Infinera Corporation (INFN) financial statements (2021 and earlier)

Company profile

Business Address 6373 SAN IGNACIO AVENUE
SAN JOSE, CA 95119
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:298197203 10995
Cash and cash equivalents298197203 109 
Other undisclosed cash, cash equivalents, and short-term investments    (0)95
Restricted cash and investments354 4 
Receivables319290289 350284
Inventory, net of allowances, customer advances and progress billings269276288 340325
Inventory269276288 340325
Other undisclosed current assets172159168 139119
Total current assets:1,062926952 943823
Noncurrent Assets
Operating lease, right-of-use asset696661 6869
Property, plant and equipment 144145  157
Intangible assets, net (including goodwill)398389395 420419
Goodwill273256251 250234
Intangible assets, net (excluding goodwill)125133144 170184
Restricted cash and investments141517 1926
Other noncurrent assets363226 2713
Other undisclosed noncurrent assets153   151 
Total noncurrent assets:671645643 686684
TOTAL ASSETS:1,7321,5711,596 1,6281,506
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities379368421 559456
Accounts payable176157196 273207
Accrued liabilities151164172 193161
Employee-related liabilities534753 9289
Deferred revenue1338896 10473
Debt1022528 327
Other undisclosed current liabilities191918 2122
Total current liabilities:634500562 715558
Noncurrent Liabilities
Long-term debt and lease obligation524588574 390385
Long-term debt, excluding current maturities446516508 324319
Finance lease, liability122 21
Operating lease, liability767164 6465
Liabilities, other than long-term debt149133130 136127
Accounts payable and accrued liabilities212319 2222
Deferred revenue303031 3633
Deferred income tax liabilities456 9 
Other liabilities947674 6972
Total noncurrent liabilities:672722704 526512
Total liabilities:1,3061,2221,266 1,2421,070
Stockholders' equity
Stockholders' equity attributable to parent426349330 387427
Common stock000 00
Additional paid in capital1,9651,8881,839 1,7411,730
Accumulated other comprehensive loss(12)(22)(28) (35)(50)
Accumulated deficit(1,527)(1,517)(1,481) (1,320)(1,253)
Total stockholders' equity:426349330 387427
Other undisclosed liabilities and equity     9
TOTAL LIABILITIES AND EQUITY:1,7321,5711,596 1,6281,506

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues354340332 385325
Cost of revenue(227)(232)(234) (273)(239)
Gross profit:12610897 11187
Operating expenses(133)(135)(142) (172)(156)
Operating loss:(7)(27)(45) (61)(69)
Nonoperating expense(2)(8)(14) (6)(14)
Other nonoperating income (expense)115(2) 3(6)
Interest and debt expense(13)(13)(12) (9)(8)
Loss from continuing operations before equity method investments, income taxes:(22)(47)(71) (76)(91)
Other undisclosed income from continuing operations before income taxes131312 98
Loss from continuing operations before income taxes:(9)(35)(59) (67)(83)
Income tax expense (benefit)(1)(1)(3) 0(2)
Net loss available to common stockholders, diluted:(10)(36)(62) (67)(85)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net loss:(10)(36)(62) (67)(85)
Other comprehensive income (loss)(19)519 25(18)
Comprehensive loss:(29)(30)(43) (42)(103)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent29   (9) 
Comprehensive income (loss), net of tax, attributable to parent:0(30)(43) (51)(103)

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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