Viavi Solutions is headquartered in Milpitas, US

Viavi Solutions has offices in Milpitas, Commerce, Santa Rosa, Boulder and in 2 other locations

Milpitas, US (HQ)

430 N McCarthy Blvd

Fort Lauderdale, US

610 1 E Broward Blvd

Colorado Springs, US

150 9950 Federal Dr

Boulder, US

503 1113 Spruce St

Santa Rosa, US

1402 Mariner Way

Commerce, US

6141 Sheila St

Viavi Solutions's revenue was reported to be $196 m in Q3, 2017

USD

## Revenue (Q3, 2017) | 196 m |

## Gross profit (Q3, 2017) | 117 m |

## Gross profit margin (Q3, 2017), % | 60% |

## Net income (Q3, 2017) | 153.2 m |

## EBIT (Q3, 2017) | (15.2 m) |

## Market capitalization (20-Jul-2017) | 2.4 b |

## Closing share price (20-Jul-2017) | 11 |

## Cash (01-Apr-2017) | 964.2 m |

Viavi Solutions's current market capitalization is $2.4 b.

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 1.7 b | 1.7 b | 906.3 m |

## Revenue growth, % | (2%) | (47%) | |

## Cost of goods sold | 228.2 m | 225.7 m | 356.6 m |

## Gross profit | 1.5 b | 1.5 b | 549.7 m |

## Gross profit Margin, % | 87% | 87% | 61% |

## R&D expense | 166.4 m | ||

## General and administrative expense | 351.1 m | ||

## Operating expense total | 226 m | 220.6 m | 634 m |

## EBIT | (16.5 m) | (26 m) | (84.3 m) |

## EBIT margin, % | (1%) | (2%) | (9%) |

## Interest expense | 8.4 m | 8.6 m | 35.7 m |

## Interest income | 100 k | 2.2 m | 2.5 m |

## Pre tax profit | (24.8 m) | (32.4 m) | (45.9 m) |

## Income tax expense | 600 k | 7.7 m | 4.5 m |

## Net Income | (17.8 m) | (88.1 m) | (99.2 m) |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Revenue | 433.6 m | 437.1 m | 410.7 m | 229.7 m | 220.4 m | 210.8 m | 206.5 m | 196 m |

## Cost of goods sold | 224.3 m | 225.5 m | 215.5 m | 89.2 m | 89.1 m | 85.7 m | 81.8 m | 79 m |

## Gross profit | 209.3 m | 211.6 m | 195.2 m | 140.5 m | 131.3 m | 125.1 m | 124.7 m | 117 m |

## Gross profit Margin, % | 48% | 48% | 48% | 61% | 60% | 59% | 60% | 60% |

## R&D expense | 76.4 m | 79.2 m | 76.7 m | 44.3 m | 40 m | 36.1 m | 35.9 m | 34.1 m |

## General and administrative expense | 110.7 m | 114.8 m | 116.7 m | 94.9 m | 80.6 m | 75.4 m | 76.9 m | 76.2 m |

## Operating expense total | 187.1 m | 194 m | 193.4 m | 139.2 m | 120.6 m | 111.5 m | 127.5 m | 110.3 m |

## EBIT | 4.2 m | (8.2 m) | (22.3 m) | (2.9 m) | 7.2 m | 10.1 m | 6.7 m | (15.2 m) |

## EBIT margin, % | 1% | (2%) | (5%) | (1%) | 3% | 5% | 3% | (8%) |

## Interest expense | (8.3 m) | (8.5 m) | (8.6 m) | (8.8 m) | (9.1 m) | (9.2 m) | (9.4 m) | (10.7 m) |

## Interest income | 500 k | 400 k | 300 k | (1.1 m) | 800 k | 1.3 m | 3.8 m | 5 m |

## Pre tax profit | (3.6 m) | (16.3 m) | (30.6 m) | |||||

## Income tax expense | 6.1 m | 8.8 m | 800 k | 11.3 m | 5.7 m | 5.8 m | 4.3 m | |

## Net Income | (9.7 m) | (34.8 m) | (48 m) | (67 m) | (28.3 m) | 78 m | 127.2 m | 153.2 m |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 297.2 m | 347.9 m | 482.9 m |

## Accounts Receivable | 296.2 m | 302.5 m | 148.4 m |

## Inventories | 51.4 m | ||

## Current Assets | 1.4 b | 1.4 b | 1.2 b |

## PP&E | 288.8 m | 294.6 m | 133 m |

## Goodwill | 267 m | 261.1 m | 152.1 m |

## Total Assets | 2.4 b | 2.2 b | 1.7 b |

## Accounts Payable | 137.1 m | 121.1 m | 47 m |

## Total Debt | 588.3 m | ||

## Current Liabilities | 408.4 m | 375.5 m | 226.4 m |

## Additional Paid-in Capital | 70 b | 70 b | 70.1 b |

## Retained Earnings | (68.8 b) | (68.9 b) | (69.4 b) |

## Total Equity | 1.2 b | 689.3 m | |

## Debt to Equity Ratio | 0.9 x | ||

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

## Financial Leverage | 2 x | 2.4 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 311.1 m | 293.6 m | 299.2 m | 350 m | 437.1 m | 474.3 m | 505.7 m | 964.2 m |

