Ciena Corporation (CIEN) financial statements (2021 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)

1/31/2021
TTM
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1811,2391,0148949201,053926
Cash and cash equivalents1,0291,089904745641778791
Short-term investments151151110149279275135
Restricted cash and investments  0    
Receivables726741753813634584579
Inventory, net of allowances, customer advances and progress billings390344345263267211191
Inventory390344345263267211191
Prepaid expense150143133116118103100
Contract with customer, asset  84 
Capitalized contract cost  12 
Deferred costs11019271926
Derivative instruments and hedges, assets8020000
Other undisclosed current assets1411423938414242
Total current assets:2,5972,6112,3822,1432,0062,0131,864
Noncurrent Assets
Finance lease, right-of-use asset5453 
Operating lease, right-of-use asset5457 
Property, plant and equipment  287292308288192
Long-term investments and receivables1028210595090105
Long-term investments102821059509095
Accounts and financing receivable, after allowance for credit loss      10
Intangible assets, net (including goodwill)403407411446368414459
Goodwill311311298298267267256
Intangible assets, net (excluding goodwill)9297113148101147203
Regulated entity, other noncurrent assets      11
Deferred income tax assets647648715
Other noncurrent assets1021038972647785
Other undisclosed noncurrent assets227219 7451,155 (21)
Total noncurrent assets:1,5901,5701,5121,6141,945869831
TOTAL ASSETS:4,1874,1813,8933,7573,9522,8822,695
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities247626728681583546687
Accounts payable247292345341260236222
Accrued liabilities 334383340323310316
Employee-related liabilities      144
Interest and dividends payable      5
Deferred revenue136109111
Debt77773522377
Restructuring reserve23 3  1
Deferred revenue and credits102109126
Other liabilities275      
Other undisclosed current liabilities1716 273  (155)
Total current liabilities:6857618469631,038892667
Noncurrent Liabilities
Long-term debt and lease obligation7327386806865841,0261,285
Long-term debt, excluding current maturities6756766806865841,0261,272
Capital lease obligations   14
Operating lease, liability5861 
Liabilities, other than long-term debt183173194121194198155
Deferred revenue and credits837469
Deferred revenue545045
Deferred tax liabilities, net   13
Restructuring reserve   1  0
Other liabilities12912314911911112473
Other undisclosed noncurrent liabilities   57  (34)
Total noncurrent liabilities:9169118758647781,2241,407
Total liabilities:1,6001,6711,7211,8271,8152,1162,074
Stockholders' equity
Stockholders' equity attributable to parent2,5872,5102,1731,9292,136766621
Common stock2222111
Additional paid in capital6,8266,8276,8386,8816,8106,7156,640
Accumulated other comprehensive loss(12)(35)(22)(6)(11)(24)(22)
Accumulated deficit(4,230)(4,283)(4,644)(4,948)(4,664)(5,926)(5,999)
Total stockholders' equity:2,5872,5102,1731,9292,136766621
TOTAL LIABILITIES AND EQUITY:4,1874,1813,8933,7573,9522,8822,695

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

1/31/2021
TTM
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
Revenues3,4563,5323,5723,0942,8022,6012,446
Revenue, net2,8022,6012,446
Cost of revenue
(Cost of Goods and Services Sold)
(1,816)(1,879)(2,030)(1,780)(1,556)(1,439)(1,370)
Gross profit:1,6401,6531,5421,3151,2461,1621,076
Operating expenses(1,155)(1,166)(1,195)(1,085)(1,031)(1,005)(975)
Operating income:485487347230215156100
Nonoperating income (expense)(17)(11)(11)(20)(5)7(50)
Foreign currency transaction gain (loss), before tax(19)(13)(10)(19)(4)6(48)
Interest and debt expense(30)(31)(37)(55)(59)(57)(51)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes131214(5)5(19)24
Income from continuing operations before income taxes:4514563131491568724
Income tax expense (benefit)(97)(95)(60)(493)1,106(14)(12)
Income (loss) before gain (loss) on sale of properties:354361253(345)1,2627312
Other undisclosed net income     637650
Net income (loss):354361253(345)1,262710661
Other undisclosed net loss attributable to parent     (637)(650)
Net income (loss) available to common stockholders, basic:354361253(345)1,2627312
Other undisclosed net income (loss) available to common stockholders, diluted   (13)175 
Net income (loss) available to common stockholders, diluted:354361253(358)1,2797712

Comprehensive Income ($ in millions)

1/31/2021
TTM
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
Net income (loss):354361253(345)1,262710661
Other comprehensive income (loss) (13)(16)513 (7)
Other undisclosed comprehensive loss(13)      
Comprehensive income (loss):341348237(339)1,275710654
Other undisclosed comprehensive income (loss), net of tax, attributable to parent29    (639)(650)
Comprehensive income (loss), net of tax, attributable to parent:370348237(339)1,275704

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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