Ciena Corporation (CIEN) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 259.7M | 227.65M | 371.08M | 174.35M | 156.95M | 103.72M | 349.36M | -159.38M | 58.32M | 263.67M | 195.47M | 8.69M | 229.81M | -265.64M | -14.51M | -205.39M | 106.55M | -54.41M | 254.89M | 69.1M |
| Operating CF Margin % | 16.53% | 15.95% | 27.45% | 14.3% | 13.94% | 9.67% | 31.08% | -16.91% | 6.19% | 25.41% | 17.31% | 0.81% | 20.29% | -25.14% | -1.49% | -23.66% | 11.23% | -6.44% | 24.47% | 6.99% |
| Operating CF Growth % | 65.47% | 119.47% | 6.22% | 209.39% | 169.11% | -60.66% | 78.73% | -1934.45% | -74.62% | 199.26% | 1447.43% | 104.23% | 115.68% | -388.21% | -105.69% | -397.25% | -52.64% | -643.42% | 36.09% | -60.61% |
| Net Income | 218.22M | 150.28M | 19.49M | 50.31M | 8.97M | 44.57M | 37.03M | 14.23M | -16.85M | 49.55M | 91.2M | 29.73M | 57.65M | 76.24M | 57.65M | 10.51M | 38.92M | 45.82M | 103.5M | 238.23M |
| Depreciation & Amortization | 67.02M | 43.83M | 37.36M | 35.65M | 33.87M | 33.46M | 33.8M | 32.93M | 33.92M | 32.82M | 36.69M | 35.98M | 36.97M | 32.53M | 35.4M | 34.31M | 34.61M | 35.88M | 33.01M | 33.45M |
| Stock-Based Compensation | 55.47M | 49.83M | -135.7M | 46.93M | 47.96M | 40.81M | 40.97M | 37.36M | 40.25M | 37.83M | 35.05M | 33.03M | 31.86M | 30.51M | 27.3M | 26.86M | 26.67M | 24.3M | 21.37M | 22.47M |
| Deferred Taxes | -3.52M | -7.04M | -1.46M | -11.24M | 6.62M | -17.09M | -56.9M | -10.96M | -4.58M | -4.37M | 49.15M | -61.87M | 5.11M | -7.25M | -7.68M | -6.35M | -12.71M | -766K | -16.93M | -129.94M |
| Other Non-Cash Items | -67.49M | 28.47M | 297.11M | 20.86M | 17.83M | 9.96M | 52.68M | 18.79M | 22.9M | 17.84M | 27.52M | 13.81M | 16.54M | -5.4M | 9.61M | 14.13M | 11.88M | -2M | 16.93M | 8.27M |
| Working Capital Changes | -10M | -37.72M | 154.28M | 31.84M | 41.7M | -7.99M | 241.79M | -251.72M | -17.31M | 130M | -44.14M | -42M | 81.67M | -392.28M | -136.79M | -284.85M | 7.17M | -157.65M | 97.01M | -103.39M |
| Change in Receivables | -80.96M | 9.41M | 18.14M | -96.03M | 12.6M | -33.45M | -12.11M | -62.69M | 19.95M | 135.16M | -14.17M | 36.52M | 16.15M | -133.07M | -121.55M | -29.98M | 17.23M | 87.22M | -11.23M | -162.97M |
| Change in Inventory | 16.54M | -41.23M | 19.89M | 3.41M | -41.06M | -35.84M | 74.8M | 72.87M | -50.81M | 56.16M | 129.85M | -100.2M | 72.92M | -235.06M | -124.45M | -293.61M | -83.88M | -87.18M | -8.75M | 28.11M |
| Change in Payables | -14.86M | -130.91M | 143.13M | 100.11M | 32.82M | -49.58M | 176.61M | -56.29M | 34.85M | -90.92M | -4.59M | -78.13M | 1.23M | -56.98M | 137.91M | 51.37M | 64.02M | -152.98M | 130.75M | 61.5M |
| Cash from Investing | -152.89M | -43.89M | -213.77M | 19.71M | 19.64M | -67.09M | -148.93M | -18.84M | -156.84M | 18.13M | -98.12M | -8.07M | -101.03M | -176.24M | 185.59M | 196.3M | -102.17M | -380.96M | -24.6M | -17.94M |
| Capital Expenditures | -41.05M | -73.89M | -140.8M | 55.62M | -28.74M | -26.88M | -83.54M | -19.6M | -16.9M | -16.6M | -22.77M | -25.39M | -28M | -30.03M | -23.91M | -21.66M | -19.45M | -25.8M | -12.26M | -15.64M |
