Infinera (INFN) Financials

$6.64 0.00 (0.00%)

As of 02/28/2025

Annual Income Statements for Infinera

This table shows Infinera's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	14	51	-24	-195	-387	-207	-171	-76	-25	-150
Consolidated Net Income / (Loss)	14	51	-24	-195	-387	-207	-171	-76	-25	-150
Net Income / (Loss) Continuing Operations	14	51	-24	-195	-387	-207	-171	-76	-25	-150
Total Pre-Tax Income	16	52	-29	-196	-384	-201	-159	-56	-17	-133
Total Operating Income	27	60	-26	-183	-350	-155	-87	-60	-4.84	-84
Total Gross Profit	288	403	394	244	326	409	498	536	623	545
Total Revenue	668	887	870	741	1,299	1,356	1,425	1,573	1,614	1,418
Operating Revenue	668	887	870	741	1,299	1,356	1,425	1,573	1,614	1,418
Total Cost of Revenue	380	483	476	497	973	947	927	1,037	991	874
Operating Cost of Revenue	380	483	476	497	973	947	927	1,037	991	874
Total Operating Expenses	261	344	419	427	676	564	585	596	628	628
Selling, General & Admin Expense	48	62	68	71	126	112	115	119	125	133
Marketing Expense	79	101	112	110	151	130	139	146	167	159
Research & Development Expense	133	181	232	224	288	266	300	306	317	300
Amortization Expense	-	-	6.19	6.16	27	19	17	15	12	9.03
Other Operating Expenses / (Income)	-	-	1.87	-	-	-	-	0.00	0.00	23
Restructuring Charge	-	0.00	0.00	16	83	38	14	10	6.72	4.19
Total Other Income / (Expense), net	-11	-7.71	-3.41	-13	-33	-45	-71	4.65	-13	-49
Interest Expense	11	12	13	14	32	47	49	10	31	32
Interest & Investment Income	1.46	1.84	2.48	3.33	1.14	0.12	0.46	0.89	2.72	3.38
Other Income / (Expense), net	-1.37	2.40	7.00	-2.16	-2.91	1.12	-23	14	15	-20
Income Tax Expense	2.75	1.08	-4.80	-1.43	2.96	6.04	12	21	7.81	17
Basic Earnings per Share	$0.11	$0.39	($0.17)	($1.32)	($2.16)	($1.10)	($0.82)	($0.35)	($0.11)	($0.64)
Weighted Average Basic Shares Outstanding	123.67M	133.26M	142.99M	147.88M	178.98M	188.22M	207.38M	216.38M	226.73M	234.67M
Diluted Earnings per Share	$0.11	$0.36	($0.17)	($1.32)	($2.16)	($1.10)	($0.82)	($0.35)	($0.11)	($0.64)
Weighted Average Diluted Shares Outstanding	128.57M	143.17M	142.99M	147.88M	178.98M	188.22M	207.38M	216.38M	226.73M	234.67M
Weighted Average Basic & Diluted Shares Outstanding	124.20M	131.80M	140.70M	147.40M	183.03M	203.04M	212.81M	222.66M	-	237.99M

This table shows Infinera's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-12	33	-8.41	-20	-9.41	13	-61	-48	-14	-26
Consolidated Net Income / (Loss)	-12	33	-8.41	-20	-9.41	13	-61	-48	-14	-26
Net Income / (Loss) Continuing Operations	-12	33	-8.41	-20	-9.41	13	-61	-48	-14	-26
Total Pre-Tax Income	-7.14	37	-4.84	-14	-6.95	8.17	-57	-48	-10	-18
Total Operating Income	-9.31	25	-9.47	-14	7.66	11	-43	-30	-11	0.14
Total Gross Profit	134	181	147	143	158	175	110	136	141	157
Total Revenue	390	486	392	376	392	453	307	343	354	414
Operating Revenue	390	486	392	376	392	453	307	343	354	414
Total Cost of Revenue	256	305	245	233	234	279	196	207	213	257
Operating Cost of Revenue	256	305	245	233	234	279	196	207	213	257
Total Operating Expenses	144	155	156	157	151	164	153	165	152	157
Selling, General & Admin Expense	29	32	29	31	29	35	33	34	34	32
Marketing Expense	34	41	42	42	41	43	41	42	36	41
Research & Development Expense	76	78	81	79	77	80	77	75	73	75
Amortization Expense	3.58	3.58	3.59	3.52	2.98	2.26	2.26	2.26	2.26	2.26
Restructuring Charge	1.14	0.58	0.79	1.43	0.40	4.10	0.31	3.95	-0.16	0.08
Total Other Income / (Expense), net	2.17	12	4.63	0.50	-15	-3.09	-14	-19	0.60	-18
Interest Expense	-9.01	7.26	6.80	7.39	7.61	8.81	8.63	8.16	8.76	6.75
Interest & Investment Income	0.27	0.47	0.47	0.72	0.55	0.98	1.12	0.79	0.87	0.59
Other Income / (Expense), net	-7.11	19	11	7.17	-7.54	4.74	-6.21	-11	8.49	-12
Income Tax Expense	4.79	3.96	3.57	6.47	2.47	-4.71	4.69	-0.08	3.91	8.78
Basic Earnings per Share	($0.05)	$0.16	($0.04)	($0.09)	($0.04)	$0.06	($0.27)	($0.21)	($0.06)	($0.10)
Weighted Average Basic Shares Outstanding	217.62M	216.38M	222.39M	225.92M	228.08M	226.73M	231.53M	234.35M	235.83M	234.67M
Diluted Earnings per Share	($0.05)	$0.16	($0.04)	($0.09)	($0.04)	$0.06	($0.27)	($0.21)	($0.06)	($0.10)
Weighted Average Diluted Shares Outstanding	217.62M	216.38M	222.39M	225.92M	228.08M	226.73M	231.53M	234.35M	235.83M	234.67M
Weighted Average Basic & Diluted Shares Outstanding	219.74M	222.66M	225.62M	226.92M	-	0.00	234.29M	235.66M	236.80M	237.99M

