Ciena Corporation (CIEN) financial statements (2023 and earlier)

Company profile

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

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

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5791,6041,2391,0148949201,053
Cash and cash equivalents1,1191,4231,089904745641778
Short-term investments460181151110149279275
Restricted cash and investments   0   
Receivables807903741753813634584
Inventory, net of allowances, customer advances and progress billings458374344345263267211
Inventory458374344345263267211
Prepaid expense131140143133116118103
Contract with customer, asset   84 
Capitalized contract cost   12 
Deferred costs1010192719
Derivative instruments and hedges, assets71502000
Other undisclosed current assets18215214239384142
Total current assets:3,1643,1892,6112,3822,1432,0062,013
Noncurrent Assets
Finance lease, right-of-use asset 5253 
Operating lease, right-of-use asset434457 
Property, plant and equipment   287292308288
Long-term investments and receivables89708210595090
Long-term investments89708210595090
Intangible assets, net (including goodwill)424377407411446368414
Goodwill323312311298298267267
Intangible assets, net (excluding goodwill)1016597113148101147
Deferred income tax assets800800648715
Other noncurrent assets10510010389726477
Other undisclosed noncurrent assets276233219 7451,155 
Total noncurrent assets:1,7361,6761,5701,5121,6141,945869
TOTAL ASSETS:4,9004,8654,1813,8933,7573,9522,882
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities310765626728681583546
Accounts payable310356292345341260236
Accrued liabilities 409334383340323310
Deferred revenue125118109111
Debt77777352237
Restructuring reserve113 3  
Deferred revenue and credits102109
Other liabilities299      
Other undisclosed current liabilities181816 273  
Total current liabilities:7609097618469631,038892
Noncurrent Liabilities
Long-term debt and lease obligation1,1057127386806865841,026
Long-term debt, excluding current maturities1,0656706766806865841,026
Operating lease, liability394261 
Liabilities, other than long-term debt221224173194121194198
Deferred revenue and credits8374
Deferred revenue61575045
Restructuring reserve    1  
Other liabilities160167123149119111124
Other undisclosed noncurrent liabilities    57  
Total noncurrent liabilities:1,3259369118758647781,224
Total liabilities:2,0861,8451,6711,7211,8271,8152,116
Stockholders' equity
Stockholders' equity attributable to parent2,8153,0202,5102,1731,9292,136766
Common stock2222211
Additional paid in capital6,5676,8036,8276,8386,8816,8106,715
Accumulated other comprehensive income (loss)(15)0(35)(22)(6)(11)(24)
Accumulated deficit(3,739)(3,785)(4,283)(4,644)(4,948)(4,664)(5,926)
Total stockholders' equity:2,8153,0202,5102,1731,9292,136766
TOTAL LIABILITIES AND EQUITY:4,9004,8654,1813,8933,7573,9522,882

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

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Revenues3,7083,6213,5323,5723,0942,8022,601
Revenue, net2,8022,601
Cost of revenue
(Cost of Goods and Services Sold)
(1,960)(1,899)(1,879)(2,030)(1,780)(1,556)(1,439)
Gross profit:1,7481,7221,6531,5421,3151,2461,162
Operating expenses(1,269)(1,227)(1,166)(1,195)(1,085)(1,031)(1,005)
Operating income:480495487347230215156
Nonoperating income (expense)(6)(15)(11)(11)(20)(5)7
Foreign currency transaction gain (loss), before tax(3)(15)(13)(10)(19)(4)6
Other nonoperating income (expense)(3)(0)2(1)(1)(0)1
Interest and debt expense(32)(31)(31)(37)(55)(59)(57)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(5) 1214(5)5(19)
Income from continuing operations before equity method investments, income taxes:43745045631314915687
Other undisclosed income from continuing operations before income taxes1413     
Income from continuing operations before income taxes:45046345631314915687
Income tax expense (benefit)4037(95)(60)(493)1,106(14)
Income (loss) before gain (loss) on sale of properties:491500361253(345)1,26273
Other undisclosed net income      637
Net income (loss):491500361253(345)1,262710
Other undisclosed net loss attributable to parent      (637)
Net income (loss) available to common stockholders, basic:491500361253(345)1,26273
Other undisclosed net income (loss) available to common stockholders, diluted    (13)175
Net income (loss) available to common stockholders, diluted:491500361253(358)1,27977

Comprehensive Income ($ in millions)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Net income (loss):491500361253(345)1,262710
Other comprehensive income (loss) 36(13)(16)513 
Other undisclosed comprehensive income36      
Comprehensive income (loss):526536348237(339)1,275710
Other undisclosed comprehensive loss, net of tax, attributable to parent(39)     (639)
Comprehensive income (loss), net of tax, attributable to parent:487536348237(339)1,27570

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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