Viavi Solutions (VIAV) Financials

$8.88 -0.47 (-4.98%)

As of 11:40 AM Eastern

Annual Income Statements for Viavi Solutions

This table shows Viavi Solutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/27/2015	7/2/2016	7/1/2017	6/30/2018	6/29/2019	6/27/2020	7/3/2021	7/2/2022	7/1/2023	6/29/2024
Net Income / (Loss) Attributable to Common Shareholders	-88	-99	160	-49	5.40	49	68	16	26	-26
Consolidated Net Income / (Loss)	-88	-99	160	-49	5.40	49	68	16	26	-26
Net Income / (Loss) Continuing Operations	-131	-50	159	-49	7.80	49	68	16	26	-26
Total Pre-Tax Income	-105	-46	180	-36	39	114	131	65	61	12
Total Operating Income	-76	-84	7.00	1.90	67	118	142	185	82	21
Total Gross Profit	520	550	479	488	651	665	714	774	639	576
Total Revenue	874	906	805	876	1,130	1,136	1,199	1,292	1,106	1,000
Operating Revenue	874	906	805	876	1,130	1,136	1,199	1,292	1,106	1,000
Total Cost of Revenue	354	357	326	387	479	471	485	519	467	425
Operating Cost of Revenue	354	357	326	387	479	471	485	519	467	425
Total Operating Expenses	596	634	472	487	584	547	572	589	556	555
Selling, General & Admin Expense	376	351	300	324	344	315	338	366	329	333
Research & Development Expense	173	166	136	133	187	194	203	213	207	202
Amortization Expense	20	15	14	21	38	35	33	9.70	8.70	6.30
Restructuring Charge	27	11	22	8.30	15	3.50	-1.60	-0.10	12	14
Total Other Income / (Expense), net	-30	38	173	-38	-28	-3.80	-11	-120	-22	-9.20
Interest Expense	33	36	43	47	34	13	15	23	27	31
Other Income / (Expense), net	3.70	2.50	13	9.70	6.20	9.60	3.30	-97	5.40	22
Income Tax Expense	26	4.50	21	13	32	65	63	50	35	37
Basic Earnings per Share	($0.38)	($0.42)	$0.70	($0.21)	$0.02	$0.21	$0.30	$0.07	$0.11	($0.12)
Weighted Average Basic Shares Outstanding	232.70M	234M	229.90M	227.10M	228.10M	229.40M	228.70M	230.90M	224.60M	222.60M
Diluted Earnings per Share	($0.38)	($0.42)	$0.68	($0.21)	$0.02	$0.21	$0.29	$0.07	$0.11	($0.12)
Weighted Average Diluted Shares Outstanding	232.70M	234M	234.50M	227.10M	231.20M	234.80M	236.30M	238.20M	226.60M	222.60M
Weighted Average Basic & Diluted Shares Outstanding	232.70M	236.20M	228.60M	230M	228.85M	228.32M	228.47M	226.26M	221.50M	221.91M

This table shows Viavi Solutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	7/2/2022	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	17	33	8.40	-15	-0.10	9.80	11	-25	-22	-1.80	9.10
Consolidated Net Income / (Loss)	17	33	8.40	-15	-0.10	9.80	11	-25	-22	-1.80	9.10
Net Income / (Loss) Continuing Operations	17	33	8.40	-15	-0.10	9.80	11	-25	-22	-1.80	9.10
Total Pre-Tax Income	41	45	19	-9.40	6.40	18	18	-16	-9.50	7.20	19
Total Operating Income	48	50	23	-2.10	12	16	22	-12	-5.70	12	22
Total Gross Profit	201	185	167	141	146	144	148	138	146	136	161
Total Revenue	335	310	285	248	264	248	255	246	252	238	271
Operating Revenue	335	310	285	248	264	248	255	246	252	238	271
Total Cost of Revenue	134	125	118	107	118	104	107	108	106	102	110
Operating Cost of Revenue	134	125	118	107	118	104	107	108	106	102	110
Total Operating Expenses	153	135	144	143	134	128	126	150	151	125	139
Selling, General & Admin Expense	97	80	90	80	79	77	75	98	83	74	84
Research & Development Expense	54	53	52	51	52	50	50	50	53	49	52
Amortization Expense	2.20	2.20	2.20	2.10	2.20	2.10	1.40	1.50	1.30	1.10	1.00
Restructuring Charge	-	0.00	0.00	10	1.90	-0.80	-0.10	0.10	14	0.00	1.20
Total Other Income / (Expense), net	-7.20	-5.00	-4.00	-7.30	-5.40	2.40	-4.10	-3.70	-3.80	-4.30	-3.60
Interest Expense	6.20	6.10	6.20	6.70	8.10	7.80	7.90	7.70	7.50	7.50	7.50
Other Income / (Expense), net	-1.00	1.10	2.20	-0.60	2.70	10	3.80	4.00	3.70	3.20	3.90
Income Tax Expense	24	12	11	6.00	6.50	8.60	7.60	9.00	12	9.00	9.50
Basic Earnings per Share	$0.08	$0.14	$0.04	($0.07)	-	$0.04	$0.05	($0.11)	($0.10)	($0.01)	$0.04
Weighted Average Basic Shares Outstanding	230.90M	226.30M	225.90M	224.10M	224.60M	222M	222.50M	223M	222.60M	222M	222M
Diluted Earnings per Share	$0.09	$0.14	$0.04	($0.07)	-	$0.04	$0.05	($0.11)	($0.10)	($0.01)	$0.04
Weighted Average Diluted Shares Outstanding	238.20M	230.40M	227.10M	224.10M	226.60M	224.20M	223.50M	223M	222.60M	222M	224.80M
Weighted Average Basic & Diluted Shares Outstanding	226.26M	226.36M	224.78M	222.45M	221.50M	222.39M	222.57M	223.24M	221.91M	221.81M	222.14M

