Lumentum Holdings Inc. (LITE) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-09-28 to 2025-12-27

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Lumentum Holdings Inc. cash flow reconciliation, Sep 28, 2025 through Dec 27, 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.Net income (loss) → Net cash from operating activities: $78,200,000.00Accounts payable → Operating adjustments reconciliation: $51,100,000.00Stock-based compensation → Operating adjustments reconciliation: $45,400,000.00Amortization and write-off of acquired intangibles → Operating adjustments reconciliation: $34,000,000.00Depreciation expense → Operating adjustments reconciliation: $30,600,000.00Accrued payroll and related expenses → Operating adjustments reconciliation: $16,000,000.00Write-down and loss on sales and dispositions of property, plant and equipment → Operating adjustments reconciliation: $11,600,000.00Income taxes, net → Operating adjustments reconciliation: $3,400,000.00Change in valuation allowance on deferred tax assets → Operating adjustments reconciliation: $1,700,000.00Amortization of debt discount and debt issuance costs → Operating adjustments reconciliation: $1,100,000.00Operating lease right-of-use assets, net → Operating adjustments reconciliation: $900,000.00Operating adjustments reconciliation → Net cash from operating activities: $48,500,000.00Operating adjustments reconciliation → Accounts receivable: $69,800,000.00Operating adjustments reconciliation → Inventories: $45,000,000.00Operating adjustments reconciliation → Prepayments and other current and non-currents assets: $25,000,000.00Operating adjustments reconciliation → Other non-cash items: $3,200,000.00Operating adjustments reconciliation → Accrued expenses and other current and non-current liabilities: $3,000,000.00Operating adjustments reconciliation → Operating lease liabilities: $1,300,000.00Proceeds from maturities and sales of short-term investments → investing reconciliation: $51,300,000.00Proceeds from the sales of property, plant and equipment → investing reconciliation: $100,000.00Net cash used in investing activities → investing reconciliation: $231,400,000.00investing reconciliation → Purchases of short-term investments: $199,200,000.00investing reconciliation → Payments for acquisition of property, plant and equipment: $83,600,000.00Net cash used in financing activities → financing reconciliation: $10,500,000.00Proceeds from term loans → financing reconciliation: $47,900,000.00Remaining financing cash flows, net (calculated) → financing reconciliation: $5,100,000.00financing reconciliation → Payment of withholding taxes related to net share settlement of restricted stock units: $60,000,000.00financing reconciliation → Principal payments on term loans: $2,500,000.00financing reconciliation → Proceeds from the issuance of 2032 Notes, net of issuance costs: $1,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $772,900,000.00Net cash from operating activities → Cash sources and uses: $126,700,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $657,700,000.00Cash sources and uses → Net cash used in investing activities: $231,400,000.00Cash sources and uses → Net cash used in financing activities: $10,500,000.00Accrued payroll and related expenses: $16,000,000.00Accrued compensation+$16.00 MAccounts receivable: -$69,800,000.00Accounts receivable−$69.80 MDepreciation expense: $30,600,000.00Depreciation expense+$30.60 MAmortization and write-off of acquired intangibles: $34,000,000.00Intangible amort. & write-off+$34.00 MStock-based compensation: $45,400,000.00Stock-based compensation+$45.40 MIncome taxes, net: $3,400,000.00Deferred tax balances+$3.40 MOther non-cash items: -$3,200,000.00Other non-cash items−$3.20 MWrite-off of right-of-use assets: $0.00Inducement expense on partial repurchase of 2026 Notes: $0.00Amortization of debt discount and debt issuance costs: $1,100,000.00Discount & premium amortization+$1.10 MWrite-down and loss on sales and dispositions of property, plant and equipment: $11,600,000.00Other asset gain & loss+$11.60 MAccrued expenses and other current and non-current liabilities: -$3,000,000.00Other accrued liabilities−$3.00 MAccounts payable: $51,100,000.00Accounts payable+$51.10 MOperating lease liabilities: -$1,300,000.00Operating lease liabilities−$1.30 MBad debt recovery: $0.00Net income (loss): $78,200,000.00Net income (loss)+$78.20 MOperating lease right-of-use assets, net: $900,000.00Operating lease right-of-use+$900.00 KInventories: -$45,000,000.00Inventories−$45.00 MPrepayments and other current and non-currents assets: -$25,000,000.00Other operating assets−$25.00 MChange in valuation allowance on deferred tax assets: $1,700,000.00Valuation allowance release+$1.70 MNet cash from operating activities: $126,700,000.00Operating cash+$126.70 MOperating adjustments reconciliation: $195,800,000.00Proceeds from the issuance of 2032 Notes, net of issuance costs: -$1,000,000.00Convertible debt issued−$1.00 MProceeds from term loans: $47,900,000.00Debt issued+$47.90 MPayment for partial repurchase of 2026 Notes: -$0.00Payment for 2032 capped call options: -$0.00Payment of withholding taxes related to net share settlement of restricted stock units: -$60,000,000.00Stock-award tax withholding−$60.00 MPrincipal payments on term loans: -$2,500,000.00Secured debt repaid−$2.50 MPayment of acquisition related holdback: -$0.00Remaining financing cash flows, net (calculated): $5,100,000.00Remaining financing (calculated)+$5.10 MNet cash used in financing activities: -$10,500,000.00. Cash required to fund net payments.Financing cash−$10.50 Mfinancing reconciliation: $63,500,000.00Payments for acquisition of property, plant and equipment: -$83,600,000.00PP&E purchases−$83.60 MPurchases of short-term investments: -$199,200,000.00Short-term investment purchases−$199.20 MProceeds from maturities and sales of short-term investments: $51,300,000.00Short-term investment proceeds+$51.30 MProceeds from the sales of property, plant and equipment: $100,000.00Other PP&E sales+$100.00 KNet cash used in investing activities: -$231,400,000.00. Cash required to fund net payments.Investing cash−$231.40 Minvesting reconciliation: $282,800,000.00Cash sources and uses: $899,600,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $772,900,000.00Beginning cash$772.90 MEnding cash: Cash, cash equivalents, and restricted cash: $657,700,000.00Ending cash$657.70 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$43.10 MOperating cash − cash spent on PP&ECash flow / Net income1.62×Operating cash flow ÷ net incomeNet cash change−$115.20 MEnding cash − beginning cash
Chart details

