Lumentum Holdings Inc. (LITE) financial statements (2021 and earlier)

Company profile

Business Address 1001 RIDDER PARK DRIVE
SAN JOSE, CA 95131
State of Incorp. DE
Fiscal Year End June 30
SIC 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7001,554769712555157
Cash and cash equivalents321298433397273157
Short-term investments1,3791,256336314282 
Receivables5 12197167173
Inventory, net of allowances, customer advances and progress billings207189229154145101
Inventory207189229154145101
Prepaid expense  32201234
Assets held-for-sale, not part of disposal group  5   
Other undisclosed current assets354307286465126
Total current assets:2,2662,0501,3331,127930490
Noncurrent Assets
Finance lease, right-of-use asset 12
Operating lease, right-of-use asset7279
Property, plant and equipment  433307274183
Intangible assets, net (including goodwill)654686764182220
Goodwill36936936911115
Intangible assets, net (excluding goodwill)28531739571015
Deferred income tax assets8581
Other noncurrent assets5417442
Other undisclosed noncurrent assets386381170126432
Total noncurrent assets:1,2021,2431,384454303237
TOTAL ASSETS:3,4683,2932,7171,5821,233726
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities191228250192162162
Accounts payable111151161127115118
Accrued liabilities332447341915
Employee-related liabilities475342322827
Taxes payable    12
Debt380115   
Other liabilities654439222212
Other undisclosed current liabilities11     
Total current liabilities:647283294214184174
Noncurrent Liabilities
Long-term debt and lease obligation8241,178836334318 
Long-term debt, excluding current maturities7691,120836334318 
Operating lease, liability5558
Liabilities, other than long-term debt758334717719
Deferred income tax liabilities3747
Other liabilities38363419259
Derivative instruments and hedges, liabilities   525210
Other undisclosed noncurrent liabilities  56   
Total noncurrent liabilities:8991,26092640639419
Total liabilities:1,5461,5431,220620578193
Temporary equity, carrying amount   363636
Stockholders' equity
Stockholders' equity attributable to parent1,9221,7491,497926619497
Common stock000000
Additional paid in capital1,7011,6771,361753695468
Accumulated other comprehensive income687679
Retained earnings (accumulated deficit)21565129166(83)20
Total stockholders' equity:1,9221,7491,497926619497
TOTAL LIABILITIES AND EQUITY:3,4683,2932,7171,5821,233726

Income statement (P&L) ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues1,7021,6791,5651,2481,002903
Revenue, net 1,002903
Cost of revenue1(54)(1,093)(3)(7)(619)
Cost of goods and services sold1(54)(1,093)(3)(7)(7)
Other undisclosed gross profit(975)(975)(47)(812)(677)(7)
Gross profit:729650426432318277
Operating expenses(445)(446)(448)(292)(271)(266)
Operating income (loss):284204(22)1404812
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
253116(10)(3)(1)
Interest and debt expense(64)(61)(36)  (0)
Income (loss) from continuing operations before equity method investments, income taxes:245174(42)1304410
Other undisclosed income (loss) from continuing operations before income taxes  9(1)(104)(1)
Income (loss) from continuing operations before income taxes:245174(33)129(60)10
Income tax expense (benefit)(56)(39)(3)119(43)(0)
Net income (loss) attributable to parent:189136(36)248(103)9
Preferred stock dividends and other adjustments  (0)(1)(1)(13)
Other undisclosed net loss available to common stockholders, basic  (1)(6)  
Net income (loss) available to common stockholders, diluted:189136(38)242(103)(3)

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):189136(36)248(103)9
Comprehensive income (loss):189136(36)248(103)9
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)11(1)(2)(3)
Comprehensive income (loss), net of tax, attributable to parent:188136(36)247(105)6

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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