This table details how cash moves in and out of Viavi Solutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/27/2015	7/2/2016	7/1/2017	6/30/2018	6/29/2019	6/27/2020	7/3/2021	7/2/2022	7/1/2023	6/29/2024
Net Change in Cash & Equivalents	51	135	521	-398	-94	17	161	-136	-57	-34
Net Cash From Operating Activities	82	64	94	66	139	136	243	178	114	116
Net Cash From Continuing Operating Activities	82	64	94	66	139	136	243	178	114	116
Net Income / (Loss) Continuing Operations	-88	-99	160	-49	5.40	49	68	16	26	-26
Consolidated Net Income / (Loss)	-88	-99	160	-49	5.40	49	68	16	26	-26
Depreciation Expense	81	38	29	36	40	40	36	36	36	39
Amortization Expense	90	62	64	84	23	1.90	69	2.80	4.20	7.50
Non-Cash Adjustments To Reconcile Net Income	75	67	-158	40	118	118	51	198	98	89
Changes in Operating Assets and Liabilities, net	-75	-4.10	-0.70	-45	-47	-74	20	-74	-50	7.50
Net Cash From Investing Activities	-5.80	244	114	-287	81	-30	-49	-71	-127	-22
Net Cash From Continuing Investing Activities	-5.80	244	114	-287	81	-30	-49	-71	-127	-22
Purchase of Property, Plant & Equipment	-102	-36	-39	-43	-45	-32	-52	-73	-51	-20
Acquisitions	0.00	-0.90	0.00	-510	-47	-2.50	-0.70	-8.30	-68	0.00
Purchase of Investments	-563	-422	-679	-383	-	-	0.00	0.00	-13	-225
Sale of Property, Plant & Equipment	6.20	6.00	5.90	5.80	5.40	4.60	4.10	9.80	5.10	3.40
Sale and/or Maturity of Investments	646	683	826	643	167	-	-	0.00	0.00	220
Net Cash From Financing Activities	-7.30	-159	311	-181	-300	-72	-59	-210	-50	-126
Net Cash From Continuing Financing Activities	-7.30	-159	311	-181	-300	-72	-59	-210	-50	-126
Repayment of Debt	-23	-5.90	-55	-355	-277	-1.60	-0.10	-161	-72	-96
Repurchase of Common Equity	-4.80	-45	-92	-41	-11	-44	-42	-236	-84	-20
Issuance of Debt	0.00	0.00	460	225	-	0.00	0.00	550	118	0.00
Issuance of Common Equity	21	4.50	12	4.90	5.40	5.50	6.60	7.80	7.90	6.30
Other Financing Activities, net	0.00	-113	-14	-15	-17	-31	-23	-372	-20	-16
Other Net Changes in Cash	-	-	-	-	-13	-17	-	-32	5.80	-2.90
Cash Interest Paid	6.50	6.60	6.70	11	12	11	12	18	22	24
Cash Income Taxes Paid	24	32	23	24	30	51	37	77	48	31

This table details how cash moves in and out of Viavi Solutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	7/2/2022	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Net Change in Cash & Equivalents	-29	-48	-28	96	-78	12	25	-90	19	-3.70	18
Net Cash From Operating Activities	74	27	46	18	24	50	20	20	26	14	45
Net Cash From Continuing Operating Activities	74	27	46	18	24	50	20	20	26	14	45
Net Income / (Loss) Continuing Operations	17	33	8.40	-15	-0.10	9.80	11	-25	-22	-1.80	9.10
Consolidated Net Income / (Loss)	17	33	8.40	-15	-0.10	9.80	11	-25	-22	-1.80	9.10
Depreciation Expense	5.60	8.50	8.60	9.30	9.80	9.80	9.70	9.60	9.50	9.70	9.80
Amortization Expense	0.60	0.60	0.60	26	-23	1.90	12	1.80	1.90	6.20	-2.60
Non-Cash Adjustments To Reconcile Net Income	28	16	24	9.40	49	16	8.90	17	36	13	21
Changes in Operating Assets and Liabilities, net	23	-31	5.10	-12	-12	13	-21	15	0.80	-13	7.80
Net Cash From Investing Activities	-20	-30	-66	-9.40	-22	-13	-7.70	-6.90	5.60	-12	-4.30
Net Cash From Continuing Investing Activities	-20	-30	-66	-9.40	-22	-13	-7.70	-6.90	5.60	-12	-4.30
Purchase of Property, Plant & Equipment	-19	-15	-18	-11	-7.40	-6.70	-5.80	-3.20	-3.80	-7.30	-8.20
Purchase of Investments	-	0.00	-	-	-13	-52	-63	-73	-37	-43	-42
Sale of Property, Plant & Equipment	6.40	0.60	1.80	1.10	1.60	0.60	1.30	0.70	0.80	3.50	0.80
Sale and/or Maturity of Investments	-	0.00	-	-	-	46	60	69	45	39	45
Net Cash From Financing Activities	-59	-27	-26	82	-79	-16	-2.20	-97	-10	-21	-0.90
Net Cash From Continuing Financing Activities	-59	-27	-26	82	-79	-16	-2.20	-97	-10	-21	-0.90
Other Financing Activities, net	-354	-12	-0.70	-6.30	-0.90	-9.10	-2.20	-3.90	-0.40	-7.30	-1.10

This table presents Viavi Solutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/27/2015	7/2/2016	7/1/2017	6/30/2018	6/29/2019	6/27/2020	7/3/2021	7/2/2022	7/1/2023	6/29/2024
Total Assets	2,218	1,678	2,111	2,027	1,815	1,776	1,961	1,828	1,851	1,736
Total Current Assets	1,380	1,212	1,667	1,155	917	914	1,112	1,005	945	877
Cash & Equivalents	335	483	1,004	611	522	539	698	560	507	471
Restricted Cash	26	12	11	7.30	3.50	3.50	4.30	3.60	4.50	5.00
Short-Term Investments	465	485	432	169	1.50	1.50	1.60	1.40	15	20
Accounts Receivable	152	148	120	219	238	236	257	261	231	213
Inventories, net	54	51	48	92	103	83	95	110	116	97
Prepaid Expenses	38	32	51	56	50	51	57	69	72	71
Plant, Property, & Equipment, net	149	133	137	171	180	173	196	229	243	228
Total Noncurrent Assets	689	333	307	701	718	690	653	594	663	632
Goodwill	256	152	152	336	381	381	397	388	455	453
Intangible Assets	91	60	31	235	212	148	88	54	59	38
Noncurrent Deferred & Refundable Income Taxes	117	109	110	114	108	105	109	86	87	83
Other Noncurrent Operating Assets	21	13	14	15	17	55	60	66	62	58
Total Liabilities & Shareholders' Equity	2,218	1,678	2,111	2,027	1,815	1,776	1,961	1,828	1,851	1,736
Total Liabilities	1,116	989	1,324	1,292	1,089	1,065	1,198	1,156	1,160	1,055
Total Current Liabilities	376	226	229	553	284	233	747	369	344	247
Accounts Payable	42	47	33	56	63	53	63	58	47	50
Accrued Expenses	24	25	31	30	34	23	25	29	21	25
Current Deferred Revenue	81	79	60	61	55	55	70	81	79	66
Current Employee Benefit Liabilities	53	45	44	53	59	51	76	76	51	48
Other Current Liabilities	47	31	61	79	72	48	57	56	50	58
Total Noncurrent Liabilities	741	762	1,095	739	805	832	450	787	816	808
Long-Term Debt	562	583	931	558	579	601	224	617	630	636
Other Noncurrent Operating Liabilities	168	179	164	181	227	231	226	170	187	172
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,101	689	786	735	726	711	764	672	691	682
Total Preferred & Common Equity	1,101	689	786	735	726	711	764	672	691	682
Preferred Stock	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Total Common Equity	1,101	689	786	735	726	711	764	672	691	682
Common Stock	70,023	70,060	70,185	70,216	70,245	70,275	70,183	70,370	70,428	70,472
Retained Earnings	-68,874	-69,381	-69,306	-69,379	-69,385	-69,397	-69,322	-69,542	-69,601	-69,647
Accumulated Other Comprehensive Income / (Loss)	-48	10	-92	-103	-135	-166	-97	-156	-136	-144

