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)Annual | Quarterly
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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 1,259,765 | 1,318,159 | 1,154,973 | 1,148,341 | 1,181,510 | 1,549,415 | |||
Cash and cash equivalents | 1,117,922 | 1,167,695 | 1,054,549 | 994,352 | 859,687 | 1,019,863 | |||
Short-term investments | 141,843 | 150,464 | 100,424 | 153,989 | 321,823 | 529,552 | |||
Receivables | 1,015,107 | 1,077,953 | 1,079,180 | 944,798 | 817,362 | 789,533 | |||
Inventory, net of allowances, customer advances and progress billings | 1,192,522 | 1,098,092 | 1,178,089 | 946,730 | 826,673 | 536,878 | |||
Inventory | 1,192,522 | 1,098,092 | 1,178,089 | 946,730 | 826,673 | 536,878 | |||
Prepaid expense | 131,634 | 119,070 | 128,809 | 119,415 | 135,638 | 140,537 | |||
Deferred costs | 1,405 | 520 | 460 | 877 | 574 | 289 | |||
Derivative instruments and hedges, assets | 2,985 | 251 | 3,024 | 5,867 | |||||
Other undisclosed current assets | 210,919 | 254,832 | 218,073 | 225,484 | 223,595 | 206,014 | |||
Total current assets: | 3,811,352 | 3,868,626 | 3,762,569 | 3,385,896 | 3,188,376 | 3,228,533 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 42,981 | ||||||||
Operating lease, right-of-use asset | 40,482 | 41,119 | 48,438 | 45,108 | 45,452 | 45,721 | |||
Long-term investments and receivables | 21,098 | 25,237 | 3,242 | 35,385 | 77,723 | 87,142 | |||
Long-term investments | 21,098 | 25,237 | 3,242 | 35,385 | 77,723 | 87,142 | |||
Intangible assets, net (including goodwill) | 665,681 | 677,678 | 691,196 | 397,839 | 405,896 | 417,880 | |||
Goodwill | 446,596 | 446,364 | 446,548 | 328,322 | 328,978 | 328,924 | |||
Intangible assets, net (excluding goodwill) | 219,085 | 231,314 | 244,648 | 69,517 | 76,918 | 88,956 | |||
Deferred income tax assets | 792,299 | 795,051 | 797,214 | 824,008 | 797,924 | 798,238 | |||
Other noncurrent assets | 104,847 | 89,583 | 90,853 | 113,617 | 103,721 | 108,121 | |||
Other undisclosed noncurrent assets | 287,455 | 278,344 | 278,985 | 224,798 | 281,690 | 278,494 | |||
Total noncurrent assets: | 1,911,862 | 1,907,012 | 1,909,928 | 1,683,736 | 1,712,406 | 1,735,596 | |||
TOTAL ASSETS: | 5,723,214 | 5,775,638 | 5,672,497 | 5,069,632 | 4,900,782 | 4,964,129 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 748,766 | 825,738 | 822,424 | 1,045,828 | 439,229 | 352,999 | |||
Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 4,793 | ✕ | ✕ | ||
Taxes payable | ✕ | ✕ | ✕ | ✕ | 11,472 | ✕ | ✕ | ||
Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 152,734 | ✕ | ✕ | ||
Accounts payable | 393,144 | 444,769 | 478,486 | 516,047 | 439,229 | 352,999 | |||
Accrued liabilities | 355,622 | 380,969 | 343,938 | 360,782 | |||||
Deferred revenue | 188,104 | 202,818 | 164,758 | 137,899 | 147,808 | 156,400 | |||
Debt | 11,930 | 11,930 | 11,930 | 6,930 | 6,930 | 6,930 | |||
Restructuring reserve | 804 | 2,295 | 421 | 1,459 | 806 | ||||
Other liabilities | 301,589 | 333,150 | |||||||
Other undisclosed current liabilities | 16,137 | 15,148 | 18,677 | (150,074) | 18,327 | 18,473 | |||
Total current liabilities: | 965,741 | 1,057,929 | 1,018,210 | 1,040,583 | 915,342 | 868,758 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 1,543,900 | 1,546,400 | 1,547,495 | 1,103,517 | 1,105,092 | 1,102,537 | |||
