$LITE
Lumentum Holdings Inc.

2022 Q2 Form 10-Q Financial Statement

#000162828022012157 Filed on May 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $395.4M $446.7M $448.4M
YoY Change -5.74% -6.35%
Cost Of Revenue $228.2M $239.2M $216.2M
YoY Change -2.69% -13.24%
Gross Profit $167.2M $207.5M $232.2M
YoY Change -9.62% 1.13%
Gross Profit Margin 42.29% 46.45% 51.78%
Selling, General & Admin $63.80M $69.00M $63.30M
YoY Change 7.59% 3.26%
% of Gross Profit 38.16% 33.25% 27.26%
Research & Development $56.70M $53.20M $54.10M
YoY Change -0.87% 2.46%
% of Gross Profit 33.91% 25.64% 23.3%
Depreciation & Amortization $20.20M $20.60M $20.40M
YoY Change -54.91% -14.29%
% of Gross Profit 12.08% 9.93% 8.79%
Operating Expenses $120.4M $122.3M $116.3M
YoY Change -1.87% 1.75%
Operating Profit $46.80M $85.20M $115.9M
YoY Change -24.88% 0.52%
Interest Expense $19.70M $17.10M $16.90M
YoY Change -239.72% 3.68%
% of Operating Profit 42.09% 20.07% 14.58%
Other Income/Expense, Net $2.200M $1.000M $600.0K
YoY Change 2100.0% -166.67%
Pretax Income $29.30M $69.10M $99.60M
YoY Change -88.41% 1.53%
Income Tax $3.300M $12.40M $18.10M
% Of Pretax Income 11.26% 17.95% 18.17%
Net Earnings $26.00M $56.70M $81.50M
YoY Change -88.47% -2.04%
Net Earnings / Revenue 6.58% 12.69% 18.18%
Basic Earnings Per Share $0.37 $0.78 $1.12
Diluted Earnings Per Share $0.35 $0.75 $1.08
COMMON SHARES
Basic Shares Outstanding 71.00M shares 72.30M shares 72.70M shares
Diluted Shares Outstanding 74.50M shares 75.30M shares 75.40M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.564B $2.022B $1.885B
YoY Change 24.8% 10.84%
Cash & Equivalents $1.130B $552.0M $611.0M
Short-Term Investments $1.434B $1.470B $1.274B
Other Short-Term Assets $70.30M $70.40M $68.20M
YoY Change -11.79% -16.93%
Inventory $224.0M $208.1M $207.0M
Prepaid Expenses
Receivables $242.2M $239.2M $263.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.101B $2.540B $2.423B
YoY Change 20.66% 6.92%
LONG-TERM ASSETS
Property, Plant & Equipment $430.7M $434.7M $428.4M
YoY Change -3.93% -6.38%
Goodwill $368.9M $368.9M $368.9M
YoY Change 0.0% 0.0%
Intangibles $176.9M $198.3M $219.8M
YoY Change -32.79% -22.93%
Long-Term Investments
YoY Change
Other Assets $36.70M $6.500M $6.000M
YoY Change 532.76% 11.11%
Total Long-Term Assets $1.033B $1.076B $1.096B
YoY Change -12.18% -8.82%
TOTAL ASSETS
Total Short-Term Assets $3.101B $2.540B $2.423B
Total Long-Term Assets $1.033B $1.076B $1.096B
Total Assets $4.134B $3.616B $3.519B
YoY Change 10.35% 1.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $126.8M $118.2M $101.6M
YoY Change 21.11% -8.72%
Accrued Expenses $36.70M $41.00M $40.40M
YoY Change -7.09% 23.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $406.1M $401.0M $395.8M
YoY Change 5.37% 3.99%
Total Short-Term Liabilities $660.7M $656.7M $611.7M
YoY Change -2.0% -5.5%
LONG-TERM LIABILITIES
Long-Term Debt $1.448B $810.3M $800.0M
YoY Change 85.85% 4.02%
Other Long-Term Liabilities $42.80M $42.00M $42.90M
YoY Change -6.35% 12.6%
Total Long-Term Liabilities $42.80M $42.00M $42.90M
YoY Change -6.35% 12.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $660.7M $656.7M $611.7M
Total Long-Term Liabilities $42.80M $42.00M $42.90M
Total Liabilities $2.221B $1.594B $1.548B
YoY Change 40.51% 0.08%
SHAREHOLDERS EQUITY
Retained Earnings -$60.50M $237.5M $210.7M
YoY Change -113.74% -1.95%
Common Stock $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.912B $2.022B $1.971B
YoY Change
Total Liabilities & Shareholders Equity $4.134B $3.616B $3.519B
YoY Change 10.35% 1.46%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $26.00M $56.70M $81.50M
YoY Change -88.47% -2.04%
Depreciation, Depletion And Amortization $20.20M $20.60M $20.40M
YoY Change -54.91% -14.29%
Cash From Operating Activities $76.60M $206.5M $61.90M
YoY Change -79.91% -51.83%
INVESTING ACTIVITIES
Capital Expenditures -$18.60M -$26.10M $17.90M
YoY Change 16.98% -152.34%
Acquisitions
YoY Change
Other Investing Activities -$4.600M -$202.8M -$99.00M
YoY Change -153.49% 142.65%
Cash From Investing Activities -$23.20M -$228.9M -$116.9M
YoY Change 217.81% 55.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $200.0M $91.70M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 524.9M -36.60M -$108.3M
YoY Change -7006.58% 6270.59%
NET CHANGE
Cash From Operating Activities 76.60M 206.5M $61.90M
Cash From Investing Activities -23.20M -228.9M -$116.9M
Cash From Financing Activities 524.9M -36.60M -$108.3M
Net Change In Cash 578.3M -59.00M -$163.3M
YoY Change 57.83% -415.25%
FREE CASH FLOW
Cash From Operating Activities $76.60M $206.5M $61.90M
Capital Expenditures -$18.60M -$26.10M $17.90M
Free Cash Flow $95.20M $232.6M $44.00M
YoY Change -76.03% -72.96%

Facts In Submission

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CY2022Q2 us-gaap Common Stock Shares Outstanding
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CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
73000000.0 shares
CY2021Q3 us-gaap Common Stock Shares Issued
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73000000.0 shares
CY2022Q2 us-gaap Common Stock Value
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100000 USD
CY2021Q3 us-gaap Common Stock Value
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100000 USD
CY2022Q2 us-gaap Additional Paid In Capital
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CY2021Q3 us-gaap Additional Paid In Capital
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CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
220900000 USD
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
8200000 USD
CY2022Q2 us-gaap Stockholders Equity
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CY2021Q3 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4133500000 USD
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3551600000 USD
CY2021Q3 us-gaap Stockholders Equity
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1972800000 USD
CY2021Q4 us-gaap Net Income Loss
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81500000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
300000 USD
CY2021Q4 lite Stock Issued During Period Value Sharebased Compensation Net Of Taxes
StockIssuedDuringPeriodValueSharebasedCompensationNetOfTaxes
0 USD
CY2021Q4 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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CY2021Q4 us-gaap Stock Repurchased During Period Value
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91700000 USD
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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25100000 USD
