10-Q Filing

Lumentum Holdings Inc. CIK: 1633978 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001633978-17-000119`
Period End Date	20170930
Filing Date	20171101
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	lite-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 40 Cash Flow Statement 68 Comprehensive Income 10

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$150.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$272.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$166.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$157.10M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$282.40M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$381.70M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$166.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$173.80M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$147.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	990.00M	shares	Point-in-time
Inventories	`InventoryNet`	$145.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	990.00M	shares	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$63.50M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	62.01M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	61.48M	shares	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$69.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$922.50M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	61.48M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$930.30M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	62.01M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$293.70M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$273.50M	USD	Point-in-time
Goodwill and intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$21.50M	USD	Point-in-time
Goodwill and intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$21.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$7.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.90M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.60M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.70M	USD	Point-in-time
Total assets	`Assets`	$1.23B	USD	Point-in-time
Total assets	`Assets`	$1.25B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$114.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$111.60M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$27.50M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$25.10M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$700.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$500.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$19.30M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$18.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$21.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$22.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$177.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$184.20M	USD	Point-in-time
Convertible note	`ConvertibleDebtNoncurrent`	$317.50M	USD	Point-in-time
Convertible note	`ConvertibleDebtNoncurrent`	$321.60M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$51.60M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$47.40M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$25.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$25.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$578.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$571.50M	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total redeemable convertible preferred stock	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$35.80M	USD	Point-in-time
Total redeemable convertible preferred stock	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$35.80M	USD	Point-in-time
Common stock, $0.001 par value, 990,000,000 authorized shares, 62,006,405 and 61,476,103 shares issued and outstanding as of September 30, 2017 and July 1, 2017, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Common stock, $0.001 par value, 990,000,000 authorized shares, 62,006,405 and 61,476,103 shares issued and outstanding as of September 30, 2017 and July 1, 2017, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$694.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$705.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-83.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-73.90M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.20M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$641.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$618.80M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock, and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.23B	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock, and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.25B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$258.10M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$243.20M	USD	1 Quarter
Cost of sales	`CostOfRevenueExcludingAmortization`	$173.90M	USD	1 Quarter
Cost of sales	`CostOfRevenueExcludingAmortization`	$174.70M	USD	1 Quarter
Amortization of acquired developed technologies	`CostOfGoodsSoldAmortization`	$800.00K	USD	1 Quarter
Amortization of acquired developed technologies	`CostOfGoodsSoldAmortization`	$1.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$68.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$81.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$36.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$36.30M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$26.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$25.10M	USD	1 Quarter
Restructuring and related charges	`RestructuringCharges`	$2.90M	USD	1 Quarter
Restructuring and related charges	`RestructuringCharges`	$2.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$65.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$64.90M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.70M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$16.80M	USD	1 Quarter
Unrealized gain (loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$-22.70M	USD	1 Quarter
Unrealized gain (loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$4.20M	USD	1 Quarter
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.40M	USD	1 Quarter
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.70M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.50M	USD	1 Quarter
Benefit from income tax	`IncomeTaxExpenseBenefit`	$-3.60M	USD	1 Quarter
Benefit from income tax	`IncomeTaxExpenseBenefit`	$-2.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.10M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.40M	USD	1 Quarter
Cumulative dividends on Series A Preferred Stock	`TemporaryEquityDividendsAdjustment`	$200.00K	USD	1 Quarter
Cumulative dividends on Series A Preferred Stock	`TemporaryEquityDividendsAdjustment`	$200.00K	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.60M	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.90M	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.70M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	59.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	59.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.00M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$7.10M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.40M	USD	1 Quarter
Depreciation expense	`Depreciation`	$16.70M	USD	1 Quarter
Depreciation expense	`Depreciation`	$11.90M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$7.70M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$9.30M	USD	1 Quarter
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$-22.70M	USD	1 Quarter
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$4.20M	USD	1 Quarter
Amortization of acquired developed technologies	`AmortizationOfIntangibleAssets`	$800.00K	USD	1 Quarter
Amortization of acquired developed technologies	`AmortizationOfIntangibleAssets`	$1.80M	USD	1 Quarter
Amortization of discount on 0.25% Convertible Senior Notes due 2024	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of discount on 0.25% Convertible Senior Notes due 2024	`AmortizationOfDebtDiscountPremium`	$4.10M	USD	1 Quarter
Other non-cash (income) expenses	`OtherNoncashIncomeExpense`	$-100.00K	USD	1 Quarter
Other non-cash (income) expenses	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.50M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.00M	USD	1 Quarter
Prepayments and other current and non-currents assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.20M	USD	1 Quarter
Prepayments and other current and non-currents assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.80M	USD	1 Quarter
Deferred taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$-200.00K	USD	1 Quarter
Deferred taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$3.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.80M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-14.20M	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.40M	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$500.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.30M	USD	1 Quarter
Accrued expenses and other current and non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.20M	USD	1 Quarter
Accrued expenses and other current and non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.70M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.30M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.00M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.90M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	-	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$228.30M	USD	1 Quarter
Proceeds from maturities and sales of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$128.80M	USD	1 Quarter
Proceeds from maturities and sales of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-132.50M	USD	1 Quarter
Payment of dividends - preferred stock	`PaymentsOfOrdinaryDividends`	$200.00K	USD	1 Quarter
Payment of dividends - preferred stock	`PaymentsOfOrdinaryDividends`	$200.00K	USD	1 Quarter
Repayment of capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.20M	USD	1 Quarter
Repayment of capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.70M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.50M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.30M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$300.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$400.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-122.10M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.70M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$150.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$272.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$166.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$157.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$150.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$272.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$166.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$157.10M	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	$2.90M	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	$300.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$600.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Unpaid property, plant and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$9.10M	USD	1 Quarter
Unpaid property, plant and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$12.60M	USD	1 Quarter
Equipment acquired under capital lease	`CapitalLeaseObligationsIncurred`	$8.50M	USD	1 Quarter
Equipment acquired under capital lease	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$7.10M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.40M	USD	1 Quarter
Net change in cumulative translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.90M	USD	1 Quarter
Net change in cumulative translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-900.00K	USD	1 Quarter
Net change in unrealized gain (loss) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Net change in unrealized gain (loss) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-100.00K	USD	1 Quarter
Net change in accumulated other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-900.00K	USD	1 Quarter
Net change in accumulated other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.80M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$8.90M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-4.30M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.