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)

12/31/2019
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:109230264304275326297
Cash and cash equivalents10920311616314986124
Short-term investments 27148142126240173
Other undisclosed cash, cash equivalents, and short-term investments(0)0(0)(0)0  
Restricted cash and investments41318   
Receivables350317126150186155101
Inventory, net of allowances, customer advances and progress billings340312215233175147124
Inventory340312215233175147124
Deferred costs      1
Deferred tax assets     1
Other undisclosed current assets139854334292516
Total current assets:943957648730665652539
Noncurrent Assets
Operating lease, right-of-use asset68
Property, plant and equipment 3431361251118280
Long-term investments and receivables  3141775964
Long-term investments  3141775964
Intangible assets, net (including goodwill)420460288285348 
Goodwill250227196177192  
Intangible assets, net (excluding goodwill)17023392108156  
Regulated entity, other noncurrent assets   12  
Restricted cash and investments192656554
Deferred costs      0
Other noncurrent assets271554655
Other undisclosed noncurrent assets151 5612159
Total noncurrent assets:686844470468561166162
TOTAL ASSETS:1,6281,8011,1181,1991,226818701
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities55939414414117613199
Accounts payable2731915862936240
Accrued liabilities1931324032342622
Employee-related liabilities92714647503934
Taxes payable     42
Interest and dividends payable     00
Deferred revenue104
Debt32 145    
Deferred revenue and credits7259433532
Contract with customer, liability89
Other undisclosed current liabilities2120141718810
Total current liabilities:715503375217237174141
Noncurrent Liabilities
Long-term debt and lease obligation390267 134125117109
Long-term debt, excluding current maturities324267 134125117109
Finance lease, liability2
Operating lease, liability64
Liabilities, other than long-term debt1362245686874522
Deferred revenue and credits231914115
Accounts payable and accrued liabilities222117232115 
Deferred revenue36
Contract with customer, liability32
Deferred tax liabilities, net  2536 1
Deferred income tax liabilities9
Liability, pension and other postretirement and postemployment benefits 104    
Other liabilities69681618161916
Other undisclosed noncurrent liabilities 10322    
Total noncurrent liabilities:52659578220212162132
Total liabilities:1,2421,097452436449336273
Stockholders' equity
Stockholders' equity attributable to parent387704665762762482418
Common stock0000000
Additional paid in capital1,7411,6861,4171,3541,3001,0771,026
Accumulated other comprehensive income (loss)(35)(25)6(28)1(5)(3)
Accumulated deficit(1,320)(957)(758)(564)(539)(591)(604)
Stockholders' equity attributable to noncontrolling interest    15  
Total stockholders' equity:387704665762777482418
Other undisclosed liabilities and equity      11
TOTAL LIABILITIES AND EQUITY:1,6281,8011,1181,1991,226818701

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,299943741870887668544
Revenue, net741870887668544
Cost of revenue(973)(622)(497)(476)(483)(380)(325)
Cost of goods and services sold  (478)(476)(483)(380)(325)
Gross profit:326321244394403288219
Operating expenses(676)(507)(427)(419)(344)(261)(243)
Operating income (loss):(350)(186)(183)(26)6027(24)
Nonoperating expense(33)(29)(13)(3)(8)(11)(6)
Investment income, nonoperating123223(1)
Other nonoperating income (expense)(3)(10)(2)72(1)(1)
Interest and debt expense(32)(22)(14)(13)(12)(11)(6)
Income (loss) from continuing operations before equity method investments, income taxes:(415)(237)(210)(42)405(37)
Other undisclosed income from continuing operations before income taxes3222141312116
Income (loss) from continuing operations before income taxes:(384)(215)(196)(29)5216(30)
Income tax expense (benefit)(3)115(1)(3)(2)
Net income (loss):(387)(214)(195)(24)5114(32)
Net income attributable to noncontrolling interest   10  
Net income (loss) available to common stockholders, diluted:(387)(214)(195)(24)5114(32)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(387)(214)(195)(24)5114(32)
Other comprehensive income (loss)0(32)35(29)6(1)(1)
Comprehensive income (loss):(387)(246)(160)(54)5713(33)
Comprehensive income, net of tax, attributable to noncontrolling interest   10  
Other undisclosed comprehensive loss, net of tax, attributable to parent(9)      
Comprehensive income (loss), net of tax, attributable to parent:(396)(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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