This table presents Viavi Solutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	4/2/2022	10/1/2022	12/31/2022	4/1/2023	9/30/2023	12/30/2023	3/30/2024	9/28/2024	12/28/2024
Total Assets	1,878	1,765	1,828	1,917	1,802	1,856	1,744	1,738	1,725
Total Current Assets	1,044	951	912	1,003	916	965	868	864	880
Cash & Equivalents	590	513	484	581	521	544	454	468	488
Restricted Cash	4.60	3.20	4.20	4.50	3.40	3.10	3.50	4.80	3.40
Short-Term Investments	1.60	1.30	1.40	1.50	21	25	28	25	21
Accounts Receivable	269	246	224	220	191	209	212	203	213
Inventories, net	114	111	120	126	114	115	103	93	93
Prepaid Expenses	65	77	78	70	67	70	66	70	62
Plant, Property, & Equipment, net	221	232	245	247	239	237	232	231	226
Total Noncurrent Assets	613	583	671	667	647	654	645	643	619
Goodwill	389	388	449	452	450	455	453	461	451
Intangible Assets	58	49	72	64	53	48	43	34	29
Noncurrent Deferred & Refundable Income Taxes	102	83	88	90	86	90	88	86	81
Other Noncurrent Operating Assets	64	63	62	62	59	61	60	62	58
Total Liabilities & Shareholders' Equity	1,878	1,765	1,828	1,917	1,802	1,856	1,744	1,738	1,725
Total Liabilities	1,168	1,117	1,140	1,235	1,127	1,128	1,039	1,036	1,042
Total Current Liabilities	260	333	329	413	311	312	228	233	248
Accounts Payable	58	62	50	44	40	44	43	47	56
Accrued Expenses	30	27	29	28	26	22	36	24	27
Current Deferred Revenue	78	71	75	76	67	61	61	64	58
Current Employee Benefit Liabilities	58	49	54	41	41	47	42	44	58
Other Current Liabilities	35	57	52	60	41	43	46	54	49
Total Noncurrent Liabilities	908	784	812	823	816	816	811	803	794
Long-Term Debt	706	617	617	628	631	633	634	638	639
Other Noncurrent Operating Liabilities	202	167	194	195	185	183	177	165	155
Commitments & Contingencies	-	-	-	-	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	710	648	688	682	675	728	705	702	683
Total Preferred & Common Equity	710	648	688	682	675	728	705	702	683
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	710	648	688	682	675	728	705	702	683
Common Stock	70,361	70,376	70,389	70,416	70,433	70,445	70,459	70,480	70,493
Retained Earnings	-69,530	-69,528	-69,545	-69,591	-69,601	-69,590	-69,615	-69,665	-69,656
Accumulated Other Comprehensive Income / (Loss)	-121	-199	-156	-143	-157	-127	-139	-114	-155

