Lumentum Holdings Inc. (LITE) [Rocket]

In millions, except per share items	Jul-01-23	Jul-02-22	Jul-03-21	Jun-27-20	Jun-29-19	Jun-30-18	Jul-01-17	Jul-02-16
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Outside the United States						1,132.9	853.4
OpComms	1,557.8	1,518.5	1,620.7	1,515.1	1,370.2	1,059.2	857.8	761.3
Lasers	209.2	194.1	122.1	163.5	195.1	188.5	143.8	141.7
Total revenues	1,767.0	1,712.6	1,742.8	1,678.6	1,565.3	1,247.7	1,001.6	903.0
Revenue growth [+]	3.2%	-1.7%	3.8%	7.2%	25.5%	24.6%	10.9%	7.9%
Outside the United States						32.8%
OpComms	2.6%	-6.3%	7.0%	10.6%	29.4%	23.5%	12.7%	9.7%
Lasers	7.8%	59.0%	-25.3%	-16.2%	3.5%	31.1%	1.5%	-0.9%
Cost of goods sold	84.4	62.9	61.7	53.8	46.5	812.4	683.5	618.9
Gross profit	1,682.6	1,649.7	1,681.1	1,624.8	1,518.8	435.3	318.1	284.1
Gross margin	95.2%	96.3%	96.5%	96.8%	97.0%	34.9%	31.8%	31.5%
Selling, general and administrative	348.8	265.7	241.4	235.2	200.3	128.2	110.2	117.3
Research and development	307.8	220.7	214.5	198.6	184.6	156.8	148.3	141.1
Other operating expenses	1,113.6	861.1	690.5	974.6	1,092.9	3.2		6.8
EBITDA [+]	19.0	383.8	626.1	408.3	198.5	224.3	120.6	73.5
EBITDA growth	-95.0%	-38.7%	53.3%	105.7%	-11.5%	86.0%	64.1%	87.5%
EBITDA margin	1.1%	22.4%	35.9%	24.3%	12.7%	18.0%	12.0%	8.1%
Depreciation	106.6	81.6	91.4	113.3	102.9	74.0	54.2	47.4
EBITA	-87.6	302.2	534.7	295.0	95.6	150.3	66.4	26.1
EBITA margin	-5.0%	17.6%	30.7%	17.6%	6.1%	12.0%	6.6%	2.9%
Amortization of intangibles				78.6	54.6	3.2	6.8	7.2
EBIT [+]	-87.6	302.2	534.7	216.4	41.0	147.1	59.6	18.9
EBIT growth	-129.0%	-43.5%	147.1%	427.8%	-72.1%	146.8%	215.3%	-260.2%
EBIT margin	-5.0%	17.6%	30.7%	12.9%	2.6%	11.8%	6.0%	2.1%
Non-recurring items [+]	28.1	-1.1	7.7	12.3	62.6	7.2	12.0	7.4
Asset impairment				4.3	30.7
Business exit costs								7.4
Interest expense, net [+]	-5.3	74.1	61.0	45.4	22.4	9.7	4.4
Interest expense	35.5	80.2	66.7	61.2	36.3	18.2	5.5
Interest income	40.8	6.1	5.7	15.8	13.9	8.5	1.1
Other income (expense), net [+]	37.2	42.1	62.9	54.4	13.8	-119.5	-103.0	-1.8
Unrealized gain/loss on derivatives					8.8	-0.8	-104.2	-0.6
Other	48.8	12.0	2.8	31.4	15.8	8.5	2.3	-1.2
Pre-tax income	-73.2	271.3	528.9	213.1	-30.2	10.7	-59.8	9.7
Income taxes	29.2	36.2	65.8	38.8	3.1	-118.7	42.7	0.4
Tax rate		13.3%	12.4%	18.2%				4.1%
Net income	-131.6	198.9	397.3	135.5	-37.9	129.4	-103.4	-3.2
Net margin	-7.4%	11.6%	22.8%	8.1%	-2.4%	10.4%	-10.3%	-0.4%

Basic EPS [+]	($1.93)	$2.79	$5.27	$1.79	($0.54)	$2.08	($1.71)	($0.05)
Growth	-169.0%	-47.0%	195.2%	-433.0%	-125.8%	-221.7%	3051.3%	-6.4%
Diluted EPS [+]	($1.93)	$2.68	$5.07	$1.75	($0.54)	$2.04	($1.71)	($0.05)
Growth	-171.9%	-47.1%	190.2%	-425.7%	-126.2%	-219.8%	3051.3%	-6.4%

Dividends per share [+]					$0.01	$0.01	$0.01	$0.01
Growth				-100.0%	-11.9%	-24.3%	75.5%

Shares outstanding (basic) [+]	68.3	71.2	75.4	75.9	70.7	62.3	60.6	59.1
Growth	-4.1%	-5.6%	-0.7%	7.4%	13.5%	2.8%	2.5%	0.5%
Shares outstanding (diluted) [+]	68.3	74.2	78.4	77.6	70.7	63.3	60.6	59.1
Growth	-8.0%	-5.4%	1.0%	9.8%	11.7%	4.5%	2.5%	0.5%

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