CY2021Q4 us-gaap Stockholders Equity
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1971400000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
56700000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2300000 USD
CY2022Q1 lite Stock Issued During Period Value Sharebased Compensation Net Of Taxes
StockIssuedDuringPeriodValueSharebasedCompensationNetOfTaxes
0 USD
CY2022Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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CY2022Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
6600000 USD
CY2022Q1 us-gaap Stock Repurchased During Period Value
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29900000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
27700000 USD
CY2022Q1 us-gaap Stockholders Equity
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2021900000 USD
CY2022Q2 us-gaap Net Income Loss
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26000000.0 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7400000 USD
CY2022Q2 lite Stock Issued During Period Value Sharebased Compensation Net Of Taxes
StockIssuedDuringPeriodValueSharebasedCompensationNetOfTaxes
0 USD
CY2022Q2 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-7900000 USD
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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179800000 USD
CY2022Q2 us-gaap Stock Repurchased During Period Value
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324000000.0 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1921900000 USD
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
23700000 USD
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1912100000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
1749200000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
67100000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1500000 USD
CY2020Q3 lite Stock Issued During Period Value Sharebased Compensation Net Of Taxes
StockIssuedDuringPeriodValueSharebasedCompensationNetOfTaxes
0 USD
CY2020Q3 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-19100000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
100000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20300000 USD
CY2020Q3 us-gaap Stockholders Equity
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1816100000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
83200000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-400000 USD
CY2020Q4 lite Stock Issued During Period Value Sharebased Compensation Net Of Taxes
StockIssuedDuringPeriodValueSharebasedCompensationNetOfTaxes
0 USD
CY2020Q4 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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CY2020Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
5500000 USD
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
24600000 USD
us-gaap Net Income Loss
NetIncomeLoss
225500000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-300000 USD
lite Stock Issued During Period Value Sharebased Compensation Net Of Taxes
StockIssuedDuringPeriodValueSharebasedCompensationNetOfTaxes
0 USD
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-7600000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
100000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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25400000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
2165000000 USD
us-gaap Net Income Loss
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164200000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
375800000 USD
us-gaap Net Income Loss
NetIncomeLoss
375800000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
375800000 USD
us-gaap Depreciation
Depreciation
61200000 USD
us-gaap Depreciation
Depreciation
70400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
75400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
68700000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
500000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
64300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
63600000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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4300000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-5400000 USD
us-gaap Amortization Of Debt Discount Premium
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48600000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
43900000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-9500000 USD
us-gaap Other Noncash Income Expense
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-7300000 USD
us-gaap Increase Decrease In Accounts Receivable
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29400000 USD
us-gaap Increase Decrease In Accounts Receivable
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-8200000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
26500000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
20200000 USD
lite Operating Lease Right Of Use Asset Increase Decrease
OperatingLeaseRightOfUseAssetIncreaseDecrease
6900000 USD
lite Operating Lease Right Of Use Asset Increase Decrease
OperatingLeaseRightOfUseAssetIncreaseDecrease
-8400000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8200000 USD
us-gaap Increase Decrease In Other Operating Assets
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5600000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
20200000 USD
us-gaap Increase Decrease In Deferred Income Taxes
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-28200000 USD
us-gaap Increase Decrease In Accounts Payable
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14300000 USD
us-gaap Increase Decrease In Accounts Payable
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-41600000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-6800000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-7500000 USD
lite Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-5400000 USD
lite Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
6100000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
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4400000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
16100000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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345000000.0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
614500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
62600000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
66400000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
0 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
10000000.0 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