This table displays calculated financial ratios and metrics derived from Viavi Solutions' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/27/2015	7/2/2016	7/1/2017	6/30/2018	6/29/2019	6/27/2020	7/3/2021	7/2/2022	7/1/2023	6/29/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.72%	3.71%	-11.18%	8.78%	29.07%	0.53%	5.51%	7.80%	-14.42%	-9.56%
EBITDA Growth	-3.34%	-81.30%	515.22%	16.34%	3.27%	24.71%	47.46%	-49.26%	1.02%	-30.89%
EBIT Growth	-26.94%	-13.45%	124.57%	-42.29%	534.48%	73.51%	13.94%	-39.24%	-0.68%	-51.59%
NOPAT Growth	-36.33%	-11.21%	110.45%	-78.44%	905.80%	278.48%	44.94%	-39.98%	-21.41%	-233.64%
Net Income Growth	-394.94%	-12.60%	261.49%	-130.34%	111.11%	807.41%	37.76%	-77.04%	64.52%	-201.18%
EPS Growth	-375.00%	-10.53%	261.90%	-130.88%	109.52%	950.00%	38.10%	-75.86%	57.14%	-209.09%
Operating Cash Flow Growth	-53.40%	-21.87%	46.66%	-30.01%	110.30%	-2.31%	79.42%	-26.80%	-35.93%	2.02%
Free Cash Flow Firm Growth	237.90%	-65.59%	-74.16%	-1,856.33%	103.02%	274.77%	79.74%	-106.52%	-856.46%	135.98%
Invested Capital Growth	-44.95%	-36.88%	-7.79%	188.93%	-0.26%	-0.90%	-3.92%	6.86%	12.53%	-7.80%
Revenue Q/Q Growth	205.13%	0.48%	-3.87%	8.55%	2.63%	-1.99%	3.84%	1.92%	-6.09%	-1.15%
EBITDA Q/Q Growth	117.70%	-84.04%	1,641.54%	-0.90%	-23.47%	40.05%	40.82%	-31.48%	-28.94%	10.47%
EBIT Q/Q Growth	43.50%	-5,012.50%	123.65%	-60.00%	112.10%	12.02%	-5.46%	15.40%	-27.02%	-27.97%
NOPAT Q/Q Growth	40.41%	-272.86%	106.87%	-90.21%	-30.51%	174.98%	-33.14%	527.46%	-34.07%	-690.88%
Net Income Q/Q Growth	-20.03%	-38.94%	87.81%	-291.94%	114.88%	237.93%	-39.30%	573.91%	-39.43%	-514.29%
EPS Q/Q Growth	-18.75%	-40.00%	88.89%	-320.00%	112.50%	250.00%	-38.30%	0.00%	-45.00%	-500.00%
Operating Cash Flow Q/Q Growth	-2.83%	-22.34%	8.52%	-22.54%	8.61%	-0.95%	17.03%	6.58%	-30.51%	2.37%
Free Cash Flow Firm Q/Q Growth	494.65%	-76.75%	-37.67%	1.84%	-75.02%	20.53%	11.54%	89.02%	-330.65%	-18.61%
Invested Capital Q/Q Growth	-45.98%	-28.74%	-1.71%	-3.29%	1.81%	4.93%	-1.45%	-3.49%	0.35%	-3.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.51%	60.65%	59.50%	55.77%	57.63%	58.55%	59.59%	59.85%	57.75%	57.57%
EBITDA Margin	11.26%	2.03%	14.06%	15.04%	12.03%	14.93%	20.86%	9.82%	11.59%	8.86%
Operating Margin	-8.67%	-9.30%	0.87%	0.22%	5.96%	10.39%	11.86%	14.31%	7.45%	2.08%
EBIT Margin	-8.25%	-9.03%	2.50%	1.32%	6.51%	11.24%	12.14%	6.84%	7.94%	4.25%
Profit (Net Income) Margin	-10.08%	-10.95%	19.90%	-5.55%	0.48%	4.31%	5.63%	1.20%	2.31%	-2.58%
Tax Burden Percent	83.67%	216.12%	89.00%	136.13%	13.74%	42.87%	51.61%	23.81%	42.01%	-222.41%
Interest Burden Percent	146.05%	56.11%	895.52%	-307.76%	53.40%	89.51%	89.90%	73.64%	69.13%	27.29%
Effective Tax Rate	0.00%	0.00%	11.89%	0.00%	80.15%	57.13%	48.39%	76.19%	57.99%	322.41%
Return on Invested Capital (ROIC)	-8.12%	-15.60%	2.19%	0.25%	1.72%	6.54%	9.71%	5.75%	4.11%	-5.40%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.99%	-7.82%	-31.55%	21.45%	-14.65%	3.63%	-22.35%	-53.11%	-1.58%	6.64%
Return on Net Nonoperating Assets (RNNOA)	0.42%	4.52%	19.52%	-6.64%	-0.98%	0.28%	-0.56%	-3.59%	-0.37%	1.64%
Return on Equity (ROE)	-7.70%	-11.08%	21.71%	-6.39%	0.74%	6.82%	9.15%	2.16%	3.74%	-3.76%
Cash Return on Invested Capital (CROIC)	49.86%	29.63%	10.29%	-96.90%	1.97%	7.44%	13.70%	-0.88%	-7.68%	2.71%
Operating Return on Assets (OROA)	-3.16%	-4.20%	1.06%	0.56%	3.83%	7.11%	7.79%	4.67%	4.77%	2.37%
Return on Assets (ROA)	-3.86%	-5.09%	8.46%	-2.35%	0.28%	2.73%	3.61%	0.82%	1.39%	-1.44%
Return on Common Equity (ROCE)	-7.70%	-11.08%	21.71%	-6.39%	0.74%	6.82%	9.15%	2.16%	3.74%	-3.76%
Return on Equity Simple (ROE_SIMPLE)	-8.00%	-14.39%	20.37%	-6.61%	0.74%	6.89%	8.84%	2.31%	3.69%	-3.79%
Net Operating Profit after Tax (NOPAT)	-53	-59	6.17	1.33	13	51	73	44	35	-46
NOPAT Margin	-6.07%	-6.51%	0.77%	0.15%	1.18%	4.46%	6.12%	3.41%	3.13%	-4.62%
Net Nonoperating Expense Percent (NNEP)	-7.13%	-7.77%	33.75%	-21.19%	16.36%	2.91%	32.06%	58.86%	5.70%	-12.04%
Cost of Revenue to Revenue	40.49%	39.35%	40.50%	44.23%	42.37%	41.45%	40.41%	40.15%	42.25%	42.43%
SG&A Expenses to Revenue	43.06%	38.74%	37.28%	36.99%	30.39%	27.72%	28.15%	28.30%	29.72%	33.32%
R&D to Revenue	19.83%	18.36%	16.93%	15.22%	16.54%	17.04%	16.93%	16.50%	18.71%	20.18%
Operating Expenses to Revenue	68.19%	69.95%	58.63%	55.56%	51.67%	48.16%	47.73%	45.54%	50.30%	55.49%
Earnings before Interest and Taxes (EBIT)	-72	-82	20	12	74	128	146	88	88	43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	98	18	113	132	136	170	250	127	128	89
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.50	2.23	3.04	3.15	4.19	4.01	5.23	4.44	3.65	2.25
Price to Tangible Book Value (P/TBV)	2.18	3.22	3.96	14.17	22.83	15.67	14.30	12.97	14.24	8.05
Price to Revenue (P/Rev)	1.89	1.70	2.97	2.65	2.69	2.51	3.33	2.31	2.28	1.53
Price to Earnings (P/E)	0.00	0.00	14.92	0.00	562.82	58.16	59.18	192.41	98.84	0.00
Dividend Yield	0.00%	66.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	6.70%	0.00%	0.18%	1.72%	1.69%	0.52%	1.01%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.99	3.89	6.94	3.03	3.97	3.77	5.36	3.92	3.05	2.04
Enterprise Value to Revenue (EV/Rev)	1.59	1.26	2.33	2.70	2.74	2.56	3.31	2.40	2.46	1.67
Enterprise Value to EBITDA (EV/EBITDA)	14.08	61.98	16.55	17.94	22.73	17.15	15.88	24.45	21.22	18.89
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	93.22	203.68	42.00	22.78	27.29	35.09	30.98	39.38
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	303.78	1,776.44	231.11	57.46	54.12	70.43	78.59	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	16.83	17.74	19.87	35.80	22.27	21.46	16.32	17.42	23.84	14.38
Enterprise Value to Free Cash Flow (EV/FCFF)	4.25	10.17	64.68	0.00	201.05	50.48	38.34	0.00	0.00	72.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.51	0.85	1.18	1.13	0.80	0.85	0.89	1.02	1.05	0.93
