Income StatementBalance SheetCash FlowSegments
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Coherent Cash Flow Statement

Operating, investing, and financing cash movements

Coherent generated $140.3M in operating cash flow over the trailing twelve months. After $678.6M in capital expenditures, free cash flow was -$537.2M. Free cash flow decreased 3.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$140.3MNet Cash From Investing (TTM)-$1.0BNet Cash From Financing (TTM)$1.4BCapital Expenditures (TTM)$678.6MNet Change In Cash (TTM)$592.9M
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$65.6B
P/E Ratio113.05
ROE7.24%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain on sale of property, plant, and equipment-$89.0K-$45.0K-$670.0K-$127.0K-$21.0K-$777.0K
Change in accounts payable$3.4M$80.2M$89.1M$105.4M$100.2M$144.1M
Change in accounts receivable$61.4M$127.3M$4.3M$66.6M$24.8M$133.9M
Change in deferred revenue-$572.0K$14.5M—-$8.0M-$234.0K$5.4M
Change in inventories$11.7M$30.8M$105.4M$219.1M$202.3M$278.0M
Other working capital changes$14.9M-$1.5M$62.0M-$40.8M$98.6M$171.5M
Deferred income taxes-$17.0M-$28.5M-$7.3M-$83.7M$10.6M-$65.0M
Loss on extinguishment of debt$0.0$0.0$0.0-$3.1M$0.0$0.0
Realized Gain (Loss) on Disposal of Equity Method Investment$0.0$0.0—$6.7M$14.8M$14.1M
Net cash from operating activities$187.4M$163.0M$130.3M$46.0M$57.9M-$93.8M
Net income$101.5M$1.8M—$225.2M$143.8M$181.7M
Stock-based compensation$40.7M$41.0M$43.6M$44.1M$42.8M$49.1M
Amortization expense related to capitalized debt issuance costs$4.9M$5.2M—$9.8M$2.4M$2.9M
Depreciation$62.7M$59.4M$62.8M$53.0M$55.5M$62.4M
Foreign currency remeasurement (loss) gain on debt$31.0M-$16.4M-$26.3M$4.2M$4.3M$1.7M
Gain on sale of business and assets$0.0$0.0—$115.2M$0.0$8.9M
Equity in earnings (losses) of equity method investees$109.0K$125.0K$690.0K$215.0K$61.0K$18.0K
Accrued compensation and employee benefits$16.5M$28.8M$33.1M-$48.2M$32.6M$33.5M
Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable$22.4M-$11.0M-$19.9M$37.2M-$66.4M$8.1M
Amortization$71.7M$87.2M$72.0M$69.4M$70.5M$70.5M
Restructuring charges, net of cash paid (Note 15)$18.0K$24.6M$97.9M$9.9M$10.8M$20.8M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid$14.3M$3.4M—$71.6M$54.7M$75.6M
Stock issued to settle debt$0.0$0.0$0.0———
Interest paid$79.1M$45.3M$68.9M$41.0M$62.0M$32.3M
Income Taxes Paid, Net$32.5M$41.4M$59.1M$49.4M$51.2M$67.3M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$105.7M$111.8M$131.4M$103.9M$153.6M$289.7M
Net cash from investing activities-$106.1M-$111.7M-$130.7M$296.8M-$138.5M-$1.0B
Payment for (Proceeds from) Other Investing Activity$376.0K-$88.0K—$18.0K$1.5M$3.5M
Divestiture of businesses, net of cash transferred$0.0$0.0—$391.1M-$5.3M$51.5M
Sales of and distributions from equity method investments$0.0$0.0—$9.6M$21.9M$17.3M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$81.7M$51.1M$0.0-$58.0M-$95.7M-$383.5M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$54.3M$26.2M$72.5M-$1.3M$13.5M-$14.2M
Net increase (decrease) in cash-$113.8M-$42.6M$0.0-$80.0M-$24.1M$697.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from revolving credit facility$0.0——$88.9M$224.7M$315.2M
Net cash from financing activities-$140.8M-$120.0M-$65.2M-$421.5M$43.1M$1.9B
Taxes paid for net share settlement$13.1M$3.9M$5.1M$37.4M$7.2M$7.0M
Payments Of Debt Issuance Costs$0.0$0.0$0.0$8.5M$559.0K$0.0
Payments of Ordinary Dividends$0.0$0.0$11.4M$11.4M$0.0$0.0
Proceeds from exercises of stock options and other stock issuances$4.8M$18.2M$2.1M$21.3M$8.8M$21.7M
Other, net-$236.0K-$264.0K-$229.0K$335.0K$220.0K$210.0K
Repayments of Long-Term Lines of Credit$0.0——$77.0M$174.3M$373.5M
Repayments of Senior Debt$132.4M$135.8M$51.0M$1.7B$8.6M$102.3M