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4 Inventories
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FINISAR CORP10Q
02/28/2019Finisar Corporation
Delaware
943038428'(State or other jurisdiction of(I.R.S. Employer&incorporation or organization)Identification No.)
1389 Moffett Park DriveSunnyvale, California~
&0((Address of principal executive offices)
(Zip Code)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0sgC
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Finisar Corporation
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial Instr!7 Fair Value of Financial I (1)Results of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)Results of Operations (11)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 ExhibitsU }:}

FINISAR CORP10Q
02/28/2019.&For the Quarter Ended January 27, 2019
Page$PART I FINANCIAL INFORMATION&
Item 1. Financial Statements :
%Condensed Consolidated Balance Sheets~
1)as of January 27, 2019 and April 29, 2018,$Condensed Consolidated Statements of~
/'Operations for the three and nine month2*periods ended January 27, 2019 and January28, 2018,$Condensed Consolidated Statements of~
1)Comprehensive Income (Loss) for the three0(and nine month periods ended January 27,!2019 and January 28, 2018,$Condensed Consolidated Statements of~
3+Cash Flows for the nine month periods ended%January 27, 2019 and January 28, 20181)Notes to Condensed Consolidated Financial~
"
Statements4,Item 2. Management's Discussion and Analysis~
J80of Financial Condition and Results of Operations7/Item 3. Quantitative and Qualitative Disclosure~
jDlxl`T<$_*o1e.^ !"#$%&'()*+, About Market Risk'!Item 4. Controls and Procedures~
!j!"PART II OTHER INFORMATION~
"r!#Item 1. Legal Proceedings~
#r$Item 1A. Risk Factors~
$r%Item 6. Exhibits~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Finisar Corporation!For the Quarter Ended January 2Income StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial Instr!7 Fair Value of Financial I (1)Results of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)Results of Operations (11)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 ExhibitsU }>}$
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FINISAR CORP10Q
02/28/2019
Balance Sheet
January 27, 2019
April 29, 2018(Unaudited)ASSETS
Current assets:
!Cash and cash equivalents~
Y7~
Shortterm investments~
:~
6%Accounts receivable, net of allowance~
~
@0(for doubtful accounts of $378 at January+#27, 2019 and $269 at April 29, 2018Inventories~
º~
EOther current assets~
~
kTotal current assets~
"]~
Bp%Property, equipment and improvements,~
&~
Fnet( Purchased intangible assets, net~
M~
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Other assets~
f~
Deferred tax assets~
5~
JTotal assets~
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F,$LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable~
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6 !!Other accrued liabilities~
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#:V#!$Total current liabilities~
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$N$%Longterm liabilities:%%%0&(Convertible debt, net of current portion~
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'b''~
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(B:(%)Commitments and contingencies)))*Stockholders' equity:***0+(Preferred stock, $0.001 par value, 5,000 +++ ++/,'shares authorized, no shares issued and1)outstanding at January 27, 2019 and April.29, 2018//'Common stock, $0.001 par value, 750,000~
///~
//0%shares authorized, 117,898 shares and1%114,813 shares issued and outstanding<24at January 27, 2019 and April 29, 2018, respectively"3Additional paidin capital~
3B?33~
3N3,4$Accumulated other comprehensive loss~
4&'44~
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5J)55~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Finisar Corporation!For the Quarter Ended January 2
Balance SheetIncome Statement (1)
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4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial Instr!7 Fair Value of Financial I (1)Results of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)Results of Operations (11)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 ExhibitsU }6}$
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FINISAR CORP10Q
02/28/2019Income Statement
Three Months Ended
Nine Months EndedJanuary 27, 2019January 28, 2018
January 27, 2019
January 28, 2018
Revenues
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FINISAR CORP10Q
02/28/2019Income Statement
Three Months Ended
Nine Months EndedJanuary 27, 2019January 28, 2018
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January 28, 2018Net loss~
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02/28/2019
Cash Flows
Nine Months EndedJanuary 27, 2019January 28, 2018Operating activities
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FINISAR CORP10Q
02/28/20195Effect of Adoption of New Accounting Standard
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FINISAR CORP10Q
02/28/20195Effect of Adoption of New Accounting Standard
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02/28/20195Effect of Adoption of New Accounting Standard
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FINISAR CORP10Q
02/28/20193. Earnings per Share
Three Months Ended
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January 28, 2018
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02/28/20193. Earnings per Share
