Lumentum Holdings (LITE) FY2022 results: revenue $1.7 billion, down 1.7% on the year
Lumentum Holdings Inc. (LITE) reported revenue of $1.7 billion for fiscal 2022, the year ended 2 July 2022, down 1.7% on the year before. Net income was $199 million, down 49.9%, and diluted earnings per share $2.68. The figures are the company's own, from the 10-K it filed with the SEC on 21 August 2024.
Revenue
$1.7 billion
-1.7% on the year
FY2015FY2022
Operating margin
17.7%
30.2% a year earlier
FY2015FY2022
Net income
$199 million
-49.9% on the year
FY2015FY2022
Diluted EPS
$2.68
-47.1% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
459
739
524
-37.8%
Capital expenditure
91.2
84.8
86.0
+7.5%
Free cash flow
368
654
438
-43.7%
Free cash flow margin
21.5%
37.5%
26.1%
Cash from investing
-226
1.0
-988
Cash from financing
283
-263
329
Depreciation and amortisation
167
177
192
-5.6%
Share-based compensation
103
92.9
73.2
+11.0%
Buybacks
544
236
200
+130.5%
Dividends paid
n/a
0.0
0.0
Diluted shares, weighted
74m
78m
78m
-5.4%
Shares outstanding at period end
68m
73m
75m
-6.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,875
1,973
1,749
-5.0%
Short-term borrowings
410
n/a
n/a
Debt
2,411
1,532
1,539
+57.3%
Operating lease liabilities
48.8
47.6
57.6
+2.5%
Total liabilities and equity
4,162
3,552
3,293
+17.2%
Fixed assets
360
n/a
n/a
Goodwill
369
369
369
0.0%
Intangible assets
156
241
317
-35.4%
Investments
1,259
1,172
1,256
+7.4%
Cash and equivalents
1,290
774
298
+66.6%
Inventory
250
196
189
+27.3%
Other assets
478
799
864
-40.2%
Total assets
4,162
3,552
3,293
+17.2%
10-K for the year ended 2 July 2022, filed 21 August 2024: the filing.