Lumentum Holdings (LITE) FY2017 results: revenue $1.0 billion, up 10.9% on the year
Lumentum Holdings Inc. (LITE) reported revenue of $1.0 billion for fiscal 2017, the year ended 1 July 2017, up 10.9% on the year before. Net income was -$102 million, and diluted earnings per share $-1.71. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2018.
Revenue
$1.0 billion
+10.9% on the year
FY2013FY2017
Operating margin
4.8%
1.3% a year earlier
FY2013FY2017
Net income
-$102 million
FY2013FY2017
Diluted EPS
-$1.71
FY2013FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,002
903
837
+10.9%
Cost of revenue
677
619
572
+9.4%
Gross profit
318
277
258
+14.7%
Gross margin
31.8%
30.7%
30.8%
Research and development
148
141
141
+5.1%
Selling, general and administrative
110
117
129
-6.1%
Operating income
47.6
11.5
-23.4
+313.9%
Operating margin
4.8%
1.3%
-2.8%
Interest expense
5.5
0.1
0.7
+5,400.0%
Pre-tax income
-59.8
9.7
-24.5
Income tax
42.7
0.4
-21.1
+10,575.0%
Effective tax rate
n/a
4.1%
n/a
Net income
-102
9.3
-3.4
Net margin
-10.2%
1.0%
-0.4%
Diluted EPS
-$1.71
-$0.05
-$0.06
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
85.0
86.6
9.4
-1.8%
Capital expenditure
138
82.0
53.7
+68.4%
Free cash flow
-53.1
4.6
-44.3
Free cash flow margin
-5.3%
0.5%
-5.3%
Cash from investing
-426
-82.0
-53.5
Cash from financing
457
136
40.6
+234.8%
Depreciation and amortisation
61.0
54.6
51.0
+11.7%
Share-based compensation
32.7
24.9
18.2
+31.3%
Dividends paid
0.9
0.5
0.0
+80.0%
Diluted shares, weighted
61m
59m
59m
+2.5%
Shares outstanding at period end
61m
60m
0
+3.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
619
497
381
+24.4%
Redeemable equity
35.8
35.8
0.0
0.0%
Debt
457
0.0
n/a
Other liabilities
121
193
132
-37.3%
Total liabilities and equity
1,233
726
513
+69.8%
Fixed assets
274
183
143
+49.1%
Goodwill
11.4
5.4
5.6
+111.1%
Intangible assets
10.1
14.5
21.8
-30.3%
Investments
282
0.0
n/a
Cash and equivalents
273
157
14.5
+73.7%
Receivables
166
170
150
-2.5%
Inventory
145
101
99.7
+44.3%
Other assets
71.1
94.8
77.3
-25.0%
Total assets
1,233
726
513
+69.8%
10-K for the year ended 1 July 2017, filed 28 August 2018: the filing.