Long-Term Debt to Equity	0.51	0.85	1.18	0.76	0.80	0.84	0.29	0.92	0.91	0.93
Financial Leverage	-0.43	-0.58	-0.62	-0.31	0.07	0.08	0.02	0.07	0.23	0.25
Leverage Ratio	2.00	2.18	2.57	2.72	2.63	2.50	2.53	2.64	2.70	2.61
Compound Leverage Factor	2.92	1.22	22.99	-8.37	1.40	2.24	2.28	1.94	1.87	0.71
Debt to Total Capital	33.77%	45.84%	54.22%	53.13%	44.37%	45.91%	47.12%	50.49%	51.23%	48.27%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	17.56%	0.00%	0.21%	31.61%	5.04%	6.79%	0.00%
Long-Term Debt to Total Capital	33.77%	45.84%	54.22%	35.58%	44.37%	45.69%	15.51%	45.44%	44.44%	48.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	66.23%	54.16%	45.78%	46.87%	55.63%	54.09%	52.88%	49.51%	48.77%	51.73%
Debt to EBITDA	5.71	31.70	8.23	6.33	4.26	3.56	2.72	5.40	5.66	7.18
Net Debt to EBITDA	-2.68	-21.55	-4.56	0.34	0.38	0.35	-0.09	0.95	1.56	1.58
Long-Term Debt to EBITDA	5.71	31.70	8.23	4.24	4.26	3.54	0.90	4.86	4.91	7.18
Debt to NOPAT	-10.58	-9.88	151.01	626.47	43.27	11.92	9.28	15.55	20.96	-13.75
Net Debt to NOPAT	4.98	6.72	-83.73	33.99	3.91	1.18	-0.31	2.72	5.78	-3.02
Long-Term Debt to NOPAT	-10.58	-9.88	151.01	419.47	43.27	11.87	3.05	14.00	18.19	-13.75
Altman Z-Score	-41.76	-55.87	-43.66	-46.04	-50.67	-51.75	-46.40	-50.43	-50.21	-54.19
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.68	5.35	7.29	2.09	3.23	3.92	1.49	2.72	2.75	3.55
Quick Ratio	2.53	4.93	6.81	1.81	2.68	3.33	1.28	2.23	2.19	2.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	326	112	29	-509	15	58	104	-6.75	-65	23
Operating Cash Flow to CapEx	86.36%	217.97%	288.38%	179.84%	350.51%	496.70%	506.88%	284.05%	248.04%	722.98%
Free Cash Flow to Firm to Interest Expense	9.78	3.14	0.67	-10.76	0.45	4.30	7.05	-0.29	-2.38	0.75
Operating Cash Flow to Interest Expense	2.47	1.80	2.18	1.40	4.05	10.12	16.55	7.64	4.21	3.77
Operating Cash Flow Less CapEx to Interest Expense	-0.39	0.97	1.43	0.62	2.89	8.08	13.29	4.95	2.51	3.25
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.47	0.43	0.42	0.59	0.63	0.64	0.68	0.60	0.56
Accounts Receivable Turnover	3.90	6.03	5.99	5.17	4.95	4.80	4.87	5.00	4.50	4.50
Inventory Turnover	3.42	6.78	6.56	5.52	4.91	5.06	5.44	5.06	4.13	3.99
Fixed Asset Turnover	3.99	6.42	5.97	5.70	6.45	6.45	6.51	6.08	4.69	4.25
Accounts Payable Turnover	3.95	8.01	8.19	8.79	8.06	8.09	8.34	8.54	8.86	8.70
Days Sales Outstanding (DSO)	93.66	60.55	60.94	70.65	73.67	76.00	74.89	73.06	81.19	81.05
Days Inventory Outstanding (DIO)	106.83	53.84	55.65	66.11	74.31	72.07	67.12	72.10	88.34	91.40
Days Payable Outstanding (DPO)	92.38	45.55	44.56	41.51	45.31	45.10	43.77	42.73	41.20	41.96
Cash Conversion Cycle (CCC)	108.11	68.84	72.02	95.25	102.68	102.97	98.25	102.43	128.33	130.49
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	464	293	270	780	778	771	741	792	891	821
Invested Capital Turnover	1.34	2.40	2.86	1.67	1.45	1.47	1.59	1.69	1.31	1.17
Increase / (Decrease) in Invested Capital	-379	-171	-23	510	-2.00	-7.00	-30	51	99	-70
Enterprise Value (EV)	1,385	1,140	1,874	2,363	3,092	2,909	3,971	3,102	2,720	1,673
Market Capitalization	1,649	1,537	2,390	2,317	3,039	2,850	3,994	2,982	2,520	1,534
Book Value per Share	$4.70	$2.96	$3.46	$3.25	$3.17	$3.12	$3.34	$2.95	$3.11	$3.05
Tangible Book Value per Share	$3.23	$2.05	$2.66	$0.72	$0.58	$0.80	$1.22	$1.01	$0.80	$0.85
Total Capital	1,663	1,273	1,718	1,568	1,305	1,315	1,445	1,357	1,417	1,318
Total Debt	562	583	931	833	579	604	681	685	726	636
Total Long-Term Debt	562	583	931	558	579	601	224	617	630	636
Net Debt	-264	-397	-516	45	52	60	-23	120	200	140
Capital Expenditures (CapEx)	95	30	33	37	40	27	48	63	46	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	179	5.50	-9.60	89	106	140	118	139	172	133
Debt-free Net Working Capital (DFNWC)	1,005	985	1,438	877	633	684	821	704	698	629
Net Working Capital (NWC)	1,005	985	1,438	602	633	681	365	636	602	629
Net Nonoperating Expense (NNE)	35	40	-154	50	7.98	1.63	5.88	29	9.12	-20
Net Nonoperating Obligations (NNO)	-638	-397	-516	45	52	60	-23	120	200	140
Total Depreciation and Amortization (D&A)	171	100	93	120	62	42	105	39	40	46
Debt-free, Cash-free Net Working Capital to Revenue	20.48%	0.61%	-1.19%	10.20%	9.40%	12.29%	9.81%	10.78%	15.56%	13.31%
Debt-free Net Working Capital to Revenue	114.96%	108.72%	178.66%	100.18%	55.99%	60.16%	68.50%	54.49%	63.08%	62.91%
Net Working Capital to Revenue	114.96%	108.72%	178.66%	68.75%	55.99%	59.91%	30.42%	49.20%	54.38%	62.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.42)	$0.73	($0.20)	$0.02	$0.13	$0.20	$0.07	$0.11	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	0.00	232.30M	229.90M	227.10M	228.10M	229.40M	228.70M	230.90M	224.60M	222.60M
Adjusted Diluted Earnings per Share	$0.00	($0.42)	$0.71	($0.20)	$0.02	$0.12	$0.20	$0.07	$0.11	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	232.30M	234.50M	227.10M	231.20M	233.70M	235.90M	238.20M	226.60M	222.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.42)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	234M	227.55M	226.71M	228.85M	228.32M	228.47M	226.26M	221.50M	221.91M
Normalized Net Operating Profit after Tax (NOPAT)	-34	12	25	7.14	58	85	73	129	66	24
Normalized NOPAT Margin	-3.92%	1.36%	3.13%	0.82%	5.13%	7.49%	6.05%	10.01%	5.98%	2.41%
Pre Tax Income Margin	-12.05%	-5.06%	22.36%	-4.08%	3.48%	10.06%	10.91%	5.04%	5.49%	1.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.17	-2.29	0.47	0.25	2.15	9.53	9.90	3.79	3.24	1.38
NOPAT to Interest Expense	-1.59	-1.65	0.14	0.03	0.39	3.78	4.99	1.89	1.28	-1.50
EBIT Less CapEx to Interest Expense	-5.03	-3.12	-0.29	-0.53	0.99	7.49	6.63	1.10	1.54	0.85
NOPAT Less CapEx to Interest Expense	-4.46	-2.48	-0.61	-0.75	-0.76	1.74	1.73	-0.80	-0.42	-2.02
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-5.45%	-44.86%	57.43%	-83.95%	207.41%	90.61%	62.52%	1,521.94%	329.02%	-77.52%

