Infinera corp (INFN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jul'17Apr'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue:
Revenue

330,273

384,567

325,341

296,250

292,707

332,058

200,413

208,227

202,681

195,816

192,580

176,821

175,522

181,043

185,452

258,822

244,818

260,034

232,472

207,346

186,862

186,306

173,559

165,399

142,815

139,092

142,020

138,385

124,625

128,064

112,214

93,458

104,701

112,009

104,022

95,956

92,890

130,061

111,398

Ratable product and related support and services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

450

523

531

-

847

814

922

1,460

1,664

Cost of revenue:
Amortization of intangible assets

8,628

8,437

7,796

8,098

8,252

8,315

4,876

4,943

5,341

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition and integration costs

1,035

7,238

8,447

10,700

2,064

13,463

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of ratable product and related support and services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102

166

191

-

167

294

385

874

929

Restructuring and related

1,157

5,407

1,198

1,864

21,466

2,580

7

26

17

19,141

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-60

-29

Total cost of revenue

253,307

273,161

238,512

234,994

226,275

247,554

130,234

123,922

120,513

148,530

124,754

111,989

111,466

112,011

100,850

135,076

128,480

144,270

129,667

110,550

98,750

101,963

98,257

95,146

84,409

83,180

73,649

86,731

81,923

84,796

70,714

61,084

64,274

67,325

63,373

58,542

50,146

65,589

64,088

Gross profit

76,966

111,406

86,829

61,256

66,432

84,504

70,179

84,305

82,168

47,286

67,826

64,832

64,056

69,032

84,602

123,746

116,338

115,764

102,805

96,796

88,112

84,343

75,302

70,253

58,406

55,912

68,371

51,654

42,702

43,268

41,500

32,374

40,427

44,684

40,649

37,414

42,744

64,472

47,310

Operating expenses:
Research and development

68,180

68,632

71,748

73,937

73,660

-

-

-

-

-

56,616

-

-

67,602

50,855

59,541

54,145

52,559

45,466

43,421

39,257

37,349

35,051

31,738

29,346

30,859

32,528

31,681

29,726

26,660

27,912

31,676

30,985

31,218

31,694

32,899

31,309

29,886

28,923

Sales and marketing

36,689

37,979

35,756

37,651

40,037

-

-

-

-

-

27,824

-

-

23,244

27,960

30,465

30,009

34,100

24,721

21,535

21,042

22,288

20,794

18,082

17,862

19,857

17,720

17,155

18,046

20,558

19,285

17,777

18,242

18,336

17,545

14,957

13,935

14,847

13,682

General and administrative

29,620

30,014

27,621

35,672

33,044

-

-

-

-

-

17,634

-

-

15,995

16,646

17,658

17,313

15,316

18,358

15,310

12,656

11,840

11,977

12,381

12,254

12,277

11,678

11,426

9,872

11,563

12,508

12,320

11,084

14,119

13,112

13,635

13,509

15,609

14,448

Amortization of intangible assets

4,555

6,617

6,861

6,745

7,057

24,735

1,467

1,487

1,607

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition and integration costs

9,222

-

18,496

5,630

7,134

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and related

5,580

18,024

2,168

3,471

17,188

10,804

191

1,680

-163

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2

Total operating expenses

153,846

172,277

156,116

169,640

178,120

198,728

95,337

105,924

106,846

117,793

102,074

105,337

101,883

114,900

95,461

107,664

101,467

101,975

88,545

80,266

72,955

71,477

67,822

62,201

59,462

62,993

61,926

60,262

57,644

58,781

59,705

61,773

60,311

63,544

62,351

61,491

58,753

60,342

57,051

Loss from operations

-76,880

-60,871

-69,287

-108,384

-111,688

-114,224

-25,158

-21,619

-24,678

-70,507

-34,248

-40,505

-37,827

-45,868

-10,859

16,082

14,871

13,789

14,260

16,530

15,157

12,866

7,480

8,052

-1,056

-7,081

6,445

-8,608

-14,942

-15,513

-18,205

-29,399

-19,884

-18,860

-21,702

-24,077

-16,009

4,130

-9,741

Other income (expense), net:
Interest income

24

59

131

183

766

-

-

-

-

-

857

-

-

714

647

595

522

466

406

551

414

410

373

337

336

287

232

207

197

233

175

228

275

272

205

225

312

283

325

Interest expense

8,794

8,946

7,868

7,280

7,563

-

-

-

-

-

3,549

-

-

3,243

3,313

3,176

3,155

3,090

3,014

2,947

2,890

2,835

2,781

2,728

2,677

2,634

2,578

849

0

-

0

0

-

-

-

-

-

-

-

Other gain (loss), net

-12,682

3,001

-6,195

3,210

-2,923

-

-

-

-

-

-80

-

-

8,118

-188

-714

-214

611

-3,293

4,780

301

-348

-24

-264

-729

-336

-444

-158

-203

-158

-617

149

-424

-216

188

20

-411

172

-208

Total other income (expense), net

-21,452

-5,886

-13,932

-3,887

-9,720

-19,231

-7,317

-443

-2,280

-4,449

-2,772

-2,846

-2,782

5,589

-2,854

-3,295

-2,847

-2,013

-5,901

2,384

-2,175

-2,773

-2,432

-2,655

-3,070

-2,683

-2,790

-800

-6

75

-442

377

-149

56

393

245

-99

455

117

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

-98,300

-66,757

-83,219

-112,271

-121,400

-133,455

-32,475

-22,062

-26,958

-74,956

-37,000

-43,351

-40,609

-40,279

-13,713

12,787

12,024

11,776

8,359

18,914

12,982

10,093

5,048

5,397

-4,126

-9,764

3,655

-9,408

-14,948

-15,438

-18,647

-29,022

-20,033

-18,804

-21,309

-23,832

-16,108

4,585

-9,624

Income Tax Expense (Benefit)

