Ciena Corp CIEN Cash Flow

Ciena corp (CIEN)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10
Cash flows provided by (used in) operating activities:
Net income
62,328	80,331	86,749	52,738	33,616	63,977	50,840	13,856	-473,363	1,160,056	60,010	38,026	3,861	36,587	33,546	13,997	-11,546	-13,832	23,625	20,653	-18,779	-30,703	16,160	-10,158	-15,936	-9,797	-1,231	-27,079	-47,324	-38,771	-29,817	-27,780	-47,653	-22,329	-31,450	-62,686	-79,056	-80,317	-109,855	-90,009	-53,333
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-28,630	0	0	0	0	-	-	-	-	-	-	-	-
Amortization of discount on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13	-12	0	-	-1	210	365
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-980	-	-5,780	2,030	7,130	-	-	-	-
Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements
25,782	22,505	22,076	21,482	21,513	21,110	21,704	20,567	20,833	21,316	20,325	18,849	16,699	16,770	16,387	15,788	14,449	14,300	14,279	13,550	13,772	14,153	14,320	13,815	13,328	13,086	13,756	14,112	14,745	15,585	14,435	14,358	14,721	15,389	15,398	14,824	14,543	14,643	14,603	7,672	5,871
Share-based compensation costs
15,602	15,290	15,084	15,607	13,755	14,076	12,337	14,166	12,393	11,517	12,013	12,005	12,825	10,161	12,622	14,733	14,477	22,938	10,266	11,329	10,807	8,726	10,761	12,051	11,392	9,688	9,885	9,827	8,320	8,738	6,826	7,942	8,888	10,011	9,033	9,022	9,864	9,109	9,652	8,517	8,282
Amortization of intangible assets
9,687	8,490	8,832	8,831	8,947	7,604	6,372	5,912	5,912	5,979	6,255	14,602	18,864	18,870	18,940	19,982	20,506	40,207	13,220	13,220	13,219	13,220	13,219	13,822	16,890	17,823	17,824	17,823	17,838	18,532	18,100	18,450	19,415	19,360	19,930	19,500	37,137	44,542	48,858	25,987	7,631
Deferred taxes
10,788	-16,084	17,656	13,256	5,037	-28,232	10,462	4,504	476,897	-1,126,732	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-120	-63	183	-	-	-	-
Provision for inventory excess and obsolescence
6,700	9,285	8,600	5,527	4,673	10,673	4,965	8,173	6,804	6,732	9,104	14,192	5,431	7,050	6,559	13,088	7,016	8,836	7,176	5,047	5,787	10,306	9,054	7,533	5,439	4,637	6,274	5,447	3,580	4,367	5,089	5,758	8,224	5,873	5,048	3,768	2,645	2,947	3,649	6,150	950
Provision for warranty
7,898	7,172	6,657	5,385	3,891	5,277	5,150	5,908	4,657	2,777	2,841	1,794	553	2,369	3,551	4,592	4,971	5,332	4,891	5,365	2,293	3,409	6,296	4,450	7,974	9,410	4,088	7,031	4,029	9,923	6,880	8,909	7,706	7,913	4,892	4,553	1,093	-1,035	7,541	5,787	3,060
Other
-4,540	1,653	-3,002	5,615	-3,356	-3,521	-5,519	-10,376	-2,269	-1,341	-10,660	-5,964	-4,452	-9,223	-7,128	2,509	-11,087	-7,979	-7,552	-20,864	10,598	-4,414	-11,090	-7,989	-2,175	-639	-3,316	-2,427	-2,641	-5,308	-421	-5,388	-2,605	-571	1,184	-2,503	-851	-1,615	-2,992	566	471
Changes in assets and liabilities:
Accounts receivable
-64,938	-68,229	45,691	-4,630	-38,544	55,661	84,641	100,494	-72,439	-14,529	90,033	-31,337	21,956	-11,694	32,903	68,197	-63,332	3,935	-13,268	45,412	1,218	-22,524	28,140	-3,743	31,291	58,613	10,282	26,986	49,540	-33,143	-18,116	-2,029	-17,078	3,593	23,679	21,900	26,451	83,352	81,589	65,882	-12,627
Inventories
4,481	-2,486	5,873	41,999	67,555	45,196	2,669	-15,221	-5,199	-2,329	-1,658	16,805	78,749	-3,267	37,245	-3,112	22,134	-6,526	-12,420	-20,855	-7,097	-28,126	8,194	17,361	40,460	18,210	-6,292	-13,358	10,383	19,422	7,408	-169	26,799	-7,878	-36,821	22,118	8,372	10,192	-7,485	29,955	8,295
Prepaid expenses and other
29,792	11,579	51,798	34,374	-1,133	10,262	13,786	13,497	-16,120	7,384	11,396	14,050	1,004	-13,360	-24,357	14,431	-6,761	22,086	8,676	4,085	11,536	-18,767	7,644	18,802	252	25,851	22,989	8,184	25,785	9,142	8,707	-5,097	-14,500	13,840	5,425	-6,058	5,095	5,380	34,472	4,260	-9,204
Operating lease right-of-use assets
-4,176	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accruals and other obligations
