Ciena Corp CIEN Cash Flow

Ciena corp (CIEN)

CashFlow / TTM

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
282,146	253,434	237,080	201,171	162,289	-344,690	751,389	760,559	784,729	1,261,953	138,484	112,020	87,991	72,584	22,165	12,244	18,900	11,667	-5,204	-12,669	-43,480	-40,637	-19,731	-37,122	-54,043	-85,431	-114,405	-142,991	-143,692	-144,021	-127,579	-129,212	-164,118	-195,521	-253,509	-331,914	-359,237	-333,514	0	0	0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-28,630	-28,630	-28,630	-28,630	0	0	0	0	-	-	-	-	-	-	-	-
Amortization of discount on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements
91,845	87,576	86,181	85,809	84,894	84,214	84,420	83,041	81,323	77,189	72,643	68,705	65,644	63,394	60,924	58,816	56,578	55,901	55,754	55,795	56,060	55,616	54,549	53,985	54,282	55,699	58,198	58,877	59,123	59,099	58,903	59,866	60,332	60,154	59,408	58,613	51,461	42,789	0	0	0
Share-based compensation costs
61,583	59,736	58,522	55,775	54,334	52,972	50,413	50,089	47,928	48,360	47,004	47,613	50,341	51,993	64,770	62,414	59,010	55,340	41,128	41,623	42,345	42,930	43,892	43,016	40,792	37,720	36,770	33,711	31,826	32,394	33,667	35,874	36,954	37,930	37,028	37,647	37,142	35,560	0	0	0
Amortization of intangible assets
35,840	35,100	34,214	31,754	28,835	25,800	24,175	24,058	32,748	45,700	58,591	71,276	76,656	78,298	99,635	93,915	87,153	79,866	52,879	52,878	53,480	57,151	61,754	66,359	70,360	71,308	72,017	72,293	72,920	74,497	75,325	77,155	78,205	95,927	121,109	150,037	156,524	127,018	0	0	0
Deferred taxes
25,616	19,865	7,717	523	-8,229	463,631	-634,869	-645,331	-649,835	-1,126,732	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Provision for inventory excess and obsolescence
30,112	28,085	29,473	25,838	28,484	30,615	26,674	30,813	36,832	35,459	35,777	33,232	32,128	33,713	35,499	36,116	28,075	26,846	28,316	30,194	32,680	32,332	26,663	23,883	21,797	19,938	19,668	18,483	18,794	23,438	24,944	24,903	22,913	17,334	14,408	13,009	15,391	13,696	0	0	0
Provision for warranty
27,112	23,105	21,210	19,703	20,226	20,992	18,492	16,183	12,069	7,965	7,557	8,267	11,065	15,483	18,446	19,786	20,559	17,881	15,958	17,363	16,448	22,129	28,130	25,922	28,503	24,558	25,071	27,863	29,741	33,418	31,408	29,420	25,064	18,451	9,503	12,152	13,386	15,353	0	0	0
Other
-274	910	-4,264	-6,781	-22,772	-21,685	-19,505	-24,646	-20,234	-22,417	-30,299	-26,767	-18,294	-24,929	-23,685	-24,109	-47,482	-25,797	-22,232	-25,770	-12,895	-25,668	-21,893	-14,119	-8,557	-9,023	-13,692	-10,797	-13,758	-13,722	-8,985	-7,380	-4,495	-2,741	-3,785	-7,961	-4,892	-3,570	0	0	0
Changes in assets and liabilities:
Accounts receivable
-92,106	-65,712	58,178	97,128	202,252	168,357	98,167	103,559	-28,272	66,123	68,958	11,828	111,362	26,074	41,703	-4,468	-27,253	37,297	10,838	52,246	3,091	33,164	114,301	96,443	127,172	145,421	53,665	25,267	-3,748	-70,366	-33,630	8,165	32,094	75,623	155,382	213,292	257,274	218,196	0	0	0
Inventories
49,867	112,941	160,623	157,419	100,199	27,445	-20,080	-24,407	7,619	91,567	90,629	129,532	109,615	53,000	49,741	76	-17,667	-46,898	-68,498	-47,884	-9,668	37,889	84,225	69,739	39,020	8,943	10,155	23,855	37,044	53,460	26,160	-18,069	4,218	-14,209	3,861	33,197	41,034	40,957	0	0	0
Prepaid expenses and other
127,543	96,618	95,301	57,289	36,412	21,425	18,547	16,157	16,710	33,834	13,090	-22,663	-22,282	-30,047	5,399	38,432	28,086	46,383	5,530	4,498	19,215	7,931	52,549	67,894	57,276	82,809	66,100	51,818	38,537	-1,748	2,950	-332	-1,293	18,302	9,842	38,889	49,207	34,908	0	0	0
Operating lease right-of-use assets
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accruals and other obligations
