Country-by-Country Reporting | FY 2025
Introduction to EU Public Country-by-Country Reporting (“CbCR”)
The European Union has adopted Directive 2021/2101 (“EU Directive”) that requires large multinational enterprises to publicly disclose an array of tax-related information on each EU Member State and in countries included in the EU list of non-cooperative jurisdictions.
The information included in the EU Public CbCR is generally consistent with the Organisation for Economic Co-operation and Development (“OECD”) CbCR Guidelines which is in line with the EU Implementing Regulation 2024/2952. The financial data reported is consistent with U.S. Generally Accepted Accounting Principles (“GAAP”) and based on Lumentum’s consolidated financial statements used to prepare the publicly available annual report for the fiscal year beginning June 30, 2024 and ending June 28, 2025 (“FY 2025”) (the “Group Annual Report”). The amounts presented are in USD, except for the headcount information.
Please Note: Under the regulations pertaining to preparation of the EU Public CbCR, certain aggregation of financial data is required, which includes intra-Group transactions that are typically eliminated in the consolidated financial statements for Lumentum Holdings Inc. and its wholly-owned subsidiaries (the “Group”) . This, in addition to certain differences in definitions of financial line items (e.g., revenues) between the EU Public CbCR and financial reporting requirements for the Group’s Annual Report, may result in datapoints in the EU Public CbCR that could appear different from those disclosed in the Group’s Annual Report.
Definitions of terms used in the EU Public CbCR
Below is a summary of the key definitions used in our EU Public CBCR data.
Revenues: Revenues for FY 2025 include both third party revenues and any intercompany revenues. Based on the OECD CbCR Guidelines, revenues include all amounts of revenue, including revenue from the sales of inventory and property, services, royalties, and interests from third parties or intercompany from other legal entities of Lumentum. Revenues do not include payments received from affiliates in the Group that are treated as dividends in the payor's tax jurisdiction of residence.
Profit or (loss) before tax (“PBT”): PBT for FY 2025. Consistent with the definition of revenues, PBT does not include payments received from affiliates in the Group that are treated as dividends in the payor's tax jurisdiction.
Corporate income taxes paid (on a cash basis): The amount of corporate income taxes paid by (or refunded to) Lumentum on a cash basis during FY 2025. In some cases, this may include payments made in relation to previous years or future years.
Corporate income taxes accrued: The current tax expense recognized on taxable profits or losses of the financial year, excluding deferred taxes or provisions for uncertain tax liabilities.
Employees: The number of employees on a full-time equivalent basis reported as of the end of FY 2025.
Accumulated earnings: The amount of accumulated earnings at the end of FY 2025.
