Ciena Corp (CIEN) FY2024 Annual Statement of Cash Flows
2023-10-29 to 2024-11-02
Statement of Cash Flows
2023-10-29 to 2024-11-02
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Chart details
Ciena Corp cash flow reconciliation, Oct 29, 2023 through Nov 2, 2024
Cash flows for Oct 29, 2023 through Nov 2, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Oct 28, 2023. Ending cash: Nov 2, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Oct 28, 2023
- 1,010,786,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 514,532,000 US dollars. Net cash provided.
- Net income
- 83,956,000 US dollars
- Share-based compensation costs
- 156,404,000 US dollars
- Deferred revenue
- 9,884,000 US dollars
- Deferred taxes
- negative 76,810,000 US dollars
- Provision for inventory excess and obsolescence
- 77,341,000 US dollars
- Other
- 11,768,000 US dollars
- Prepaid expenses and other
- negative 198,910,000 US dollars
- Short and long-term operating lease liabilities
- negative 17,640,000 US dollars
- Accounts payable, accruals and other obligations
- 64,255,000 US dollars
- Accounts receivable
- 80,313,000 US dollars
- Amortization of intangible assets
- 40,624,000 US dollars
- Provision for warranty
- 25,643,000 US dollars
- Operating lease right-of-use assets
- 11,837,000 US dollars
- Inventories
- 153,021,000 US dollars
- Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements
- 92,846,000 US dollars
- Gain on equity investments, net
- 0 US dollars
- Loss on extinguishment of debt
- 0 US dollars
- Investing activities
- negative 306,477,000 US dollars. Net cash used.
- Acquisition of businesses, net of cash acquired
- 0 US dollars
- Purchase of equity investment
- negative 21,682,000 US dollars
- Payments for equipment, furniture, fixtures and intellectual property
- negative 136,641,000 US dollars
- Proceeds from sales and maturities of investments
- 140,836,000 US dollars
- Settlement of foreign currency forward contracts, net
- negative 1,454,000 US dollars
- Purchases of investments
- negative 287,536,000 US dollars
- Financing activities
- negative 285,061,000 US dollars. Net cash used.
- Shares repurchased for tax withholdings on vesting of stock unit awards
- negative 46,567,000 US dollars
- Payment of long-term debt
- negative 11,700,000 US dollars
- Proceeds from issuance of common stock
- 34,291,000 US dollars
- Payment of finance lease obligations
- negative 4,029,000 US dollars
- Repurchases of common stock - repurchase program, net
- negative 254,502,000 US dollars
- Payment of debt issuance costs
- negative 2,554,000 US dollars
- Proceeds from issuance of senior notes
- 0 US dollars
- Proceeds from modification of term loan
- 0 US dollars
- Proceeds from issuance of term loan, net
- 0 US dollars
- Operating adjustment reconciliation
- 723,936,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 319,352,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 447,313,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 1,246,000 US dollars
- Ending cash on Nov 2, 2024
- 935,026,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 1,526,564,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 75,760,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 6.13×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 514,532,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 136,641,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 377,891,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $430.58M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 514,532,000 US dollars minus 136,641,000 US dollars equals 377,891,000 US dollars.
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