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	2024	2023	2022	2021	2020	2019	2017	2016	2015	2014
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/30/2017	12/31/2016	12/26/2015	12/27/2014
Net Income / (Loss) Attributable to Common Shareholders	-150	-25	-76	-171	-207	-387	-195	-24	51	14
Consolidated Net Income / (Loss)	-150	-25	-76	-171	-207	-387	-195	-24	51	14
Net Income / (Loss) Continuing Operations	-150	-25	-76	-171	-207	-387	-195	-24	51	14
Total Pre-Tax Income	-133	-17	-56	-159	-201	-384	-196	-29	52	16
Total Operating Income	-84	-4.84	-60	-87	-155	-350	-183	-26	60	27
Total Gross Profit	545	623	536	498	409	326	244	394	403	288
Total Revenue	1,418	1,614	1,573	1,425	1,356	1,299	741	870	887	668
Operating Revenue	1,418	1,614	1,573	1,425	1,356	1,299	741	870	887	668
Total Cost of Revenue	874	991	1,037	927	947	973	497	476	483	380
Operating Cost of Revenue	874	991	1,037	927	947	973	497	476	483	380
Total Operating Expenses	628	628	596	585	564	676	427	419	344	261
Selling, General & Admin Expense	133	125	119	115	112	126	71	68	62	48
Marketing Expense	159	167	146	139	130	151	110	112	101	79
Research & Development Expense	300	317	306	300	266	288	224	232	181	133
Amortization Expense	9.03	12	15	17	19	27	6.16	6.19	-	-
Other Operating Expenses / (Income)	23	0.00	0.00	-	-	-	-	1.87	-	-
Restructuring Charge	4.19	6.72	10	14	38	83	16	0.00	0.00	-
Total Other Income / (Expense), net	-49	-13	4.65	-71	-45	-33	-13	-3.41	-7.71	-11
Interest Expense	32	31	10	49	47	32	14	13	12	11
Interest & Investment Income	3.38	2.72	0.89	0.46	0.12	1.14	3.33	2.48	1.84	1.46
Other Income / (Expense), net	-20	15	14	-23	1.12	-2.91	-2.16	7.00	2.40	-1.37
Income Tax Expense	17	7.81	21	12	6.04	2.96	-1.43	-4.80	1.08	2.75
Basic Earnings per Share	($0.64)	($0.11)	($0.35)	($0.82)	($1.10)	($2.16)	($1.32)	($0.17)	$0.39	$0.11
Weighted Average Basic Shares Outstanding	234.67M	226.73M	216.38M	207.38M	188.22M	178.98M	147.88M	142.99M	133.26M	123.67M
Diluted Earnings per Share	($0.64)	($0.11)	($0.35)	($0.82)	($1.10)	($2.16)	($1.32)	($0.17)	$0.36	$0.11
Weighted Average Diluted Shares Outstanding	234.67M	226.73M	216.38M	207.38M	188.22M	178.98M	147.88M	142.99M	143.17M	128.57M
Weighted Average Basic & Diluted Shares Outstanding	237.99M	-	222.66M	212.81M	203.04M	183.03M	147.40M	140.70M	131.80M	124.20M

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Income / (Loss) Attributable to Common Shareholders	-26	-14	-48	-61	13	-9.41	-20	-8.41	33	-12
Consolidated Net Income / (Loss)	-26	-14	-48	-61	13	-9.41	-20	-8.41	33	-12
Net Income / (Loss) Continuing Operations	-26	-14	-48	-61	13	-9.41	-20	-8.41	33	-12
Total Pre-Tax Income	-18	-10	-48	-57	8.17	-6.95	-14	-4.84	37	-7.14
Total Operating Income	0.14	-11	-30	-43	11	7.66	-14	-9.47	25	-9.31
Total Gross Profit	157	141	136	110	175	158	143	147	181	134
Total Revenue	414	354	343	307	453	392	376	392	486	390
Operating Revenue	414	354	343	307	453	392	376	392	486	390
Total Cost of Revenue	257	213	207	196	279	234	233	245	305	256
Operating Cost of Revenue	257	213	207	196	279	234	233	245	305	256
Total Operating Expenses	157	152	165	153	164	151	157	156	155	144
Selling, General & Admin Expense	32	34	34	33	35	29	31	29	32	29
Marketing Expense	41	36	42	41	43	41	42	42	41	34
Research & Development Expense	75	73	75	77	80	77	79	81	78	76
Amortization Expense	2.26	2.26	2.26	2.26	2.26	2.98	3.52	3.59	3.58	3.58
Restructuring Charge	0.08	-0.16	3.95	0.31	4.10	0.40	1.43	0.79	0.58	1.14
Total Other Income / (Expense), net	-18	0.60	-19	-14	-3.09	-15	0.50	4.63	12	2.17
Interest Expense	6.75	8.76	8.16	8.63	8.81	7.61	7.39	6.80	7.26	-9.01
Interest & Investment Income	0.59	0.87	0.79	1.12	0.98	0.55	0.72	0.47	0.47	0.27
Other Income / (Expense), net	-12	8.49	-11	-6.21	4.74	-7.54	7.17	11	19	-7.11
Income Tax Expense	8.78	3.91	-0.08	4.69	-4.71	2.47	6.47	3.57	3.96	4.79
Basic Earnings per Share	($0.10)	($0.06)	($0.21)	($0.27)	$0.06	($0.04)	($0.09)	($0.04)	$0.16	($0.05)
Weighted Average Basic Shares Outstanding	234.67M	235.83M	234.35M	231.53M	226.73M	228.08M	225.92M	222.39M	216.38M	217.62M
Diluted Earnings per Share	($0.10)	($0.06)	($0.21)	($0.27)	$0.06	($0.04)	($0.09)	($0.04)	$0.16	($0.05)
Weighted Average Diluted Shares Outstanding	234.67M	235.83M	234.35M	231.53M	226.73M	228.08M	225.92M	222.39M	216.38M	217.62M
Weighted Average Basic & Diluted Shares Outstanding	237.99M	236.80M	235.66M	234.29M	0.00	-	226.92M	225.62M	222.66M	219.74M

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015	12/27/2014
Net Change in Cash & Equivalents	-28	-15	-13	-113	183	-110	121	-56	23	63	-38
