OCLARO, INC. (OCLR) [Rocket]

In millions, except per share items	Jun-30-18	Jul-01-17	Jul-02-16	Jun-27-15	Jun-28-14	Jun-29-13	Jun-30-12	Jul-02-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
100 Gb/s transmission modules	422.7	458.0	228.6	119.3	78.6	42.2
40 Gb/s and lower transmission modules	120.5	143.0	179.3	212.6	282.4
40 Gb/s and 100 Gb/s transmission modules							67.6	33.5
10 Gb/s and lower transmission modules						236.0	126.7	59.8
Other				9.4	29.9	126.4		373.2
Total revenues	543.2	601.0	407.9	341.3	390.9	404.6	194.2	466.5
Revenue growth [+]	-9.6%	47.3%	19.5%	-12.7%	-3.4%	108.3%	-58.4%	18.8%
100 Gb/s transmission modules	-7.7%	100.3%	91.7%	51.8%	86.0%
40 Gb/s and lower transmission modules	-15.8%	-20.2%	-15.7%	-24.7%
40 Gb/s and 100 Gb/s transmission modules							101.7%
10 Gb/s and lower transmission modules						86.4%	111.8%
Cost of goods sold	340.3	365.7	291.5	284.5	338.4	376.5	165.5	342.9
Gross profit	202.9	235.2	116.4	56.7	52.4	28.2	28.7	123.6
Gross margin	37.4%	39.1%	28.5%	16.6%	13.4%	7.0%	14.8%	26.5%
Selling, general and administrative	64.5	58.5	53.5	56.3	70.9	78.6	49.5	62.8
Research and development	64.5	57.1	46.1	46.4	64.2	79.3	43.5	65.5
Other operating expenses	5.0	0.8	1.0	-0.4	18.4	-32.1	14.5	7.3
EBITDA [+]	99.1	140.4	32.6	-26.9	-74.7	-55.4	-56.6	6.2
EBITDA growth	-29.4%	330.2%	-221.2%	-63.9%	34.8%	-2.0%	-1008.3%	-61.8%
EBITDA margin	18.2%	23.4%	8.0%	-7.9%	-19.1%	-13.7%	-29.1%	1.3%
Depreciation and amortization	29.5	20.8	15.8	17.5	24.7	37.1	19.6	15.3
EBITA	69.6	119.6	16.9	-44.4	-99.4	-92.6	-76.1	-9.1
EBITA margin	12.8%	19.9%	4.1%	-13.0%	-25.4%	-22.9%	-39.2%	-1.9%
Amortization of intangibles	0.7	0.8	1.0	1.1	1.7	5.0	2.7	2.8
EBIT [+]	68.9	118.8	15.9	-45.5	-101.1	-97.6	-78.9	-11.9
EBIT growth	-42.0%	648.6%	-134.9%	-54.9%	3.6%	23.8%	562.8%	-364.3%
EBIT margin	12.7%	19.8%	3.9%	-13.3%	-25.9%	-24.1%	-40.6%	-2.6%
Non-recurring items [+]	1.6	-0.1	0.0	-0.1	1.2	27.2	-11.2	21.7
Asset impairment					0.6	27.0		20.0
Loss (gain) on sale of assets	1.6	-0.1	0.0	-0.1	0.7	0.2	-11.2	0.0
Legal settlement								1.7
Interest expense, net [+]	-0.9	13.3	5.0	2.1	9.2	3.3	1.1	2.0
Interest expense		13.3	5.0	2.1	9.2	3.3	1.1	2.0
Interest income	0.9
Other income (expense), net [+]	6.6	-2.8	-1.4	-0.4	0.1	7.8	6.8	-9.2
Gain (loss) on foreign currency transactions	3.3	-3.7	-2.4	-2.1	-1.2	-14.5	4.6	-9.2
Gain (loss) on acquisitions / transactions						24.9
Other	3.3	0.8	0.9	1.8	1.2	-2.5	2.2	-11.2
Pre-tax income	74.8	102.8	9.4	-47.9	-111.5	-120.3	-62.0	-44.8
Income taxes	12.4	-25.0	0.8	0.3	-9.4	0.0	2.0	1.6
Tax rate	16.6%		9.0%		8.4%
Net income	62.5	127.9	8.6	-56.7	17.8	-122.7	-66.5	-46.4
Net margin	11.5%	21.3%	2.1%	-16.6%	4.6%	-30.3%	-34.2%	-10.0%

Basic EPS [+]	$0.37	$0.81	$0.08	($0.45)	($1.03)	($1.37)	($1.27)	($0.96)
Growth	-54.4%	942.4%	-117.4%	-56.8%	-24.7%	7.9%	32.5%	-452.5%
Diluted EPS [+]	$0.36	$0.77	$0.08	($0.45)	($1.03)	($1.37)	($1.27)	($0.96)
Growth	-53.1%	922.4%	-117.0%	-56.8%	-24.7%	7.9%	32.5%	-469.5%

Shares outstanding (basic) [+]	169.3	158.1	110.6	108.1	99.0	87.8	50.4	48.4
Growth	7.1%	43.0%	2.3%	9.3%	12.8%	74.2%	4.0%	20.1%
Shares outstanding (diluted) [+]	171.7	165.0	113.2	108.1	99.0	87.8	50.4	48.4
Growth	4.1%	45.8%	4.7%	9.3%	12.8%	74.2%	4.0%	14.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.