Operating

Lumentum Holdings Inc.·Cash Flow Statement·21 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Net income	-$16.3M	-$82.4M	-$60.9M	-$44.1M	$126.5M	$4.2M	$78.2M	$144.2M
Depreciation	$25.9M	$27M	$25.9M	$25M	$33.4M	$27.8M	$30.6M	$32.8M
Change in accounts payable	—	$32.6M	-$6.9M	—	—	$28.8M	$24.3M	—
Change in accounts receivable	—	$3.8M	-$35.3M	—	—	$56.9M	—	—
Change in inventories	—	$6.5M	-$21.3M	—	—	$57.5M	$45.6M	—
Net cash from operating activities	—	$39.6M	$35.5M	—	—	$57.9M	$64M	—
Amortization and write-off of acquired intangibles	—	$43.6M	$71M	—	—	$34.4M	$34.7M	—
Amortization Of Debt Discount Premium	—	$700K	$800K	—	—	$800K	$700K	—
Gain (Loss) on Disposition of Other Assets	—	-$200K	-$1.4M	—	—	-$400K	—	—
Gain On Repurchase Of Convertible Notes	$0	$0	$0	$0	$0	$0	$0	—
Increase (Decrease) in Deferred Income Taxes	—	-$7.2M	-$115M	—	—	$1.9M	$235M	—
Accrued compensation and employee benefits	—	$5.9M	-$4M	—	—	$11.4M	$15.1M	—
Operating lease liabilities	—	$1M	-$4.7M	—	—	$1.7M	-$2.1M	—
Accrued liabilities	—	-$9.7M	-$20.3M	—	—	$24.8M	-$6.5M	—
Increase (Decrease) in Other Operating Assets	—	$16.6M	-$18.5M	—	—	$2.4M	$13.4M	—
Debt conversion inducement expense	—	$0	—	—	—	$5.9M	—	—
Lease impairment charges	—	$5.3M	$0	—	—	$0	$1.6M	—
Operating Lease, Right-Of-Use Asset Increase (Decrease)	—	$200K	-$3.9M	—	—	$2.6M	-$2.7M	—
Other Noncash Income (Expense)	—	$300K	$1.8M	—	—	$3M	—	—
Accounts Receivable, Credit Loss Expense (Reversal)	—	$0	-$200K	—	—	-$100K	—	—
Stock-based compensation	—	$35.6M	$30.5M	—	—	$42.4M	$40M	—