For the quarter ending 2025-12-27, LITE had -$115,200K decrease in cash & cash equivalents over the period. $43,100K in free cash flow.
| Cash Flow | 2025-12-27 | 2025-09-27 | 2025-06-28 | 2025-03-29 |
|---|---|---|---|---|
| Net income (loss) | 78,200 | 4,200 | 213,300 | -44,100 |
| Depreciation expense | 30,600 | 27,800 | 26,400 | 25,000 |
| Stock-based compensation | 45,400 | 42,400 | 40,000 | 62,800 |
| Amortization of inventory fair value adjustment in connection with acquisition | - | - | 0 | 0 |
| Bad debt recovery | 0 | -100 | 0 | 3,400 |
| Gain on repurchase of convertible notes | - | - | 0 | - |
| Gain on sale of facility | - | - | 0 | 35,700 |
| Change in valuation allowance on deferred tax assets | -1,700 | 300 | - | - |
| Amortization and write-off of acquired intangibles | 34,000 | 34,400 | 34,700 | 35,100 |
| Write-down and loss on sales and dispositions of property, plant and equipment | -11,600 | -400 | 0 | -5,200 |
| Amortization of debt discount and debt issuance costs | 1,100 | 800 | 700 | 800 |
| Inducement expense on partial repurchase of 2026 notes | 0 | 5,900 | - | - |
| Write-off of right-of-use assets | 0 | 0 | 1,600 | 700 |
| Other non-cash items | 3,200 | 3,000 | -2,100 | -3,000 |
| Accounts receivable | 69,800 | 56,900 | -5,700 | 32,200 |
| Inventories | 45,000 | 57,500 | 45,600 | 20,700 |
| Operating lease right-of-use assets, net | -900 | 2,600 | -2,700 | 0 |
| Prepayments and other current and non-currents assets | 25,000 | 2,400 | 13,400 | 6,700 |
| Income taxes, net | -3,400 | 1,900 | 235,000 | 11,700 |
| Accounts payable | 51,100 | 28,800 | 24,300 | 6,200 |
| Accrued payroll and related expenses | 16,000 | 11,400 | 15,100 | 2,900 |
| Operating lease liabilities | -1,300 | 1,700 | -2,100 | -200 |
| Accrued expenses and other current and non-current liabilities | -3,000 | 24,800 | -6,500 | 4,600 |
| Net cash provided by operating activities | 126,700 | 57,900 | 64,000 | -1,600 |
| Payments for acquisition of property, plant and equipment | 83,600 | 76,200 | 53,900 | 62,800 |
| Acquisition of businesses, net of cash acquired | - | - | 0 | 0 |
| Proceeds from sale of facility, net of cash and selling costs | - | - | - | 47,800 |
| Payment for acquisition of intangible assets | - | - | 0 | 0 |
| Purchases of short-term investments | 199,200 | 58,300 | 85,700 | 89,800 |
| Proceeds from maturities and sales of short-term investments | 51,300 | 66,700 | 80,200 | 157,800 |
| Proceeds from sale of facility, net of cash and selling costs | - | - | 47,800 | - |
| Proceeds from the sales of property, plant and equipment | 100 | 0 | 0 | 300 |
| Net cash used in investing activities | -231,400 | -67,800 | -59,400 | 53,100 |
| Proceeds from the issuance of 2032 notes, net of issuance costs | -1,000 | 1,255,700 | 0 | - |
| Proceeds from term loans | 47,900 | 0 | 0 | 0 |
| Proceeds from the exercise of stock options | - | 600 | - | - |
| Proceeds from employee stock plans | 8,700 | - | 7,800 | 200 |
| Payment for partial repurchase of 2026 notes | 0 | 843,100 | - | -323,100 |
| Repurchase of common stock | - | - | 0 | - |
| Payment for 2032 capped call options | 0 | 102,000 | - | - |
| Payment, repurchase and conversion of 2024 notes | - | - | 0 | - |
| Payment of withholding taxes related to net share settlement of restricted stock units | 60,000 | 47,400 | 5,400 | 12,500 |
| Principal payments on term loans | 2,500 | 2,600 | 2,700 | 2,500 |
| Payment for financing costs related to revolving credit facility-Revolving Credit Facility | 2,000 | - | - | - |
| Payment for financing costs related to revolving credit facility-Convertible Debt | 100 | - | - | - |
| Payment of acquisition related holdback | 0 | 0 | 0 | 0 |
| Net cash provided by financing activities | -10,500 | 262,100 | -300 | -14,800 |
| Increase in cash and cash equivalents | -115,200 | 252,200 | 4,300 | 36,700 |
| Cash and cash equivalents at beginning of period | 772,900 | 520,700 | 516,400 | 479,700 |
| Cash and cash equivalents at end of period | 657,700 | 772,900 | 520,700 | 516,400 |
Lumentum Holdings Inc. (LITE)
Lumentum Holdings Inc. (LITE)