This table displays calculated financial ratios and metrics derived from Viavi Solutions' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	7/2/2022	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.85%	-5.08%	-9.63%	-21.46%	-21.38%	-20.08%	-10.54%	-0.73%	-4.40%	-3.91%	6.40%
EBITDA Growth	-52.29%	312.77%	-36.48%	-31.32%	-98.12%	-36.83%	40.52%	-89.36%	840.00%	-19.26%	-30.91%
EBIT Growth	33.52%	235.37%	-42.95%	-107.71%	-69.15%	-48.53%	4.38%	-192.59%	-113.79%	-43.89%	-0.38%
NOPAT Growth	463.05%	10.38%	-77.98%	-105.37%	-100.95%	-76.48%	28.68%	-466.67%	-2,064.07%	-133.74%	-17.07%
Net Income Growth	400.00%	159.49%	-75.72%	-180.21%	-100.61%	-69.94%	27.38%	-59.74%	-21,600.00%	-118.37%	-14.95%
EPS Growth	350.00%	158.33%	-71.43%	-187.50%	0.00%	-71.43%	25.00%	-57.14%	0.00%	-125.00%	-20.00%
Operating Cash Flow Growth	17.57%	-50.19%	108.11%	-38.41%	-68.07%	89.10%	-55.84%	9.55%	11.49%	-73.16%	119.12%
Free Cash Flow Firm Growth	-193.29%	-170.45%	-532.65%	-67.77%	-216.63%	21.44%	113.70%	137.80%	165.92%	140.04%	682.73%
Invested Capital Growth	6.86%	10.66%	11.51%	8.23%	12.53%	5.12%	0.23%	-3.87%	-7.80%	-1.89%	-8.58%
Revenue Q/Q Growth	6.28%	-7.49%	-8.29%	-12.90%	6.38%	-5.96%	2.66%	-3.34%	2.44%	-5.48%	13.69%
EBITDA Q/Q Growth	11.06%	12.78%	-42.83%	-4.08%	-96.96%	3,690.00%	27.18%	-89.13%	168.57%	225.53%	8.82%
EBIT Q/Q Growth	34.29%	8.30%	-50.69%	-110.76%	637.04%	80.69%	0.00%	-130.15%	74.68%	835.00%	77.55%
NOPAT Q/Q Growth	-29.13%	86.68%	-71.91%	-114.44%	87.46%	4,721.96%	53.69%	-163.60%	52.10%	27.94%	477.78%
Net Income Q/Q Growth	-14.06%	97.58%	-74.23%	-283.33%	99.35%	9,900.00%	9.18%	-329.91%	11.79%	91.71%	605.56%
EPS Q/Q Growth	12.50%	55.56%	-71.43%	-275.00%	0.00%	0.00%	25.00%	-320.00%	9.09%	90.00%	500.00%
Operating Cash Flow Q/Q Growth	154.67%	-63.86%	73.68%	-61.47%	32.02%	114.04%	-59.44%	-4.41%	34.36%	-48.47%	231.11%
Free Cash Flow Firm Q/Q Growth	23.65%	-34.96%	-91.26%	14.88%	-44.10%	66.52%	133.35%	134.92%	151.29%	-79.66%	551.87%
Invested Capital Q/Q Growth	-3.49%	3.09%	8.22%	0.51%	0.35%	-3.69%	3.18%	-3.60%	-3.75%	2.48%	-3.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.98%	59.57%	58.70%	56.90%	55.39%	58.25%	58.15%	56.06%	57.78%	57.14%	59.38%
EBITDA Margin	15.87%	19.34%	12.06%	13.28%	0.38%	15.29%	18.94%	1.42%	3.73%	12.85%	12.30%
Operating Margin	14.32%	16.05%	8.05%	-0.85%	4.48%	6.45%	8.80%	-4.84%	-2.26%	4.83%	8.20%
EBIT Margin	14.02%	16.41%	8.82%	-1.09%	5.50%	10.57%	10.29%	-3.21%	-0.79%	6.17%	9.64%
Profit (Net Income) Margin	4.92%	10.51%	2.95%	-6.21%	-0.04%	3.95%	4.20%	-10.00%	-8.61%	-0.76%	3.36%
Tax Burden Percent	40.44%	72.77%	44.44%	163.83%	-1.56%	53.26%	58.47%	157.69%	228.42%	-25.00%	48.92%
Interest Burden Percent	86.81%	88.02%	75.30%	348.15%	44.14%	70.23%	69.85%	197.47%	475.00%	48.98%	71.26%
Effective Tax Rate	59.56%	27.23%	55.56%	0.00%	101.56%	46.74%	41.53%	0.00%	0.00%	125.00%	51.08%
Return on Invested Capital (ROIC)	9.76%	19.18%	5.32%	-0.82%	-0.09%	4.29%	5.90%	-3.94%	-1.85%	-1.41%	4.77%
ROIC Less NNEP Spread (ROIC-NNEP)	3.76%	3.64%	3.65%	-9.64%	-0.04%	5.02%	4.54%	-13.13%	-12.27%	-0.74%	3.53%
Return on Net Nonoperating Assets (RNNOA)	0.25%	0.11%	0.53%	-2.19%	-0.01%	1.33%	1.13%	-3.35%	-3.04%	-0.17%	0.71%
Return on Equity (ROE)	10.02%	19.30%	5.85%	-3.00%	-0.10%	5.61%	7.03%	-7.29%	-4.89%	-1.58%	5.48%
Cash Return on Invested Capital (CROIC)	-0.88%	6.35%	0.22%	-1.76%	-7.68%	-4.54%	0.58%	3.28%	2.71%	-177.42%	-96.90%
Operating Return on Assets (OROA)	9.56%	10.64%	5.71%	-0.68%	3.31%	6.19%	5.67%	-1.78%	-0.44%	3.45%	5.42%
Return on Assets (ROA)	3.36%	6.82%	1.91%	-3.86%	-0.02%	2.31%	2.31%	-5.53%	-4.80%	-0.42%	1.89%
Return on Common Equity (ROCE)	10.02%	19.30%	5.85%	-3.00%	-0.10%	5.61%	7.03%	-7.29%	-4.89%	-1.58%	5.48%
Return on Equity Simple (ROE_SIMPLE)	0.00%	15.87%	11.15%	6.17%	0.00%	0.40%	0.69%	-0.60%	0.00%	-5.33%	-5.71%
Net Operating Profit after Tax (NOPAT)	19	36	10	-1.47	-0.18	8.52	13	-8.33	-3.99	-2.88	11
NOPAT Margin	5.79%	11.68%	3.58%	-0.59%	-0.07%	3.44%	5.15%	-3.39%	-1.58%	-1.21%	4.01%
Net Nonoperating Expense Percent (NNEP)	6.00%	15.55%	1.67%	8.82%	-0.05%	-0.73%	1.36%	9.20%	10.42%	-0.67%	1.24%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	0.90%	-	-	-	0.82%
Cost of Revenue to Revenue	40.02%	40.43%	41.30%	43.10%	44.61%	41.75%	41.85%	43.94%	42.22%	42.86%	40.62%
SG&A Expenses to Revenue	28.84%	25.85%	31.63%	32.28%	29.78%	31.14%	29.39%	39.92%	32.98%	31.11%	31.13%
R&D to Revenue	16.16%	16.96%	18.24%	20.50%	19.58%	20.13%	19.45%	20.33%	20.83%	20.74%	19.24%
Operating Expenses to Revenue	45.66%	43.52%	50.65%	57.75%	50.91%	51.80%	49.35%	60.89%	60.04%	52.31%	51.18%
Earnings before Interest and Taxes (EBIT)	47	51	25	-2.70	15	26	26	-7.90	-2.00	15	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	53	60	34	33	1.00	38	48	3.50	9.40	31	33
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.44	4.59	3.46	3.57	3.65	3.00	3.08	2.87	2.25	2.85	3.31
Price to Tangible Book Value (P/TBV)	12.97	14.03	14.31	14.63	14.24	11.72	9.97	9.68	8.05	9.69	11.15
Price to Revenue (P/Rev)	2.31	2.33	1.91	2.07	2.28	1.94	2.21	2.00	1.53	2.02	2.24
Price to Earnings (P/E)	192.41	28.89	31.02	57.82	98.84	749.80	447.90	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.52%	3.46%	3.22%	1.73%	1.01%	0.13%	0.22%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.92	3.85	2.91	2.97	3.05	2.57	2.71	2.54	2.04	2.55	2.95
Enterprise Value to Revenue (EV/Rev)	2.40	2.46	2.07	2.24	2.46	2.11	2.36	2.15	1.67	2.16	2.37
Enterprise Value to EBITDA (EV/EBITDA)	24.45	14.60	13.18	14.63	21.22	20.80	19.97	27.08	18.89	26.37	35.91
Enterprise Value to EBIT (EV/EBIT)	35.09	17.76	16.29	21.94	30.98	34.98	37.33	36.80	39.38	69.15	77.17
Enterprise Value to NOPAT (EV/NOPAT)	70.43	24.55	27.66	50.28	78.59	576.96	335.85	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	17.42	20.76	14.69	16.08	23.84	16.02	21.40	19.10	14.38	26.93	22.95
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	63.63	1,379.90	0.00	0.00	0.00	466.62	76.06	72.01	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.02	1.06	1.00	1.16	1.05	1.08	1.00	0.90	0.93	0.91	0.94
