UNAUDITED PRO FORMA FINANCIAL
DATA
On July 8,
2009, Finisar Corporation (“Finisar”) entered into an
Asset Purchase Agreement with JDS Uniphase Corporation
(“JDSU”), pursuant to which Finisar agreed to sell to
JDSU all of the assets used exclusively in its Network Tools
business (other than accounts receivable) and JDSU agreed to assume
certain related liabilities of the Network Tools business for a
cash purchase price of approximately $40.6 million (the
“Sale Transaction”). The Sale Transaction closed on
July 15, 2009. The unaudited pro forma condensed balance sheet
as of April 30, 2009 and unaudited pro forma condensed
statement of income for the twelve months ended April 30, 2009
set forth below give effect to the Sale Transaction, as if such
transaction had been consummated on the date or at the beginning of
the period indicated.
UNAUDITED PRO FORMA CONDENSED
BALANCE SHEET
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Sale of Network
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Tools Division
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Historical
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Adjustments
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Pro Forma
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(audited)
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Cash and cash equivalents
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$
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37,129
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$
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40,600
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(1)
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$
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77,729
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Short-term available-for-sale
investments
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92
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—
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92
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81,820
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—
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81,820
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Accounts receivable, other
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10,033
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—
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10,033
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112,300
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(4,536
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)(2)
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107,764
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7,122
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—
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7,122
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248,496
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36,064
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284,560
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Property, plant and improvements, net
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84,040
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(1,391
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)(2)
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82,649
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Purchased technology, net
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16,663
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(204
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)(2)
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16,459
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Other intangible assets, net
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14,316
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(888
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)(2)
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13,428
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14,289
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—
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14,289
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2,897
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—
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2,897
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$
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380,701
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$
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33,581
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414,282
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LIABILITIES AND
STOCKHOLDERS’ EQUITY
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$
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48,421
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$
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—
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$
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48,421
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11,428
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(755
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)(2)
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10,673
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Other accrued liabilities
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30,713
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—
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30,713
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4,663
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(2,981
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)(2)
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1,682
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Current portion of long-term debt
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6,107
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—
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6,107
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Non-cancelable purchase obligations
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2,965
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(673
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)(2)
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2,292
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Total current liabilities
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104,297
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(4,409
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)
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99,888
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