Lumentum market cap is $6.2 b, and annual revenue was $1.57 b in FY 2019

Lumentum Gross profit (Q1, 2020)167.7 M

Lumentum Gross profit margin (Q1, 2020), %37.3%

Lumentum Net income (Q1, 2020)47.6 M

Lumentum EBIT (Q1, 2020)59.8 M

Lumentum Cash, 28-Sept-2019539 M

Lumentum EV6.6 B

Lumentum revenue was $1.57 b in FY, 2019 which is a 25.5% year over year increase from the previous period.

Lumentum revenue breakdown by business segment: 12.5% from Lasers and 87.5% from Optical Communications

Lumentum revenue breakdown by geographic segment: 10.4% from EMEA, 22.7% from Other Asia-Pacific, 11.2% from Japan, 10.4% from South Korea, 13.7% from Mexico, 24.8% from Hong Kong, 6.4% from United States and 0.3% from Other

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 903.0m | 1.0b | 1.2b | 1.6b |

| 8% | 11% | 25% | 25% |

## Cost of goods sold | 625.7m | 683.5m | 815.6m | 1.1b |

## Gross profit | 277.3m | 318.1m | 432.1m | 425.9m |

| 31% | 32% | 35% | 27% |

## R&D expense | 141.1m | 148.3m | 156.8m | 184.6m |

## General and administrative expense | 117.3m | 110.2m | 128.2m | 200.3m |

## Operating expense total | 258.4m | 270.5m | 292.2m | 447.5m |

## EBIT | 11.5m | 47.6m | 139.9m | (21.6m) |

| 1% | 5% | 11% | (1%) |

## Interest expense | 100.0k | 5.5m | 18.2m | 36.3m |

## Interest income | 1.1m | 8.5m | ||

## Pre tax profit | 9.7m | (59.8m) | 129.4m | (33.3m) |

## Income tax expense | 400.0k | 42.7m | (118.7m) | 3.1m |

## Net Income | 9.3m | (102.5m) | 248.1m | (36.4m) |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 258.1m | 265.0m | 255.8m | 243.2m | 404.6m | 298.8m | 354.1m | 373.7m | 432.9m | 449.9m |

## Cost of goods sold | 174.7m | 176.3m | 172.0m | 173.9m | 232.7m | 201.0m | 227.3m | 244.5m | 316.5m | 282.2m |

## Gross profit | 83.4m | 88.7m | 83.8m | 69.3m | 171.9m | 97.8m | 126.8m | 129.2m | 116.4m | 167.7m |

| 32% | 33% | 33% | 28% | 42% | 33% | 36% | 35% | 27% | 37% |

## R&D expense | 36.9m | 38.7m | 37.3m | 36.3m | 43.8m | 38.2m | 34.6m | 42.8m | 57.7m | 49.9m |

## General and administrative expense | 25.1m | 31.0m | 28.1m | 26.6m | 35.7m | 33.2m | 33.0m | 62.7m | 55.2m | 56.7m |

## Operating expense total | 64.9m | 73.7m | 68.5m | 65.8m | 80.3m | 71.5m | 68.9m | 113.3m | 164.7m | 107.9m |

## EBIT | 16.8m | 13.3m | 13.6m | 2.7m | 90.8m | 25.5m | 57.1m | 11.5m | (76.4m) | 59.8m |

| 7% | 5% | 5% | 1% | 22% | 9% | 16% | 3% | (18%) | 13% |

## Interest expense | 200.0k | 1.4m | 3.4m | 3.2m | 2.1m | 2.4m | 4.7m | 6.1m | 11.4m | |

## Interest income | 200.0k | |||||||||

## Pre tax profit | (5.7m) | 17.9m | (44.4m) | 3.5m | 95.5m | 2.7m | 52.6m | 17.7m | (82.5m) | 53.4m |

## Income tax expense | (2.3m) | 6.1m | 11.6m | (3.6m) | (109.3m) | 5.2m | 1.4m | (8.2m) | 5.8m | |

## Net Income | (3.4m) | 11.8m | (56.0m) | 7.1m | 204.8m | 2.7m | 47.4m | 16.3m | (74.3m) | 47.6m |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 157.1m | 272.9m | 397.3m | 432.6m |

## Accounts Receivable | 170.5m | 166.3m | 197.1m | 238.0m |

## Prepaid Expenses | 33.7m | 12.3m | 19.5m | 97.5m |

## Inventories | 100.6m | 145.2m | 153.6m | 228.8m |

## Current Assets | 489.5m | 930.3m | 1.1b | 1.3b |

## PP&E | 183.4m | 273.5m | 306.9m | 433.3m |

## Goodwill | 5.4m | 11.4m | 11.3m | 368.9m |

## Total Assets | 726.3m | 1.2b | 1.6b | 2.7b |

## Accounts Payable | 118.3m | 114.8m | 126.5m | 160.8m |

## Short-term debt | 5.0m | |||

## Current Liabilities | 173.7m | 184.2m | 214.0m | 294.0m |

## Long-term debt | 317.5m | 334.2m | 835.9m | |

## Total Debt | 317.5m | 334.2m | 840.9m | |

## Total Liabilities | 193.1m | 578.3m | 619.6m | 1.2b |

## Common Stock | 100.0k | 100.0k | 100.0k | 100.0k |

## Preferred Stock | 35.8m | 35.8m | 35.8m | |

## Additional Paid-in Capital | 467.7m | 694.5m | 753.2m | 1.4b |

## Retained Earnings | 20.2m | (83.2m) | 166.4m | 129.1m |

## Total Equity | 533.2m | 654.6m | 961.9m | 1.5b |

## Debt to Equity Ratio | 0.5 x | 0.3 x | 0.6 x | |

## Debt to Assets Ratio | 0.3 x | 0.2 x | 0.3 x | |

## Financial Leverage | 1.4 x | 1.9 x | 1.6 x | 1.8 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | 9.3m | (102.5m) | 248.1m | (36.4m) |

## Depreciation and Amortization | 47.4m | 54.2m | 74.0m | 102.9m |

## Accounts Receivable | (21.8m) | 4.2m | (30.8m) | 27.7m |

## Inventories | (3.1m) | (41.7m) | (7.7m) | 40.6m |

## Accounts Payable | 28.9m | (16.9m) | 4.8m | (10.6m) |

## Cash From Operating Activities | 86.6m | 85.0m | 247.5m | 330.1m |

## Purchases of PP&E | (82.0m) | (138.1m) | (93.2m) | (166.0m) |

## Cash From Investing Activities | (82.0m) | (425.7m) | (127.0m) | (779.7m) |

## Long-term Borrowings | (6.4m) | (11.3m) | ||

## Dividends Paid | (500.0k) | (900.0k) | (700.0k) | (700.0k) |

## Cash From Financing Activities | 136.4m | 456.7m | 3.8m | 485.1m |

## Net Change in Cash | 142.6m | 115.8m | 124.4m | 35.3m |

## Interest Paid | 1.3m | 15.1m | ||

## Income Taxes Paid | 2.7m | 9.5m | 12.7m | 8.7m |

USD | Y, 2019 |
---|---|

## EV/EBIT | 109.9 x |

## EV/CFO | 75.1 x |

## Debt/Equity | 0.6 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | 1.8 x |