Lumentum Holdings (LITE) FY2018 results: revenue $1.2 billion, up 24.6% on the year
Lumentum Holdings Inc. (LITE) reported revenue of $1.2 billion for fiscal 2018, the year ended 30 June 2018, up 24.6% on the year before. Net income was $248 million, and diluted earnings per share $3.82. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2018.
Revenue
$1.2 billion
+24.6% on the year
FY2013FY2018
Operating margin
11.2%
4.8% a year earlier
FY2013FY2018
Net income
$248 million
FY2013FY2018
Diluted EPS
$3.82
FY2013FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,248
1,002
903
+24.6%
Cost of revenue
812
677
619
+20.0%
Gross profit
432
318
277
+35.8%
Gross margin
34.6%
31.8%
30.7%
Research and development
157
148
141
+5.7%
Selling, general and administrative
128
110
117
+16.3%
Operating income
140
47.6
11.5
+193.9%
Operating margin
11.2%
4.8%
1.3%
Interest expense
18.2
5.5
0.1
+230.9%
Pre-tax income
129
-59.8
9.7
Income tax
-119
42.7
0.4
Effective tax rate
-91.7%
n/a
4.1%
Net income
248
-102
9.3
Net margin
19.9%
-10.2%
1.0%
Diluted EPS
$3.82
-$1.71
-$0.05
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
248
85.0
86.6
+191.2%
Capital expenditure
93.2
138
82.0
-32.5%
Free cash flow
154
-53.1
4.6
Free cash flow margin
12.4%
-5.3%
0.5%
Cash from investing
-127
-426
-82.0
Cash from financing
3.8
457
136
-99.2%
Depreciation and amortisation
77.2
61.0
54.6
+26.6%
Share-based compensation
46.8
32.7
24.9
+43.1%
Buybacks
0.0
n/a
n/a
Dividends paid
0.7
0.9
0.5
-22.2%
Diluted shares, weighted
63m
61m
59m
+4.5%
Shares outstanding at period end
63m
61m
60m
+2.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
926
619
497
+49.7%
Redeemable equity
35.8
35.8
35.8
0.0%
Debt
457
457
0.0
-0.1%
Other liabilities
163
121
193
+34.6%
Total liabilities and equity
1,582
1,233
726
+28.3%
Fixed assets
307
274
183
+12.2%
Goodwill
11.3
11.4
5.4
-0.9%
Intangible assets
7.0
10.1
14.5
-30.7%
Investments
314
282
0.0
+11.3%
Cash and equivalents
397
273
157
+45.6%
Receivables
197
166
170
+18.5%
Inventory
174
145
101
+19.9%
Other assets
174
71.1
94.8
+144.2%
Total assets
1,582
1,233
726
+28.3%
10-K for the year ended 30 June 2018, filed 28 August 2018: the filing.