This table details how cash moves in and out of Infinera's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-38	63	23	-56	121	-110	183	-113	-13	-15	-28
Net Cash From Operating Activities	36	133	38	-22	-99	-167	-112	28	-38	50	81
Net Cash From Continuing Operating Activities	36	133	38	-22	-99	-167	-112	28	-38	50	81
Net Income / (Loss) Continuing Operations	14	51	-24	-195	-214	-387	-207	-171	-76	-25	-150
Consolidated Net Income / (Loss)	14	51	-24	-195	-214	-387	-207	-171	-76	-25	-150
Depreciation Expense	26	36	61	66	100	120	100	84	84	79	62
Amortization Expense	12	12	10	11	11	19	28	32	6.11	3.86	3.68
Non-Cash Adjustments To Reconcile Net Income	28	32	45	78	61	89	78	78	62	70	60
Changes in Operating Assets and Liabilities, net	-44	2.11	-54	18	-57	-8.27	-112	5.11	-114	-78	105
Net Cash From Investing Activities	-96	-91	-8.03	-55	13	-13	-39	-41	-46	-62	-75
Net Cash From Continuing Investing Activities	-96	-91	-8.03	-55	13	-13	-39	-41	-46	-62	-75
Purchase of Property, Plant & Equipment	-23	-42	-43	-58	-38	-30	-39	-41	-46	-62	-75
Net Cash From Financing Activities	23	21	-2.78	16	208	72	334	-102	82	14	-32
Net Cash From Continuing Financing Activities	23	21	-2.78	16	208	72	334	-102	82	14	-32
Repayment of Debt	-	-	0.00	0.00	-150	-21	-11	-77	-374	-137	-69
Issuance of Debt	-	-	-	0.00	391	81	250	0.00	454	149	50
Issuance of Common Equity	25	25	18	18	18	12	110	16	15	15	0.01
Other Financing Activities, net	-1.85	-4.37	-3.66	-1.03	-51	-0.59	-15	-41	-13	-13	-13
Effect of Exchange Rate Changes	-0.60	-0.08	-	-	-	-1.49	-0.27	1.93	-12	-16	-1.08
Cash Interest Paid	2.63	2.65	2.78	2.64	3.55	9.56	16	18	15	22	27
Cash Income Taxes Paid	1.70	4.57	6.63	5.69	6.69	17	5.04	19	15	14	22

This table details how cash moves in and out of Infinera's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	55	-21	-19	-2.98	-40	47	18	-77	-0.08	31
Net Cash From Operating Activities	20	-0.56	-1.77	1.42	-30	80	24	-60	45	72
Net Cash From Continuing Operating Activities	20	-0.56	-1.77	1.42	-30	80	24	-60	45	72
Net Income / (Loss) Continuing Operations	-12	33	-8.41	-20	-9.41	13	-61	-48	-14	-26
Consolidated Net Income / (Loss)	-12	33	-8.41	-20	-9.41	13	-61	-48	-14	-26
Depreciation Expense	21	20	20	20	20	19	15	16	16	16
Amortization Expense	1.15	0.84	0.85	1.26	0.86	0.89	0.91	0.92	0.93	0.93
Non-Cash Adjustments To Reconcile Net Income	0.86	19	17	22	18	14	16	12	17	14
Changes in Operating Assets and Liabilities, net	8.26	-74	-31	-21	-59	33	53	-41	25	68
Net Cash From Investing Activities	-11	-8.30	-17	-11	-13	-21	-8.08	-15	-24	-28
Net Cash From Continuing Investing Activities	-11	-8.30	-17	-11	-13	-21	-8.08	-15	-24	-28
Purchase of Property, Plant & Equipment	-11	-8.30	-17	-11	-13	-21	-8.08	-15	-24	-28
Net Cash From Financing Activities	45	-4.33	4.81	9.31	2.91	-3.31	-3.02	-4.33	-12	-13
Net Cash From Continuing Financing Activities	45	-4.33	4.81	9.31	2.91	-3.31	-3.02	-4.33	-12	-13
Repayment of Debt	-332	-0.32	-0.28	-85	-0.99	-50	-0.23	-25	-33	-10
Issuance of Common Equity	6.31	-	8.74	-	6.19	-	0.00	0.00	0.00	0.00
Other Financing Activities, net	-2.73	-4.01	-3.65	-3.99	-2.29	-2.95	-2.79	-3.96	-3.46	-2.80
Effect of Exchange Rate Changes	0.80	-7.62	-5.70	-2.93	0.08	-7.70	5.38	2.36	-8.60	-0.22
Cash Interest Paid	6.70	0.09	11	0.15	11	0.82	13	0.37	13	1.39
Cash Income Taxes Paid	4.90	5.80	1.96	7.02	0.97	4.15	9.83	3.53	4.85	3.59

This table presents Infinera's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	818	1,224	1,199	1,118	1,801	1,628	1,732	1,587	1,669	1,679	1,534
Total Current Assets	652	665	730	648	957	943	1,062	992	1,133	1,115	946
Cash & Equivalents	86	149	163	116	203	109	298	191	179	173	146
Restricted Cash	-	0.00	8.49	0.54	13	4.34	3.29	2.84	7.27	0.52	0.00
Accounts Receivable	155	186	150	126	317	350	319	359	420	382	337
Inventories, net	147	175	233	215	312	340	269	291	375	431	308
Prepaid Expenses	25	30	34	43	85	139	172	148	152	129	155
Plant, Property, & Equipment, net	82	111	125	136	343	0.00	0.00	160	173	207	249
Total Noncurrent Assets	85	448	343	334	501	686	671	435	363	357	338
Goodwill	0.00	192	177	196	227	250	273	256	233	241	224
Intangible Assets	0.36	156	108	92	233	170	125	87	48	25	16
Other Noncurrent Operating Assets	5.04	4.01	3.90	5.26	15	246	258	84	80	91	98
Other Noncurrent Nonoperating Assets	5.46	5.31	6.45	4.60	26	19	14	9.07	3.27	0.84	0.42
Total Liabilities & Shareholders' Equity	818	1,224	1,199	1,118	1,801	1,628	1,732	1,587	1,669	1,679	1,534
Total Liabilities	336	447	436	452	1,097	1,242	1,306	1,263	1,489	1,463	1,417
Total Current Liabilities	174	237	217	375	503	715	634	612	704	674	627
Short-Term Debt	-	-	0.00	145	0.00	32	102	0.53	0.51	26	0.48
Accounts Payable	62	93	62	58	191	467	326	363	446	410	428
Accrued Expenses	39	52	49	53	152	21	19	23	20	17	13
Current Deferred Revenue	35	43	59	72	89	104	133	137	159	136	135
Current Employee Benefit Liabilities	39	50	47	46	71	92	53	88	79	85	50
Total Noncurrent Liabilities	162	210	220	78	595	526	672	651	786	789	790
Long-Term Debt	117	123	134	0.00	267	324	446	477	668	659	668
Noncurrent Deferred Revenue	11	14	19	23	32	36	30	32	23	21	29
Noncurrent Deferred & Payable Income Tax Liabilities	2.13	36	25	22	13	8.70	4.16	2.36	2.35	1.81	3.04
Other Noncurrent Operating Liabilities	32	37	41	34	89	156	192	140	92	107	90
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	482	777	762	665	704	387	426	324	180	217	117
Total Preferred & Common Equity	482	762	762	665	704	387	426	324	180	217	117
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	482	762	762	665	704	387	426	324	180	217	117
Common Stock	1,077	1,300	1,354	1,417	1,686	1,741	1,965	2,026	1,902	1,976	2,025
Retained Earnings	-591	-539	-564	-758	-957	-1,320	-1,527	-1,698	-1,700	-1,725	-1,875
Accumulated Other Comprehensive Income / (Loss)	-4.62	1.12	-28	6.25	-25	-35	-12	-4.50	-22	-35	-33

