For the year ending 2025-11-01, CIEN had $157,171K increase in cash & cash equivalents over the period. $665,292K in free cash flow.
| Cash Flow | 2025-11-01 | 2024-11-02 | 2023-10-28 | 2022-10-29 |
|---|---|---|---|---|
| Net income | 123,338 | 83,956 | 254,827 | 152,902 |
| Loss on extinguishment of debt | 0 | 0 | -1,864 | - |
| Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements | 104,133 | 92,846 | 92,564 | 95,922 |
| Impairment of intangible assets, finite-lived | 89,100 | - | - | - |
| Share-based compensation costs | 184,525 | 156,404 | 130,455 | 105,131 |
| Amortization of intangible assets | 36,205 | 40,624 | 49,616 | 44,281 |
| Deferred taxes | -23,173 | -76,810 | -14,852 | -27,502 |
| Provision for inventory excess and obsolescence | 48,424 | 77,341 | 29,464 | 16,184 |
| Provision for warranty | 24,442 | 25,643 | 31,742 | 17,440 |
| Gain on equity investments, net | 0 | 0 | 26,368 | - |
| Other | 736 | -11,768 | -15,771 | 0 |
| Accounts receivable | 98,743 | -80,313 | 94,565 | 47,069 |
| Inventories | 53,602 | -153,021 | 132,497 | 589,113 |
| Prepaid expenses and other | -86,204 | 198,910 | 51,965 | 58,996 |
| Operating lease right-of-use assets | -11,613 | -11,837 | -14,190 | -16,453 |
| Accounts payable, accruals and other obligations | 226,486 | 64,255 | -138,469 | 100,327 |
| Deferred revenue | 63,760 | 9,884 | 27,412 | 26,380 |
| Short and long-term operating lease liabilities | -15,883 | -17,640 | -20,857 | -20,096 |
| Net cash provided by operating activities | 806,093 | 514,532 | 168,332 | -167,756 |
| Payments for equipment, furniture, fixtures and intellectual property | 140,801 | 136,641 | 106,197 | 90,818 |
| Purchases of investments | 214,162 | 287,536 | 252,329 | 643,971 |
| Proceeds from sales and maturities of investments | 348,579 | 140,836 | 208,104 | 698,642 |
| Proceeds from sale of cost method equity investment | - | - | 0 | 0 |
| Purchase of cost method equity investment | - | - | 0 | 8,000 |
| Purchase of equity investment | 0 | 21,682 | - | - |
| Settlement of foreign currency forward contracts, net | 4,015 | 1,454 | 2,984 | -4,942 |
| Acquisition of businesses, net of cash acquired | 231,100 | 0 | 230,048 | 62,043 |
| Net cash used in investing activities | -241,499 | -306,477 | -383,454 | -101,248 |
| Proceeds from issuance of senior notes | - | - | - | 400,000 |
| Proceeds from issuance of term loan, net | 0 | 0 | 497,500 | - |
| Payment of long-term debt | 11,580 | 11,700 | 9,430 | 5,197 |
| Proceeds from modification of debt, net | 19,175 | 0 | 830 | - |
| Cash paid for extinguishment of debt | 19,175 | - | - | - |
| Payment of debt issuance costs | 12 | 2,554 | 6,379 | 5,484 |
| Payment of finance lease obligations | 4,380 | 4,029 | 3,791 | 3,468 |
| Shares repurchased for tax withholdings on vesting of stock unit awards | 91,315 | 46,567 | 38,506 | 48,454 |
| Repurchases of common stock - repurchase program, net | 334,507 | 254,502 | 242,201 | 500,800 |
| Proceeds from issuance of common stock | 35,876 | 34,291 | 31,357 | 30,348 |
| Net cash provided by (used in) financing activities | -405,918 | -285,061 | 229,380 | -133,055 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -1,505 | 1,246 | 2,150 | -26,167 |
| Net increase (decrease)in cash, cash equivalents and restricted cash | 157,171 | -75,760 | 16,408 | -428,226 |
| Cash and cash equivalents at beginning of period | 935,026 | - | - | - |
| Cash and cash equivalents at end of period | 1,092,197 | - | - | - |
CIENA CORP (CIEN)
CIENA CORP (CIEN)