Net Cash From Operating Activities	81	50	-38	28	-112	-167	-99	-22	38	133	36
Net Cash From Continuing Operating Activities	81	50	-38	28	-112	-167	-99	-22	38	133	36
Net Income / (Loss) Continuing Operations	-150	-25	-76	-171	-207	-387	-214	-195	-24	51	14
Consolidated Net Income / (Loss)	-150	-25	-76	-171	-207	-387	-214	-195	-24	51	14
Depreciation Expense	62	79	84	84	100	120	100	66	61	36	26
Amortization Expense	3.68	3.86	6.11	32	28	19	11	11	10	12	12
Non-Cash Adjustments To Reconcile Net Income	60	70	62	78	78	89	61	78	45	32	28
Changes in Operating Assets and Liabilities, net	105	-78	-114	5.11	-112	-8.27	-57	18	-54	2.11	-44
Net Cash From Investing Activities	-75	-62	-46	-41	-39	-13	13	-55	-8.03	-91	-96
Net Cash From Continuing Investing Activities	-75	-62	-46	-41	-39	-13	13	-55	-8.03	-91	-96
Purchase of Property, Plant & Equipment	-75	-62	-46	-41	-39	-30	-38	-58	-43	-42	-23
Net Cash From Financing Activities	-32	14	82	-102	334	72	208	16	-2.78	21	23
Net Cash From Continuing Financing Activities	-32	14	82	-102	334	72	208	16	-2.78	21	23
Repayment of Debt	-69	-137	-374	-77	-11	-21	-150	0.00	0.00	-	-
Issuance of Debt	50	149	454	0.00	250	81	391	0.00	-	-	-
Issuance of Common Equity	0.01	15	15	16	110	12	18	18	18	25	25
Other Financing Activities, net	-13	-13	-13	-41	-15	-0.59	-51	-1.03	-3.66	-4.37	-1.85
Effect of Exchange Rate Changes	-1.08	-16	-12	1.93	-0.27	-1.49	-	-	-	-0.08	-0.60
Cash Interest Paid	27	22	15	18	16	9.56	3.55	2.64	2.78	2.65	2.63
Cash Income Taxes Paid	22	14	15	19	5.04	17	6.69	5.69	6.63	4.57	1.70

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Change in Cash & Equivalents	31	-0.08	-77	18	47	-40	-2.98	-19	-21	55
Net Cash From Operating Activities	72	45	-60	24	80	-30	1.42	-1.77	-0.56	20
Net Cash From Continuing Operating Activities	72	45	-60	24	80	-30	1.42	-1.77	-0.56	20
Net Income / (Loss) Continuing Operations	-26	-14	-48	-61	13	-9.41	-20	-8.41	33	-12
Consolidated Net Income / (Loss)	-26	-14	-48	-61	13	-9.41	-20	-8.41	33	-12
Depreciation Expense	16	16	16	15	19	20	20	20	20	21
Amortization Expense	0.93	0.93	0.92	0.91	0.89	0.86	1.26	0.85	0.84	1.15
Non-Cash Adjustments To Reconcile Net Income	14	17	12	16	14	18	22	17	19	0.86
Changes in Operating Assets and Liabilities, net	68	25	-41	53	33	-59	-21	-31	-74	8.26
Net Cash From Investing Activities	-28	-24	-15	-8.08	-21	-13	-11	-17	-8.30	-11
Net Cash From Continuing Investing Activities	-28	-24	-15	-8.08	-21	-13	-11	-17	-8.30	-11
Purchase of Property, Plant & Equipment	-28	-24	-15	-8.08	-21	-13	-11	-17	-8.30	-11
Net Cash From Financing Activities	-13	-12	-4.33	-3.02	-3.31	2.91	9.31	4.81	-4.33	45
Net Cash From Continuing Financing Activities	-13	-12	-4.33	-3.02	-3.31	2.91	9.31	4.81	-4.33	45
Repayment of Debt	-10	-33	-25	-0.23	-50	-0.99	-85	-0.28	-0.32	-332
Issuance of Common Equity	0.00	0.00	0.00	0.00	-	6.19	-	8.74	-	6.31
Other Financing Activities, net	-2.80	-3.46	-3.96	-2.79	-2.95	-2.29	-3.99	-3.65	-4.01	-2.73
Effect of Exchange Rate Changes	-0.22	-8.60	2.36	5.38	-7.70	0.08	-2.93	-5.70	-7.62	0.80
Cash Interest Paid	1.39	13	0.37	13	0.82	11	0.15	11	0.09	6.70
Cash Income Taxes Paid	3.59	4.85	3.53	9.83	4.15	0.97	7.02	1.96	5.80	4.90

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015	12/27/2014
Total Assets	1,534	1,679	1,669	1,587	1,732	1,628	1,801	1,118	1,199	1,224	818
Total Current Assets	946	1,115	1,133	992	1,062	943	957	648	730	665	652
Cash & Equivalents	146	173	179	191	298	109	203	116	163	149	86
Restricted Cash	0.00	0.52	7.27	2.84	3.29	4.34	13	0.54	8.49	0.00	-
Accounts Receivable	337	382	420	359	319	350	317	126	150	186	155
Inventories, net	308	431	375	291	269	340	312	215	233	175	147
Prepaid Expenses	155	129	152	148	172	139	85	43	34	30	25
Plant, Property, & Equipment, net	249	207	173	160	0.00	0.00	343	136	125	111	82
Total Noncurrent Assets	338	357	363	435	671	686	501	334	343	448	85
Goodwill	224	241	233	256	273	250	227	196	177	192	0.00
Intangible Assets	16	25	48	87	125	170	233	92	108	156	0.36
Other Noncurrent Operating Assets	98	91	80	84	258	246	15	5.26	3.90	4.01	5.04
Other Noncurrent Nonoperating Assets	0.42	0.84	3.27	9.07	14	19	26	4.60	6.45	5.31	5.46
Total Liabilities & Shareholders' Equity	1,534	1,679	1,669	1,587	1,732	1,628	1,801	1,118	1,199	1,224	818
Total Liabilities	1,417	1,463	1,489	1,263	1,306	1,242	1,097	452	436	447	336
Total Current Liabilities	627	674	704	612	634	715	503	375	217	237	174
Short-Term Debt	0.48	26	0.51	0.53	102	32	0.00	145	0.00	-	-
Accounts Payable	428	410	446	363	326	467	191	58	62	93	62