This table presents Infinera's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,500	1,598	1,586	1,568	1,565	1,519	1,506
Total Current Assets	982	1,070	1,055	1,039	1,014	951	922
Cash & Equivalents	198	164	163	124	191	115	115
Restricted Cash	8.95	3.87	2.45	1.73	0.49	0.33	0.04
Accounts Receivable	284	334	326	329	265	284	288
Inventories, net	331	413	427	457	421	384	356
Prepaid Expenses	160	155	137	127	137	167	163
Plant, Property, & Equipment, net	160	177	191	201	207	220	231
Total Noncurrent Assets	358	351	340	329	344	348	352
Goodwill	224	234	227	225	230	231	238
Intangible Assets	56	41	34	27	23	20	18
Other Noncurrent Operating Assets	75	75	78	76	91	96	96
Other Noncurrent Nonoperating Assets	3.03	2.10	1.30	0.98	0.83	0.65	0.45
Total Liabilities & Shareholders' Equity	1,500	1,598	1,586	1,568	1,565	1,519	1,506
Total Liabilities	1,385	1,412	1,419	1,387	1,404	1,387	1,372
Total Current Liabilities	578	634	629	615	614	604	584
Short-Term Debt	0.55	7.15	7.02	26	25	25	10
Accounts Payable	380	396	396	392	342	369	396
Accrued Expenses	21	18	19	19	16	15	13
Current Deferred Revenue	107	153	136	101	142	141	116
Current Employee Benefit Liabilities	70	60	72	77	89	54	49
Total Noncurrent Liabilities	807	778	790	772	789	783	787
Long-Term Debt	667	662	676	658	660	660	667
Noncurrent Deferred Revenue	23	22	22	21	25	22	22
Noncurrent Deferred & Payable Income Tax Liabilities	1.94	2.37	2.27	2.23	1.68	1.69	1.77
Other Noncurrent Operating Liabilities	116	92	90	91	103	99	97
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	114	186	167	181	162	132	134
Total Preferred & Common Equity	114	186	167	181	162	132	134
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	114	186	167	181	162	132	134
Common Stock	1,886	1,925	1,943	1,964	1,991	1,999	2,013
Retained Earnings	-1,733	-1,708	-1,728	-1,738	-1,786	-1,834	-1,849
Accumulated Other Comprehensive Income / (Loss)	-39	-31	-47	-45	-43	-33	-30

