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)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,31676971255515715
Cash and cash equivalents1,08543339727315715
Short-term investments231336314282  
Receivables1412197167173151
Inventory, net of allowances, customer advances and progress billings180229154145101100
Inventory180229154145101100
Prepaid expense313220123420
Assets held-for-sale, not part of disposal group105   
Other undisclosed current assets33328646512626
Total current assets:1,8831,3331,127930490311
Noncurrent Assets
Operating lease, right-of-use asset85
Property, plant and equipment 433307274183143
Intangible assets, net (including goodwill)72776418222027
Goodwill369369111156
Intangible assets, net (excluding goodwill)3583957101522
Deferred income tax assets101
Other noncurrent assets5174421
Other undisclosed noncurrent assets42117012643230
Total noncurrent assets:1,3381,384454303237202
TOTAL ASSETS:3,2212,7171,5821,233726513
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities235250192162162111
Accounts payable14416112711511878
Accrued liabilities374734191512
Employee-related liabilities544232282718
Taxes payable   124
Debt125    
Restructuring reserve     3
Asset retirement obligation     0
Other liabilities583922221211
Other undisclosed current liabilities     (4)
Total current liabilities:304294214184174122
Noncurrent Liabilities
Long-term debt and lease obligation1,155836334318  
Long-term debt, excluding current maturities1,092836334318  
Operating lease, liability63
Liabilities, other than long-term debt813471771917
Deferred revenue and credits   2
Accounts payable and accrued liabilities     0
Asset retirement obligations     2
Deferred income tax liabilities48
Liability, pension and other postretirement and postemployment benefits     2
Restructuring reserve     2
Other liabilities33341925910
Derivative instruments and hedges, liabilities  525210 
Other undisclosed noncurrent liabilities 56   (7)
Total noncurrent liabilities:1,2359264063941910
Total liabilities:1,5401,220620578193132
Temporary equity, carrying amount  363636 
Stockholders' equity
Stockholders' equity attributable to parent1,6821,497926619497381
Common stock00000368
Additional paid in capital1,6491,361753695468 
Accumulated other comprehensive income7767913
Retained earnings (accumulated deficit)26129166(83)20 
Total stockholders' equity:1,6821,497926619497381
TOTAL LIABILITIES AND EQUITY:3,2212,7171,5821,233726513

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues1,7451,5651,2481,002903837
Revenue, net 1,002903837
Cost of revenue(1,160)(1,093)(3)(7)(619)(572)
Cost of goods and services sold(1,160)(1,093)(3)(7)(7)(8)
Other undisclosed gross profit(54)(47)(812)(677)(7)(8)
Gross profit:532426432318277258
Operating expenses(488)(448)(292)(271)(266)(281)
Operating income (loss):44(22)1404812(23)
Nonoperating income (expense)2916(10)(3)(1)(1)
Foreign currency transaction loss, before tax     (0)
Other nonoperating income (expense)2916(10)(3)(1)(0)
Interest and debt expense(66)(36)  (0)(1)
Income (loss) from continuing operations before equity method investments, income taxes:8(42)1304410(25)
Other undisclosed income (loss) from continuing operations before income taxes(0)9(1)(104)(1)0
Income (loss) from continuing operations before income taxes:8(33)129(60)10(25)
Income tax expense (benefit)(11)(3)119(43)(0)21
Net income (loss) attributable to parent:(3)(36)248(103)9(3)
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:(3)(38)242(103)(3)(3)

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(3)(36)248(103)9(3)
Other comprehensive loss     (10)
Comprehensive income (loss):(3)(36)248(103)9(14)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent11(1)(2)(3) 
Comprehensive income (loss), net of tax, attributable to parent:(3)(36)247(105)6(14)

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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