INFN · Infinera Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Annual Quarterly

Income Statement

Line item	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Revenue	$1.42B	$1.61B	$1.57B	$1.43B	$1.36B	$740.74M
Cost of Revenue	$873.89M	$991.22M	$1.04B	$927.23M	$946.80M	$972.94M
Gross Profit	$544.56M	$622.91M	$535.78M	$497.97M	$408.79M	$325.92M
R&D	$300.44M	$316.88M	$306.19M	$299.89M	$265.63M	$287.98M
SG&A	$132.68M	$124.87M	$118.60M	$115.42M	$112.24M	$126.35M
Total Operating Expenses	$628.21M	$627.75M	$595.93M	$585.45M	$563.99M	$676.15M
D&A	$62.33M	$78.78M	$83.83M	$83.58M	$100.14M	$119.82M
Operating Income	($83.65M)	($4.84M)	($60.16M)	($87.48M)	($155.20M)	($350.23M)
Interest Expense	$26.02M	$30.61M	$26.02M	$49.10M	$46.73M	$31.66M
Income Tax	$17.31M	$7.80M	$20.53M	$11.99M	$6.04M	$2.96M
Net Income	($150.34M)	($25.21M)	($76.04M)	($170.78M)	($206.72M)	($386.62M)
EPS - Basic	($0.64)	($0.11)	($0.35)	($0.82)	($1.10)	($2.16)
EPS - Diluted	($0.64)	($0.11)	($0.35)	($0.82)	($1.10)	($2.16)

Balance Sheet

Line item	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Cash & Equivalents	$145.81M	$172.50M	$178.66M	$190.61M	$298.01M	$109.20M
Accounts Receivable	$336.55M	$381.98M	$419.74M	$358.95M	$319.43M	$349.64M
Inventory	$308.21M	$431.16M	$374.86M	$291.37M	$269.31M	$340.43M
Accounts Payable	$284.99M	$299.00M	$304.88M	$216.40M	$175.76M	$273.40M
Current Assets	$945.82M	$1.12B	$1.13B	$991.76M	$1.06B	$942.83M
Total Assets	$1.53B	$1.68B	$1.67B	$1.59B	$1.73B	$1.63B
Current Liabilities	$626.77M	$673.99M	$703.94M	$612.49M	$633.89M	$715.32M
Long-term Debt	$667.93M	$658.76M	$667.72M	$476.79M	$446.00M	$323.68M
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$116.52M	$216.59M	$179.65M	$323.77M	$426.28M	$386.54M
Retained Earnings	($1.88B)	($1.72B)	($1.70B)	($1.70B)	($1.53B)	($1.32B)

Cash Flow

Line item	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Operating Cash Flow	$80.68M	$49.51M	($37.56M)	$28.13M	($112.30M)	($167.35M)
Investing Cash Flow	($75.01M)	($62.31M)	($46.05M)	($41.38M)	($39.01M)	($12.61M)
Financing Cash Flow	($32.22M)	$13.71M	$82.35M	($101.54M)	$334.16M	$71.91M
CapEx	$75.01M	$62.31M	$46.05M	$41.38M	$39.01M	$30.20M
Free Cash Flow	$5.67M	($12.80M)	($83.61M)	($13.25M)	($151.31M)	($197.55M)

Ratios

Metric	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Profitability
Gross margin	38.4%	38.6%	34.1%	34.9%	30.2%	44.0%
Operating margin	-5.9%	-0.3%	-3.8%	-6.1%	-11.4%	-47.3%
EBITDA margin	-1.5%	4.6%	1.5%	-0.3%	-4.1%	-31.1%
Net margin	-10.6%	-1.6%	-4.8%	-12.0%	-15.2%	-52.2%
Free cash flow margin	0.4%	-0.8%	-5.3%	-0.9%	-11.2%	-26.7%
FCF / Net income	-0.04	0.51	1.10	0.08	0.73	0.51
R&D / Revenue	21.2%	19.6%	19.5%	21.0%	19.6%	38.9%
SG&A / Revenue	9.4%	7.7%	7.5%	8.1%	8.3%	17.1%
Effective tax rate	-	-	-	-	-	-
Return on assets	-9.8%	-1.5%	-4.6%	-10.8%	-11.9%	-23.7%
Return on equity	-129.0%	-11.6%	-42.3%	-52.7%	-48.5%	-100.0%
Return on invested capital	-8.4%	-0.4%	-5.6%	-8.6%	-14.1%	-39.0%
Liquidity
Current ratio	1.51	1.65	1.61	1.62	1.68	1.32
Quick ratio	1.02	1.02	1.08	1.14	1.25	0.84
Cash ratio	0.23	0.26	0.25	0.31	0.47	0.15
Leverage
Debt / Equity	5.73	3.04	3.72	1.47	1.05	0.84
Debt / Assets	0.44	0.39	0.40	0.30	0.26	0.20
Debt / EBITDA	-	8.91	28.21	-	-	-
Interest coverage	-3.2x	-0.2x	-2.3x	-1.8x	-3.3x	-11.1x
Equity multiplier	13.16	7.75	9.29	4.90	4.06	4.21
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.92	0.96	0.94	0.90	0.78	0.45
Inventory turnover	2.84	2.30	2.77	3.18	3.52	2.86
Days sales outstanding	87d	86d	97d	92d	86d	172d
Days inventory outstanding	129d	159d	132d	115d	104d	128d
Days payable outstanding	119d	110d	107d	85d	68d	103d
Cash conversion cycle	96d	135d	122d	121d	122d	197d
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	-12.1%	2.6%	10.4%	5.1%	83.0%	-21.5%
Revenue CAGR (3y)	-0.2%	6.0%	28.5%	14.7%	22.3%	-5.2%
Revenue CAGR (5y)	13.9%	11.3%	16.3%	10.4%	8.9%	2.1%
Gross profit growth (YoY)	-12.6%	16.3%	7.6%	21.8%	25.4%	1.5%
Operating income growth (YoY)	-1628.3%	92.0%	31.2%	43.6%	55.7%	-88.6%
Net income growth (YoY)	-496.3%	66.8%	55.5%	17.4%	46.5%	-80.4%
EPS growth (YoY)	-481.8%	68.6%	57.3%	25.5%	49.1%	-58.8%
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-	84.7%	-531.0%	91.2%	23.4%	-44.4%
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	-46.2%	20.6%	-44.5%	-24.0%	10.3%	-45.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2024-12-28.

Product / service

$2.84B total

Product$1.10B · 38.9%

Direct Revenue$900.42M · 31.7%

Indirect Revenue$518.02M · 18.3%

Service$315.31M · 11.1%

Geographic

$1.42B total

US$834.47M · 58.8%

EMEA$364.58M · 25.7%

Asia Pacific$139.13M · 9.8%

Americas Excluding United States$80.26M · 5.7%

Stability scores

Piotroski F-score

FY 2024 · 9-point quality

2/9

Weak

✗Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✗Current ratio improved
✗No share dilution
✗Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Telephone & Telegraph Apparatus

Company	Revenue (last FY)	Net margin	ROE
CIEN	-	-	-
vplm	-	-	-642.5%
NTGR	$699.62M	-2.6%	-3.6%
ADTN	$1.08B	-4.2%	-31.3%
CLFD	$150.13M	-5.4%	-3.1%

Comparing Infinera Corp against the 5 most active filers in the same SIC group.