This table displays calculated financial ratios and metrics derived from Infinera's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.78%	32.73%	-1.87%	-14.87%	0.00%	0.00%	4.37%	5.13%	10.39%	2.60%	-12.12%
EBITDA Growth	1,109.61%	71.88%	-51.89%	-303.69%	22.46%	-155.93%	87.94%	122.82%	647.27%	111.52%	-140.90%
EBIT Growth	202.57%	139.19%	-130.21%	-886.83%	-5.44%	-80.79%	56.37%	28.51%	58.32%	122.84%	-1,092.91%
NOPAT Growth	234.41%	157.06%	-130.84%	-610.36%	28.49%	-88.62%	55.69%	43.63%	31.23%	91.95%	-1,628.31%
Net Income Growth	142.53%	273.01%	-146.96%	-712.91%	-10.17%	-80.41%	46.53%	17.39%	55.47%	66.84%	-496.27%
EPS Growth	140.74%	227.27%	-147.22%	-676.47%	-3.03%	-58.82%	49.07%	25.45%	57.32%	68.57%	-481.82%
Operating Cash Flow Growth	2.23%	270.31%	-71.18%	-157.13%	-351.92%	-68.90%	32.90%	125.05%	-233.53%	231.82%	62.96%
Free Cash Flow Firm Growth	-80.52%	-1,435.44%	93.70%	-496.80%	-229.38%	107.46%	-502.20%	99.41%	-10,922.42%	29.84%	141.48%
Invested Capital Growth	26.74%	173.62%	-0.10%	-4.50%	77.29%	-31.71%	7.75%	-9.15%	10.04%	10.37%	-12.15%
Revenue Q/Q Growth	7.60%	9.07%	-8.32%	-17.95%	0.00%	0.00%	-2.24%	3.39%	5.76%	-1.97%	-2.68%
EBITDA Q/Q Growth	49.17%	8.56%	-49.19%	-42.85%	-18.63%	16.27%	70.49%	-80.37%	691.55%	-23.49%	-449.46%
EBIT Q/Q Growth	329.94%	3.12%	-156.24%	-22.85%	-32.72%	15.04%	28.65%	-25.49%	57.68%	-72.90%	-35.73%
NOPAT Q/Q Growth	339.59%	6.10%	-150.78%	-15.55%	-30.79%	13.22%	25.85%	-4.00%	37.11%	6.32%	-15.33%
Net Income Q/Q Growth	377.12%	7.96%	-199.73%	-24.47%	-38.42%	14.75%	21.52%	-15.68%	46.66%	-444.79%	-35.29%
EPS Q/Q Growth	375.00%	2.86%	-206.25%	-23.36%	-33.33%	18.18%	23.08%	-17.14%	46.97%	-1,000.00%	-33.33%
Operating Cash Flow Q/Q Growth	-16.41%	5.62%	-44.56%	15.49%	-247.20%	26.83%	35.72%	-64.38%	-5.43%	261.24%	-8.62%
Free Cash Flow Firm Q/Q Growth	-114.04%	0.13%	-68.33%	0.93%	-758.83%	109.78%	17.45%	-103.92%	-124.30%	57.81%	448.02%
Invested Capital Q/Q Growth	4.78%	2.29%	-6.15%	-9.48%	72.48%	-3.43%	-2.49%	0.91%	15.19%	-1.51%	-8.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.15%	45.50%	45.25%	32.94%	0.00%	25.09%	30.16%	34.94%	34.06%	38.59%	38.39%
EBITDA Margin	9.59%	12.42%	6.09%	-14.57%	0.00%	-16.49%	-1.90%	0.41%	2.80%	5.77%	-2.69%
Operating Margin	4.09%	6.74%	-2.96%	-24.72%	0.00%	-26.96%	-11.45%	-6.14%	-3.82%	-0.30%	-5.90%
EBIT Margin	3.89%	7.01%	-2.16%	-25.01%	0.00%	-27.19%	-11.37%	-7.73%	-2.92%	0.65%	-7.34%
Profit (Net Income) Margin	2.04%	5.75%	-2.75%	-26.26%	0.00%	-29.77%	-15.25%	-11.98%	-4.83%	-1.56%	-10.60%
Tax Burden Percent	83.23%	97.92%	82.00%	99.27%	99.70%	100.77%	103.01%	107.55%	136.99%	144.84%	113.01%
Interest Burden Percent	63.18%	83.74%	155.45%	105.77%	110.05%	108.64%	130.25%	144.16%	120.91%	-166.03%	127.78%
Effective Tax Rate	16.77%	2.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	13.15%	16.18%	-3.41%	-24.79%	0.00%	-32.54%	-17.10%	-9.74%	-6.70%	-0.49%	-8.58%
ROIC Less NNEP Spread (ROIC-NNEP)	16.43%	19.00%	-0.96%	8.91%	0.00%	-100.45%	-59.98%	-52.92%	-15.70%	-4.90%	-26.35%
Return on Net Nonoperating Assets (RNNOA)	-10.11%	-8.09%	0.30%	-2.46%	0.00%	-38.38%	-33.76%	-35.80%	-23.51%	-12.24%	-81.69%
Return on Equity (ROE)	3.04%	8.09%	-3.11%	-27.25%	-31.30%	-70.92%	-50.87%	-45.54%	-30.21%	-12.73%	-90.26%
Cash Return on Invested Capital (CROIC)	-10.44%	-76.76%	-3.31%	-20.19%	-74.31%	5.15%	-24.57%	-0.15%	-16.26%	-10.35%	4.36%
Operating Return on Assets (OROA)	3.42%	6.09%	-1.55%	-16.00%	0.00%	-20.59%	-9.17%	-6.64%	-2.82%	0.63%	-6.48%
Return on Assets (ROA)	1.80%	4.99%	-1.98%	-16.79%	0.00%	-22.55%	-12.30%	-10.29%	-4.67%	-1.51%	-9.36%
Return on Common Equity (ROCE)	3.04%	8.00%	-3.08%	-27.25%	-31.30%	-70.92%	-50.87%	-45.54%	-30.21%	-12.73%	-90.26%
Return on Equity Simple (ROE_SIMPLE)	2.83%	6.69%	-3.14%	-29.23%	-30.45%	-100.02%	-48.49%	-52.75%	-42.33%	-11.64%	-129.03%
Net Operating Profit after Tax (NOPAT)	23	58	-18	-128	-130	-245	-109	-61	-42	-3.39	-59
NOPAT Margin	3.41%	6.60%	-2.07%	-17.30%	0.00%	-18.88%	-8.01%	-4.30%	-2.68%	-0.21%	-4.13%
Net Nonoperating Expense Percent (NNEP)	-3.29%	-2.81%	-2.45%	-33.70%	538.17%	67.92%	42.87%	43.18%	9.00%	4.41%	17.78%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-4.97%	-0.38%	-7.46%
Cost of Revenue to Revenue	56.85%	54.50%	54.75%	67.06%	0.00%	74.91%	69.84%	65.06%	65.94%	61.41%	61.61%
SG&A Expenses to Revenue	7.25%	6.95%	7.77%	9.53%	0.00%	9.73%	8.28%	8.10%	7.54%	7.74%	9.35%
R&D to Revenue	19.98%	20.38%	26.68%	30.29%	0.00%	22.17%	19.60%	21.04%	19.46%	19.63%	21.18%
Operating Expenses to Revenue	39.06%	38.77%	48.21%	57.66%	0.00%	52.06%	41.60%	41.08%	37.88%	38.89%	44.29%
Earnings before Interest and Taxes (EBIT)	26	62	-19	-185	-195	-353	-154	-110	-46	10	-104
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	64	110	53	-108	-84	-214	-26	5.89	44	93	-38
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.88	3.40	1.61	1.42	0.88	3.64	4.97	6.22	8.24	4.98	13.35
Price to Tangible Book Value (P/TBV)	3.88	6.25	2.57	2.50	2.54	0.00	75.71	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.80	2.92	1.41	1.28	0.00	1.08	1.56	1.41	0.94	0.67	1.10
Price to Earnings (P/E)	136.76	50.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.73%	1.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	8.19	4.46	1.89	1.56	0.93	2.70	3.59	3.84	2.98	2.19	3.25
Enterprise Value to Revenue (EV/Rev)	2.37	2.66	1.15	1.07	0.00	1.27	1.74	1.61	1.25	0.98	1.47
Enterprise Value to EBITDA (EV/EBITDA)	24.74	21.44	18.88	0.00	0.00	0.00	0.00	389.83	44.59	17.06	0.00
Enterprise Value to EBIT (EV/EBIT)	61.02	37.99	0.00	0.00	0.00	0.00	0.00	0.00	0.00	151.56	0.00
Enterprise Value to NOPAT (EV/NOPAT)	69.66	40.35	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	44.07	17.72	26.07	0.00	0.00	0.00	0.00	81.66	0.00	32.10	25.76
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	42.55	0.00	0.00	0.00	0.00	69.87
