Lumentum Holdings Inc. (LITE) FY2026 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-06-29 to 2026-06-27

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Lumentum Holdings Inc. cash flow reconciliation, Jun 29, 2025 through Jun 27, 2026One 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.Loss on debt extinguishment → operating reconciliation: $7,756,600,000.00Accounts payable → operating reconciliation: $221,600,000.00Stock-based compensation → operating reconciliation: $170,200,000.00Amortization and write-off of acquired intangible assets → operating reconciliation: $138,200,000.00Depreciation expense → operating reconciliation: $128,800,000.00Accrued payroll and related expenses → operating reconciliation: $88,400,000.00Accrued expenses and other current and non-current liabilities → operating reconciliation: $43,400,000.00Write-down and loss on sales and dispositions of property, plant and equipment → operating reconciliation: $21,700,000.00Inducement expense on partial repurchase of 2026 Notes → operating reconciliation: $5,900,000.00Amortization of debt issuance costs → operating reconciliation: $3,800,000.00Bad debt expense → operating reconciliation: $100,000.00operating reconciliation → Net cash from operating activities: $751,400,000.00operating reconciliation → Net (loss) income: $6,935,100,000.00operating reconciliation → Accounts receivable: $270,400,000.00operating reconciliation → Changes in income tax valuation allowance: $236,300,000.00operating reconciliation → Inventories: $228,400,000.00operating reconciliation → Prepayments and other current and non-currents assets: $96,200,000.00operating reconciliation → Income taxes, net: $47,900,000.00operating reconciliation → Other non-cash income, net: $10,500,000.00operating reconciliation → Operating lease right-of-use assets, net: $1,300,000.00operating reconciliation → Operating lease liabilities: $1,200,000.00Proceeds from the issuance of Series A Convertible Preferred Stock → financing reconciliation: $1,999,700,000.00Proceeds from the issuance of 2032 Notes, net of issuance costs → financing reconciliation: $1,254,700,000.00Proceeds from term loans → financing reconciliation: $47,900,000.00Proceeds from employee stock plans → financing reconciliation: $17,100,000.00financing reconciliation → Net cash from financing activities: $1,556,900,000.00financing reconciliation → Payment for partial repurchase of 2026 Notes: $843,100,000.00financing reconciliation → Cash paid for conversions of convertible notes: $520,000,000.00financing reconciliation → Payment of withholding taxes related to net share settlement of restricted stock units: $281,000,000.00financing reconciliation → Payment for 2032 capped call options: $102,000,000.00financing reconciliation → Principal payments on term loans: $14,000,000.00financing reconciliation → Payment for financing costs related to revolving credit facility: $2,400,000.00Net cash used in investing activities → investing reconciliation: $785,500,000.00Proceeds from maturities and sales of short-term investments → investing reconciliation: $264,800,000.00Proceeds from the sales of property and equipment → investing reconciliation: $42,400,000.00investing reconciliation → Purchases of short-term investments: $603,400,000.00investing reconciliation → Payments for acquisition of property, plant and equipment: $451,300,000.00investing reconciliation → Acquisition of businesses, net of cash acquired: $38,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $520,700,000.00Net cash from operating activities → Cash sources and uses: $751,400,000.00Net cash from financing activities → Cash sources and uses: $1,556,900,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,043,500,000.00Cash sources and uses → Net cash used in investing activities: $785,500,000.00Net (loss) income: -$6,935,100,000.00Net (loss) income−$6.94 BDepreciation expense: $128,800,000.00Depreciation expense+$128.80 MStock-based compensation: $170,200,000.00Stock-based compensation+$170.20 MChanges in income tax valuation allowance: -$236,300,000.00Tax valuation allowance, net−$236.30 MAmortization and write-off of acquired intangible assets: $138,200,000.00Intangible amort. & write-off+$138.20 MGain on sale of facility: $0.00Amortization