-142,229	36,745	17,966	49,380	-76,351	70,958	70,826	55,490	-111,476	39,857	19,014	-29,011	4,037	12,240	24,313	50,614	-80,014	11,432	7,045	-31,192	2,210	-25,043	16,837	-36,984	-14,647	66,059	24,448	18,684	6,121	-23,022	27,317	-7,535	15,850	22,103	-55,310	-21,778	-4,300	95,928	55	72,159	12,672
Deferred revenue
8,926	12,053	-133	9,224	-4,664	-14,634	1,026	-2,755	-2,981	-12,014	10,146	-4,905	8,737	-5,465	-128	9,933	-13,925	5,355	12,476	7,610	9,084	5,950	-2,625	21,893	8,230	-5,320	-9,385	18,397	1,402	5,349	-28,107	28,670	-22,634	-3,492	3,242	18,572	427	4,987	-914	-8,009	4,966
Short and long-term operating lease liabilities
-5,098	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
39,764	240,013	83,115	104,117	-14,105	68,026	88,105	37,427	35,703	138,537	50,597	71,998	-26,250	136,711	77,127	60,702	14,980	84,628	117,542	37,804	22,138	73,849	51,134	1,991	-37,158	3,551	41,996	44,857	-45,726	10,588	23,145	60,475	12,881	42,000	-17,037	-51,787	-63,661	-25,774	-130,000	-77,707	4,471
Cash flows provided by (used in) investing activities:
Payments for equipment, furniture, fixtures and intellectual property
26,820	13,516	13,774	19,944	15,345	17,230	18,440	6,284	25,662	18,596	15,676	34,622	25,706	26,024	28,111	24,177	28,873	22,380	17,830	10,705	11,194	12,242	9,489	10,709	15,776	11,930	10,388	9,253	12,243	15,098	16,850	8,252	7,898	11,229	11,718	12,155	17,265	16,561	16,371	11,266	7,009
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-147	-1,945	33	-417	-242	-1,052	-627	-32,051	-20,748	16,336	866	-19,478	-3,126	8,348	3,505	5,676	9,799	3,526	5,520
Purchase of available for sale securities
29,733	30,473	29,704	29,381	68,516	69,109	19,689	79,149	118,877	109,236	9,969	89,936	89,897	25,023	140,174	65,125	134,869	65,120	49,964	80,154	50,085	49,937	100,226	40,042	54,991	39,971	44,979	14,996	84,918	0	0	0	0	-	-	-	-	0	0	0	63,591
Proceeds from maturities of available for sale securities
30,000	128,748	30,000	30,000	60,000	120,109	90,000	90,000	110,000	75,072	80,003	85,000	95,000	70,006	50,606	80,000	30,000	65,000	50,000	50,000	40,000	45,000	20,000	45,000	85,000	15,000	30,000	0	50,000	0	0	0	0	-	-	-	-	0	29,300	245,102	179,739
Proceeds from sales of available for sale securities
0	-	0	-2	98,265	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	151	0	161,380	18,000
Settlement of foreign currency forward contracts, net
73	-1,804	414	-1,909	4,650	-4,626	-4,627	929	-1,061	1,191	-1,346	3,405	-440	8,524	5,148	4,539	295	-7,844	-5,925	-1,050	-9,314	-755	6,767	4,470	-441	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of business, net of cash acquired
28,300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of equity investment
0	0	0	2,334	333	334	666	767	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	524	6,544	0	0	0	-	-	-	-
Deposit on business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,450
Receipt of contingent consideration related to business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	16,394	-	-	-	-
Net cash provided by (used in) investing activities
-54,926	-11,700	-13,892	-19,752	69,421	-4,196	15,366	2,925	-33,478	-53,951	55,704	-42,963	-20,163	6,446	-122,827	-45,841	-134,037	22,558	-11,867	-41,853	-11,965	-16,423	-96,335	-8,276	14,641	-36,067	-25,063	-23,197	-46,534	16,953	3,898	-24,588	-8,240	14,795	-8,592	-70,397	-4,376	-22,086	21,815	-281,792	83,169
Cash flows used in financing activities:
Payment of long-term debt
0	1,750	1,750	1,750	1,750	289,730	1,000	1,000	1,000	1,000	185,258	1,000	46,296	220,126	30,726	625	14,639	20,966	711	7,565	625	625	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
382	-	-	-	0	-	-	-	-	-	-	-	-	7	202	2,981	797	1	173	187	60	964	3,263	0	0	22	9	424	3,237	2,332	0	0	0	-	-	-	-	-	-	-	-
Payment of finance lease obligations