Lumentum Holdings Inc. cash flow reconciliation, Sep 28, 2025 through Dec 27, 2025

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

Beginning cash on Sep 27, 2025
772,900,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
126,700,000 US dollars. Net cash provided.
Net income (loss)
78,200,000 US dollars
Accrued payroll and related expenses
16,000,000 US dollars
Accounts receivable
negative 69,800,000 US dollars
Depreciation expense
30,600,000 US dollars
Amortization and write-off of acquired intangibles
34,000,000 US dollars
Stock-based compensation
45,400,000 US dollars
Income taxes, net
3,400,000 US dollars
Other non-cash items
negative 3,200,000 US dollars
Write-off of right-of-use assets
0 US dollars
Inducement expense on partial repurchase of 2026 Notes
0 US dollars
Amortization of debt discount and debt issuance costs
1,100,000 US dollars
Write-down and loss on sales and dispositions of property, plant and equipment
11,600,000 US dollars
Accrued expenses and other current and non-current liabilities
negative 3,000,000 US dollars
Accounts payable
51,100,000 US dollars
Operating lease liabilities
negative 1,300,000 US dollars
Bad debt recovery
0 US dollars
Operating lease right-of-use assets, net
900,000 US dollars
Inventories
negative 45,000,000 US dollars
Prepayments and other current and non-currents assets
negative 25,000,000 US dollars
Change in valuation allowance on deferred tax assets
1,700,000 US dollars
Investing activities
negative 231,400,000 US dollars. Net cash used.
Payments for acquisition of property, plant and equipment
negative 83,600,000 US dollars
Purchases of short-term investments
negative 199,200,000 US dollars
Proceeds from maturities and sales of short-term investments
51,300,000 US dollars
Proceeds from the sales of property, plant and equipment
100,000 US dollars
Financing activities
negative 10,500,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the financing total. The filing's tagged financing lines do not add up to the financing total; this is the difference. 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 exercise of stock options), so Payment for financing costs related to revolving credit facility and Proceeds from employee stock plans cannot be separated for this quarter. It may combine inflows and outflows.
Proceeds from the issuance of 2032 Notes, net of issuance costs
negative 1,000,000 US dollars
Proceeds from term loans
47,900,000 US dollars
Payment for partial repurchase of 2026 Notes
0 US dollars
Payment for 2032 capped call options
0 US dollars
Payment of withholding taxes related to net share settlement of restricted stock units
negative 60,000,000 US dollars
Principal payments on term loans
negative 2,500,000 US dollars
Payment of acquisition related holdback
0 US dollars
Remaining financing cash flows, net (calculated)
5,100,000 US dollars
Operating adjustment reconciliation
195,800,000 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 displayed reconciliation
63,500,000 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.
investing gross reconciliation
282,800,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Dec 27, 2025
657,700,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
899,600,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 115,200,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.62×. 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
126,700,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
83,600,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
43,100,000 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 income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $48.50M 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: 126,700,000 US dollars minus 83,600,000 US dollars equals 43,100,000 US dollars.
Lumentum Holdings Inc. (LITE) FY2026 Q2 Statement of Cash Flows Sankey chart
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