-38,138	27,740	61,953	114,813	120,923	85,798	54,697	2,885	-81,616	33,897	6,280	11,579	91,204	7,153	6,345	-10,923	-92,729	-10,505	-46,980	-37,188	-42,980	-59,837	31,265	38,876	94,544	115,312	26,231	29,100	2,881	12,610	57,735	-24,892	-39,135	-59,285	14,540	69,905	163,842	180,814	0	0	0
Deferred revenue
30,070	16,480	-10,207	-9,048	-21,027	-19,344	-16,724	-7,604	-9,754	1,964	8,513	-1,761	13,077	-9,585	1,235	13,839	11,516	34,525	35,120	20,019	34,302	33,448	22,178	15,418	11,922	5,094	15,763	-2,959	7,314	-16,722	-25,563	5,786	-4,312	18,749	27,228	23,072	-3,509	1,030	0	0	0
Short and long-term operating lease liabilities
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
467,009	413,140	241,153	246,143	179,453	229,261	299,772	262,264	296,835	234,882	233,056	259,586	248,290	289,520	237,437	277,852	254,954	262,112	251,333	184,925	149,112	89,816	19,518	10,380	53,246	44,678	51,715	32,864	48,482	107,089	138,501	98,319	-13,943	-90,485	-158,259	-271,222	-297,142	-229,010	0	0	0
Cash flows provided by (used in) investing activities:
Payments for equipment, furniture, fixtures and intellectual property
74,054	62,579	66,293	70,959	57,299	67,616	68,982	66,218	94,556	94,600	102,028	114,463	104,018	107,185	103,541	93,260	79,788	62,109	51,971	43,630	43,634	48,216	47,904	48,803	47,347	43,814	46,982	53,444	52,443	48,098	44,229	39,097	43,000	52,367	57,699	62,352	61,463	51,207	0	0	0
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,060	-2,476	-2,571	-1,678	-2,338	-33,972	-54,478	-37,090	-35,597	-23,024	-5,402	-13,390	-10,751	14,403	27,328	22,506	24,521	0	0	0
Purchase of available for sale securities
119,291	158,074	196,710	186,695	236,463	286,824	326,951	317,231	328,018	299,038	214,825	345,030	320,219	365,191	405,288	315,078	330,107	245,323	230,140	280,402	240,290	245,196	235,230	179,983	154,937	184,864	144,893	99,914	84,918	0	0	0	0	-	-	-	-	63,591	0	0	0
Proceeds from maturities of available for sale securities
218,748	248,748	240,109	300,109	360,109	410,109	365,072	355,075	350,075	335,075	330,009	300,612	295,612	230,612	225,606	225,000	195,000	205,000	185,000	155,000	150,000	195,000	165,000	175,000	130,000	95,000	80,000	50,000	50,000	0	0	0	0	-	-	-	-	454,141	0	0	0
Proceeds from sales of available for sale securities
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	179,531	0	0	0
Settlement of foreign currency forward contracts, net
-3,226	1,351	-1,471	-6,512	-3,674	-9,385	-3,568	-287	2,189	2,810	10,143	16,637	17,771	18,506	2,138	-8,935	-14,524	-24,133	-17,044	-4,352	1,168	10,041	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of business, net of cash acquired
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of equity investment
2,334	2,667	3,001	3,667	2,100	1,767	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	524	7,068	7,068	7,068	6,544	0	0	0	-	-	-	-
Deposit on business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Receipt of contingent consideration related to business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,394	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities
-100,270	24,077	31,581	60,839	83,516	-19,383	-69,138	-28,800	-74,688	-61,373	-976	-179,507	-182,385	-296,259	-280,147	-169,187	-165,199	-43,127	-82,108	-166,576	-132,999	-106,393	-126,037	-54,765	-69,686	-130,861	-77,841	-48,880	-50,271	-11,977	-14,135	-26,625	-72,434	-68,570	-105,451	-75,044	-286,439	-198,894	0	0	0
Cash flows used in financing activities:
Payment of long-term debt
5,250	7,000	294,980	294,230	293,480	292,730	4,000	188,258	188,258	233,554	452,680	298,148	297,773	266,116	66,956	36,941	43,881	29,867	9,526	8,815	1,250	625	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
0	-	-	-	0	-	-	-	-	-	-	-	-	3,987	3,981	3,952	1,158	421	1,384	4,474	4,287	4,227	3,285	31	455	3,692	6,002	5,993	5,569	2,332	0	0	0	-	-	-	-	-	-	-	-
Payment of finance lease obligations