Accrued Expenses	13	17	20	23	19	21	152	53	49	52	39
Current Deferred Revenue	135	136	159	137	133	104	89	72	59	43	35
Current Employee Benefit Liabilities	50	85	79	88	53	92	71	46	47	50	39
Total Noncurrent Liabilities	790	789	786	651	672	526	595	78	220	210	162
Long-Term Debt	668	659	668	477	446	324	267	0.00	134	123	117
Noncurrent Deferred Revenue	29	21	23	32	30	36	32	23	19	14	11
Noncurrent Deferred & Payable Income Tax Liabilities	3.04	1.81	2.35	2.36	4.16	8.70	13	22	25	36	2.13
Other Noncurrent Operating Liabilities	90	107	92	140	192	156	89	34	41	37	32
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	117	217	180	324	426	387	704	665	762	777	482
Total Preferred & Common Equity	117	217	180	324	426	387	704	665	762	762	482
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	117	217	180	324	426	387	704	665	762	762	482
Common Stock	2,025	1,976	1,902	2,026	1,965	1,741	1,686	1,417	1,354	1,300	1,077
Retained Earnings	-1,875	-1,725	-1,700	-1,698	-1,527	-1,320	-957	-758	-564	-539	-591
Accumulated Other Comprehensive Income / (Loss)	-33	-35	-22	-4.50	-12	-35	-25	6.25	-28	1.12	-4.62

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/28/2024	6/29/2024	3/30/2024	9/30/2023	7/1/2023	4/1/2023	9/24/2022
Total Assets	1,506	1,519	1,565	1,568	1,586	1,598	1,500
Total Current Assets	922	951	1,014	1,039	1,055	1,070	982
Cash & Equivalents	115	115	191	124	163	164	198
Restricted Cash	0.04	0.33	0.49	1.73	2.45	3.87	8.95
Accounts Receivable	288	284	265	329	326	334	284
Inventories, net	356	384	421	457	427	413	331
Prepaid Expenses	163	167	137	127	137	155	160
Plant, Property, & Equipment, net	231	220	207	201	191	177	160
Total Noncurrent Assets	352	348	344	329	340	351	358
Goodwill	238	231	230	225	227	234	224
Intangible Assets	18	20	23	27	34	41	56
Other Noncurrent Operating Assets	96	96	91	76	78	75	75
Other Noncurrent Nonoperating Assets	0.45	0.65	0.83	0.98	1.30	2.10	3.03
Total Liabilities & Shareholders' Equity	1,506	1,519	1,565	1,568	1,586	1,598	1,500
Total Liabilities	1,372	1,387	1,404	1,387	1,419	1,412	1,385
Total Current Liabilities	584	604	614	615	629	634	578
Short-Term Debt	10	25	25	26	7.02	7.15	0.55
Accounts Payable	396	369	342	392	396	396	380
Accrued Expenses	13	15	16	19	19	18	21
Current Deferred Revenue	116	141	142	101	136	153	107
Current Employee Benefit Liabilities	49	54	89	77	72	60	70
Total Noncurrent Liabilities	787	783	789	772	790	778	807
Long-Term Debt	667	660	660	658	676	662	667
Noncurrent Deferred Revenue	22	22	25	21	22	22	23
Noncurrent Deferred & Payable Income Tax Liabilities	1.77	1.69	1.68	2.23	2.27	2.37	1.94
Other Noncurrent Operating Liabilities	97	99	103	91	90	92	116
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	134	132	162	181	167	186	114
Total Preferred & Common Equity	134	132	162	181	167	186	114
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	134	132	162	181	167	186	114
Common Stock	2,013	1,999	1,991	1,964	1,943	1,925	1,886
Retained Earnings	-1,849	-1,834	-1,786	-1,738	-1,728	-1,708	-1,733
Accumulated Other Comprehensive Income / (Loss)	-30	-33	-43	-45	-47	-31	-39

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015	12/27/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-12.12%	2.60%	10.39%	5.13%	4.37%	0.00%	0.00%	-14.87%	-1.87%	32.73%	22.78%
EBITDA Growth	-140.90%	111.52%	647.27%	122.82%	87.94%	-155.93%	22.46%	-303.69%	-51.89%	71.88%	1,109.61%
EBIT Growth	-1,092.91%	122.84%	58.32%	28.51%	56.37%	-80.79%	-5.44%	-886.83%	-130.21%	139.19%	202.57%
NOPAT Growth	-1,628.31%	91.95%	31.23%	43.63%	55.69%	-88.62%	28.49%	-610.36%	-130.84%	157.06%	234.41%
Net Income Growth	-496.27%	66.84%	55.47%	17.39%	46.53%	-80.41%	-10.17%	-712.91%	-146.96%	273.01%	142.53%
EPS Growth	-481.82%	68.57%	57.32%	25.45%	49.07%	-58.82%	-3.03%	-676.47%	-147.22%	227.27%	140.74%
Operating Cash Flow Growth	62.96%	231.82%	-233.53%	125.05%	32.90%	-68.90%	-351.92%	-157.13%	-71.18%	270.31%	2.23%
Free Cash Flow Firm Growth	141.48%	29.84%	-10,922.42%	99.41%	-502.20%	107.46%	-229.38%	-496.80%	93.70%	-1,435.44%	-80.52%
Invested Capital Growth	-12.15%	10.37%	10.04%	-9.15%	7.75%	-31.71%	77.29%	-4.50%	-0.10%	173.62%	26.74%
Revenue Q/Q Growth	-2.68%	-1.97%	5.76%	3.39%	-2.24%	0.00%	0.00%	-17.95%	-8.32%	9.07%	7.60%
EBITDA Q/Q Growth	-449.46%	-23.49%	691.55%	-80.37%	70.49%	16.27%	-18.63%	-42.85%	-49.19%	8.56%	49.17%
EBIT Q/Q Growth	-35.73%	-72.90%	57.68%	-25.49%	28.65%	15.04%	-32.72%	-22.85%	-156.24%	3.12%	329.94%
NOPAT Q/Q Growth	-15.33%	6.32%	37.11%	-4.00%	25.85%	13.22%	-30.79%	-15.55%	-150.78%	6.10%	339.59%
