Infinera Corporation (INFN) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:298109230264304275326
Cash and cash equivalents29810920311616314986
Short-term investments  27148142126240
Other undisclosed cash, cash equivalents, and short-term investments (0)0(0)(0)0 
Restricted cash and investments341318  
Receivables319350317126150186155
Inventory, net of allowances, customer advances and progress billings269340312215233175147
Inventory269340312215233175147
Other undisclosed current assets1721398543342925
Total current assets:1,062943957648730665652
Noncurrent Assets
Operating lease, right-of-use asset6968
Property, plant and equipment  34313612511182
Long-term investments and receivables   31417759
Long-term investments   31417759
Intangible assets, net (including goodwill)398420460288285348 
Goodwill273250227196177192 
Intangible assets, net (excluding goodwill)12517023392108156 
Regulated entity, other noncurrent assets    12 
Restricted cash and investments1419265655
Other noncurrent assets3627155465
Other undisclosed noncurrent assets153151 561215
Total noncurrent assets:671686844470468561166
TOTAL ASSETS:1,7321,6281,8011,1181,1991,226818
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities379559394144141176131
Accounts payable17627319158629362
Accrued liabilities15119313240323426
Employee-related liabilities53927146475039
Taxes payable      4
Interest and dividends payable      0
Deferred revenue133104
Debt10232 145   
Deferred revenue and credits72594335
Contract with customer, liability89
Other undisclosed current liabilities1921201417188
Total current liabilities:634715503375217237174
Noncurrent Liabilities
Long-term debt and lease obligation524390267 134125117
Long-term debt, excluding current maturities446324267 134125117
Finance lease, liability12
Operating lease, liability7664
Liabilities, other than long-term debt14913622456868745
Deferred revenue and credits23191411
Accounts payable and accrued liabilities21222117232115
Deferred revenue3036
Contract with customer, liability32
Deferred tax liabilities, net  2536 
Deferred income tax liabilities49
Liability, pension and other postretirement and postemployment benefits  104    
Other liabilities94696816181619
Other undisclosed noncurrent liabilities  10322   
Total noncurrent liabilities:67252659578220212162
Total liabilities:1,3061,2421,097452436449336
Stockholders' equity
Stockholders' equity attributable to parent426387704665762762482
Common stock0000000
Additional paid in capital1,9651,7411,6861,4171,3541,3001,077
Accumulated other comprehensive income (loss)(12)(35)(25)6(28)1(5)
Accumulated deficit(1,527)(1,320)(957)(758)(564)(539)(591)
Stockholders' equity attributable to noncontrolling interest     15 
Total stockholders' equity:426387704665762777482
TOTAL LIABILITIES AND EQUITY:1,7321,6281,8011,1181,1991,226818

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,3561,299943741870887668
Revenue, net741870887668
Cost of revenue(947)(973)(622)(497)(476)(483)(380)
Cost of goods and services sold   (478)(476)(483)(380)
Gross profit:409326321244394403288
Operating expenses(564)(676)(507)(427)(419)(344)(261)
Operating income (loss):(155)(350)(186)(183)(26)6027
Nonoperating expense(45)(33)(29)(13)(3)(8)(11)
Investment income, nonoperating0123223
Other nonoperating income (expense)1(3)(10)(2)72(1)
Interest and debt expense(47)(32)(22)(14)(13)(12)(11)
Income (loss) from continuing operations before equity method investments, income taxes:(247)(415)(237)(210)(42)405
Other undisclosed income from continuing operations before income taxes47322214131211
Income (loss) from continuing operations before income taxes:(201)(384)(215)(196)(29)5216
Income tax expense (benefit)(6)(3)115(1)(3)
Net income (loss):(207)(387)(214)(195)(24)5114
Net income attributable to noncontrolling interest    10 
Net income (loss) available to common stockholders, diluted:(207)(387)(214)(195)(24)5114

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(207)(387)(214)(195)(24)5114
Other comprehensive income (loss)(6)0(32)35(29)6(1)
Comprehensive income (loss):(213)(387)(246)(160)(54)5713
Comprehensive income, net of tax, attributable to noncontrolling interest    10 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent29(9)     
Comprehensive income (loss), net of tax, attributable to parent:(184)(396)(246)(160)(53)5713

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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