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.16	0.18	0.22	0.65	0.93	1.29	1.47	3.72	3.16	5.74
Long-Term Debt to Equity	0.24	0.16	0.18	0.00	0.65	0.84	1.05	1.47	3.72	3.04	5.73
Financial Leverage	-0.62	-0.43	-0.31	-0.28	0.02	0.38	0.56	0.68	1.50	2.50	3.10
Leverage Ratio	1.69	1.62	1.57	1.62	2.13	3.15	4.13	4.43	6.47	8.45	9.65
Compound Leverage Factor	1.07	1.36	2.45	1.72	2.35	3.42	5.39	6.38	7.82	-14.03	12.32
Debt to Total Capital	19.52%	13.70%	14.91%	17.89%	39.55%	48.07%	56.25%	59.58%	78.81%	75.96%	85.16%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	17.89%	0.00%	4.26%	10.47%	0.07%	0.06%	2.83%	0.06%
Long-Term Debt to Total Capital	19.52%	13.70%	14.91%	0.00%	39.55%	43.81%	45.78%	59.52%	78.75%	73.13%	85.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	1.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	80.48%	84.65%	85.09%	82.11%	60.45%	51.93%	43.75%	40.42%	21.19%	24.04%	14.84%
Debt to EBITDA	1.82	1.12	2.52	-1.34	-5.50	-1.67	-21.22	81.01	15.18	7.35	-17.55
Net Debt to EBITDA	-4.42	-2.20	-4.29	1.44	-2.60	-1.14	-9.55	48.18	10.95	5.49	-13.72
Long-Term Debt to EBITDA	1.82	1.12	2.52	0.00	-5.50	-1.52	-17.27	80.92	15.17	7.07	-17.53
Debt to NOPAT	5.14	2.11	-7.40	-1.13	-3.54	-1.46	-5.04	-7.79	-15.87	-201.97	-11.42
Net Debt to NOPAT	-12.43	-4.14	12.58	1.21	-1.68	-1.00	-2.27	-4.64	-11.45	-150.90	-8.93
Long-Term Debt to NOPAT	5.14	2.11	-7.40	0.00	-3.54	-1.33	-4.11	-7.79	-15.86	-194.44	-11.41
Altman Z-Score	3.95	4.17	2.22	0.71	-0.46	-0.21	0.52	0.41	0.33	0.30	-0.10
Noncontrolling Interest Sharing Ratio	0.00%	1.18%	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.74	2.81	3.37	1.73	1.90	1.32	1.68	1.62	1.61	1.65	1.51
Quick Ratio	2.76	1.94	2.10	1.04	1.09	0.64	0.97	0.90	0.85	0.82	0.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-18	-277	-17	-104	-520	39	-156	-0.93	-102	-72	30
Operating Cash Flow to CapEx	155.54%	316.95%	88.56%	-37.78%	-262.88%	-554.10%	-287.88%	67.98%	-81.56%	79.45%	107.55%
Free Cash Flow to Firm to Interest Expense	-1.64	-23.23	-1.36	-7.45	-23.60	1.23	-3.34	-0.02	-9.74	-2.34	0.92
Operating Cash Flow to Interest Expense	3.26	11.15	2.98	-1.56	-4.49	-5.29	-2.40	0.57	-3.58	1.62	2.50
Operating Cash Flow Less CapEx to Interest Expense	1.17	7.63	-0.38	-5.70	-6.20	-6.24	-3.24	-0.27	-7.97	-0.42	0.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.87	0.72	0.64	0.00	0.76	0.81	0.86	0.97	0.96	0.88
Accounts Receivable Turnover	5.23	5.20	5.17	5.36	0.00	3.90	4.05	4.20	4.04	4.03	3.95
Inventory Turnover	2.81	3.01	2.34	2.22	2.36	2.98	3.11	3.31	3.11	2.46	2.36
Fixed Asset Turnover	8.29	9.22	7.38	5.68	0.00	0.00	0.00	0.00	9.44	8.50	6.21
Accounts Payable Turnover	7.49	6.27	6.15	8.24	4.99	2.96	2.39	2.69	2.56	2.32	2.09
Days Sales Outstanding (DSO)	69.72	70.15	70.60	68.13	0.00	93.68	90.08	86.87	90.33	90.65	92.45
Days Inventory Outstanding (DIO)	129.84	121.30	156.16	164.47	154.45	122.36	117.53	110.35	117.19	148.40	154.41
Days Payable Outstanding (DPO)	48.72	58.19	59.39	44.31	73.12	123.38	152.83	135.76	142.44	157.62	175.03
Cash Conversion Cycle (CCC)	150.84	133.26	167.37	188.28	0.00	92.67	54.77	61.46	65.08	81.43	71.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	193	529	529	505	895	611	659	599	659	727	639
Invested Capital Turnover	3.86	2.45	1.64	1.43	0.00	1.72	2.13	2.27	2.50	2.33	2.08
Increase / (Decrease) in Invested Capital	41	336	-0.55	-24	390	-284	47	-60	60	68	-88
Enterprise Value (EV)	1,585	2,360	1,000	790	836	1,651	2,365	2,297	1,963	1,589	2,078
Market Capitalization	1,868	2,588	1,227	945	618	1,407	2,118	2,013	1,481	1,078	1,556
Book Value per Share	$3.85	$5.45	$5.27	$4.46	$4.46	$2.14	$2.21	$1.54	$0.82	$0.95	$0.49
Tangible Book Value per Share	$3.84	$2.96	$3.30	$2.53	$1.54	($0.19)	$0.14	($0.09)	($0.46)	($0.22)	($0.52)
Total Capital	599	900	896	810	1,164	744	974	801	848	901	785
Total Debt	117	123	134	145	460	358	548	477	668	684	668
Total Long-Term Debt	117	123	134	0.00	460	326	446	477	668	659	668
Net Debt	-283	-242	-227	-156	218	244	247	284	482	511	523
Capital Expenditures (CapEx)	23	42	43	58	38	30	39	41	46	62	75
Debt-free, Cash-free Net Working Capital (DFCFNWC)	151	153	201	154	212	146	229	186	244	294	174
Debt-free Net Working Capital (DFNWC)	478	428	514	418	454	259	530	380	430	467	320
Net Working Capital (NWC)	478	428	514	273	454	228	428	379	429	441	319
Net Nonoperating Expense (NNE)	9.10	7.54	5.89	66	84	141	98	110	34	22	92
Net Nonoperating Obligations (NNO)	-288	-248	-233	-160	192	225	233	275	479	510	522
Total Depreciation and Amortization (D&A)	38	48	72	77	112	139	128	116	90	83	66
Debt-free, Cash-free Net Working Capital to Revenue	22.66%	17.30%	23.11%	20.75%	0.00%	11.21%	16.87%	13.08%	15.48%	18.21%	12.25%
Debt-free Net Working Capital to Revenue	71.48%	48.28%	59.06%	56.46%	0.00%	19.95%	39.10%	26.65%	27.30%	28.93%	22.53%
Net Working Capital to Revenue	71.48%	48.28%	59.06%	36.89%	0.00%	17.52%	31.57%	26.61%	27.27%	27.35%	22.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.11	$0.39	($0.17)	($1.32)	($1.36)	($2.16)	($1.10)	$0.00	$0.00	($0.11)	($0.64)
Adjusted Weighted Average Basic Shares Outstanding	123.67M	133.26M	142.99M	147.88M	157.75M	178.98M	0.00	0.00	0.00	226.73M	234.67M
Adjusted Diluted Earnings per Share	$0.11	$0.36	($0.17)	($1.32)	($1.36)	($2.16)	($1.10)	$0.00	$0.00	($0.11)	($0.64)
Adjusted Weighted Average Diluted Shares Outstanding	128.57M	143.17M	142.99M	147.88M	157.75M	178.98M	188.22M	0.00	0.00	226.73M	234.67M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	128.00M	141.39M	146.42M	149.64M	0.00	183.03M	203.04M	0.00	0.00	0.00	237.99M
Normalized Net Operating Profit after Tax (NOPAT)	23	58	-18	-117	-110	-187	-82	-52	-35	1.31	-56
Normalized NOPAT Margin	3.41%	6.60%	-2.07%	-15.75%	0.00%	-14.40%	-6.06%	-3.62%	-2.23%	0.08%	-3.92%
Pre Tax Income Margin	2.46%	5.87%	-3.35%	-26.45%	0.00%	-29.54%	-14.80%	-11.14%	-3.53%	-1.08%	-9.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.36	5.20	-1.46	-13.22	-8.86	-11.16	-3.30	-2.24	-4.37	0.34	-3.22