Net Income Q/Q Growth	-35.29%	-444.79%	46.66%	-15.68%	21.52%	14.75%	-38.42%	-24.47%	-199.73%	7.96%	377.12%
EPS Q/Q Growth	-33.33%	-1,000.00%	46.97%	-17.14%	23.08%	18.18%	-33.33%	-23.36%	-206.25%	2.86%	375.00%
Operating Cash Flow Q/Q Growth	-8.62%	261.24%	-5.43%	-64.38%	35.72%	26.83%	-247.20%	15.49%	-44.56%	5.62%	-16.41%
Free Cash Flow Firm Q/Q Growth	448.02%	57.81%	-124.30%	-103.92%	17.45%	109.78%	-758.83%	0.93%	-68.33%	0.13%	-114.04%
Invested Capital Q/Q Growth	-8.23%	-1.51%	15.19%	0.91%	-2.49%	-3.43%	72.48%	-9.48%	-6.15%	2.29%	4.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.39%	38.59%	34.06%	34.94%	30.16%	25.09%	0.00%	32.94%	45.25%	45.50%	43.15%
EBITDA Margin	-2.69%	5.77%	2.80%	0.41%	-1.90%	-16.49%	0.00%	-14.57%	6.09%	12.42%	9.59%
Operating Margin	-5.90%	-0.30%	-3.82%	-6.14%	-11.45%	-26.96%	0.00%	-24.72%	-2.96%	6.74%	4.09%
EBIT Margin	-7.34%	0.65%	-2.92%	-7.73%	-11.37%	-27.19%	0.00%	-25.01%	-2.16%	7.01%	3.89%
Profit (Net Income) Margin	-10.60%	-1.56%	-4.83%	-11.98%	-15.25%	-29.77%	0.00%	-26.26%	-2.75%	5.75%	2.04%
Tax Burden Percent	113.01%	144.84%	136.99%	107.55%	103.01%	100.77%	99.70%	99.27%	82.00%	97.92%	83.23%
Interest Burden Percent	127.78%	-166.03%	120.91%	144.16%	130.25%	108.64%	110.05%	105.77%	155.45%	83.74%	63.18%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.08%	16.77%
Return on Invested Capital (ROIC)	-8.58%	-0.49%	-6.70%	-9.74%	-17.10%	-32.54%	0.00%	-24.79%	-3.41%	16.18%	13.15%
ROIC Less NNEP Spread (ROIC-NNEP)	-26.35%	-4.90%	-15.70%	-52.92%	-59.98%	-100.45%	0.00%	8.91%	-0.96%	19.00%	16.43%
Return on Net Nonoperating Assets (RNNOA)	-81.69%	-12.24%	-23.51%	-35.80%	-33.76%	-38.38%	0.00%	-2.46%	0.30%	-8.09%	-10.11%
Return on Equity (ROE)	-90.26%	-12.73%	-30.21%	-45.54%	-50.87%	-70.92%	-31.30%	-27.25%	-3.11%	8.09%	3.04%
Cash Return on Invested Capital (CROIC)	4.36%	-10.35%	-16.26%	-0.15%	-24.57%	5.15%	-74.31%	-20.19%	-3.31%	-76.76%	-10.44%
Operating Return on Assets (OROA)	-6.48%	0.63%	-2.82%	-6.64%	-9.17%	-20.59%	0.00%	-16.00%	-1.55%	6.09%	3.42%
Return on Assets (ROA)	-9.36%	-1.51%	-4.67%	-10.29%	-12.30%	-22.55%	0.00%	-16.79%	-1.98%	4.99%	1.80%
Return on Common Equity (ROCE)	-90.26%	-12.73%	-30.21%	-45.54%	-50.87%	-70.92%	-31.30%	-27.25%	-3.08%	8.00%	3.04%
Return on Equity Simple (ROE_SIMPLE)	-129.03%	-11.64%	-42.33%	-52.75%	-48.49%	-100.02%	-30.45%	-29.23%	-3.14%	6.69%	2.83%
Net Operating Profit after Tax (NOPAT)	-59	-3.39	-42	-61	-109	-245	-130	-128	-18	58	23
NOPAT Margin	-4.13%	-0.21%	-2.68%	-4.30%	-8.01%	-18.88%	0.00%	-17.30%	-2.07%	6.60%	3.41%
Net Nonoperating Expense Percent (NNEP)	17.78%	4.41%	9.00%	43.18%	42.87%	67.92%	538.17%	-33.70%	-2.45%	-2.81%	-3.29%
Return On Investment Capital (ROIC_SIMPLE)	-7.46%	-0.38%	-4.97%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	61.61%	61.41%	65.94%	65.06%	69.84%	74.91%	0.00%	67.06%	54.75%	54.50%	56.85%
SG&A Expenses to Revenue	9.35%	7.74%	7.54%	8.10%	8.28%	9.73%	0.00%	9.53%	7.77%	6.95%	7.25%
R&D to Revenue	21.18%	19.63%	19.46%	21.04%	19.60%	22.17%	0.00%	30.29%	26.68%	20.38%	19.98%
Operating Expenses to Revenue	44.29%	38.89%	37.88%	41.08%	41.60%	52.06%	0.00%	57.66%	48.21%	38.77%	39.06%
Earnings before Interest and Taxes (EBIT)	-104	10	-46	-110	-154	-353	-195	-185	-19	62	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-38	93	44	5.89	-26	-214	-84	-108	53	110	64
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	13.35	4.98	8.24	6.22	4.97	3.64	0.88	1.42	1.61	3.40	3.88
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	75.71	0.00	2.54	2.50	2.57	6.25	3.88
Price to Revenue (P/Rev)	1.10	0.67	0.94	1.41	1.56	1.08	0.00	1.28	1.41	2.92	2.80
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	50.33	136.76
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.99%	0.73%
Enterprise Value to Invested Capital (EV/IC)	3.25	2.19	2.98	3.84	3.59	2.70	0.93	1.56	1.89	4.46	8.19
Enterprise Value to Revenue (EV/Rev)	1.47	0.98	1.25	1.61	1.74	1.27	0.00	1.07	1.15	2.66	2.37
Enterprise Value to EBITDA (EV/EBITDA)	0.00	17.06	44.59	389.83	0.00	0.00	0.00	0.00	18.88	21.44	24.74
Enterprise Value to EBIT (EV/EBIT)	0.00	151.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	37.99	61.02
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	40.35	69.66
Enterprise Value to Operating Cash Flow (EV/OCF)	25.76	32.10	0.00	81.66	0.00	0.00	0.00	0.00	26.07	17.72	44.07
Enterprise Value to Free Cash Flow (EV/FCFF)	69.87	0.00	0.00	0.00	0.00	42.55	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.74	3.16	3.72	1.47	1.29	0.93	0.65	0.22	0.18	0.16	0.24
