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Lumentum Holdings Inc. logo

Lumentum Holdings Inc. Cash Flow Statement

Operating, investing, and financing cash movements

Lumentum Holdings Inc. generated $452.4M in operating cash flow over the trailing twelve months. After $338.4M in capital expenditures, free cash flow was $103.9M. Free cash flow increased 1.7% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$452.4MNet Cash From Investing (TTM)-$540.5MNet Cash From Financing (TTM)$309.2MCapital Expenditures (TTM)$338.4MNet Change In Cash (TTM)-$384.1M
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$69.2B
P/E Ratio157.33
ROE22.83%

Operating

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Other non-cash income (expense)$8.3M——$3M$3.2M$2.9M
Gain on sale of property, plant, and equipment-$600K$34.9M$800K——$0
Other non-cash income (expense)$8.3M——$3M$3.2M$2.9M
Change in accounts payable$6.1M$6.2M$24.3M$28.8M$51.1M$29.5M
Change in accounts receivable$28.4M$32.2M$0$56.9M$69.8M$64.8M
Change in inventories$0$20.7M$45.6M$57.5M$45M$62.7M
Benefit from Receivables$0$3.4M$0-$100K——
Other Non-Cash Income (Expense)$8.3M——$3M$3.2M$2.9M
Other Non-cash Income (Expense)$8.3M——$3M$3.2M$2.9M
Other Non-cash Income (Expense)$8.3M——$3M$3.2M$2.9M
Net cash from operating activities$24.3M$0$64M$57.9M$126.7M$203.8M
Net income-$60.9M-$44.1M$213.3M$4.2M$78.2M$144.2M
Other non-cash income (expense)$8.3M——$3M$3.2M$2.9M
Amortization and write-off of acquired intangibles$39M$35.1M$34.7M$34.4M$34M$33.8M
Amortization Of Debt Discount Premium$800K$800K$700K$800K$1.1M$1.1M
Depreciation$25.9M$25M$26.4M$27.8M$30.6M$32.8M
Gain (Loss) on Disposition of Other Assets-$600K-$4.4M$0-$400K-$11.6M-$1.4M
Gain On Repurchase Of Convertible Notes$0$0$0———
Increase (Decrease) in Deferred Income Taxes-$21.3M$11.7M$235M$1.9M-$3.4M-$16.4M
Accrued compensation and employee benefits$0$2.9M$15.1M$11.4M$16M$24.4M
Operating lease liabilities-$4.4M-$200K-$2.1M$1.7M—-$3.5M
Accrued liabilities-$10.2M—-$6.5M$24.8M—$6.4M
Increase (Decrease) in Other Operating Assets$0$6.7M$13.4M$2.4M$25M—
Debt conversion inducement expense$0$0—$5.9M——
Lease impairment charges$200K$700K$1.6M$0$0$0
Operating Lease, Right-Of-Use Asset Increase (Decrease)-$2.6M$0-$2.7M$2.6M—-$2.6M
Other Noncash Income (Expense)$8.3M——$3M$3.2M$2.9M
Accounts Receivable, Credit Loss Expense (Reversal)$0$3.4M$0-$100K——
Other Non-cash Income and Expense$8.3M——$3M$3.2M$2.9M
Other Non-Cash Adjustments$8.3M——$3M$3.2M$2.9M
Other Non-Cash Income and Expense$8.3M——$3M$3.2M$2.9M
Stock-based compensation$38.8M$62.8M$40M$42.4M$45.4M$41.6M

Financing

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Payment for contingent consideration liability (financing)———$0$0$0
Payments for derivative instruments, financing$0$0—$102M——
Proceeds from convertible debt$0$0$0$1.3B——
Payment for Contingent Consideration (Financing)———$0$0$0
Repayments of Convertible Debt$0$0—$843.1M——
Payment For Repurchase And Conversion Of Notes$0$0$0———
Proceeds from issuances of debt———$0$47.9M—
Issuance of stock under employee stock plans—$200K$7.8M——$500K
Repayments of Convertible Debt$0$0—$843.1M——
Repayments of Secured Debt$2.5M$2.5M$2.7M$2.6M$2.5M$4.1M
Payment of Deferred Purchase Consideration———$0$0$0
Payments for Derivative Financing Activities$0$0—$102M——
Net cash from financing activities———$262.1M—$1.9B
Taxes paid for net share settlement$7.8M$12.5M$5.4M$47.4M$60M$56.8M
Payments for Derivative Instrument Financing Activities$0$0—$102M——

Investing

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Capital expenditures$40.2M$62.8M$53.9M$76.2M$83.6M$124.7M
Payments to Acquire Short-Term Investments$126.5M$89.8M$85.7M$58.3M$199.2M$121.7M
Proceeds from maturities of short-term investments$136M$157.8M$80.2M$66.7M$51.3M$63M
Proceeds from the sales of property, plant and equipment—$100K—$0$100K$39.5M
Proceeds From Sale Of Property Held For Sale$12M$12M$12M———
Net cash from investing activities-$30.7M—-$59.4M-$67.8M-$231.4M-$181.9M

Free Cash Flow

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Free cash flow-$15.9M-$64.4M$0-$18.3M$43.1M$79.1M

Supplemental

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Interest paid$9.4M$200K$9.4M$100K$10.2M$2.5M
ROU Asset Obtained for Lease Liability—$2.7M—$5.2M$1.6M—
Income Taxes Paid, Net-$2.7M$17.4M—$3.2M$14.7M$23.2M

Other

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Contingent consideration (receivable) payable - financing activities———$0$0$0
Net increase (decrease) in cash—$36.7M$4.3M$252.2M—$2B
Net transfer of assets from property, plant, and equipment to assets held-for-sale—-$13.9M————
Leased assets obtained in exchange for operating lease liabilities—$2.7M—$5.2M$1.6M—