NOPAT to Interest Expense	2.06	4.90	-1.40	-9.14	-5.89	-7.74	-2.32	-1.25	-4.01	-0.11	-1.81
EBIT Less CapEx to Interest Expense	0.26	1.68	-4.82	-17.36	-10.57	-12.11	-4.13	-3.09	-8.76	-1.69	-5.55
NOPAT Less CapEx to Interest Expense	-0.03	1.38	-4.76	-13.28	-7.60	-8.70	-3.16	-2.09	-8.40	-2.15	-4.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	-70.09%	-0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-70.09%	-0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Infinera's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.73%	21.41%	15.70%	5.10%	0.49%	-6.68%	-21.72%	-8.90%	-9.68%	-8.62%
EBITDA Growth	191.38%	384.23%	379.78%	173.22%	247.39%	-44.08%	-249.69%	-276.01%	-32.46%	-85.91%
EBIT Growth	54.08%	340.66%	104.89%	83.53%	100.70%	-63.81%	-3,399.46%	-475.65%	-2,285.22%	-171.29%
NOPAT Growth	69.95%	419.35%	74.06%	64.02%	182.25%	-21.72%	-354.13%	-108.59%	-243.67%	-99.45%
Net Income Growth	77.82%	201.18%	79.90%	63.63%	21.10%	-61.52%	-630.02%	-138.30%	-52.06%	-304.64%
EPS Growth	80.77%	206.67%	80.00%	65.38%	20.00%	-62.50%	-575.00%	-133.33%	-50.00%	-266.67%
Operating Cash Flow Growth	249.03%	-141.20%	-111.20%	101.96%	-251.73%	14,222.70%	1,458.17%	-4,322.11%	249.58%	-9.55%
Free Cash Flow Firm Growth	-75.54%	-170.34%	-486.51%	-266.88%	-1,182.34%	-35.13%	100.78%	57.28%	121.44%	274.77%
Invested Capital Growth	-3.61%	10.04%	21.07%	13.53%	29.10%	10.37%	-4.53%	2.66%	-5.72%	-12.15%
Revenue Q/Q Growth	9.07%	24.46%	-19.32%	-4.04%	4.29%	15.57%	-32.31%	11.67%	3.40%	16.93%
EBITDA Q/Q Growth	131.72%	974.15%	-66.18%	-36.47%	50.51%	72.90%	-190.54%	25.30%	157.76%	-63.92%
EBIT Q/Q Growth	62.04%	369.38%	-96.63%	-577.60%	101.61%	13,813.04%	-407.47%	16.67%	93.87%	-353.92%
NOPAT Q/Q Growth	76.56%	448.00%	-129.22%	-50.99%	153.57%	231.21%	-269.53%	30.65%	63.11%	101.27%
Net Income Q/Q Growth	78.59%	380.45%	-125.14%	-140.94%	53.55%	236.76%	-576.93%	21.35%	70.36%	-84.05%
EPS Q/Q Growth	80.77%	420.00%	-125.00%	-125.00%	55.56%	250.00%	-550.00%	22.22%	71.43%	-66.67%
Operating Cash Flow Q/Q Growth	127.11%	-102.87%	-213.65%	180.27%	-2,198.10%	367.35%	-69.84%	-349.54%	174.33%	61.67%
Free Cash Flow Firm Q/Q Growth	159.68%	-351.61%	-236.34%	27.36%	-76.07%	68.59%	101.93%	-4,094.51%	188.38%	156.05%
Invested Capital Q/Q Growth	-5.02%	15.19%	4.06%	-0.29%	8.01%	-1.51%	-9.99%	7.23%	-0.81%	-8.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.43%	37.15%	37.47%	37.95%	40.35%	38.57%	35.98%	39.56%	39.85%	37.96%
EBITDA Margin	1.55%	13.35%	5.60%	3.70%	5.35%	8.00%	-10.70%	-7.16%	4.00%	1.23%
Operating Margin	-2.38%	5.22%	-2.41%	-3.80%	1.95%	2.48%	-14.00%	-8.70%	-3.10%	0.03%
EBIT Margin	-4.20%	9.10%	0.38%	-1.89%	0.03%	3.53%	-16.03%	-11.96%	-0.71%	-2.75%
Profit (Net Income) Margin	-3.06%	6.89%	-2.15%	-5.39%	-2.40%	2.84%	-20.00%	-14.09%	-4.04%	-6.36%
Tax Burden Percent	167.13%	89.41%	173.83%	146.93%	135.50%	157.60%	108.28%	99.84%	137.59%	150.03%
Interest Burden Percent	43.49%	84.65%	-324.48%	193.67%	-6,040.87%	51.05%	115.26%	117.98%	413.97%	153.93%
Effective Tax Rate	0.00%	10.59%	0.00%	0.00%	0.00%	-57.60%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-4.26%	11.68%	-4.39%	-6.80%	3.43%	9.12%	-22.38%	-13.15%	-4.42%	0.05%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.79%	14.54%	-4.79%	-8.85%	0.52%	8.13%	-28.69%	-18.20%	-5.60%	-5.07%
Return on Net Nonoperating Assets (RNNOA)	-9.04%	21.77%	-12.03%	-31.25%	1.79%	20.31%	-81.82%	-66.16%	-19.88%	-15.72%
Return on Equity (ROE)	-13.31%	33.45%	-16.42%	-38.06%	5.22%	29.43%	-104.20%	-79.30%	-24.30%	-15.67%
Cash Return on Invested Capital (CROIC)	-7.82%	-16.26%	-22.76%	-11.94%	-25.95%	-10.35%	0.63%	-8.07%	-1.19%	4.36%
Operating Return on Assets (OROA)	-4.12%	8.79%	0.40%	-2.04%	0.03%	3.40%	-15.49%	-11.52%	-0.67%	-2.43%
Return on Assets (ROA)	-3.00%	6.65%	-2.26%	-5.80%	-2.58%	2.74%	-19.34%	-13.57%	-3.83%	-5.61%
Return on Common Equity (ROCE)	-13.31%	33.45%	-16.42%	-38.06%	5.22%	29.43%	-104.20%	-79.30%	-24.30%	-15.67%
Return on Equity Simple (ROE_SIMPLE)	-124.84%	0.00%	-22.87%	-4.27%	-2.55%	0.00%	-48.41%	-80.72%	-83.02%	0.00%
Net Operating Profit after Tax (NOPAT)	-6.51	23	-6.63	-10	5.36	18	-30	-21	-7.70	0.10
NOPAT Margin	-1.67%	4.67%	-1.69%	-2.66%	1.37%	3.91%	-9.80%	-6.09%	-2.17%	0.02%
Net Nonoperating Expense Percent (NNEP)	1.52%	-2.86%	0.40%	2.05%	2.91%	0.99%	6.31%	5.05%	1.18%	5.12%
Return On Investment Capital (ROIC_SIMPLE)	-	2.67%	-	-	-	1.97%	-	-	-	0.01%
Cost of Revenue to Revenue	65.57%	62.85%	62.53%	62.05%	59.65%	61.43%	64.02%	60.44%	60.15%	62.04%
SG&A Expenses to Revenue	7.41%	6.51%	7.46%	8.28%	7.48%	7.74%	10.70%	9.95%	9.64%	7.62%
R&D to Revenue	19.50%	16.05%	20.67%	21.09%	19.59%	17.56%	25.17%	21.79%	20.68%	18.15%
Operating Expenses to Revenue	36.81%	31.93%	39.88%	41.75%	38.40%	36.09%	49.99%	48.26%	42.95%	37.93%
Earnings before Interest and Taxes (EBIT)	-16	44	1.49	-7.12	0.12	16	-49	-41	-2.51	-11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.04	65	22	14	21	36	-33	-25	14	5.11
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.70	8.24	9.28	6.52	5.23	4.98	8.64	10.84	11.94	13.35
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.67	0.94	1.06	0.66	0.58	0.67	0.91	0.95	1.10	1.10
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.54	2.98	3.25	2.35	2.04	2.19	2.89	2.85	3.10	3.25
Enterprise Value to Revenue (EV/Rev)	0.98	1.25	1.37	0.98	0.91	0.98	1.24	1.34	1.48	1.47
Enterprise Value to EBITDA (EV/EBITDA)	0.00	44.59	30.20	15.05	12.38	17.06	49.26	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	72.50	38.93	151.56	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	340.27	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	85.85	0.00	32.10	25.09	143.39	24.47	25.76
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	448.14	0.00	0.00	69.87
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.85	3.72	3.59	4.09	3.77	3.16	4.24	5.21	5.06	5.74
