← CIENA CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $72.6m | $1.3b | ($344.7m) | $253.4m | $361.3m | $500.2m | $152.9m | $254.8m | $84.0m | $123.3m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $709.8m | — | — | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $4.2m | ($722k) | ($1.9m) | ($1.2m) | ($382k) | $0 | ($5.5m) | ($6.4m) | ($2.6m) | ($12k) | |
| Amortization of Intangible Assets | $61.5m | $33.0m | $15.7m | $21.8m | $23.4m | $23.7m | $32.5m | $37.4m | $29.6m | $25.8m | |
| Depreciation | $63.4m | $77.2m | $84.2m | $87.6m | $93.9m | $96.2m | $95.9m | $92.6m | $92.8m | $104.1m | |
| Deferred Income Tax Expense (Benefit) | ($1.1m) | ($1.1b) | $463.6m | $19.9m | $64.3m | ($156.5m) | ($27.5m) | ($14.9m) | ($76.8m) | ($23.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $52.0m | $48.4m | $53.0m | $59.7m | $67.8m | $84.3m | $105.1m | $130.5m | $156.4m | $184.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $4.8m | $29.1m | $32.5m | $44.1m | $48.5m | $38.5m | $46.6m | $91.3m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | $0 | $0 | $89.1m | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | $22.7m | $29.6m | $33.8m | $23.8m | $24.6m | $112.1m | |
| Gain (Loss) on Extinguishment of Debt | $0 | $0 | ($10.0m) | $0 | $0 | $0 | $0 | ($1.9m) | $0 | $0 | |
| Income Tax Expense (Benefit) | $14.1m | ($1.1b) | $493.5m | $59.8m | $94.7m | ($37.4m) | $29.6m | $68.8m | $35.9m | $32.9m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $97.0m | $89.4m | |
| Other Nonoperating Income (Expense) | $632k | ($133k) | ($1.0m) | ($737k) | $1.6m | ($369k) | ($5.9m) | ($5.0m) | ($1.6m) | ($2.4m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $26.1m | $66.1m | $168.4m | ($65.7m) | $17.3m | $174.4m | $47.1m | $94.6m | ($80.3m) | $98.7m | |
| Increase (Decrease) in Inventories | $53.0m | $91.6m | $27.4m | $112.9m | $25.0m | $47.6m | $589.1m | $132.5m | ($153.0m) | $53.6m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | $4.1m | $26.4m | $0 | $0 | |
| Foreign Currency Transaction Gain (Loss), before Tax | $5.9m | ($4.4m) | ($19.4m) | ($9.8m) | ($13.0m) | ($14.6m) | $2.5m | ($427k) | ($11.7m) | ($63k) | |
| General and Administrative Expense | $132.8m | $142.6m | $160.1m | $174.4m | $169.5m | $181.9m | $179.4m | $215.3m | $220.6m | $238.7m | |
| Goodwill | $267.0m | $267.5m | $298.0m | $297.9m | $310.8m | $311.6m | $328.3m | $444.8m | $444.7m | $521.2m | |
| Inventory Write-down | $33.7m | $35.5m | $30.6m | $28.1m | $24.7m | $17.9m | $16.2m | $29.5m | $77.3m | $48.4m | |
| Operating Expenses | $1.0b | $1.0b | $1.1b | $1.2b | $1.2b | $1.2b | $1.3b | $1.5b | $1.6b | $1.8b | |
| Unrealized Gain (Loss) on Derivatives | $0 | — | — | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | — | $26.4m | $0 | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $289.5m | $234.9m | $229.3m | $413.1m | $493.7m | $541.6m | ($167.8m) | $168.3m | $514.5m | $806.1m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $107.2m | $94.6m | $67.6m | $62.6m | $82.7m | $79.5m | $90.8m | $106.2m | $136.6m | $140.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $32.0m | $0 | $82.7m | $0 | $28.3m | $0 | $62.0m | $230.0m | $0 | $231.1m | |
| Net Cash Provided by (Used in) Investing Activities | ($296.3m) | ($61.4m) | ($19.3m) | $24.1m | ($220.2m) | ($90.7m) | ($101.2m) | ($383.5m) | ($306.5m) | ($241.5m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $305.1m | $0 | $0 | — | $400.0m | — | — | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $230.6m | $335.1m | $410.1m | $248.7m | $110.4m | $152.3m | $698.6m | $208.1m | $140.8m | $348.6m | |
| Repayments of Long-term Debt | — | — | $292.7m | $7.0m | $5.2m | $6.9m | $5.2m | $9.4m | $11.7m | $11.6m | |
| Proceeds from Issuance of Common Stock | $23.1m | $20.4m | $23.1m | $22.9m | $28.1m | $28.5m | $30.3m | $31.4m | $34.3m | $35.9m | |
| Payments for Repurchase of Common Stock | $0 | $0 | $111.0m | $150.1m | $74.5m | $91.3m | $500.8m | $242.2m | $254.5m | $334.5m | |
| Net Cash Provided by (Used in) Financing Activities | ($4.2m) | ($311.1m) | ($99.2m) | ($279.0m) | ($87.2m) | ($116.8m) | ($133.1m) | $229.4m | ($285.1m) | ($405.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $494k | ($5.9m) | $476k | ($1.6m) | ($198k) | ($26.2m) | $2.1m | $1.2m | ($1.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $494k | ($5.9m) | $158.7m | $184.5m | $333.9m | ($428.2m) | $16.4m | ($75.8m) | $157.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $494k | ($5.9m) | $904.2m | $1.1b | $1.4b | $994.4m | $1.0b | $935.0m | $1.1b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $46.9m | $47.2m | $44.8m | $39.6m | $32.8m | $29.9m | $42.8m | $84.5m | $92.5m | $85.2m | |
| Income Taxes Paid, Net | $15.3m | $22.1m | $26.9m | $33.6m | $53.1m | $73.1m | $35.0m | $78.2m | $55.0m | $113.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.