Long-Term Debt to Equity	0.92	0.95	0.90	0.92	0.91	0.93	0.87	0.90	0.93	0.91	0.94
Financial Leverage	0.07	0.03	0.15	0.23	0.23	0.26	0.25	0.26	0.25	0.23	0.20
Leverage Ratio	2.64	2.61	2.63	2.73	2.70	2.70	2.60	2.64	2.61	2.57	2.54
Compound Leverage Factor	2.29	2.30	1.98	9.49	1.19	1.89	1.82	5.21	12.41	1.26	1.81
Debt to Total Capital	50.49%	51.37%	49.91%	53.72%	51.23%	51.86%	50.04%	47.36%	48.27%	47.59%	48.35%
Short-Term Debt to Total Capital	5.04%	5.10%	4.95%	11.14%	6.79%	6.86%	6.61%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	45.44%	46.27%	44.95%	42.59%	44.44%	45.00%	43.43%	47.36%	48.27%	47.59%	48.35%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	49.51%	48.63%	50.09%	46.28%	48.77%	48.14%	49.96%	52.64%	51.73%	52.41%	51.65%
Debt to EBITDA	5.40	3.18	3.51	4.39	5.66	6.85	6.08	7.91	7.18	7.84	9.63
Net Debt to EBITDA	0.95	0.78	1.00	1.14	1.56	1.72	1.31	1.85	1.58	1.72	1.91
Long-Term Debt to EBITDA	4.86	2.87	3.16	3.48	4.91	5.95	5.27	7.91	7.18	7.84	9.63
Debt to NOPAT	15.55	5.35	7.36	15.09	20.96	190.11	102.16	-108.45	-13.75	-0.42	-0.71
Net Debt to NOPAT	2.72	1.31	2.10	3.91	5.78	47.78	22.04	-25.35	-3.02	-0.09	-0.14
Long-Term Debt to NOPAT	14.00	4.82	6.63	11.96	18.19	164.97	88.67	-108.45	-13.75	-0.42	-0.71
Altman Z-Score	-50.51	-52.31	-50.90	-48.65	-50.34	-51.96	-50.28	-53.71	-54.28	-53.93	-54.16
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.72	2.85	2.77	2.43	2.75	2.95	3.09	3.81	3.55	3.71	3.55
Quick Ratio	2.23	2.28	2.16	1.94	2.19	2.35	2.49	3.05	2.85	2.99	2.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-31	-42	-81	-69	-99	-33	11	26	66	13	87
Operating Cash Flow to CapEx	579.53%	187.32%	283.44%	183.51%	405.17%	824.59%	453.33%	780.00%	873.33%	355.26%	604.05%
Free Cash Flow to Firm to Interest Expense	-5.06	-6.94	-13.07	-10.29	-12.27	-4.27	1.40	3.39	8.73	1.78	11.58
Operating Cash Flow to Interest Expense	11.87	4.36	7.45	2.66	2.90	6.45	2.58	2.53	3.49	1.80	5.96
Operating Cash Flow Less CapEx to Interest Expense	9.82	2.03	4.82	1.21	2.19	5.67	2.01	2.21	3.09	1.29	4.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.65	0.65	0.62	0.60	0.59	0.55	0.55	0.56	0.56	0.56
Accounts Receivable Turnover	5.00	5.21	5.17	4.81	4.50	4.77	4.69	4.68	4.50	5.03	4.78
Inventory Turnover	5.06	4.80	4.31	4.04	4.13	3.98	3.69	3.80	3.99	4.09	4.10
Fixed Asset Turnover	6.08	5.87	5.44	5.03	4.69	4.44	4.21	4.22	4.25	4.22	4.36
Accounts Payable Turnover	8.54	7.95	8.56	9.49	8.86	8.75	9.24	10.11	8.70	9.70	8.57
Days Sales Outstanding (DSO)	73.06	70.01	70.63	75.83	81.19	76.44	77.87	77.92	81.05	72.58	76.37
Days Inventory Outstanding (DIO)	72.10	75.99	84.70	90.44	88.34	91.82	98.90	96.05	91.40	89.16	88.94
Days Payable Outstanding (DPO)	42.73	45.90	42.66	38.47	41.20	41.71	39.49	36.11	41.96	37.61	42.57
Cash Conversion Cycle (CCC)	102.43	100.10	112.67	127.80	128.33	126.55	137.28	137.86	130.49	124.13	122.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	792	816	883	888	891	858	885	853	821	842	809
Invested Capital Turnover	1.69	1.64	1.49	1.38	1.31	1.25	1.15	1.16	1.17	1.17	1.19
Increase / (Decrease) in Invested Capital	51	79	91	68	99	42	2.00	-34	-70	-16	-76
Enterprise Value (EV)	3,102	3,141	2,575	2,640	2,720	2,207	2,397	2,171	1,673	2,144	2,385
Market Capitalization	2,982	2,973	2,379	2,434	2,520	2,024	2,240	2,023	1,534	2,004	2,258
Book Value per Share	$2.95	$2.87	$3.04	$3.04	$3.11	$3.05	$3.27	$3.17	$3.05	$3.16	$3.08
Tangible Book Value per Share	$1.01	$0.94	$0.73	$0.74	$0.80	$0.78	$1.01	$0.94	$0.85	$0.93	$0.91
Total Capital	1,357	1,333	1,373	1,474	1,417	1,403	1,457	1,340	1,318	1,340	1,322
Total Debt	685	685	685	792	726	727	729	634	636	638	639
Total Long-Term Debt	617	617	617	628	630	631	633	634	636	638	639
Net Debt	120	168	196	206	200	183	157	148	140	140	127
Capital Expenditures (CapEx)	13	14	16	9.70	5.80	6.10	4.50	2.50	3.00	3.80	7.40
Debt-free, Cash-free Net Working Capital (DFCFNWC)	139	169	162	168	172	157	178	154	133	133	120
Debt-free Net Working Capital (DFNWC)	704	686	651	755	698	701	750	640	629	631	632
Net Working Capital (NWC)	636	618	583	590	602	605	653	640	629	631	632
Net Nonoperating Expense (NNE)	2.91	3.64	1.78	14	-0.08	-1.28	2.40	16	18	-1.08	1.76
Net Nonoperating Obligations (NNO)	120	168	196	206	200	183	157	148	140	140	127
Total Depreciation and Amortization (D&A)	6.20	9.10	9.20	36	-14	12	22	11	11	16	7.20
Debt-free, Cash-free Net Working Capital to Revenue	10.78%	13.21%	12.97%	14.26%	15.56%	15.03%	17.53%	15.19%	13.31%	13.46%	11.88%
Debt-free Net Working Capital to Revenue	54.49%	53.74%	52.28%	64.07%	63.08%	67.20%	73.93%	63.22%	62.91%	63.71%	62.80%
Net Working Capital to Revenue	49.20%	48.41%	46.82%	50.13%	54.38%	57.98%	64.43%	63.22%	62.91%	63.71%	62.80%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	$0.14	$0.04	($0.07)	$0.00	$0.04	$0.05	($0.11)	($0.10)	($0.01)	$0.04
Adjusted Weighted Average Basic Shares Outstanding	230.90M	226.30M	225.90M	224.10M	224.60M	222M	222.50M	223M	222.60M	222M	222M
Adjusted Diluted Earnings per Share	$0.09	$0.14	$0.04	($0.07)	$0.00	$0.04	$0.05	($0.11)	($0.10)	($0.01)	$0.04
Adjusted Weighted Average Diluted Shares Outstanding	238.20M	230.40M	227.10M	224.10M	226.60M	224.20M	223.50M	223M	222.60M	222M	224.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	226.26M	226.36M	224.78M	222.45M	221.50M	222.39M	222.57M	223.24M	221.91M	221.81M	222.14M
Normalized Net Operating Profit after Tax (NOPAT)	34	36	16	5.67	9.59	8.10	13	-8.26	6.09	8.05	16
Normalized NOPAT Margin	10.02%	11.68%	5.63%	2.29%	3.64%	3.27%	5.12%	-3.36%	2.42%	3.38%	6.05%
Pre Tax Income Margin	12.17%	14.44%	6.64%	-3.79%	2.43%	7.42%	7.19%	-6.34%	-3.77%	3.02%	6.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.58	8.34	4.05	-0.40	1.79	3.36	3.32	-1.03	-0.27	1.96	3.48
NOPAT to Interest Expense	3.13	5.94	1.64	-0.22	-0.02	1.09	1.66	-1.08	-0.53	-0.38	1.45
EBIT Less CapEx to Interest Expense	5.53	6.02	1.42	-1.85	1.07	2.58	2.75	-1.35	-0.67	1.45	2.49
NOPAT Less CapEx to Interest Expense	1.08	3.61	-0.99	-1.67	-0.74	0.31	1.09	-1.41	-0.93	-0.89	0.46
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	1,521.94%	238.87%	201.04%	244.18%	329.02%	2,785.19%	1,000.00%	-476.19%	-77.52%	-70.59%	-67.69%