Long-Term Debt to Equity	5.84	3.72	3.55	4.04	3.63	3.04	4.08	5.02	4.98	5.73
Financial Leverage	1.56	1.50	2.51	3.53	3.43	2.50	2.85	3.64	3.55	3.10
Leverage Ratio	6.67	6.47	8.68	10.77	10.38	8.45	9.10	10.39	9.76	9.65
Compound Leverage Factor	2.90	5.48	-28.16	20.85	-627.34	4.31	10.48	12.26	40.39	14.85
Debt to Total Capital	85.39%	78.81%	78.22%	80.34%	79.04%	75.96%	80.92%	83.90%	83.51%	85.16%
Short-Term Debt to Total Capital	0.07%	0.06%	0.84%	0.83%	2.96%	2.83%	3.00%	3.09%	1.29%	0.06%
Long-Term Debt to Total Capital	85.32%	78.75%	77.38%	79.51%	76.08%	73.13%	77.92%	80.81%	82.22%	85.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	14.61%	21.19%	21.78%	19.66%	20.96%	24.04%	19.08%	16.10%	16.49%	14.84%
Debt to EBITDA	-89.70	15.18	9.06	6.40	5.62	7.35	17.86	-5,529.78	-97.75	-17.55
Net Debt to EBITDA	-61.89	10.95	6.79	4.85	4.58	5.49	12.87	-4,602.34	-81.14	-13.72
Long-Term Debt to EBITDA	-89.62	15.17	8.97	6.33	5.41	7.07	17.20	-5,325.97	-96.24	-17.53
Debt to NOPAT	-9.97	-15.87	-28.84	144.60	-189.01	-201.97	-25.51	-18.18	-13.35	-11.42
Net Debt to NOPAT	-6.88	-11.45	-21.62	109.57	-154.27	-150.90	-18.38	-15.13	-11.08	-8.93
Long-Term Debt to NOPAT	-9.96	-15.86	-28.54	143.11	-181.92	-194.44	-24.56	-17.51	-13.14	-11.41
Altman Z-Score	0.09	0.51	0.59	0.28	0.23	0.31	0.18	0.10	0.21	0.10
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.70	1.61	1.69	1.68	1.69	1.65	1.65	1.57	1.58	1.51
Quick Ratio	0.83	0.85	0.79	0.78	0.74	0.82	0.74	0.66	0.69	0.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	15	-37	-126	-91	-161	-51	0.98	-39	35	88
Operating Cash Flow to CapEx	178.11%	-6.79%	-10.52%	13.18%	-223.70%	371.96%	297.50%	-411.15%	184.99%	254.89%
Free Cash Flow to Firm to Interest Expense	0.00	-5.16	-18.51	-12.38	-21.16	-5.74	0.11	-4.79	3.94	13.10
Operating Cash Flow to Interest Expense	0.00	-0.08	-0.26	0.19	-3.92	9.04	2.78	-7.34	5.08	10.68
Operating Cash Flow Less CapEx to Interest Expense	0.00	-1.22	-2.73	-1.27	-5.67	6.61	1.85	-9.13	2.34	6.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.98	0.97	1.05	1.08	1.07	0.96	0.97	0.96	0.95	0.88
Accounts Receivable Turnover	5.34	4.04	5.33	5.23	5.37	4.03	5.10	4.90	4.72	3.95
Inventory Turnover	3.19	3.11	3.00	2.82	2.58	2.46	2.26	2.26	2.20	2.36
Fixed Asset Turnover	0.00	9.44	9.70	9.45	9.13	8.50	7.97	7.28	6.75	6.21
Accounts Payable Turnover	2.83	2.56	2.90	2.78	2.64	2.32	2.55	2.39	2.27	2.09
Days Sales Outstanding (DSO)	68.38	90.33	68.50	69.75	67.93	90.65	71.56	74.44	77.27	92.45
Days Inventory Outstanding (DIO)	114.44	117.19	121.84	129.32	141.24	148.40	161.41	161.67	165.71	154.41
Days Payable Outstanding (DPO)	128.77	142.44	125.75	131.12	138.41	157.62	142.94	152.55	160.76	175.03
Cash Conversion Cycle (CCC)	54.05	65.08	64.60	67.95	70.76	81.43	90.03	83.56	82.22	71.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	572	659	685	683	738	727	654	702	696	639
Invested Capital Turnover	2.55	2.50	2.60	2.56	2.51	2.33	2.28	2.16	2.03	2.08
Increase / (Decrease) in Invested Capital	-21	60	119	81	166	68	-31	18	-42	-88
Enterprise Value (EV)	1,454	1,963	2,229	1,607	1,506	1,589	1,889	1,998	2,160	2,078
Market Capitalization	994	1,481	1,728	1,090	949	1,078	1,395	1,427	1,598	1,556
Book Value per Share	$0.53	$0.82	$0.84	$0.74	$0.80	$0.95	$0.70	$0.56	$0.57	$0.49
Tangible Book Value per Share	($0.76)	($0.46)	($0.40)	($0.42)	($0.31)	($0.22)	($0.39)	($0.51)	($0.52)	($0.52)
Total Capital	782	848	855	850	865	901	847	817	812	785
Total Debt	668	668	669	683	684	684	685	686	678	668
Total Long-Term Debt	667	668	662	676	658	659	660	660	667	668
Net Debt	461	482	501	518	558	511	494	571	563	523
Capital Expenditures (CapEx)	11	8.30	17	11	13	21	8.08	15	24	28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	197	244	276	267	324	294	234	257	233	174
Debt-free Net Working Capital (DFNWC)	404	430	443	433	449	467	425	372	348	320
Net Working Capital (NWC)	404	429	436	426	424	441	400	346	338	319
Net Nonoperating Expense (NNE)	5.42	-11	1.78	10	15	4.87	31	27	6.61	26
Net Nonoperating Obligations (NNO)	458	479	499	516	557	510	493	570	562	522
Total Depreciation and Amortization (D&A)	22	21	20	21	21	20	16	16	17	17
Debt-free, Cash-free Net Working Capital to Revenue	13.26%	15.48%	16.94%	16.26%	19.66%	18.21%	15.31%	17.16%	15.99%	12.25%
Debt-free Net Working Capital to Revenue	27.17%	27.30%	27.25%	26.32%	27.29%	28.93%	27.83%	24.85%	23.88%	22.53%
Net Working Capital to Revenue	27.14%	27.27%	26.81%	25.89%	25.73%	27.35%	26.17%	23.16%	23.17%	22.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.05)	$0.16	($0.04)	($0.09)	($0.04)	$0.06	($0.27)	($0.21)	($0.06)	($0.10)
Adjusted Weighted Average Basic Shares Outstanding	217.62M	216.38M	222.39M	225.92M	228.08M	226.73M	231.53M	234.35M	235.83M	234.67M
Adjusted Diluted Earnings per Share	($0.05)	$0.16	($0.04)	($0.09)	($0.04)	$0.06	($0.27)	($0.21)	($0.06)	($0.10)
Adjusted Weighted Average Diluted Shares Outstanding	217.62M	216.38M	222.39M	225.92M	228.08M	226.73M	231.53M	234.35M	235.83M	234.67M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	219.74M	222.66M	225.62M	226.92M	0.00	0.00	234.29M	235.66M	236.80M	237.99M
Normalized Net Operating Profit after Tax (NOPAT)	-5.72	23	-6.07	-9.00	5.64	11	-30	-18	-7.81	0.15
Normalized NOPAT Margin	-1.46%	4.77%	-1.55%	-2.39%	1.44%	2.37%	-9.73%	-5.28%	-2.20%	0.04%
Pre Tax Income Margin	-1.83%	7.70%	-1.23%	-3.67%	-1.77%	1.80%	-18.47%	-14.11%	-2.94%	-4.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	6.09	0.22	-0.96	0.02	1.82	-5.70	-5.02	-0.29	-1.69
NOPAT to Interest Expense	0.00	3.13	-0.97	-1.35	0.70	2.01	-3.49	-2.56	-0.88	0.01
EBIT Less CapEx to Interest Expense	0.00	4.95	-2.25	-2.42	-1.74	-0.61	-6.64	-6.81	-3.04	-5.88
NOPAT Less CapEx to Interest Expense	0.00	1.98	-3.45	-2.81	-1.05	-0.42	-4.42	-4.34	-3.63	-4.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Infinera's Financials

