CIENA CORP
For the period ended Nov 1, 2025. Filed Dec 12, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Dec 12, 2025
CIEN$272.10+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended | |||
|---|---|---|---|
| November 1, 2025 | November 2, 2024 | October 28, 2023 | |
| Cash flows provided by operating activities: | |||
| Net income | $123,338 | $83,956 | $254,827 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Loss on extinguishment of debt | — | — | 1,864 |
| Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements | 104,133 | 92,846 | 92,564 |
| Abandonment of acquired in-process research and development | 89,100 | — | — |
| Share-based compensation costs | 184,525 | 156,404 | 130,455 |
| Amortization of intangible assets | 36,205 | 40,624 | 49,616 |
| Deferred taxes | (23,173) | (76,810) | (14,852) |
| Provision for inventory excess and obsolescence | 48,424 | 77,341 | 29,464 |
| Provision for warranty | 24,442 | 25,643 | 31,742 |
| Gain on equity investments, net | — | — | (26,368) |
| Other | (736) | 11,768 | 15,771 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (98,743) | 80,313 | (94,565) |
| Inventories | (53,602) | 153,021 | (132,497) |
| Prepaid expenses and other | 86,204 | (198,910) | (51,965) |
| Operating lease right-of-use assets | 11,613 | 11,837 | 14,190 |
| Accounts payable, accruals and other obligations | 226,486 | 64,255 | (138,469) |
| Deferred revenue | 63,760 | 9,884 | 27,412 |
| Short and long-term operating lease liabilities | (15,883) | (17,640) | (20,857) |
| Net cash provided by operating activities | 806,093 | 514,532 | 168,332 |
| Cash flows used in investing activities: | |||
| Payments for equipment, furniture, fixtures and intellectual property | (140,801) | (136,641) | (106,197) |
| Purchases of investments | (214,162) | (287,536) | (252,329) |
| Proceeds from sales and maturities of investments | 348,579 | 140,836 | 208,104 |
| Purchase of equity investment | — | (21,682) | — |
| Settlement of foreign currency forward contracts, net | (4,015) | (1,454) | (2,984) |
| Acquisition of businesses, net of cash acquired | (231,100) | — | (230,048) |
| Net cash used in investing activities | (241,499) | (306,477) | (383,454) |
| Cash flows provided by (used in) financing activities: | |||
| Proceeds from issuance of term loan, net | — | — | 497,500 |
| Payment of long-term debt | (11,580) | (11,700) | (9,430) |
| Proceeds from modification of debt, net | 19,175 | — | 830 |
| Cash paid for extinguishment of debt | (19,175) | — | — |
| Payment of debt issuance costs | (12) | (2,554) | (6,379) |
| Payment of finance lease obligations | (4,380) | (4,029) | (3,791) |
| Shares repurchased for tax withholdings on vesting of stock unit awards | (91,315) | (46,567) | (38,506) |
| Repurchases of common stock - repurchase program, net | (334,507) | (254,502) | (242,201) |
| Proceeds from issuance of common stock | 35,876 | 34,291 | 31,357 |
| Net cash provided by (used in) financing activities | (405,918) | (285,061) | 229,380 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1,505) | 1,246 | 2,150 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 157,171 | (75,760) | 16,408 |
| Cash, cash equivalents and restricted cash at beginning of fiscal year | 935,026 | 1,010,786 | 994,378 |
| Cash, cash equivalents and restricted cash at end of fiscal year | $1,092,197 | $935,026 | $1,010,786 |
| Supplemental disclosure of cash flow information | |||
| Cash paid during the fiscal year for interest, net | $85,217 | $92,515 | $84,465 |
| Cash paid during the fiscal year for income taxes, net | $113,608 | $54,956 | $78,242 |
| Operating lease payments | $17,840 | $19,452 | $22,782 |
| Non-cash investing and financing activities | |||
| Purchase of equipment in accounts payable | $17,449 | $14,682 | $6,990 |
| Repurchase of common stock in accrued liabilities from repurchase program, net | $2,579 | $6,172 | $9,310 |
| Operating lease right-of-use assets subject to lease liability | $23,586 | $6,912 | $10,236 |
| Gain on equity investment, net | $— | $— | $26,368 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.