900

-163

1,548

1,385

200

12

135

-124

-678

-971

211

-512

-158

-4,075

-2,416

1,475

216

-392

-151

1,008

616

1,683

205

617

248

414

308

601

331

650

434

527

579

546

497

362

286

225

-63

Net loss

-

-

-

-

-

-

-

-

-

-73,985

-

-42,839

-40,451

-36,253

-11,297

11,312

11,808

12,168

8,510

17,906

12,366

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Loss attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-125

-171

-207

-463

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-99,268

-66,594

-84,767

-113,656

-121,601

-133,467

-32,610

-21,938

-26,280

-

-37,231

-

-

-36,253

-11,172

11,483

12,015

12,631

8,510

17,906

12,366

8,410

4,843

4,780

-4,374

-10,178

3,347

-10,009

-15,279

-16,088

-19,081

-29,549

-20,612

-19,350

-21,806

-24,194

-16,394

4,360

-9,561

Earnings Per Share [Abstract]
Basic (in usd per share)

-0.55

-0.37

-0.47

-0.64

-0.69

-0.76

-0.21

-0.14

-0.17

-0.50

-0.25

-0.29

-0.28

-0.26

-0.08

0.08

0.09

0.09

0.06

0.14

0.10

0.07

0.04

0.04

-0.04

-0.08

0.03

-0.09

-0.13

-0.14

-0.17

-0.27

-0.19

-0.18

-0.21

-0.23

-0.16

0.04

-0.10

Diluted (in usd per share)

-0.55

-0.37

-0.47

-0.64

-0.69

-0.76

-0.21

-0.14

-0.17

-0.50

-0.25

-0.29

-0.28

-0.25

-0.08

0.08

0.08

0.08

0.06

0.13

0.09

0.07

0.04

0.04

-0.04

-0.08

0.03

-0.09

-0.13

-0.14

-0.17

-0.27

-0.19

-0.18

-0.21

-0.23

-0.16

0.04

-0.10

Weighted average shares used in computing net loss per common share:
Weighted Average Number of Shares Outstanding, Basic

182,024

180,865

179,987

178,678

176,406

-

-

-

-

-

148,777

-

-

144,905

143,850

142,396

140,805

140,013

134,834

130,349

127,840

125,830

124,378

123,128

121,352

119,741

118,740

116,911

114,308

112,308

111,579

110,403

108,666

106,873

106,264

105,165

103,426

99,976

98,777

Diluted (in shares)

182,024

180,865

179,987

178,678

176,406

-

-

-

-

-

148,777

-

-

135,335

143,850

145,891

146,880

149,438

145,300

140,642

137,304

137,186

128,964

126,758

121,352

113,802

124,679

116,911

114,308

112,308

111,579

110,403

108,666

106,873

106,264

105,165

103,426

105,159

98,777

Product [Member]
Revenue

255,192

307,861

253,754

226,866

223,007

249,608

167,030

175,288

171,629

160,543

159,579

143,360

147,053

151,365

156,188

227,532

216,082

227,040

202,365

178,982

160,843

158,492

147,178

142,364

124,242

115,102

121,332

120,647

108,343

110,948

98,853

77,843

92,391

96,201

89,554

84,361

82,528

115,121

98,035

Cost of revenue

201,792

213,536

186,205

177,501

157,817

197,251

112,276

105,914

102,324

110,512

111,803

95,267

94,452

81,987

91,064

122,438

118,062

130,765

117,154

99,491

89,506

89,809

86,703

85,906

78,438

73,385

66,685

80,198

75,447

77,586

66,510

56,017

59,324

62,199

57,449

54,540

46,618

58,552

57,668

Service [Member]
Revenue

75,081

76,706

71,587

69,384

69,700

82,450

33,383

32,939

31,052

35,273

33,001

33,461

28,469

29,678

29,264

31,290

28,736

32,994

30,107

28,364

26,019

27,814

26,381

23,035

18,573

23,990

20,688

17,738

16,282

18,620

12,911

15,092

11,779

18,391

13,621

10,781

9,440

13,480

11,699

Cost of revenue

40,695

38,543

34,866

36,831

36,676

39,408

13,075

13,039

12,831

13,708

12,951

11,687

12,134

10,309

9,786

12,638

10,418

13,505

12,513

11,059

9,244

12,154

11,554

9,240

5,971

9,795

6,964

6,533

6,476

7,669

4,102

4,901

4,759

5,972

5,757

3,708

3,143

6,223

5,520