Long-term debt, excluding current maturities | 1,543,900 | 1,546,400 | 1,547,495 | 1,061,125 | 1,062,453 | 1,062,182 | |||
Liabilities, other than long-term debt | 266,566 | 262,656 | 268,497 | 212,671 | 212,612 | 210,412 | |||
Deferred revenue | 71,873 | 67,807 | 66,620 | 62,336 | 61,845 | 62,369 | |||
Other liabilities | 156,893 | 154,870 | 156,572 | 150,335 | 150,767 | 148,043 | |||
Operating lease, liability | 37,800 | 39,979 | 45,305 | 42,392 | 42,639 | 40,355 | |||
Total noncurrent liabilities: | 1,810,466 | 1,809,056 | 1,815,992 | 1,316,188 | 1,317,704 | 1,312,949 | |||
Total liabilities: | 2,776,207 | 2,866,985 | 2,834,202 | 2,356,771 | 2,233,046 | 2,181,707 | |||
Equity | |||||||||
Equity, attributable to parent | 2,947,007 | 2,908,653 | 2,838,295 | 2,712,861 | 2,667,736 | 2,782,422 | |||
Common stock | 1,488 | 1,495 | 1,492 | 1,484 | 1,483 | 1,509 | |||
Additional paid in capital | 6,425,899 | 6,445,247 | 6,422,091 | 6,390,252 | 6,378,007 | 6,497,359 | |||
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: | 2,947,007 | 2,908,653 | 2,838,295 | 2,712,861 | 2,667,736 | 2,782,422 | |||
TOTAL LIABILITIES AND EQUITY: | 5,723,214 | 5,775,638 | 5,672,497 | 5,069,632 | 4,900,782 | 4,964,129 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 1,067,886 | 1,132,655 | 1,056,521 | 971,010 | 867,981 | 949,227 | ||
Cost of revenue (Cost of Goods and Services Sold) | (618,945) | (644,972) | (600,575) | (537,413) | (527,202) | (547,446) | ||
Gross profit: | 448,941 | 487,683 | 455,946 | 433,597 | 340,779 | 401,781 | ||
Operating expenses | (370,727) | (384,870) | (370,730) | (356,329) | (313,672) | (343,352) | ||
Operating income: | 78,214 | 102,813 | 85,216 | 77,268 | 27,107 | 58,429 | ||
Nonoperating income (expense) | (4,240) | 930 | 166 | (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: | 49,914 | 79,854 | 69,512 | 61,389 | 13,042 | 43,484 | ||
Other undisclosed income from continuing operations before income taxes | 14,427 | 7,621 | 31,807 | 3,991 | 1,789 | 3,768 | ||
Income from continuing operations before income taxes: | 64,341 | 87,475 | 101,319 | 65,380 | 14,831 | 47,252 | ||
Income tax expense (benefit) | (34,608) | (29,821) | (25,078) | (7,735) | (4,319) | (8,330) | ||
Income from continuing operations: | 29,733 | 57,654 | 76,241 | 57,645 | 10,512 | 38,922 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 57,645 | 10,512 | 38,922 | |
Net income available to common stockholders, diluted: | 29,733 | 57,654 | 76,241 | 57,645 | 10,512 | 38,922 |
Comprehensive Income ($ in thousands)Annual | Quarterly
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 | ||
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Net income: | 29,733 | 57,654 | 76,241 | 57,645 | 10,512 | 38,922 | ||
Other undisclosed comprehensive income (loss) | (47,084) | |||||||
Comprehensive income: | 29,733 | 57,654 | 76,241 | 10,561 | 10,512 | 38,922 | ||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 27,977 | (10,456) | 17,346 | 22,318 | (5,820) | (1,154) | ||
Comprehensive income, net of tax, attributable to parent: | 57,710 | 47,198 | 93,587 | 32,879 | 4,692 | 37,768 |
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.