When does Infinera's fiscal year end?

According to the most recent income statement we have on file, Infinera's financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has Infinera's net income changed over the last 9 years?

Infinera's net income appears to be on an upward trend, with a most recent value of -$150.34 million in 2024, falling from $13.66 million in 2014. The previous period was -$25.21 million in 2023.

What is Infinera's operating income?

Infinera's total operating income in 2024 was -$83.65 million, based on the following breakdown:

Total Gross Profit: $544.56 million
Total Operating Expenses: $628.21 million

How has Infinera revenue changed over the last 9 years?

Over the last 9 years, Infinera's total revenue changed from $668.08 million in 2014 to $1.42 billion in 2024, a change of 112.3%.

How much debt does Infinera have?

Infinera's total liabilities were at $1.42 billion at the end of 2024, a 3.1% decrease from 2023, and a 321.7% increase since 2014.

How much cash does Infinera have?

In the past 10 years, Infinera's cash and equivalents has ranged from $86.50 million in 2014 to $298.01 million in 2020, and is currently $145.81 million as of their latest financial filing in 2024.

How has Infinera's book value per share changed over the last 10 years?

Over the last 10 years, Infinera's book value per share changed from 3.85 in 2014 to 0.49 in 2024, a change of -87.2%.

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This page (NASDAQ:INFN) was last updated on 4/15/2025 by MarketBeat.com Staff

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Infinera (INFN) Financials

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