Long-Term Debt to Equity	5.73	3.04	3.72	1.47	1.05	0.84	0.65	0.00	0.18	0.16	0.24
Financial Leverage	3.10	2.50	1.50	0.68	0.56	0.38	0.02	-0.28	-0.31	-0.43	-0.62
Leverage Ratio	9.65	8.45	6.47	4.43	4.13	3.15	2.13	1.62	1.57	1.62	1.69
Compound Leverage Factor	12.32	-14.03	7.82	6.38	5.39	3.42	2.35	1.72	2.45	1.36	1.07
Debt to Total Capital	85.16%	75.96%	78.81%	59.58%	56.25%	48.07%	39.55%	17.89%	14.91%	13.70%	19.52%
Short-Term Debt to Total Capital	0.06%	2.83%	0.06%	0.07%	10.47%	4.26%	0.00%	17.89%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	85.09%	73.13%	78.75%	59.52%	45.78%	43.81%	39.55%	0.00%	14.91%	13.70%	19.52%
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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.66%	0.00%
Common Equity to Total Capital	14.84%	24.04%	21.19%	40.42%	43.75%	51.93%	60.45%	82.11%	85.09%	84.65%	80.48%
Debt to EBITDA	-17.55	7.35	15.18	81.01	-21.22	-1.67	-5.50	-1.34	2.52	1.12	1.82
Net Debt to EBITDA	-13.72	5.49	10.95	48.18	-9.55	-1.14	-2.60	1.44	-4.29	-2.20	-4.42
Long-Term Debt to EBITDA	-17.53	7.07	15.17	80.92	-17.27	-1.52	-5.50	0.00	2.52	1.12	1.82
Debt to NOPAT	-11.42	-201.97	-15.87	-7.79	-5.04	-1.46	-3.54	-1.13	-7.40	2.11	5.14
Net Debt to NOPAT	-8.93	-150.90	-11.45	-4.64	-2.27	-1.00	-1.68	1.21	12.58	-4.14	-12.43
Long-Term Debt to NOPAT	-11.41	-194.44	-15.86	-7.79	-4.11	-1.33	-3.54	0.00	-7.40	2.11	5.14
Altman Z-Score	-0.10	0.30	0.33	0.41	0.52	-0.21	-0.46	0.71	2.22	4.17	3.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.97%	1.18%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.51	1.65	1.61	1.62	1.68	1.32	1.90	1.73	3.37	2.81	3.74
Quick Ratio	0.77	0.82	0.85	0.90	0.97	0.64	1.09	1.04	2.10	1.94	2.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	30	-72	-102	-0.93	-156	39	-520	-104	-17	-277	-18
Operating Cash Flow to CapEx	107.55%	79.45%	-81.56%	67.98%	-287.88%	-554.10%	-262.88%	-37.78%	88.56%	316.95%	155.54%
Free Cash Flow to Firm to Interest Expense	0.92	-2.34	-9.74	-0.02	-3.34	1.23	-23.60	-7.45	-1.36	-23.23	-1.64
Operating Cash Flow to Interest Expense	2.50	1.62	-3.58	0.57	-2.40	-5.29	-4.49	-1.56	2.98	11.15	3.26
Operating Cash Flow Less CapEx to Interest Expense	0.18	-0.42	-7.97	-0.27	-3.24	-6.24	-6.20	-5.70	-0.38	7.63	1.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.96	0.97	0.86	0.81	0.76	0.00	0.64	0.72	0.87	0.88
Accounts Receivable Turnover	3.95	4.03	4.04	4.20	4.05	3.90	0.00	5.36	5.17	5.20	5.23
Inventory Turnover	2.36	2.46	3.11	3.31	3.11	2.98	2.36	2.22	2.34	3.01	2.81
Fixed Asset Turnover	6.21	8.50	9.44	0.00	0.00	0.00	0.00	5.68	7.38	9.22	8.29
Accounts Payable Turnover	2.09	2.32	2.56	2.69	2.39	2.96	4.99	8.24	6.15	6.27	7.49
Days Sales Outstanding (DSO)	92.45	90.65	90.33	86.87	90.08	93.68	0.00	68.13	70.60	70.15	69.72
Days Inventory Outstanding (DIO)	154.41	148.40	117.19	110.35	117.53	122.36	154.45	164.47	156.16	121.30	129.84
Days Payable Outstanding (DPO)	175.03	157.62	142.44	135.76	152.83	123.38	73.12	44.31	59.39	58.19	48.72
Cash Conversion Cycle (CCC)	71.82	81.43	65.08	61.46	54.77	92.67	0.00	188.28	167.37	133.26	150.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	639	727	659	599	659	611	895	505	529	529	193
Invested Capital Turnover	2.08	2.33	2.50	2.27	2.13	1.72	0.00	1.43	1.64	2.45	3.86
Increase / (Decrease) in Invested Capital	-88	68	60	-60	47	-284	390	-24	-0.55	336	41
Enterprise Value (EV)	2,078	1,589	1,963	2,297	2,365	1,651	836	790	1,000	2,360	1,585
Market Capitalization	1,556	1,078	1,481	2,013	2,118	1,407	618	945	1,227	2,588	1,868
Book Value per Share	$0.49	$0.95	$0.82	$1.54	$2.21	$2.14	$4.46	$4.46	$5.27	$5.45	$3.85
Tangible Book Value per Share	($0.52)	($0.22)	($0.46)	($0.09)	$0.14	($0.19)	$1.54	$2.53	$3.30	$2.96	$3.84
Total Capital	785	901	848	801	974	744	1,164	810	896	900	599
Total Debt	668	684	668	477	548	358	460	145	134	123	117
Total Long-Term Debt	668	659	668	477	446	326	460	0.00	134	123	117
Net Debt	523	511	482	284	247	244	218	-156	-227	-242	-283
Capital Expenditures (CapEx)	75	62	46	41	39	30	38	58	43	42	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	174	294	244	186	229	146	212	154	201	153	151
Debt-free Net Working Capital (DFNWC)	320	467	430	380	530	259	454	418	514	428	478
Net Working Capital (NWC)	319	441	429	379	428	228	454	273	514	428	478
Net Nonoperating Expense (NNE)	92	22	34	110	98	141	84	66	5.89	7.54	9.10
Net Nonoperating Obligations (NNO)	522	510	479	275	233	225	192	-160	-233	-248	-288
Total Depreciation and Amortization (D&A)	66	83	90	116	128	139	112	77	72	48	38
