other accrued liabilities−$15.30 MAccounts payable: $44,900,000.00Accounts payable+$44.90 MOperating lease liabilities: -$3,600,000.00Operating lease liabilities−$3.60 MBad debt expense: $3,400,000.00Credit loss provision+$3.40 MNet loss: -$187,400,000.00Net loss−$187.40 MOperating lease right-of-use assets, net: $2,400,000.00Operating lease right-of-use+$2.40 MInventories: -$25,700,000.00Inventories−$25.70 MPrepayments and other current and non-currents assets: -$21,700,000.00Other operating assets−$21.70 MNet cash from operating activities: $62,300,000.00Operating cash+$62.30 Moperating reconciliation: $420,900,000.00Payment of withholding taxes related to net share settlement of restricted stock units: -$36,300,000.00Stock-award tax withholding−$36.30 MPayment of acquisition related holdback: -$1,000,000.00Contingent consideration paid−$1.00 MProceeds from term loans: $76,500,000.00Debt issued+$76.50 MPrincipal payments on term loans: -$5,400,000.00Secured debt repaid−$5.40 MPayment of 0.25% Convertible Notes due 2024: $0.00Proceeds from employee stock plans: $8,300,000.00Employee stock plan proceeds+$8.30 MNet cash from financing activities: $42,100,000.00Financing cash+$42.10 Mfinancing reconciliation: $84,800,000.00Acquisition of businesses, net of cash acquired: $0.00Proceeds from maturities and sales of short-term investments: $384,500,000.00Short-term investment proceeds+$384.50 MPayments for acquisition of intangible assets: $0.00Proceeds from sale of facility, net of cash and selling costs: $47,800,000.00Equipment sales+$47.80 MPayments for acquisition of property, plant and equipment: -$177,100,000.00PP&E purchases−$177.10 MPurchases of short-term investments: -$280,200,000.00Short-term investment purchases−$280.20 MProceeds from the sales of property, plant and equipment: $300,000.00Other PP&E sales+$300.00 KNet cash used in investing activities: -$24,700,000.00. Cash required to fund net payments.Investing cash−$24.70 Minvesting reconciliation: $457,300,000.00Cash sources and uses: $541,100,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $436,700,000.00Beginning cash$436.70 MEnding cash: Cash, cash equivalents, and restricted cash: $516,400,000.00Ending cash$516.40 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$187.40M + net operating adjustments $249.70M = operating cash +$62.30MFree cash flow−$114.80 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$79.70 MEnding cash − beginning cash
Chart details

Lumentum Holdings Inc. cash flow reconciliation, Jun 30, 2024 through Mar 29, 2025

Cash flows for Jun 30, 2024 through Mar 29, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 29, 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 Jun 29, 2024
436,700,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
62,300,000 US dollars. Net cash provided.
Net loss
negative 187,400,000 US dollars
Gain on sale of facility
negative 34,900,000 US dollars
Accrued payroll and related expenses
6,900,000 US dollars
Accounts receivable
negative 64,400,000 US dollars
Depreciation expense
77,900,000 US dollars
Amortization and write-off of acquired intangibles
117,700,000 US dollars
Stock-based compensation
137,200,000 US dollars
Income taxes, net
16,800,000 US dollars
Other non-cash items
negative 5,600,000 US dollars
Write-off of right-of-use assets
6,200,000 US dollars
Amortization of inventory fair value adjustment in connection with acquisitions
0 US dollars
Amortization of debt discount and debt issuance costs
2,300,000 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
negative 15,300,000 US dollars
Accounts payable
44,900,000 US dollars
Operating lease liabilities
negative 3,600,000 US dollars
Bad debt expense
3,400,000 US dollars
Operating lease right-of-use assets, net
2,400,000 US dollars
Inventories
negative 25,700,000 US dollars
Prepayments and other current and non-currents assets
negative 21,700,000 US dollars
Investing activities
negative 24,700,000 US dollars. Net cash used.
Acquisition of businesses, net of cash acquired
0 US dollars
Proceeds from maturities and sales of short-term investments
384,500,000 US dollars
Payments for acquisition of intangible assets
0 US dollars
Proceeds from sale of facility, net of cash and selling costs
47,800,000 US dollars
Payments for acquisition of property, plant and equipment
negative 177,100,000 US dollars
Purchases of short-term investments
negative 280,200,000 US dollars
Proceeds from the sales of property, plant and equipment
300,000 US dollars
Financing activities
42,100,000 US dollars. Net cash provided.
Payment of withholding taxes related to net share settlement of restricted stock units
negative 36,300,000 US dollars
Payment of acquisition related holdback
negative 1,000,000 US dollars
Proceeds from term loans
76,500,000 US dollars
Principal payments on term loans
negative 5,400,000 US dollars
Payment of 0.25% Convertible Notes due 2024
0 US dollars
Proceeds from employee stock plans
8,300,000 US dollars
Operating adjustment reconciliation
420,900,000 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
84,800,000 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
457,300,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
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
541,100,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
79,700,000 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
62,300,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
177,100,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 114,800,000 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 −$187.40M + net operating adjustments $249.70M = operating cash +$62.30M. 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: 62,300,000 US dollars minus 177,100,000 US dollars equals negative 114,800,000 US dollars.
Lumentum Holdings Inc. (LITE) FY2025 YTD Q3 Statement of Cash Flows Sankey chart
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