of debt issuance costs: $3,800,000.00Discount & premium amortization+$3.80 MAmortization of inventory fair value adjustment in connection with acquisition: $0.00Other non-cash income, net: -$10,500,000.00Other non-cash items−$10.50 MAccounts receivable: -$270,400,000.00Accounts receivable−$270.40 MInventories: -$228,400,000.00Inventories−$228.40 MPrepayments and other current and non-currents assets: -$96,200,000.00Other operating assets−$96.20 MIncome taxes, net: -$47,900,000.00Deferred tax balances−$47.90 MAccounts payable: $221,600,000.00Accounts payable+$221.60 MAccrued payroll and related expenses: $88,400,000.00Accrued compensation+$88.40 MOperating lease liabilities: -$1,200,000.00Operating lease liabilities−$1.20 MAccrued expenses and other current and non-current liabilities: $43,400,000.00Other accrued liabilities+$43.40 MOperating lease right-of-use assets, net: -$1,300,000.00Operating lease right-of-use−$1.30 MInducement expense on partial repurchase of 2026 Notes: $5,900,000.00Convertible debt inducement+$5.90 MBad debt expense: $100,000.00Credit loss provision+$100.00 KWrite-down and loss on sales and dispositions of property, plant and equipment: $21,700,000.00Other asset gain & loss+$21.70 MLoss on debt extinguishment: $7,756,600,000.00Debt extinguishment gain & loss+$7.76 BWrite-off of right-of-use assets: $0.00Net cash from operating activities: $751,400,000.00Operating cash+$751.40 Moperating reconciliation: $8,578,700,000.00Proceeds from the issuance of Series A Convertible Preferred Stock: $1,999,700,000.00Convertible preferred issued+$2.00 BProceeds from the issuance of 2032 Notes, net of issuance costs: $1,254,700,000.00Convertible debt issued+$1.25 BProceeds from term loans: $47,900,000.00Debt issued+$47.90 MProceeds from employee stock plans: $17,100,000.00Employee stock plan proceeds+$17.10 MPayment for partial repurchase of 2026 Notes: -$843,100,000.00Convertible debt repaid−$843.10 MPayment, repurchase and conversion of 2024 Notes: $0.00Payment for 2032 capped call options: -$102,000,000.00Capped call purchases−$102.00 MCash paid for conversions of convertible notes: -$520,000,000.00Cash paid on note conversions−$520.00 MPrincipal payments on term loans: -$14,000,000.00Secured debt repaid−$14.00 MPayment of withholding taxes related to net share settlement of restricted stock units: -$281,000,000.00Stock-award tax withholding−$281.00 MPayment of acquisition related holdback: $0.00Payment for financing costs related to revolving credit facility: -$2,400,000.00Debt issuance costs−$2.40 MNet cash from financing activities: $1,556,900,000.00Financing cash+$1.56 Bfinancing reconciliation: $3,319,400,000.00Purchases of short-term investments: -$603,400,000.00Short-term investment purchases−$603.40 MProceeds from maturities and sales of short-term investments: $264,800,000.00Short-term investment proceeds+$264.80 MPayments for acquisition of property, plant and equipment: -$451,300,000.00PP&E purchases−$451.30 MProceeds from sale of facility, net of cash and selling costs: $0.00Acquisition of businesses, net of cash acquired: -$38,000,000.00Acquisitions, net of cash−$38.00 MProceeds from the sales of property and equipment: $42,400,000.00Other PP&E sales+$42.40 MPayment for acquisition of intangible assets: $0.00Net cash used in investing activities: -$785,500,000.00. Cash required to fund net payments.Investing cash−$785.50 Minvesting reconciliation: $1,092,700,000.00Cash sources and uses: $2,829,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $520,700,000.00Beginning cash$520.70 MEnding cash: Cash, cash equivalents, and restricted cash: $2,043,500,000.00Ending cash$2.04 BCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$6.94B + net operating adjustments $7.69B = operating cash +$751.40MFree cash flow$300.10 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$1.52 BEnding cash − beginning cash
Chart details

Lumentum Holdings Inc. cash flow reconciliation, Jun 29, 2025 through Jun 27, 2026

Cash flows for Jun 29, 2025 through Jun 27, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 28, 2025. Ending cash: Jun 27, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 28, 2025
520,700,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
751,400,000 US dollars. Net cash provided.
