Infinera Corporation (INFN) financial statements (2020 and earlier)

Company profile

Business Address 140 CASPIAN COURT
SUNNYVALE, CA 94089
State of Incorp. DE
Fiscal Year End December 31
SIC 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:95230264304275326297
Cash and cash equivalents 20311616314986124
Short-term investments 27148142126240173
Other undisclosed cash, cash equivalents, and short-term investments950(0)(0)0  
Restricted cash and investments 1318   
Receivables284317126150186155101
Inventory, net of allowances, customer advances and progress billings325312215233175147124
Inventory325312215233175147124
Deferred costs      1
Deferred tax assets     1
Other undisclosed current assets119854334292516
Total current assets:823957648730665652539
Noncurrent Assets
Operating lease, right-of-use asset69
Property, plant and equipment1573431361251118280
Long-term investments and receivables  3141775964
Long-term investments  3141775964
Intangible assets, net (including goodwill)419460288285348 
Goodwill234227196177192  
Intangible assets, net (excluding goodwill)18423392108156  
Regulated entity, other noncurrent assets   12  
Restricted cash and investments262656554
Deferred costs      0
Other noncurrent assets131554655
Other undisclosed noncurrent assets  5612159
Total noncurrent assets:684844470468561166162
TOTAL ASSETS:1,5061,8011,1181,1991,226818701
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities45639414414117613199
Accounts payable2071915862936240
Accrued liabilities1611324032342622
Employee-related liabilities89714647503934
Taxes payable     42
Interest and dividends payable     00
Deferred revenue73
Debt7 145    
Deferred revenue and credits7259433532
Contract with customer, liability89
Other undisclosed current liabilities2220141718810
Total current liabilities:558503375217237174141
Noncurrent Liabilities
Long-term debt and lease obligation385267 134125117109
Long-term debt, excluding current maturities319267 134125117109
Finance lease, liability1
Operating lease, liability65
Liabilities, other than long-term debt1272245686874522
Deferred revenue and credits231914115
Accounts payable and accrued liabilities222117232115 
Deferred revenue33
Contract with customer, liability32
Deferred tax liabilities, net  2536 1
Liability, pension and other postretirement and postemployment benefits 104    
Other liabilities72681618161916
Other undisclosed noncurrent liabilities 10322    
Total noncurrent liabilities:51259578220212162132
Total liabilities:1,0701,097452436449336273
Stockholders' equity
Stockholders' equity attributable to parent427704665762762482418
Common stock0000000
Additional paid in capital1,7301,6861,4171,3541,3001,0771,026
Accumulated other comprehensive income (loss)(50)(25)6(28)1(5)(3)
Accumulated deficit(1,253)(957)(758)(564)(539)(591)(604)
Stockholders' equity attributable to noncontrolling interest    15  
Total stockholders' equity:427704665762777482418
Other undisclosed liabilities and equity9     11
TOTAL LIABILITIES AND EQUITY:1,5061,8011,1181,1991,226818701

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,246943741870887668544
Revenue, net741870887668544
Cost of revenue(947)(622)(497)(476)(483)(380)(325)
Cost of goods and services sold  (478)(476)(483)(380)(325)
Gross profit:299321244394403288219
Operating expenses(703)(507)(427)(419)(344)(261)(243)
Operating income (loss):(404)(186)(183)(26)6027(24)
Nonoperating expense(47)(29)(13)(3)(8)(11)(6)
Investment income, nonoperating223223(1)
Other nonoperating income (expense)(12)(10)(2)72(1)(1)
Interest and debt expense(36)(22)(14)(13)(12)(11)(6)
Income (loss) from continuing operations before equity method investments, income taxes:(487)(237)(210)(42)405(37)
Other undisclosed income from continuing operations before income taxes3622141312116
Income (loss) from continuing operations before income taxes:(450)(215)(196)(29)5216(30)
Income tax expense (benefit)(3)115(1)(3)(2)
Net income (loss):(453)(214)(195)(24)5114(32)
Net income attributable to noncontrolling interest   10  
Net income (loss) available to common stockholders, diluted:(453)(214)(195)(24)5114(32)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(453)(214)(195)(24)5114(32)
Other comprehensive income (loss)(30)(32)35(29)6(1)(1)
Comprehensive income (loss):(484)(246)(160)(54)5713(33)
Comprehensive income, net of tax, attributable to noncontrolling interest   10  
Comprehensive income (loss), net of tax, attributable to parent:(484)(246)(160)(53)5713(33)

Statements sources

The financial statements are based on the company's filings with the 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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