## Accounts Receivable | 295.6 m | 317.4 m | 305.3 m | 157.2 m | 151.9 m | 165.8 m | 164.4 m | 142.6 m |

## Inventories | 155.2 m | 153.1 m | 155.8 m | 58.1 m | 52.5 m | 47.2 m | 47.2 m | 46.8 m |

## Current Assets | 1.4 b | 1.4 b | 1.4 b | 1.2 b | 1.2 b | 1.3 b | 1.3 b | 1.7 b |

## PP&E | 292 m | 285 m | 278.1 m | 142 m | 134.4 m | 137 m | 133.8 m | 134.6 m |

## Goodwill | 264.2 m | 261.3 m | 258.5 m | 247.1 m | 245.3 m | 151.7 m | 149.7 m | 150.7 m |

## Total Assets | 2.3 b | 2.3 b | 2.2 b | 1.8 b | 1.8 b | 1.8 b | 1.7 b | 2.1 b |

## Accounts Payable | 152.6 m | 128.9 m | 109.2 m | 46 m | 39.9 m | 37.1 m | 36 m | 34.7 m |

## Current Liabilities | 409.6 m | 402.7 m | 336 m | 282.9 m | 233.5 m | 243 m | 245 m | 247 m |

## Additional Paid-in Capital | 70 b | 70 b | 70 b | 70 b | 70.1 b | 70.1 b | 70.1 b | 70.2 b |

## Retained Earnings | (68.8 b) | (68.8 b) | (68.8 b) | (69.3 b) | (69.3 b) | (69.3 b) | (69.3 b) | (69.3 b) |

## Total Equity | 746.3 m | 837.4 m | 754.8 m | 709.4 m | 771.2 m | |||

## Financial Leverage | 2.4 x | 2.2 x | 2.3 x | 2.4 x | 2.8 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | (17.8 m) | (88.1 m) | (99.2 m) |

## Depreciation and Amortization | 72.5 m | 80.8 m | 38.1 m |

## Accounts Receivable | (9.6 m) | (13 m) | 23.4 m |

## Inventories | (3.2 m) | (6 m) | (2.6 m) |

## Accounts Payable | 25.9 m | (10.1 m) | (2.1 m) |

## Cash From Operating Activities | 176.6 m | 82.3 m | 52.9 m |

## Capital Expenditures | (99.8 m) | (101.5 m) | (35.5 m) |

## Cash From Investing Activities | (651.8 m) | (5.8 m) | 244.2 m |

## Cash From Financing Activities | 489.6 m | (7.3 m) | (147.7 m) |

## Interest Paid | 4.6 m | 6.5 m | 6.6 m |

## Income Taxes Paid | 18.7 m | 23.8 m | 31.8 m |

## Free Cash Flow | 276.4 m | 183.8 m | 17.4 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Net Income | (9.7 m) | (34.8 m) | (48 m) | (67 m) | (28.3 m) | 78 m | 127.2 m | 153.2 m |

## Depreciation and Amortization | 19.6 m | 40.2 m | 60.3 m | 13 m | 29.8 m | 7.9 m | 15.5 m | 22.2 m |

## Accounts Receivable | (500 k) | (23.7 m) | (14.3 m) | 21 m | 22.6 m | (17.2 m) | (21.2 m) | 3 m |

## Inventories | (3.2 m) | (2.4 m) | (6.7 m) | (4.5 m) | (2.2 m) | 3 m | (600 k) | (600 k) |

## Accounts Payable | 17.9 m | 1.1 m | (17.6 m) | (2.8 m) | (8.4 m) | (10.2 m) | (9.8 m) | (10.7 m) |

## Cash From Operating Activities | 40.8 m | 57.4 m | 34.5 m | (300 k) | 35 m | 10.3 m | 28.9 m | 46.2 m |

## Capital Expenditures | (26.5 m) | (50.4 m) | (68.7 m) | (14.2 m) | (26.6 m) | (11.6 m) | (20.1 m) | (30.4 m) |

## Cash From Investing Activities | (12 m) | (38.7 m) | 1.2 m | 110 m | 204.9 m | 1.6 m | 46.1 m | 74.9 m |

## Cash From Financing Activities | (9.4 m) | (10.7 m) | (13.8 m) | (101.5 m) | (143.9 m) | (22.4 m) | (36.1 m) | 369 m |

## Free Cash Flow | 14.3 m | 7 m | (34.2 m) | (14.5 m) | 8.4 m | (1.3 m) | 8.8 m | 15.8 m |

Y, 2017 | |
---|---|

## Financial Leverage | 2.8 x |

Viavi Solutions's Backlog was reported to be $234 m in FY, 2016

Source: 24 public H-1B filings from Viavi Solutions

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