Infinera Corporation (INFN) Financial Statements (2024 and earlier)

Company Profile

Business Address 6373 SAN IGNACIO AVENUE
SAN JOSE, CA 95119
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:178,657190,611298,014109,200229,500263,900
Cash and cash equivalents178,657190,611298,014109,201202,954116,345
Short-term investments     26,511147,596
Other undisclosed cash, cash equivalents, and short-term investments    (1)35(41)
Restricted cash and investments7,2742,8403,2934,33913,229544
Receivables419,735358,954319,428349,645317,115126,152
Inventory, net of allowances, customer advances and progress billings374,855291,367269,307340,429311,888214,704
Inventory374,855291,367269,307340,429311,888214,704
Other undisclosed current assets152,451147,989171,831139,21885,36542,637
Total current assets:1,132,972991,7611,061,873942,831957,097647,937
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,900   
Operating lease, right-of-use asset34,54345,33868,85168,081
Property, plant and equipment     342,820135,942
Long-term investments and receivables      31,019
Long-term investments      31,019
Intangible assets, net (including goodwill)280,450342,362398,308420,194460,350287,803
Goodwill232,663255,788273,426249,848227,231195,615
Intangible assets, net (excluding goodwill)47,78786,574124,882170,346233,11992,188
Restricted cash and investments3,2729,07014,07619,25726,1544,597
Other noncurrent assets44,97238,47536,25627,18214,8495,262
Other undisclosed noncurrent assets171,029160,218153,133150,793 5,110
Total noncurrent assets:536,166595,463670,624685,507844,173469,733
TOTAL ASSETS:1,669,1381,587,2241,732,4971,628,3381,801,2701,117,670
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities446,330451,454379,288558,786394,230143,657
Employee-related liabilities88,02152,97692,22171,15245,751
Accounts payable304,880216,404175,762273,397191,18758,124
Accrued liabilities141,450147,029150,550193,168131,89139,782
Deferred revenue158,501137,297133,246103,753
Debt510533101,98331,673 144,928
Deferred revenue and credits72,421
Contract with customer, liability88,534
Other undisclosed current liabilities98,59623,20419,36921,10720,10313,670
Total current liabilities:703,937612,488633,886715,319502,867374,676
Noncurrent Liabilities
Long-term debt and lease obligation667,719531,115523,505390,282266,929 
Long-term debt, excluding current maturities667,719476,789445,996323,678266,929 
Finance lease, liability   1,3832,394
Liabilities, other than long-term debt117,835119,850148,822136,202224,49156,020
Deferred revenue and credits22,502
Accounts payable and accrued liabilities16,87421,10621,33922,24120,91817,239
Deferred revenue23,17831,61229,81036,067
Contract with customer, liability31,768
Deferred income tax liabilities2,3482,3644,1648,700
Liability, pension and other postretirement and postemployment benefits     103,723 
Other liabilities29,57364,76893,50969,19468,08216,279
Operating lease, liability45,86254,32676,12664,210
Other undisclosed noncurrent liabilities     103,16221,609
Total noncurrent liabilities:785,554650,965672,327526,484594,58277,629
Total liabilities:1,489,4911,263,4531,306,2131,241,8031,097,449452,305
Equity
Equity, attributable to parent179,647323,771426,284386,535703,821665,365
Common stock220211201181175149
Additional paid in capital1,901,4912,026,0981,965,2451,740,8841,685,9161,417,043
Accumulated other comprehensive income (loss)(22,471)(4,496)(11,898)(34,639)(25,300)6,254
Accumulated deficit(1,699,593)(1,698,042)(1,527,264)(1,319,891)(956,970)(758,081)
Total equity:179,647323,771426,284386,535703,821665,365
TOTAL LIABILITIES AND EQUITY:1,669,1381,587,2241,732,4971,628,3381,801,2701,117,670

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,573,2421,425,2051,355,5961,298,865943,379740,739
Revenue, net740,739
Cost of revenue(1,037,466)(927,231)(946,804)(972,942)(622,223)(496,739)
Cost of goods and services sold      (477,598)
Gross profit:535,776497,974408,792325,923321,156244,000
Operating expenses(595,933)(585,453)(563,991)(676,153)(506,835)(427,087)
Operating loss:(60,157)(87,479)(155,199)(350,230)(185,679)(183,087)
Nonoperating income (expense)4,646(71,311)(45,489)(33,425)(29,271)(12,849)
Investment income, nonoperating8934551181,1392,4283,328
Other nonoperating income (expense)14,247(22,667)1,121(2,907)(9,650)(2,160)
Interest and debt expense15,521(49,099)(46,728)(31,657)(22,049)(14,017)
Income (loss) from continuing operations before equity method investments, income taxes:(39,990)(207,889)(247,416)(415,312)(236,999)(209,953)
Other undisclosed income (loss) from continuing operations before income taxes(15,521)49,09946,72831,65722,04914,017
Income (loss) from continuing operations before income taxes:(55,511)(158,790)(200,688)(383,655)(214,950)(195,936)
Income tax expense (benefit)(20,532)(11,988)(6,035)(2,963)6551,430
Loss from continuing operations:(76,043)(170,778)(206,723)(386,618)(214,295)(194,506)
Loss before gain (loss) on sale of properties:(170,778)(206,723)(386,618)(214,295)(194,506)
Net loss available to common stockholders, diluted:(76,043)(170,778)(206,723)(386,618)(214,295)(194,506)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(76,043)(170,778)(206,723)(386,618)(214,295)(194,506)
Other comprehensive income (loss) 22,86415,963(6,299)91(31,554)34,578
Other undisclosed comprehensive income      
Comprehensive income (loss):(53,179)(154,815)(213,022)(386,527)(245,849)(159,928)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(40,839)(8,561)29,040(9,430)  
Comprehensive loss, net of tax, attributable to parent:(94,018)(163,376)(183,982)(395,957)(245,849)(159,928)

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: