Infinera Corp

Delisted

CIK 0001138639Large AcceleratedTelephone & Telegraph ApparatusDelawareFY ends Dec 28

Period

FY 2024

Revenue

$1.42B

Net Income

$-150.34M

Total Assets

$1.53B

Equity

$116.52M

Shares Out

237.99M

Op. Cash Flow

$80.68M

Business

Infinera Corp is a semiconductor manufacturer and global supplier of optical networking solutions that design, develop and manufacture indium phosphide-based photonic integrated circuits and coherent optical engines for high-capacity optical communications. Its main products and services include optical transport platforms, compact modular and packet-optical systems, optical line systems, coherent optical pluggable subsystems (ICE-X), automation and network management software (Transcend), and professional and support services. The company operates organized around systems, subsystems, optical semiconductor fabrication and software/service offerings as its principal business segments. It sells globally to telecommunications carriers, internet content and cloud providers, cable operators, wholesale carriers, enterprises, research institutions and government customers via a direct sales force and indirect channel partners across North America, LATAM, EMEA and APAC.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Revenue	1,418	1,614	1,573	1,425	1,356
Amortization of intangible assets	0	11	23	20	29
Restructuring and other related costs	596,000	2	222,000	2	4
Total cost of revenue	874	991	1,037	927	947
Gross profit	545	623	536	498	409
Research and development	300	317	306	300	266
Sales and marketing	159	167	146	139	130
General and administrative	133	125	119	115	112
Amortization of intangible assets	9	12	15	17	19
Merger-related charges	23	0	0	—	—
Restructuring and other related costs	4	7	10	13	25
Total operating expenses	628	628	596	585	564
Loss from operations	−84	−5	−60	−87	−155
Interest income	3	3	893,000	455,000	118,000
Interest expense	−32	−31	−26	—	—
Gain on extinguishment of debt	0	0	16	0	0
Other gain (loss), net	−20	15	14	−23	1
Total other income (expense), net	−49	−13	5	−71	−45
Loss before income taxes	−133	−17	−56	−159	−201
Provision for income taxes	17	8	21	12	6
Net loss	−150	−25	−76	−171	−207
Basic (in dollars per share)	−0.64	−0.11	−0.35	−0.82	−1.1
Diluted (in dollars per share)	−0.64	−0.11	−0.35	−0.82	−1.1
Basic (in shares)	235	227	216	207	188
Diluted (in shares)	235	227	216	207	188

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Cash and cash equivalents	146	173	179	191	298
Short-term restricted cash	0	517,000	7	3	3
Accounts receivable, net	337	382	420	359	319
Inventory	308	431	375	291	269
Prepaid expenses and other current assets	155	129	152	148	172
Total current assets	946	1,115	1,133	992	1,062
Property, plant and equipment, net	249	207	173	160	153
Operating lease right-of-use assets	36	40	35	45	69
Intangible assets, net	16	25	48	87	125
Goodwill	224	241	233	256	273
Long-term restricted cash	420,000	837,000	3	9	14
Other long-term assets	62	51	45	38	36
Total assets	1,534	1,679	1,669	1,587	1,732
Accounts payable	285	299	305	216	176
Accrued expenses and other current liabilities	143	111	141	147	151
Accrued compensation and related benefits	50	85	79	88	53
Short-term debt, net	482,000	26	510,000	533,000	102
Accrued warranty	13	17	20	23	19
Deferred revenue	135	136	159	137	133
Total current liabilities	627	674	704	612	634
Long-term debt, net	668	659	668	477	446
Long-term accrued warranty	12	16	17	21	21
Long-term deferred revenue	29	21	23	32	30
Long-term deferred tax liability	3	2	2	2	4
Long-term operating lease liabilities	42	47	46	54	76
Other long-term liabilities	36	43	30	65	95
Commitments and contingencies (Note 12)	—	—	—	—	—
Preferred stock, $0.001 par value Authorized shares25,000 and no shares issued and outstanding	0	0	0	0	0
Common stock, $0.001 par value Authorized shares500,000 in 2024 and 500,000 in 2023 Issued and outstanding shares237,396 in 2024 and 230,994 in 2023	237,000	231,000	220,000	211,000	201,000
Additional paid-in capital	2,025	1,976	1,901	2,026	1,965
Accumulated other comprehensive loss	−33	−35	−22	−4	−12
Accumulated deficit	−1,875	−1,725	−1,700	−1,698	−1,527
Total stockholders' equity	117	217	180	324	426
Total liabilities and stockholders equity	1,534	1,679	1,669	1,587	1,732

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Depreciation and amortization	62	79	84	84	100
Non-cash restructuring charges and other related costs	40,000	1	6	7	5
Amortization of debt discount and issuance costs	4	4	6	32	28
Operating lease expense	9	7	9	15	19
Stock-based compensation expense	51	62	61	52	49
Other, net	−76,000	−823,000	1	4	4
Accounts receivable	40	39	−69	−46	32
Inventory	122	−58	−90	−28	71
Prepaid expenses and other current assets	−49	10	−34	−424,000	−36
Accounts payable	−28	−3	88	32	−93
Accrued expenses and other current liabilities	12	−40	−24	39	−108
Deferred revenue	9	−25	15	8	22
Net cash provided by (used in) operating activities	81	50	−38	28	−112
Purchase of property and equipment	−75	−62	−46	−41	−39
Net cash used in investing activities	−75	−62	−46	−41	−39
Proceeds from issuance of 2028 Notes	0	99	374	0	195
Repayment of 2024 Notes	−19	−83	−281	0	0
Payment of debt issuance cost	0	−2	−12	0	−2
Proceeds from asset-based revolving credit facility	50	50	80	0	55
Repayment of asset-based revolving credit facility	−50	−50	−80	−77	−8
Repayment of mortgage payable	−470,000	−510,000	−533,000	−350,000	−233,000
Principal payments on finance lease obligations	−562,000	−1	−1	−2	−2
Payment of term license obligation	−10	−10	−8	−7	−6
Proceeds from issuance of common stock	6,000	15	15	16	17
Tax withholding paid on behalf of employees for net share settlement	−2	−2	−4	−7	−2
Net cash provided by (used in) financing activities	−32	14	82	−102	334
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	−1	−16	−12	2	−267,000
Net change in cash, cash equivalents, and restricted cash	−28	−15	−13	−113	183
Cash paid for income taxes, net	22	14	15	19	5
Cash paid for interest, net	27	22	15	18	16
Transfer of inventory to fixed assets	0	2	9	2	1
Property and equipment included in accounts payable and accrued liabilities	34	10	7	9	0
Unpaid term licenses (included in accounts payable, accrued liabilities and other long term liabilities)	14	23	9	9	12

Filings

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Frequently asked questions

What is Infinera Corp's CIK number?

Infinera Corp's SEC CIK number is 0001138639 (1138639). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Infinera Corp's SEC filings?

All of Infinera Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

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