Net (loss) income
negative 6,935,100,000 US dollars
Depreciation expense
128,800,000 US dollars
Stock-based compensation
170,200,000 US dollars
Changes in income tax valuation allowance
negative 236,300,000 US dollars
Amortization and write-off of acquired intangible assets
138,200,000 US dollars
Gain on sale of facility
0 US dollars
Amortization of debt issuance costs
3,800,000 US dollars
Amortization of inventory fair value adjustment in connection with acquisition
0 US dollars
Other non-cash income, net
negative 10,500,000 US dollars
Accounts receivable
negative 270,400,000 US dollars
Inventories
negative 228,400,000 US dollars
Prepayments and other current and non-currents assets
negative 96,200,000 US dollars
Income taxes, net
negative 47,900,000 US dollars
Accounts payable
221,600,000 US dollars
Accrued payroll and related expenses
88,400,000 US dollars
Operating lease liabilities
negative 1,200,000 US dollars
Accrued expenses and other current and non-current liabilities
43,400,000 US dollars
Operating lease right-of-use assets, net
negative 1,300,000 US dollars
Inducement expense on partial repurchase of 2026 Notes
5,900,000 US dollars
Bad debt expense
100,000 US dollars
Write-down and loss on sales and dispositions of property, plant and equipment
21,700,000 US dollars
Loss on debt extinguishment
7,756,600,000 US dollars
Write-off of right-of-use assets
0 US dollars
Investing activities
negative 785,500,000 US dollars. Net cash used.
Purchases of short-term investments
negative 603,400,000 US dollars
Proceeds from maturities and sales of short-term investments
264,800,000 US dollars
Payments for acquisition of property, plant and equipment
negative 451,300,000 US dollars
Proceeds from sale of facility, net of cash and selling costs
0 US dollars
Acquisition of businesses, net of cash acquired
negative 38,000,000 US dollars
Proceeds from the sales of property and equipment
42,400,000 US dollars
Payment for acquisition of intangible assets
0 US dollars
Financing activities
1,556,900,000 US dollars. Net cash provided.
Proceeds from the issuance of Series A Convertible Preferred Stock
1,999,700,000 US dollars
Proceeds from the issuance of 2032 Notes, net of issuance costs
1,254,700,000 US dollars
Proceeds from term loans
47,900,000 US dollars
Proceeds from employee stock plans
17,100,000 US dollars
Payment for partial repurchase of 2026 Notes
negative 843,100,000 US dollars
Payment, repurchase and conversion of 2024 Notes
0 US dollars
Payment for 2032 capped call options
negative 102,000,000 US dollars
Cash paid for conversions of convertible notes
negative 520,000,000 US dollars
Principal payments on term loans
negative 14,000,000 US dollars
Payment of withholding taxes related to net share settlement of restricted stock units
negative 281,000,000 US dollars
Payment of acquisition related holdback
0 US dollars
Payment for financing costs related to revolving credit facility
negative 2,400,000 US dollars
Operating adjustment reconciliation
8,578,700,000 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
3,319,400,000 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
1,092,700,000 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 27, 2026
2,043,500,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,829,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,522,800,000 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
751,400,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
451,300,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
300,100,000 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 −$6.94B + net operating adjustments $7.69B = operating cash +$751.40M. 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: 751,400,000 US dollars minus 451,300,000 US dollars equals 300,100,000 US dollars.
Lumentum Holdings Inc. (LITE) FY2026 Annual Statement of Cash Flows Sankey chart
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