Ciena (CIEN) FY2012 results: revenue $1.8 billion, up 5.3% on the year
Ciena Corp. (CIEN) reported revenue of $1.8 billion for fiscal 2012, the year ended 31 October 2012, up 5.3% on the year before. Net income was -$144 million, and diluted earnings per share $-1.45. The figures are the company's own, from the 10-K it filed with the SEC on 21 December 2012.
Revenue
$1.8 billion
+5.3% on the year
FY2008FY2012
Operating margin
-4.4%
-9.4% a year earlier
FY2008FY2012
Net income
-$144 million
FY2008FY2012
Diluted EPS
-$1.45
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,834
1,742
1,237
+5.3%
Cost of revenue
1,110
1,033
739
+7.4%
Gross profit
724
709
498
+2.1%
Gross margin
39.5%
40.7%
40.2%
Research and development
364
380
328
-4.1%
Operating income
-79.8
-163
-322
Operating margin
-4.4%
-9.4%
-26.0%
Interest expense
39.7
37.9
18.6
+4.6%
Pre-tax income
-135
-188
-332
Income tax
9.3
7.7
1.9
+21.5%
Net income
-144
-196
-334
Net margin
-7.9%
-11.2%
-27.0%
Diluted EPS
-$1.45
-$2.04
-$3.58
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
107
-90.5
-229
Capital expenditure
48.1
52.4
51.2
-8.2%
Free cash flow
59.0
-143
-280
Free cash flow margin
3.2%
-8.2%
-22.7%
Cash from investing
-12.0
-68.6
-199
Cash from financing
7.9
13.2
630
-39.9%
Depreciation and amortisation
111
130
142
-14.7%
Share-based compensation
32.4
37.9
35.6
-14.6%
Diluted shares, weighted
99m
96m
93m
+3.6%
Shares outstanding at period end
101m
97m
94m
+3.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
-89.0
13.9
159
Debt
1,442
1,442
1,443
-0.0%
Other liabilities
528
495
516
+6.6%
Total liabilities and equity
1,881
1,951
2,118
-3.6%
Fixed assets
124
123
120
+0.8%
Goodwill
n/a
0.0
0.0
Intangible assets
257
332
426
-22.5%
Investments
50.1
50.3
0.0
-0.4%
Cash and equivalents
642
542
689
+18.6%
Receivables
345
418
344
-17.2%
Inventory
260
230
262
+13.0%
Other assets
202
257
277
-21.4%
Total assets
1,881
1,951
2,118
-3.6%
10-K for the year ended 31 October 2012, filed 21 December 2012: the filing.