Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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Lumentum Holdings Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Operating Profit Margin since 2015
- Return on Equity (ROE) since 2015
- Debt to Equity since 2015
- Total Asset Turnover since 2015
- Aggregate Accruals
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Lumentum Holdings Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in thousands
Based on: 10-K (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-Q (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-K (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26).
The financial position of the entity is characterized by a significant expansion of total liabilities and a volatile equity structure, culminating in a major capital restructuring event in the final periods of the analyzed timeframe. Total liabilities grew from 1.57 billion USD in September 2020 to a peak of 4.05 billion USD by March 2026, before contracting to 2.66 billion USD in June 2026.
- Liability Structure and Debt Migration
- A notable shift in debt classification occurred between June 2025 and December 2025. Long-term debt, excluding the current portion, decreased precipitously from 2.56 billion USD to 47.1 million USD. Simultaneously, the current portion of long-term debt surged from 10.6 million USD in March 2025 to 3.24 billion USD by December 2025. This migration indicates that a substantial volume of long-term obligations matured or were reclassified as current liabilities, creating a significant short-term liquidity requirement.
- Operating Liabilities Trends
- Accounts payable exhibited a long-term upward trend, rising from 146 million USD in September 2020 to 567.4 million USD by June 2026. Similarly, accrued payroll and related expenses increased from 43.9 million USD at the start of the period to 146.3 million USD by the end, suggesting an increase in operational scale or rising labor-related costs.
- Equity Erosion and Retained Earnings
- The entity experienced a severe and sustained decline in retained earnings. Starting at a positive 131.7 million USD in September 2020, the account transitioned into an accumulated deficit by April 2022. This deficit widened consistently, reaching 1.07 billion USD by March 2025 and accelerating to a deficit of 7.79 billion USD by June 2026, reflecting significant cumulative net losses over the period.
- Capital Injection and Restructuring
- A massive increase in additional paid-in capital is observed in the final quarter. Between March 2026 and June 2026, additional paid-in capital rose from 3.6 billion USD to 12.43 billion USD. This surge effectively offset the accumulated deficit, driving stockholders' equity from 2.97 billion USD to 4.64 billion USD. This pattern is indicative of a substantial equity issuance or a comprehensive recapitalization event intended to fortify the balance sheet.
- Solvency and Financial Stability
- The balance sheet reveals a period of increasing financial fragility between 2022 and 2025, marked by rising total liabilities and shrinking equity. The stability of the entity was heavily dependent on long-term debt until the 2025 maturity spike. The eventual shift toward a much higher equity base in 2026 suggests a strategic pivot to reduce leverage and improve the solvency ratio following a period of significant operational losses.