Ciena Corporation (CIEN) financial statements (2020 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)

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9471,0148949201,053926727
Cash and cash equivalents837904745641778791587
Short-term investments110110149279275135140
Restricted cash and investments 0     
Receivables691753813634584579530
Inventory, net of allowances, customer advances and progress billings343345263267211191255
Inventory343345263267211191255
Prepaid expense154133116118103100110
Contract with customer, asset 84 
Capitalized contract cost 12 
Deferred costs001927192628
Derivative instruments and hedges, assets0200002
Other undisclosed current assets131393841424242
Total current assets:2,2662,3822,1432,0062,0131,8641,693
Noncurrent Assets
Finance lease, right-of-use asset57 
Operating lease, right-of-use asset50 
Property, plant and equipment 287292308288192127
Long-term investments and receivables101059509010550
Long-term investments10105950909550
Accounts and financing receivable, after allowance for credit loss     10 
Intangible assets, net (including goodwill)437411446368414459129
Goodwill311298298267267256 
Intangible assets, net (excluding goodwill)126113148101147203129
Regulated entity, other noncurrent assets     1115
Restricted cash and investments      0
Deferred income tax assets699715
Other noncurrent assets90897264778574
Other undisclosed noncurrent assets221 7451,155 (21)(15)
Total noncurrent assets:1,5641,5121,6141,945869831379
TOTAL ASSETS:3,8313,8933,7573,9522,8822,6952,073
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities585728681583546687610
Accounts payable312345341260236222210
Accrued liabilities273383340323310316277
Employee-related liabilities     144117
Interest and dividends payable     56
Deferred revenue122111
Debt26773522377198
Restructuring reserve  3  11
Deferred revenue and credits102109126105
Other undisclosed current liabilities  273  (155)(132)
Total current liabilities:7338469631,038892667781
Noncurrent Liabilities
Long-term debt and lease obligation7346806865841,0261,2851,279
Long-term debt, excluding current maturities6816806865841,0261,2721,275
Capital lease obligations   145
Operating lease, liability53 
Liabilities, other than long-term debt170194121194198155106
Deferred revenue and credits83746946
Deferred revenue4445
Deferred tax liabilities, net   1314
Restructuring reserve  1  01
Other liabilities1261491191111247345
Other undisclosed noncurrent liabilities  57  (34)(25)
Total noncurrent liabilities:9048758647781,2241,4071,361
Total liabilities:1,6371,7211,8271,8152,1162,0742,142
Stockholders' equity
Stockholders' equity attributable to parent2,1942,1731,9292,136766621(70)
Common stock2221111
Additional paid in capital6,8026,8386,8816,8106,7156,6405,954
Accumulated other comprehensive loss(28)(22)(6)(11)(24)(22)(15)
Accumulated deficit(4,582)(4,644)(4,948)(4,664)(5,926)(5,999)(6,010)
Total stockholders' equity:2,1942,1731,9292,136766621(70)
TOTAL LIABILITIES AND EQUITY:3,8313,8933,7573,9522,8822,6952,073

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

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
Revenues3,6273,5723,0942,8022,6012,4462,288
Revenue, net2,8022,6012,4462,288
Cost of revenue
(Cost of Goods and Services Sold)
(2,037)(2,030)(1,780)(1,556)(1,439)(1,370)(1,340)
Gross profit:1,5891,5421,3151,2461,1621,076948
Operating expenses(1,212)(1,195)(1,085)(1,031)(1,005)(975)(903)
Operating income:37734723021515610046
Nonoperating income (expense)(11)(11)(20)(5)7(50)(17)
Foreign currency transaction gain (loss), before tax(11)(10)(19)(4)6(48)(16)
Interest and debt expense(37)(37)(55)(59)(57)(51)(47)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1414(5)5(19)24(8)
Income (loss) from continuing operations before income taxes:3433131491568724(27)
Income tax expense (benefit)(60)(60)(493)1,106(14)(12)(14)
Income (loss) before gain (loss) on sale of properties:282253(345)1,2627312(41)
Other undisclosed net income    637650588
Net income (loss):282253(345)1,262710661547
Other undisclosed net loss attributable to parent    (637)(650)(588)
Net income (loss) available to common stockholders, basic:282253(345)1,2627312(41)
Other undisclosed net income (loss) available to common stockholders, diluted  (13)175  
Net income (loss) available to common stockholders, diluted:282253(358)1,2797712(41)

Comprehensive Income ($ in millions)

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
Net income (loss):282253(345)1,262710661547
Other comprehensive income (loss)(4)(16)513 (7)(7)
Comprehensive income (loss):278237(339)1,275710654540
Other undisclosed comprehensive loss, net of tax, attributable to parent(13)   (639)(650)(588)
Comprehensive income (loss), net of tax, attributable to parent:265237(339)1,275704(48)

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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