Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Cash Flow Statement
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2015
- Return on Equity (ROE) since 2015
- Price to Earnings (P/E) since 2015
- Price to Book Value (P/BV) since 2015
- Analysis of Revenues
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Lumentum Holdings Inc., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27).
The statement of comprehensive income exhibits significant fluctuations over the observed period. Net income demonstrates a substantial increase from 2020 to 2021, followed by a decline in 2022, and culminating in substantial losses in both 2023 and 2024 before a projected recovery in 2025. Other comprehensive income components contribute varying, though generally smaller, amounts to the overall comprehensive income.
- Net Income Trend
- Net income increased markedly from US$135.5 million in 2020 to US$397.3 million in 2021. This positive trend reversed in 2022, with net income decreasing to US$198.9 million. A significant loss of US$131.6 million was recorded in 2023, which worsened considerably in 2024 to a loss of US$546.5 million. A return to profitability is projected for 2025, with net income expected to reach US$25.9 million.
- Comprehensive Income
- Comprehensive income mirrors the trend in net income, increasing from US$136.3 million in 2020 to US$397.6 million in 2021, decreasing to US$191.1 million in 2022, and then experiencing substantial losses in 2023 and 2024, reaching -US$127.9 million and -US$541.3 million respectively. A projected recovery to US$25.6 million is anticipated in 2025.
- Other Comprehensive Income Components
- The net change in cumulative translation adjustment remained negligible until 2023, when it registered a gain of US$700 thousand, followed by a loss of US$600 thousand in 2024 and a gain of US$100 thousand in 2025. The net change in unrealized gain on available-for-sale securities fluctuated, with gains in 2020 and 2023/2024, and losses in 2021 and 2022. The net change in defined benefit obligations also exhibited variability, with gains in 2020 and 2021/2024, and losses in 2022 and 2025. Overall, other comprehensive income (loss), net of tax, was relatively small compared to net income, but contributed to the overall comprehensive income trend.
The substantial losses in 2023 and 2024, coupled with the projected recovery in 2025, suggest a period of significant operational or market challenges followed by anticipated improvement. The fluctuations in other comprehensive income components, while smaller in magnitude, add complexity to the overall financial picture.