Debt-free, Cash-free Net Working Capital to Revenue	12.25%	18.21%	15.48%	13.08%	16.87%	11.21%	0.00%	20.75%	23.11%	17.30%	22.66%
Debt-free Net Working Capital to Revenue	22.53%	28.93%	27.30%	26.65%	39.10%	19.95%	0.00%	56.46%	59.06%	48.28%	71.48%
Net Working Capital to Revenue	22.49%	27.35%	27.27%	26.61%	31.57%	17.52%	0.00%	36.89%	59.06%	48.28%	71.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.64)	($0.11)	$0.00	$0.00	($1.10)	($2.16)	($1.36)	($1.32)	($0.17)	$0.39	$0.11
Adjusted Weighted Average Basic Shares Outstanding	234.67M	226.73M	0.00	0.00	0.00	178.98M	157.75M	147.88M	142.99M	133.26M	123.67M
Adjusted Diluted Earnings per Share	($0.64)	($0.11)	$0.00	$0.00	($1.10)	($2.16)	($1.36)	($1.32)	($0.17)	$0.36	$0.11
Adjusted Weighted Average Diluted Shares Outstanding	234.67M	226.73M	0.00	0.00	188.22M	178.98M	157.75M	147.88M	142.99M	143.17M	128.57M
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	237.99M	0.00	0.00	0.00	203.04M	183.03M	0.00	149.64M	146.42M	141.39M	128.00M
Normalized Net Operating Profit after Tax (NOPAT)	-56	1.31	-35	-52	-82	-187	-110	-117	-18	58	23
Normalized NOPAT Margin	-3.92%	0.08%	-2.23%	-3.62%	-6.06%	-14.40%	0.00%	-15.75%	-2.07%	6.60%	3.41%
Pre Tax Income Margin	-9.38%	-1.08%	-3.53%	-11.14%	-14.80%	-29.54%	0.00%	-26.45%	-3.35%	5.87%	2.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.22	0.34	-4.37	-2.24	-3.30	-11.16	-8.86	-13.22	-1.46	5.20	2.36
NOPAT to Interest Expense	-1.81	-0.11	-4.01	-1.25	-2.32	-7.74	-5.89	-9.14	-1.40	4.90	2.06
EBIT Less CapEx to Interest Expense	-5.55	-1.69	-8.76	-3.09	-4.13	-12.11	-10.57	-17.36	-4.82	1.68	0.26
NOPAT Less CapEx to Interest Expense	-4.14	-2.15	-8.40	-2.09	-3.16	-8.70	-7.60	-13.28	-4.76	1.38	-0.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.24%	-70.09%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.24%	-70.09%	0.00%	0.00%

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.62%	-9.68%	-8.90%	-21.72%	-6.68%	0.49%	5.10%	15.70%	21.41%	9.73%
EBITDA Growth	-85.91%	-32.46%	-276.01%	-249.69%	-44.08%	247.39%	173.22%	379.78%	384.23%	191.38%
EBIT Growth	-171.29%	-2,285.22%	-475.65%	-3,399.46%	-63.81%	100.70%	83.53%	104.89%	340.66%	54.08%
NOPAT Growth	-99.45%	-243.67%	-108.59%	-354.13%	-21.72%	182.25%	64.02%	74.06%	419.35%	69.95%
Net Income Growth	-304.64%	-52.06%	-138.30%	-630.02%	-61.52%	21.10%	63.63%	79.90%	201.18%	77.82%
EPS Growth	-266.67%	-50.00%	-133.33%	-575.00%	-62.50%	20.00%	65.38%	80.00%	206.67%	80.77%
Operating Cash Flow Growth	-9.55%	249.58%	-4,322.11%	1,458.17%	14,222.70%	-251.73%	101.96%	-111.20%	-141.20%	249.03%
Free Cash Flow Firm Growth	274.77%	121.44%	57.28%	100.78%	-35.13%	-1,182.34%	-266.88%	-486.51%	-170.34%	-75.54%
Invested Capital Growth	-12.15%	-5.72%	2.66%	-4.53%	10.37%	29.10%	13.53%	21.07%	10.04%	-3.61%
Revenue Q/Q Growth	16.93%	3.40%	11.67%	-32.31%	15.57%	4.29%	-4.04%	-19.32%	24.46%	9.07%
EBITDA Q/Q Growth	-63.92%	157.76%	25.30%	-190.54%	72.90%	50.51%	-36.47%	-66.18%	974.15%	131.72%
EBIT Q/Q Growth	-353.92%	93.87%	16.67%	-407.47%	13,813.04%	101.61%	-577.60%	-96.63%	369.38%	62.04%
NOPAT Q/Q Growth	101.27%	63.11%	30.65%	-269.53%	231.21%	153.57%	-50.99%	-129.22%	448.00%	76.56%
Net Income Q/Q Growth	-84.05%	70.36%	21.35%	-576.93%	236.76%	53.55%	-140.94%	-125.14%	380.45%	78.59%
EPS Q/Q Growth	-66.67%	71.43%	22.22%	-550.00%	250.00%	55.56%	-125.00%	-125.00%	420.00%	80.77%
Operating Cash Flow Q/Q Growth	61.67%	174.33%	-349.54%	-69.84%	367.35%	-2,198.10%	180.27%	-213.65%	-102.87%	127.11%
Free Cash Flow Firm Q/Q Growth	156.05%	188.38%	-4,094.51%	101.93%	68.59%	-76.07%	27.36%	-236.34%	-351.61%	159.68%
Invested Capital Q/Q Growth	-8.23%	-0.81%	7.23%	-9.99%	-1.51%	8.01%	-0.29%	4.06%	15.19%	-5.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.96%	39.85%	39.56%	35.98%	38.57%	40.35%	37.95%	37.47%	37.15%	34.43%
EBITDA Margin	1.23%	4.00%	-7.16%	-10.70%	8.00%	5.35%	3.70%	5.60%	13.35%	1.55%
Operating Margin	0.03%	-3.10%	-8.70%	-14.00%	2.48%	1.95%	-3.80%	-2.41%	5.22%	-2.38%
EBIT Margin	-2.75%	-0.71%	-11.96%	-16.03%	3.53%	0.03%	-1.89%	0.38%	9.10%	-4.20%
Profit (Net Income) Margin	-6.36%	-4.04%	-14.09%	-20.00%	2.84%	-2.40%	-5.39%	-2.15%	6.89%	-3.06%
Tax Burden Percent	150.03%	137.59%	99.84%	108.28%	157.60%	135.50%	146.93%	173.83%	89.41%	167.13%
Interest Burden Percent	153.93%	413.97%	117.98%	115.26%	51.05%	-6,040.87%	193.67%	-324.48%	84.65%	43.49%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	-57.60%	0.00%	0.00%	0.00%	10.59%	0.00%
Return on Invested Capital (ROIC)	0.05%	-4.42%	-13.15%	-22.38%	9.12%	3.43%	-6.80%	-4.39%	11.68%	-4.26%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.07%	-5.60%	-18.20%	-28.69%	8.13%	0.52%	-8.85%	-4.79%	14.54%	-5.79%
