Lumentum Holdings (LITE) FY2023 results: revenue $1.8 billion, up 3.2% on the year
Lumentum Holdings Inc. (LITE) reported revenue of $1.8 billion for fiscal 2023, the year ended 1 July 2023, up 3.2% on the year before. Net income was -$132 million, and diluted earnings per share $-1.93. The figures are the company's own, from the 10-K it filed with the SEC on 21 August 2024.
Revenue
$1.8 billion
+3.2% on the year
FY2016FY2023
Operating margin
-6.5%
17.7% a year earlier
FY2016FY2023
Net income
-$132 million
FY2016FY2023
Diluted EPS
-$1.93
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
180
459
739
-60.9%
Capital expenditure
128
91.2
84.8
+40.9%
Free cash flow
51.3
368
654
-86.1%
Free cash flow margin
2.9%
21.5%
37.5%
Cash from investing
-874
-226
1.0
Cash from financing
263
283
-263
-7.0%
Depreciation and amortisation
234
167
177
+40.2%
Share-based compensation
148
103
92.9
+43.9%
Buybacks
176
544
236
-67.7%
Dividends paid
n/a
n/a
0.0
Diluted shares, weighted
68m
74m
78m
-8.0%
Shares outstanding at period end
66m
68m
73m
-2.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,356
1,875
1,973
-27.7%
Redeemable equity
0.0
n/a
n/a
Short-term borrowings
n/a
410
n/a
Debt
2,812
2,411
1,532
+16.6%
Operating lease liabilities
47.7
48.8
47.6
-2.3%
Other liabilities
417
n/a
n/a
Total liabilities and equity
4,632
4,162
3,552
+11.3%
Fixed assets
490
360
n/a
+35.8%
Goodwill
695
369
369
+88.4%
Intangible assets
459
156
241
+194.9%
Investments
1,155
1,259
1,172
-8.3%
Cash and equivalents
859
1,290
774
-33.4%
Inventory
409
250
196
+63.4%
Other assets
566
478
799
+18.4%
Total assets
4,632
4,162
3,552
+11.3%
10-K for the year ended 1 July 2023, filed 21 August 2024: the filing.