Frequently Asked Questions About Viavi Solutions' Financials

When does Viavi Solutions's financial year end?

According to the most recent income statement we have on file, Viavi Solutions' fiscal year ends in June. Their fiscal year 2024 ended on June 29, 2024.

How has Viavi Solutions' net income changed over the last 9 years?

Viavi Solutions' net income appears to be on an upward trend, with a most recent value of -$25.80 million in 2024, falling from -$88.10 million in 2015. The previous period was $25.50 million in 2023. See Viavi Solutions' forecast for analyst expectations on what’s next for the company.

What is Viavi Solutions's operating income?

Viavi Solutions's total operating income in 2024 was $20.80 million, based on the following breakdown:

Total Gross Profit: $575.90 million
Total Operating Expenses: $555.10 million

How has Viavi Solutions revenue changed over the last 9 years?

Over the last 9 years, Viavi Solutions' total revenue changed from $873.90 million in 2015 to $1.00 billion in 2024, a change of 14.5%.

How much debt does Viavi Solutions have?

Viavi Solutions' total liabilities were at $1.05 billion at the end of 2024, a 9.1% decrease from 2023, and a 5.5% decrease since 2015.

How much cash does Viavi Solutions have?

In the past 9 years, Viavi Solutions' cash and equivalents has ranged from $334.50 million in 2015 to $1.00 billion in 2017, and is currently $471.30 million as of their latest financial filing in 2024.

How has Viavi Solutions' book value per share changed over the last 9 years?

Over the last 9 years, Viavi Solutions' book value per share changed from 4.70 in 2015 to 3.05 in 2024, a change of -35.1%.

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This page (NASDAQ:VIAV) was last updated on 5/5/2025 by MarketBeat.com Staff

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Viavi Solutions (VIAV) Financials

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