3,283	3,319	3,412	3,435	3,468	3,624	3,723	3,902	3,871	3,562	3,257	3,725	4,944	5,966	6,956	7,062	6,672	8,038	7,200	6,259	5,265	3,034	3,240	3,428	3,421	3,335	3,034	2,623	2,571	1,895	0	0	0	-	-	-	-	-	-	-	-
Payment for debt conversion liability
0	111,268	111,268	111,268	111,268	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares repurchased for tax withholdings on vesting of stock unit awards
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock - repurchase program
179,558	150,076	147,953	138,048	126,599	110,981	73,512	38,036	4,103	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
23,910	22,947	23,287	22,558	23,018	23,127	22,752	21,871	21,712	20,412	21,368	23,468	23,929	23,091	32,771	30,263	30,843	30,275	19,767	18,673	18,553	17,663	19,356	18,913	17,490	15,898	14,205	12,407	12,318	12,167	12,041	11,392	13,596	13,202	13,829	8,264	6,762	1,570	0	0	0
Net cash used in financing activities
-197,359	-278,966	-272,581	-255,309	-236,844	-99,229	-59,205	-209,047	-268,867	-311,051	-528,201	-372,239	-33,228	-4,228	203,628	231,058	-20,868	-8,051	1,657	247,875	256,501	258,527	261,581	15,454	-202,596	-207,339	-211,041	-212,419	4,178	7,940	10,810	10,693	13,596	13,202	278,147	267,238	635,396	630,204	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-862	476	-1,705	-4,738	-6,299	-5,856	-4,701	-890	1,788	494	743	-1,250	855	-2,389	-3,091	-4,028	-7,289	-6,683	-6,675	-4,969	-3,975	-1,717	-357	-2,484	-3,147	-2,435	-1,886	-614	-583	-2,504	-4,276	-3,680	-2,578	-938	1,658	1,639	825	682	0	0	0
Net decrease in cash, cash equivalents and restricted cash
168,518	158,727	-1,552	46,935	19,826	104,793	166,728	23,527	-44,932	-137,048	-295,378	-293,410	33,532	-13,356	157,827	335,695	61,598	204,251	164,207	261,203	268,103	240,233	152,297	-31,366	-221,471	-295,957	-239,671	-230,939	-115	100,548	134,238	81,449	-73,719	-146,791	15,119	-78,346	52,497	202,982	0	0	0
Supplemental disclosure of cash flow information
Cash paid during the period for interest
38,897	39,579	43,110	42,885	44,737	44,750	44,935	45,639	45,424	47,235	48,971	49,904	48,826	46,897	40,993	39,322	41,920	40,772	44,417	41,111	38,697	36,276	34,148	33,724	33,991	32,397	36,207	32,711	35,792	33,511	33,040	33,040	32,931	32,931	26,369	26,099	12,146	12,248	0	0	0
Cash paid during the period for income taxes, net
38,493	33,570	28,374	21,022	26,804	26,900	15,442	25,893	20,113	22,136	32,114	19,656	17,087	15,268	12,089	11,848	11,476	10,668	10,871	9,986	10,204	11,396	12,613	12,764	11,506	10,679	8,913	8,928	10,039	9,603	9,230	9,246	4,329	3,204	1,449	180	2,667	1,705	0	0	0
Operating lease payments
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs in accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Equipment acquired under and building subject to capital lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	2,538	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Construction in progress subject to build-to-suit lease
-	-	-	-	-	-	-	-	-	-	-	-	-	39,914	45,768	40,269	30,185	18,663	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities
Non-cash investing and financing activities
Purchase of equipment in accounts payable
16,983	16,549	3,769	4,685	8,575	5,118	5,879	5,622	2,935	6,214	10,838	7,411	11,541	15,030	14,409	20,626	26,434	20,922	17,344	11,895	3,830	4,961	9,303	7,984	6,377	6,191	3,738	4,204	2,008	5,202	3,931	7,193	10,025	6,431	6,024	7,852	5,780	5,259	0	0	0
Repurchase of common stock in accrued liabilities from repurchase program
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of debt conversion liability into 1,585,140 shares of common stock
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets subject to lease liability
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fixed assets acquired under capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-