Return on Net Nonoperating Assets (RNNOA)	-15.72%	-19.88%	-66.16%	-81.82%	20.31%	1.79%	-31.25%	-12.03%	21.77%	-9.04%
Return on Equity (ROE)	-15.67%	-24.30%	-79.30%	-104.20%	29.43%	5.22%	-38.06%	-16.42%	33.45%	-13.31%
Cash Return on Invested Capital (CROIC)	4.36%	-1.19%	-8.07%	0.63%	-10.35%	-25.95%	-11.94%	-22.76%	-16.26%	-7.82%
Operating Return on Assets (OROA)	-2.43%	-0.67%	-11.52%	-15.49%	3.40%	0.03%	-2.04%	0.40%	8.79%	-4.12%
Return on Assets (ROA)	-5.61%	-3.83%	-13.57%	-19.34%	2.74%	-2.58%	-5.80%	-2.26%	6.65%	-3.00%
Return on Common Equity (ROCE)	-15.67%	-24.30%	-79.30%	-104.20%	29.43%	5.22%	-38.06%	-16.42%	33.45%	-13.31%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-83.02%	-80.72%	-48.41%	0.00%	-2.55%	-4.27%	-22.87%	0.00%	-124.84%
Net Operating Profit after Tax (NOPAT)	0.10	-7.70	-21	-30	18	5.36	-10	-6.63	23	-6.51
NOPAT Margin	0.02%	-2.17%	-6.09%	-9.80%	3.91%	1.37%	-2.66%	-1.69%	4.67%	-1.67%
Net Nonoperating Expense Percent (NNEP)	5.12%	1.18%	5.05%	6.31%	0.99%	2.91%	2.05%	0.40%	-2.86%	1.52%
Return On Investment Capital (ROIC_SIMPLE)	0.01%	-	-	-	1.97%	-	-	-	2.67%	-
Cost of Revenue to Revenue	62.04%	60.15%	60.44%	64.02%	61.43%	59.65%	62.05%	62.53%	62.85%	65.57%
SG&A Expenses to Revenue	7.62%	9.64%	9.95%	10.70%	7.74%	7.48%	8.28%	7.46%	6.51%	7.41%
R&D to Revenue	18.15%	20.68%	21.79%	25.17%	17.56%	19.59%	21.09%	20.67%	16.05%	19.50%
Operating Expenses to Revenue	37.93%	42.95%	48.26%	49.99%	36.09%	38.40%	41.75%	39.88%	31.93%	36.81%
Earnings before Interest and Taxes (EBIT)	-11	-2.51	-41	-49	16	0.12	-7.12	1.49	44	-16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.11	14	-25	-33	36	21	14	22	65	6.04
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	13.35	11.94	10.84	8.64	4.98	5.23	6.52	9.28	8.24	8.70
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)	1.10	1.10	0.95	0.91	0.67	0.58	0.66	1.06	0.94	0.67
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)	3.25	3.10	2.85	2.89	2.19	2.04	2.35	3.25	2.98	2.54
Enterprise Value to Revenue (EV/Rev)	1.47	1.48	1.34	1.24	0.98	0.91	0.98	1.37	1.25	0.98
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	49.26	17.06	12.38	15.05	30.20	44.59	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	151.56	38.93	72.50	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	340.27	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	25.76	24.47	143.39	25.09	32.10	0.00	85.85	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	69.87	0.00	0.00	448.14	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.74	5.06	5.21	4.24	3.16	3.77	4.09	3.59	3.72	5.85
Long-Term Debt to Equity	5.73	4.98	5.02	4.08	3.04	3.63	4.04	3.55	3.72	5.84
Financial Leverage	3.10	3.55	3.64	2.85	2.50	3.43	3.53	2.51	1.50	1.56
Leverage Ratio	9.65	9.76	10.39	9.10	8.45	10.38	10.77	8.68	6.47	6.67
Compound Leverage Factor	14.85	40.39	12.26	10.48	4.31	-627.34	20.85	-28.16	5.48	2.90
Debt to Total Capital	85.16%	83.51%	83.90%	80.92%	75.96%	79.04%	80.34%	78.22%	78.81%	85.39%
Short-Term Debt to Total Capital	0.06%	1.29%	3.09%	3.00%	2.83%	2.96%	0.83%	0.84%	0.06%	0.07%
Long-Term Debt to Total Capital	85.09%	82.22%	80.81%	77.92%	73.13%	76.08%	79.51%	77.38%	78.75%	85.32%
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	14.84%	16.49%	16.10%	19.08%	24.04%	20.96%	19.66%	21.78%	21.19%	14.61%
Debt to EBITDA	-17.55	-97.75	-5,529.78	17.86	7.35	5.62	6.40	9.06	15.18	-89.70
Net Debt to EBITDA	-13.72	-81.14	-4,602.34	12.87	5.49	4.58	4.85	6.79	10.95	-61.89
Long-Term Debt to EBITDA	-17.53	-96.24	-5,325.97	17.20	7.07	5.41	6.33	8.97	15.17	-89.62
Debt to NOPAT	-11.42	-13.35	-18.18	-25.51	-201.97	-189.01	144.60	-28.84	-15.87	-9.97
Net Debt to NOPAT	-8.93	-11.08	-15.13	-18.38	-150.90	-154.27	109.57	-21.62	-11.45	-6.88
Long-Term Debt to NOPAT	-11.41	-13.14	-17.51	-24.56	-194.44	-181.92	143.11	-28.54	-15.86	-9.96
Altman Z-Score	0.10	0.21	0.10	0.18	0.31	0.23	0.28	0.59	0.51	0.09
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	1.51	1.58	1.57	1.65	1.65	1.69	1.68	1.69	1.61	1.70
Quick Ratio	0.77	0.69	0.66	0.74	0.82	0.74	0.78	0.79	0.85	0.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	88	35	-39	0.98	-51	-161	-91	-126	-37	15
Operating Cash Flow to CapEx	254.89%	184.99%	-411.15%	297.50%	371.96%	-223.70%	13.18%	-10.52%	-6.79%	178.11%
Free Cash Flow to Firm to Interest Expense	13.10	3.94	-4.79	0.11	-5.74	-21.16	-12.38	-18.51	-5.16	0.00
Operating Cash Flow to Interest Expense	10.68	5.08	-7.34	2.78	9.04	-3.92	0.19	-0.26	-0.08	0.00