1300000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
946800000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
1515700000 USD
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
664000000.0 USD
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
1394500000 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
30000000.0 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6400000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-369000000.0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-196300000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
448600000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
854800000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
32800000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
33800000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
6600000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
5500000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
400000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
200000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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380000000.0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-28500000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
356000000.0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
389700000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
774300000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
298000000.0 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1130300000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
687700000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
53800000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
30900000 USD
us-gaap Interest Paid Net
InterestPaidNet
3800000 USD
us-gaap Interest Paid Net
InterestPaidNet
3800000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6200000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6700000 USD
lite Repurchase Of Common Stock Pending Settlement
RepurchaseOfCommonStockPendingSettlement
2100000 USD
lite Repurchase Of Common Stock Pending Settlement
RepurchaseOfCommonStockPendingSettlement
0 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
700000 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
13700000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1400000 USD
us-gaap Fiscal Period
FiscalPeriod
<div style="text-align:justify;text-indent:22.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Fiscal Years</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We utilize a 52-53 week fiscal year ending on the Saturday closest to June 30th. Every fifth or sixth fiscal year will have a 53-week period. The additional week in a 53-week year is added to the third quarter, making such quarter consist of 14 weeks. Our fiscal 2022 is a 52-week year ending on July 2, 2022, with the quarter ended April 2, 2022 being a 13-week quarterly period. Our fiscal 2021 was a 53-week year that ended on July 3, 2021, with the quarter ended April 3, 2021 being a 14-week quarterly period.</span></div>
CY2021Q1 lite Proceeds From Contract Termination
ProceedsFromContractTermination
217600000 USD
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26000000.0 USD
CY2022Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
26000000.0 USD
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
26000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
225500000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
225500000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
225500000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
164200000 USD
us-gaap Net Income Loss
NetIncomeLoss
164200000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
164200000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
375800000 USD
us-gaap Net Income Loss
NetIncomeLoss
375800000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
375800000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75600000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
800000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
800000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2800000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2600000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2500000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2200000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78600000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.97
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.97
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.85
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.78
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
500000 shares
CY2022Q2 us-gaap Cash
Cash
149400000 USD
CY2022Q2 us-gaap Cash
Cash
149400000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1130300000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1130300000 USD
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1445100000 USD
CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
100000 USD
CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
11400000 USD
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1433800000 USD
CY2021Q3 us-gaap Cash
Cash
128300000 USD
CY2021Q3 us-gaap Cash
Cash
128300000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
774300000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
774300000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1171800000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
300000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
400000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1171700000 USD
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2200000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3800000 USD
CY2022Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
1100000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
2300000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2400000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2100000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1000000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
4900000 USD
CY2022Q2 us-gaap Interest Receivable Current
InterestReceivableCurrent
4100000 USD
CY2021Q3 us-gaap Interest Receivable Current
InterestReceivableCurrent
4100000 USD
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
1535200000 USD
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
11400000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
617500000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
400000 USD