722	720	920	921	758	813	943	954	914	912	1,122	923	605	607	1,590	2,142	1,627	1,597	1,696	1,752	2,993	759	755	758	762	965	943	751	676	664	532	699	0	-	-	-	-	-	-	-	-
Payment for debt conversion liability
0	0	0	0	111,268	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares repurchased for tax withholdings on vesting of stock unit awards
12,600	-	7,335	5,839	10,026	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock - repurchase program
49,203	39,592	45,381	45,382	19,721	37,469	35,476	33,933	4,103	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
11,862	52	11,660	336	10,899	392	10,931	796	11,008	17	10,050	637	9,708	973	12,150	1,098	8,870	10,653	9,642	1,678	8,302	145	8,548	1,558	7,412	1,838	8,105	135	5,820	145	6,307	46	5,669	19	5,658	2,250	5,275	646	93	748	83
Net cash used in financing activities
-51,017	-49,026	-43,760	-53,556	-132,624	-42,641	-26,488	-35,091	4,991	-2,617	-176,330	-94,911	-37,193	-219,767	-20,368	244,100	-8,193	-11,911	7,062	-7,826	4,624	-2,203	253,280	800	6,650	851	7,153	-217,250	1,907	-2,851	5,775	-653	5,669	19	5,658	2,250	5,275	264,964	-5,251	370,408	83
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-643	84	168	-471	695	-2,097	-2,865	-2,032	1,138	-942	946	646	-156	-693	-1,047	2,751	-3,400	-1,395	-1,984	-510	-2,794	-1,387	-278	484	-536	-27	-2,405	-179	176	522	-1,133	-148	-1,745	-1,250	-537	954	-105	1,346	-556	140	-248
Net decrease in cash, cash equivalents and restricted cash
-66,822	179,371	25,631	30,338	-76,613	19,092	74,118	3,229	8,354	81,027	-69,083	-65,230	-83,762	-77,303	-67,115	261,712	-130,650	93,880	110,753	-12,385	12,003	53,836	207,749	-5,485	-15,867	-34,100	24,086	-195,590	-90,353	22,186	32,818	35,234	10,310	55,876	-19,971	-119,934	-62,762	217,786	-113,436	10,909	87,723
Supplemental disclosure of cash flow information
Cash paid during the period for interest
9,325	9,658	9,943	9,971	10,007	13,189	9,718	11,823	10,020	13,374	10,422	11,608	11,831	15,110	11,355	10,530	9,902	9,206	9,684	13,128	8,754	12,851	6,378	10,714	6,333	10,723	5,954	10,981	4,739	14,533	2,458	14,062	2,458	14,062	2,458	13,953	2,458	7,500	2,188	0	2,560
Cash paid during the period for income taxes, net
8,325	11,997	12,315	5,856	3,402	6,801	4,963	11,638	3,498	-4,657	15,414	5,858	5,521	5,321	2,956	3,289	3,702	2,142	2,715	2,917	2,894	2,345	1,830	3,135	4,086	3,562	1,981	1,877	3,259	1,796	1,996	2,988	2,823	1,423	2,012	-1,929	1,698	-332	743	558	736
Operating lease payments
5,642	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs in accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	187	-	-	-	0	-	-	-	219	-	-	-	0	-	-	-	-	-	-	-	-
Equipment acquired under and building subject to capital lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,219	-	-	-	0	-	-	-	-	0	1,252	640	646	-	-	-	-	-	-	-	-	-	-	-	-
Construction in progress subject to build-to-suit lease
-	-	-	-	-	-	-	-	-	-	-	-	-	4,039	14,269	10,084	11,522	9,893	8,770	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities
Non-cash investing and financing activities
Purchase of equipment in accounts payable
5,905	12,221	1,535	-2,678	5,471	-559	2,451	1,212	2,014	202	2,194	-1,475	5,293	4,826	-1,233	2,655	8,782	4,205	4,984	8,463	3,270	627	-465	398	4,401	4,969	-1,784	-1,209	4,215	2,516	-1,318	-3,405	7,409	1,245	1,944	-573	3,815	838	3,772	-2,645	3,294
Repurchase of common stock in accrued liabilities from repurchase program
1,501	-	0	0	1,441	-	164	-541	1,652	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of debt conversion liability into 1,585,140 shares of common stock
0	-	0	0	52,944	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets subject to lease liability
1,157	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fixed assets acquired under capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,349	3,078	-	-133	-55	1,456	-	-	-	-