| CapEx % of Revenue | 2.61% | 5.18% | 10.41% | 4.56% | 2.55% | 2.51% | 7.43% | 2.08% | 1.79% | 1.6% | 2.02% | 2.38% | 2.47% | 2.84% | 2.46% | 2.5% | 2.05% | 3.06% | 1.18% | 1.58% |
| Acquisitions | 0 | 0 | -231.1M | 0 | 0 | 0 | 21.68M | -5.43M | -16.26M | 0 | -288K | -2.92M | 0 | -230.05M | 0 | 0 | -6.01M | -56.04M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -31K | 1.04M | 93.99M | -98.01M | 0 | 0 | 0 | 0 | 0 | 2.27M | 288K | 2.92M | 0 | 0 | 0 | 742K | 0 | 0 | 0 | 0 |
| Cash from Financing | -345.21M | -154.54M | -119.77M | -84.9M | -107.79M | -93.46M | -148.68M | -28.55M | -72.97M | -32.32M | -197.17M | -53.03M | -12.62M | 492.19M | -23.03M | -147.17M | -97.58M | 134.72M | -36.65M | -22.35M |
| Debt Issued (Net) | -5.79M | -1.16M | -5.18M | -2.88M | -3.98M | -3.92M | -6.88M | -3.94M | -2.92M | -981K | -3.11M | -3.95M | -2.68M | 494.86M | -2.65M | -920K | -4.33M | 399.23M | -2.49M | -2.51M |
| Equity Issued (Net) | -160M | -63.29M | -42.2M | -63.1M | -103.8M | -89.53M | -141.8M | -24.61M | -69.03M | -21.26M | -193.18M | -48.89M | -8.7M | 1.33M | -20.06M | -146.24M | -92.61M | -260M | -34.32M | -19.84M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -160M | -80.51M | -42.21M | -81.84M | -103.8M | -106.67M | -141.8M | -42.02M | -68.97M | -38.2M | -193.18M | -65.51M | -9.04M | -12.98M | -20.18M | -161.27M | -92.65M | -275.15M | -34.32M | -34.65M |
| Other Financing | -179.42M | -90.1M | -72.39M | -18.92M | -2K | -10K | 0 | 0 | -1.01M | -10.08M | -876K | -192K | -1.23M | -4M | -325K | -14K | -639K | -4.51M | 168K | 0 |
| Net Change in Cash | -241.75M | 31.46M | 35.73M | 106.28M | 75.03M | -60.11M | 51.5M | -207.93M | -173.46M | 254.13M | -107.16M | -49.77M | 113.15M | 60.2M | 134.66M | -160.18M | -98.75M | -303.91M | 192.1M | 27.45M |
| Free Cash Flow | 218.65M | 153.76M | 230.28M | 229.97M | 128.21M | 76.84M | 265.82M | -178.97M | 41.42M | 247.07M | 172.7M | -16.7M | 201.81M | -295.67M | -38.42M | -227.05M | 87.11M | -80.22M | 242.63M | 53.46M |
| FCF Margin % | 13.92% | 10.77% | 17.03% | 18.86% | 11.39% | 7.17% | 23.65% | -18.99% | 4.4% | 23.81% | 15.29% | -1.56% | 17.82% | -27.99% | -3.96% | -26.16% | 9.18% | -9.5% | 23.3% | 5.41% |
| FCF Growth % | 70.55% | 100.11% | -13.37% | 228.49% | 209.53% | -68.9% | 53.92% | -971.71% | -79.48% | 183.56% | 549.53% | 92.64% | 131.68% | -268.6% | -115.83% | -524.72% | -55.14% | -184.58% | 46.2% | -66.5% |
| FCF per Share | 1.49 | 1.05 | 1.58 | 1.59 | 0.88 | 0.53 | 1.82 | -1.23 | 0.29 | 1.69 | 1.17 | -0.11 | 1.34 | -1.98 | -0.26 | -1.51 | 0.57 | -0.51 | 1.55 | 0.34 |
| FCF Conversion (FCF/Net Income) | 1.19x | 1.51x | 19.04x | 3.47x | 17.50x | 2.33x | 9.44x | -11.20x | 4.10x | 5.32x | 2.14x | 0.29x | 3.99x | -3.48x | -0.25x | -19.54x | 2.74x | -1.19x | 2.46x | 0.29x |
| Interest Paid | 24.1M | 16.88M | -68.24M | 25.04M | 17.64M | 25.56M | 92.52M | 19.22M | 0 | 0 | 27.76M | 19.2M | 26.98M | 10.54M | 17.99M | 8.01M | 9.14M | 7.67M | 7.47M | 7.44M |
| Taxes Paid | 38.11M | 10.72M | -84.9M | 29.43M | 45.04M | 10.43M | 13.22M | 12.54M | 20.93M | 8.26M | 10.18M | 43.84M | 15.84M | 8.38M | 6.37M | 10.69M | 11.79M | 6.11M | 26.96M | 18.5M |