Ciena Corporation (CIEN) Financial Statements (2024 and earlier)

Company Profile

Business Address 7035 RIDGE ROAD
HANOVER, MD 21076
State of Incorp. DE
Fiscal Year End October 31
Industry (SIC) 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,259,7651,318,1591,154,9731,148,3411,181,5101,549,415
Cash and cash equivalents1,117,9221,167,6951,054,549994,352859,6871,019,863
Short-term investments141,843150,464100,424153,989321,823529,552
Receivables1,015,1071,077,9531,079,180944,798817,362789,533
Inventory, net of allowances, customer advances and progress billings1,192,5221,098,0921,178,089946,730826,673536,878
Inventory1,192,5221,098,0921,178,089946,730826,673536,878
Prepaid expense131,634119,070128,809119,415135,638140,537
Deferred costs1,405520460877574289
Derivative instruments and hedges, assets  2,9852513,0245,867
Other undisclosed current assets210,919254,832218,073225,484223,595206,014
Total current assets:3,811,3523,868,6263,762,5693,385,8963,188,3763,228,533
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   42,981  
Operating lease, right-of-use asset40,48241,11948,43845,10845,45245,721
Long-term investments and receivables21,09825,2373,24235,38577,72387,142
Long-term investments21,09825,2373,24235,38577,72387,142
Intangible assets, net (including goodwill)665,681677,678691,196397,839405,896417,880
Goodwill446,596446,364446,548328,322328,978328,924
Intangible assets, net (excluding goodwill)219,085231,314244,64869,51776,91888,956
Deferred income tax assets792,299795,051797,214824,008797,924798,238
Other noncurrent assets104,84789,58390,853113,617103,721108,121
Other undisclosed noncurrent assets287,455278,344278,985224,798281,690278,494
Total noncurrent assets:1,911,8621,907,0121,909,9281,683,7361,712,4061,735,596
TOTAL ASSETS:5,723,2145,775,6385,672,4975,069,6324,900,7824,964,129
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities748,766825,738822,4241,045,828439,229352,999
Interest and dividends payable4,793
Taxes payable11,472
Employee-related liabilities152,734
Accounts payable393,144444,769478,486516,047439,229352,999
Accrued liabilities355,622380,969343,938360,782  
Deferred revenue188,104202,818164,758137,899147,808156,400
Debt11,93011,93011,9306,9306,9306,930
Restructuring reserve8042,295421 1,459806
Other liabilities     301,589333,150
Other undisclosed current liabilities16,13715,14818,677(150,074)18,32718,473
Total current liabilities:965,7411,057,9291,018,2101,040,583915,342868,758
Noncurrent Liabilities
Long-term debt and lease obligation1,543,9001,546,4001,547,4951,103,5171,105,0921,102,537
Long-term debt, excluding current maturities1,543,9001,546,4001,547,4951,061,1251,062,4531,062,182
Liabilities, other than long-term debt266,566262,656268,497212,671212,612210,412
Deferred revenue71,87367,80766,62062,33661,84562,369
Other liabilities156,893154,870156,572150,335150,767148,043
Operating lease, liability37,80039,97945,30542,39242,63940,355
Total noncurrent liabilities:1,810,4661,809,0561,815,9921,316,1881,317,7041,312,949
Total liabilities:2,776,2072,866,9852,834,2022,356,7712,233,0462,181,707
Equity
Equity, attributable to parent2,947,0072,908,6532,838,2952,712,8612,667,7362,782,422
Common stock1,4881,4951,4921,4841,4831,509
Additional paid in capital6,425,8996,445,2476,422,0916,390,2526,378,0076,497,359
Accumulated other comprehensive loss(11,778)(39,754)(29,299)(46,645)(21,879)(16,059)
Accumulated deficit(3,468,602)(3,498,335)(3,555,989)(3,632,230)(3,689,875)(3,700,387)
Total equity:2,947,0072,908,6532,838,2952,712,8612,667,7362,782,422
TOTAL LIABILITIES AND EQUITY:5,723,2145,775,6385,672,4975,069,6324,900,7824,964,129

Income Statement (P&L) ($ in thousands)

10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
Revenues1,067,8861,132,6551,056,521971,010867,981949,227
Cost of revenue
(Cost of Goods and Services Sold)
(618,945)(644,972)(600,575)(537,413)(527,202)(547,446)
Gross profit:448,941487,683455,946433,597340,779401,781
Operating expenses(370,727)(384,870)(370,730)(356,329)(313,672)(343,352)
Operating income:78,214102,81385,21677,26827,10758,429
Nonoperating income (expense)(4,240)930166(2,104)(1,423)(2,960)
Gain (loss), foreign currency transaction, before tax(4,031)2,987(1,889)(210)(788)(1,267)
Other nonoperating income (expense)(209)(2,057)2,055(1,894)(635)(1,693)
Interest and debt expense(24,060)(23,889)(15,870)(13,775)(12,642)(11,985)
Income from continuing operations before equity method investments, income taxes:49,91479,85469,51261,38913,04243,484
Other undisclosed income from continuing operations before income taxes14,4277,62131,8073,9911,7893,768
Income from continuing operations before income taxes:64,34187,475101,31965,38014,83147,252
Income tax expense (benefit)(34,608)(29,821)(25,078)(7,735)(4,319)(8,330)
Income from continuing operations:29,73357,65476,24157,64510,51238,922
Income before gain (loss) on sale of properties:57,64510,51238,922
Net income available to common stockholders, diluted:29,73357,65476,24157,64510,51238,922

Comprehensive Income ($ in thousands)

10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
Net income:29,73357,65476,24157,64510,51238,922
Other undisclosed comprehensive income (loss)   (47,084)  
Comprehensive income:29,73357,65476,24110,56110,51238,922
Other undisclosed comprehensive income (loss), net of tax, attributable to parent27,977(10,456)17,34622,318(5,820)(1,154)
Comprehensive income, net of tax, attributable to parent:57,71047,19893,58732,8794,69237,768

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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