Operating Cash Flow Less CapEx to Interest Expense	6.49	2.34	-9.13	1.85	6.61	-5.67	-1.27	-2.73	-1.22	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.95	0.96	0.97	0.96	1.07	1.08	1.05	0.97	0.98
Accounts Receivable Turnover	3.95	4.72	4.90	5.10	4.03	5.37	5.23	5.33	4.04	5.34
Inventory Turnover	2.36	2.20	2.26	2.26	2.46	2.58	2.82	3.00	3.11	3.19
Fixed Asset Turnover	6.21	6.75	7.28	7.97	8.50	9.13	9.45	9.70	9.44	0.00
Accounts Payable Turnover	2.09	2.27	2.39	2.55	2.32	2.64	2.78	2.90	2.56	2.83
Days Sales Outstanding (DSO)	92.45	77.27	74.44	71.56	90.65	67.93	69.75	68.50	90.33	68.38
Days Inventory Outstanding (DIO)	154.41	165.71	161.67	161.41	148.40	141.24	129.32	121.84	117.19	114.44
Days Payable Outstanding (DPO)	175.03	160.76	152.55	142.94	157.62	138.41	131.12	125.75	142.44	128.77
Cash Conversion Cycle (CCC)	71.82	82.22	83.56	90.03	81.43	70.76	67.95	64.60	65.08	54.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	639	696	702	654	727	738	683	685	659	572
Invested Capital Turnover	2.08	2.03	2.16	2.28	2.33	2.51	2.56	2.60	2.50	2.55
Increase / (Decrease) in Invested Capital	-88	-42	18	-31	68	166	81	119	60	-21
Enterprise Value (EV)	2,078	2,160	1,998	1,889	1,589	1,506	1,607	2,229	1,963	1,454
Market Capitalization	1,556	1,598	1,427	1,395	1,078	949	1,090	1,728	1,481	994
Book Value per Share	$0.49	$0.57	$0.56	$0.70	$0.95	$0.80	$0.74	$0.84	$0.82	$0.53
Tangible Book Value per Share	($0.52)	($0.52)	($0.51)	($0.39)	($0.22)	($0.31)	($0.42)	($0.40)	($0.46)	($0.76)
Total Capital	785	812	817	847	901	865	850	855	848	782
Total Debt	668	678	686	685	684	684	683	669	668	668
Total Long-Term Debt	668	667	660	660	659	658	676	662	668	667
Net Debt	523	563	571	494	511	558	518	501	482	461
Capital Expenditures (CapEx)	28	24	15	8.08	21	13	11	17	8.30	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	174	233	257	234	294	324	267	276	244	197
Debt-free Net Working Capital (DFNWC)	320	348	372	425	467	449	433	443	430	404
Net Working Capital (NWC)	319	338	346	400	441	424	426	436	429	404
Net Nonoperating Expense (NNE)	26	6.61	27	31	4.87	15	10	1.78	-11	5.42
Net Nonoperating Obligations (NNO)	522	562	570	493	510	557	516	499	479	458
Total Depreciation and Amortization (D&A)	17	17	16	16	20	21	21	20	21	22
Debt-free, Cash-free Net Working Capital to Revenue	12.25%	15.99%	17.16%	15.31%	18.21%	19.66%	16.26%	16.94%	15.48%	13.26%
Debt-free Net Working Capital to Revenue	22.53%	23.88%	24.85%	27.83%	28.93%	27.29%	26.32%	27.25%	27.30%	27.17%
Net Working Capital to Revenue	22.49%	23.17%	23.16%	26.17%	27.35%	25.73%	25.89%	26.81%	27.27%	27.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.10)	($0.06)	($0.21)	($0.27)	$0.06	($0.04)	($0.09)	($0.04)	$0.16	($0.05)
Adjusted Weighted Average Basic Shares Outstanding	234.67M	235.83M	234.35M	231.53M	226.73M	228.08M	225.92M	222.39M	216.38M	217.62M
Adjusted Diluted Earnings per Share	($0.10)	($0.06)	($0.21)	($0.27)	$0.06	($0.04)	($0.09)	($0.04)	$0.16	($0.05)
Adjusted Weighted Average Diluted Shares Outstanding	234.67M	235.83M	234.35M	231.53M	226.73M	228.08M	225.92M	222.39M	216.38M	217.62M
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	237.99M	236.80M	235.66M	234.29M	0.00	0.00	226.92M	225.62M	222.66M	219.74M
Normalized Net Operating Profit after Tax (NOPAT)	0.15	-7.81	-18	-30	11	5.64	-9.00	-6.07	23	-5.72
Normalized NOPAT Margin	0.04%	-2.20%	-5.28%	-9.73%	2.37%	1.44%	-2.39%	-1.55%	4.77%	-1.46%
Pre Tax Income Margin	-4.24%	-2.94%	-14.11%	-18.47%	1.80%	-1.77%	-3.67%	-1.23%	7.70%	-1.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.69	-0.29	-5.02	-5.70	1.82	0.02	-0.96	0.22	6.09	0.00
NOPAT to Interest Expense	0.01	-0.88	-2.56	-3.49	2.01	0.70	-1.35	-0.97	3.13	0.00
EBIT Less CapEx to Interest Expense	-5.88	-3.04	-6.81	-6.64	-0.61	-1.74	-2.42	-2.25	4.95	0.00
NOPAT Less CapEx to Interest Expense	-4.18	-3.63	-4.34	-4.42	-0.42	-1.05	-2.81	-3.45	1.98	0.00
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 financial year end?

According to the most recent income statement we have on file, Infinera's fiscal year ends in December. Their fiscal 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. See where experts think Infinera is headed by visiting Infinera's forecast page.

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 5/22/2025 by MarketBeat.com Staff

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Infinera (INFN) Financials

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Infinera (INFN) Financials

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