Infinera Corporation (INFN) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:191298109230264304275
Cash and cash equivalents191298109203116163149
Short-term investments   27148142126
Other undisclosed cash, cash equivalents, and short-term investments  (0)0(0)(0)0
Restricted cash and investments3341318 
Receivables359319350317126150186
Inventory, net of allowances, customer advances and progress billings291269340312215233175
Inventory291269340312215233175
Other undisclosed current assets14817213985433429
Total current assets:9921,062943957648730665
Noncurrent Assets
Operating lease, right-of-use asset456968
Property, plant and equipment   343136125111
Long-term investments and receivables    314177
Long-term investments    314177
Intangible assets, net (including goodwill)342398420460288285348
Goodwill256273250227196177192
Intangible assets, net (excluding goodwill)8712517023392108156
Regulated entity, other noncurrent assets     12
Restricted cash and investments9141926565
Other noncurrent assets38362715546
Other undisclosed noncurrent assets160153151 5612
Total noncurrent assets:595671686844470468561
TOTAL ASSETS:1,5871,7321,6281,8011,1181,1991,226
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities451379559394144141176
Accounts payable216176273191586293
Accrued liabilities147151193132403234
Employee-related liabilities88539271464750
Deferred revenue137133104
Debt110232 145  
Deferred revenue and credits725943
Contract with customer, liability89
Other undisclosed current liabilities23192120141718
Total current liabilities:612634715503375217237
Noncurrent Liabilities
Long-term debt and lease obligation531524390267 134125
Long-term debt, excluding current maturities477446324267 134125
Finance lease, liability 12
Operating lease, liability547664
Liabilities, other than long-term debt120149136224568687
Deferred revenue and credits231914
Accounts payable and accrued liabilities21212221172321
Deferred revenue323036
Contract with customer, liability32
Deferred tax liabilities, net  2536
Deferred income tax liabilities249
Liability, pension and other postretirement and postemployment benefits   104   
Other liabilities65946968161816
Other undisclosed noncurrent liabilities   10322  
Total noncurrent liabilities:65167252659578220212
Total liabilities:1,2631,3061,2421,097452436449
Stockholders' equity
Stockholders' equity attributable to parent324426387704665762762
Common stock0000000
Additional paid in capital2,0261,9651,7411,6861,4171,3541,300
Accumulated other comprehensive income (loss)(4)(12)(35)(25)6(28)1
Accumulated deficit(1,698)(1,527)(1,320)(957)(758)(564)(539)
Stockholders' equity attributable to noncontrolling interest      15
Total stockholders' equity:324426387704665762777
TOTAL LIABILITIES AND EQUITY:1,5871,7321,6281,8011,1181,1991,226

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,4251,3561,299943741870887
Revenue, net741870887
Cost of revenue(927)(947)(973)(622)(497)(476)(483)
Cost of goods and services sold    (478)(476)(483)
Gross profit:498409326321244394403
Operating expenses(585)(564)(676)(507)(427)(419)(344)
Operating income (loss):(87)(155)(350)(186)(183)(26)60
Nonoperating expense(71)(45)(33)(29)(13)(3)(8)
Investment income, nonoperating0012322
Other nonoperating income (expense)(23)1(3)(10)(2)72
Interest and debt expense(49)(47)(32)(22)(14)(13)(12)
Income (loss) from continuing operations before equity method investments, income taxes:(208)(247)(415)(237)(210)(42)40
Other undisclosed income from continuing operations before income taxes49473222141312
Income (loss) from continuing operations before income taxes:(159)(201)(384)(215)(196)(29)52
Income tax expense (benefit)(12)(6)(3)115(1)
Net income (loss):(171)(207)(387)(214)(195)(24)51
Net income attributable to noncontrolling interest     10
Net income (loss) available to common stockholders, diluted:(171)(207)(387)(214)(195)(24)51

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(171)(207)(387)(214)(195)(24)51
Other comprehensive income (loss)16(6)0(32)35(29)6
Comprehensive income (loss):(155)(213)(387)(246)(160)(54)57
Comprehensive income, net of tax, attributable to noncontrolling interest     10
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(9)29(9)    
Comprehensive income (loss), net of tax, attributable to parent:(163)(184)(396)(246)(160)(53)57

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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