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FINISAR CORP10Q
02/28/20194. Inventories 
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02/28/20195. Investments
January 27, 2019
April 29, 2018Gross Unrealized
Gross Unrealized(in thousands)Amortized Cost
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Finisar Corporation!For the Quarter Ended January 2
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5 Investments!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial Instr!7 Fair Value of Financial I (1)Results of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)Results of Operations (11)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 ExhibitsU }7}$
FINISAR CORP10Q
02/28/2019/'0.50% Convertible Senior Notes Due 2036
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5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial Instr!7 Fair Value of Financial I (1)Results of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)Results of Operations (11)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 ExhibitsU }0}$ }$}$ }$}
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FINISAR CORP10Q
02/28/2019/'0.50% Convertible Senior Notes Due 2036
Three Months Ended
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5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (3)!7 Fair Value of Financial Instr!7 Fair Value of Financial I (1)Results of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)Results of Operations (11)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 ExhibitsU }7}$
FINISAR CORP10Q
02/28/2019/'0.50% Convertible Senior Notes Due 2033
Liability component:
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FINISAR CORP10Q
02/28/2019/'0.50% Convertible Senior Notes Due 2033
Three Months Ended
Nine Months Ended*"(in thousands, except percentages)January 27, 2019January 28, 2018 January 27, 2019
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5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial I (1)Results of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)Results of Operations (11)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 ExhibitsU }a}!$
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02/28/2019.&7. Fair Value of Financial Instruments
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02/28/2019.&7. Fair Value of Financial Instruments
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FINISAR CORP10Q
02/28/2019Results of Operations
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FINISAR CORP10Q
02/28/2019Results of Operations
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FINISAR CORP10Q
02/28/2019Results of Operations
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FINISAR CORP10Q
02/28/2019Results of Operations
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FINISAR CORP10Q
02/28/2019Results of Operations
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FINISAR CORP10Q
02/28/2019Results of Operations
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FINISAR CORP10Q
02/28/2019Results of Operations
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FINISAR CORP10Q
02/28/2019Results of Operations
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FINISAR CORP10Q
02/28/2019Results of Operations
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02/28/2019Results of Operations
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FINISAR CORP10Q
02/28/2019Results of Operations
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FINISAR CORP10Q
02/28/2019Results of Operations
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02/28/2019'Liquidity and Capital Resources
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Finisar Corporation!For the Quarter Ended January 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial Instr!7 Fair Value of Financial I (1)Results of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)Results of Operations (11)!Liquidity and Capital ResourcesItem 6 ExhibitsU }0.}$
FINISAR CORP10Q
02/28/2019:2Contractual Obligations and Commercial Commitments
Payments Due by Period Less than
AfterContractual Obligations
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Finisar Corporation!For the Quarter Ended January 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial Instr!7 Fair Value of Financial I (1)Results of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)Results of Operations (11)!Liquidity and Capital Resources!Contractual Obligations and ComU }}$ }@
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FINISAR CORP10Q
02/28/2019Item 6. Exhibits
Exhibit Number
Exhibit Description@1)Agreement and Plan of Merger, dated as of
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,November 8, 2018, among Finisar Corporation,.&IIVI Incorporated and Mutation MergerSub Inc. (1)@4,Amendment to the Amended and Restated Bylaws#of Finisar Corporation. (2)?@,$Certification of Principal Executive=5Officer pursuant to Section 302 of the SarbanesOxleyAct of 2002333333?@,$Certification of Principal Financial=5Officer pursuant to Section 302 of the SarbanesOxleyAct of 2002@@0(Certification of Chief Executive Officer5pursuant to Section 906 of the SarbanesOxleyAct of 2002@@0(Certification of Chief Financial Officer5pursuant to Section 906 of the SarbanesOxleyAct of 2002101.INSXBRL Instance Document101.SCH&XBRL Taxonomy Extension SchemaD/ lvjF:j+U[
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