Viavi Solutions Inc. (VIAV)

Viavi Solutions Income Statement

Financials in millions USD. Fiscal year is August - July.

Year	2023	2022	2021	2020	2019
Revenue	1,106	1,292	1,199	1,136	1,130
Revenue Growth (YoY)	-14.42%	7.80%	5.51%	0.53%	29.07%
Cost of Revenue	467.3	518.9	484.5	471	478.9
Gross Profit	638.8	773.5	714.4	665.3	651.4
Selling, General & Admin	328.7	365.7	337.5	315	343.5
Research & Development	206.9	213.2	203	193.6	187
Other Operating Expenses	20.8	9.6	31.7	38.6	53.5
Operating Expenses	556.4	588.5	572.2	547.2	584
Operating Income	82.4	185	142.2	118.1	67.4
Interest Expense / Income	27.1	23.3	14.7	13.4	34.3
Other Expense / Income	-5.4	96.6	-3.3	-9.6	-3.8
Pretax Income	60.7	65.1	130.8	114.3	36.9
Income Tax	35.2	49.6	63.3	65.3	31.5
Net Income	25.5	15.5	67.5	49	5.4
Net Income Growth	64.52%	-77.04%	37.76%	807.41%	-
Shares Outstanding (Basic)	225	231	229	229	228
Shares Outstanding (Diluted)	227	238	236	235	231
Shares Change	-4.87%	0.80%	0.64%	1.56%	1.81%
EPS (Basic)	0.11	0.07	0.30	0.21	0.02
EPS (Diluted)	0.11	0.07	0.29	0.21	0.02
EPS Growth	57.14%	-75.86%	38.10%	950.00%	-
Free Cash Flow	68.1	115.4	195.3	108.3	99.2
Free Cash Flow Per Share	0.30	0.50	0.85	0.47	0.43
Gross Margin	57.75%	59.85%	59.59%	58.55%	57.63%
Operating Margin	7.45%	14.31%	11.86%	10.39%	5.96%
Profit Margin	2.31%	1.20%	5.63%	4.31%	0.48%
Free Cash Flow Margin	6.16%	8.93%	16.29%	9.53%	8.78%
Effective Tax Rate	57.99%	76.19%	48.39%	57.13%	85.37%
EBITDA	124	124.1	181.3	167.7	110.9
EBITDA Margin	11.21%	9.60%	15.12%	14.76%	9.81%
Depreciation & Amortization	36.2	35.7	35.8	40	39.7
EBIT	87.8	88.4	145.5	127.7	71.2
EBIT Margin	7.94%	6.84%	12.14%	11.24%	6.30%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).