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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1044600000 USD
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61200000 USD
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22800000 USD
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42800000 USD
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40900000 USD
CY2022Q2 lite Finance Lease Cost
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lite Finance Lease Cost
FinanceLeaseCost
100000 USD
lite Finance Lease Cost
FinanceLeaseCost
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lite Finance Lease Cost
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us-gaap Variable Lease Cost
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lite Short Term And Variable Lease Cost
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P7Y1M6D
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P7Y6M
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3500000 USD
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13400000 USD
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25200000 USD
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2900000 USD
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3900000 shares
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23300000 USD
us-gaap Allocated Share Based Compensation Expense
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25100000 USD
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68700000 USD
CY2022Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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2700000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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3400000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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10900000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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5600000 USD
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us-gaap Treasury Stock Acquired Average Cost Per Share
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89.80
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2300000 shares
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200000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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3900000 shares
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
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700000000 USD
CY2021Q2 lite Stock Repurchase Program Term
StockRepurchaseProgramTerm
P2Y
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 USD
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
700000000 USD
us-gaap Stock Repurchased During Period Shares
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2700000 shares
lite Payments For Repurchase Of Common Stock Excluding Accrued Repurchases
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245500000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5800000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
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83.45
CY2022Q2 us-gaap Purchase Commitment Remaining Minimum Amount Committed
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345600000 USD
lite Supply Agreement Typical Duration
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P1Y
lite Standard Product Warranty Term
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P12M
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8600000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5700000 USD
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5000000.0 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5000000.0 USD
CY2022Q2 us-gaap Product Warranty Accrual Warranties Issued
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1500000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1700000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
7000000.0 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5800000 USD
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ProductWarrantyAccrualPayments
1000000.0 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1800000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2900000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5200000 USD
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9100000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5600000 USD
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9100000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5600000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q2 us-gaap Gross Profit
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167200000 USD
us-gaap Gross Profit
GrossProfit
185000000.0 USD
us-gaap Gross Profit
GrossProfit
606900000 USD
us-gaap Gross Profit
GrossProfit
620300000 USD
lite Geographic Regions Number
GeographicRegionsNumber
3 region
lite Geographic Regions Number
GeographicRegionsNumber
3 region
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
419500000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1290500000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1350700000 USD
CY2022Q2 us-gaap Noncurrent Assets
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356400000 USD
CY2021Q3 us-gaap Noncurrent Assets
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361100000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
395400000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
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419500000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1290500000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1350700000 USD
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
242200000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
212800000 USD
lite Contract With Customer Asset Period Increase Decrease
ContractWithCustomerAssetPeriodIncreaseDecrease
29400000 USD
lite Contract With Customer Asset Period Increase Decrease Percent
ContractWithCustomerAssetPeriodIncreaseDecreasePercent
0.138
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
600000 USD
lite Contract With Customer Liability Period Increase Decrease
ContractWithCustomerLiabilityPeriodIncreaseDecrease
-600000 USD
lite Contract With Customer Liability Period Increase Decrease Percent
ContractWithCustomerLiabilityPeriodIncreaseDecreasePercent
-1.000

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lite-20220402.htm Edgar Link pending
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lite-20220402_def.xml Edgar Link unprocessable
lite-20220402_htm.xml Edgar Link completed
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