Ciena (CIEN) FY2015 results: revenue $2.4 billion, up 6.9% on the year
Ciena Corp. (CIEN) reported revenue of $2.4 billion for fiscal 2015, the year ended 31 October 2015, up 6.9% on the year before. Net income was $12 million, and diluted earnings per share $0.10. The figures are the company's own, from the 10-K it filed with the SEC on 21 December 2015.
Revenue
$2.4 billion
+6.9% on the year
FY2008FY2015
Operating margin
4.1%
2.0% a year earlier
FY2008FY2015
Net income
$12 million
FY2008FY2015
Diluted EPS
$0.10
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,446
2,288
2,083
+6.9%
Cost of revenue
1,370
1,340
1,217
+2.3%
Gross profit
1,076
948
865
+13.4%
Gross margin
44.0%
41.4%
41.5%
Research and development
414
401
383
+3.2%
Operating income
100
45.7
-1.8
+119.8%
Operating margin
4.1%
2.0%
-0.1%
Interest expense
51.2
47.1
44.0
+8.6%
Pre-tax income
23.8
-26.7
-80.2
Income tax
12.1
14.0
5.2
-13.4%
Effective tax rate
50.9%
n/a
n/a
Net income
11.7
-40.6
-85.4
Net margin
0.5%
-1.8%
-4.1%
Diluted EPS
$0.10
-$0.38
-$0.83
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
262
89.8
44.7
+191.8%
Capital expenditure
62.1
48.2
43.8
+28.8%
Free cash flow
200
41.6
0.9
+380.8%
Free cash flow margin
8.2%
1.8%
0.0%
Cash from investing
-43.1
-106
-131
Cash from financing
-8.1
259
-207
Depreciation and amortisation
125
102
105
+23.5%
Share-based compensation
55.3
42.9
37.7
+28.9%
Diluted shares, weighted
120m
106m
102m
+13.5%
Shares outstanding at period end
136m
107m
104m
+26.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
621
-69.6
-82.7
Debt
1,272
1,465
1,212
-13.2%
Other liabilities
803
677
673
+18.5%
Total liabilities and equity
2,695
2,073
1,803
+30.0%
Fixed assets
192
127
120
+51.6%
Goodwill
256
0.0
n/a
Intangible assets
203
129
186
+57.5%
Investments
230
190
140
+21.0%
Cash and equivalents
791
587
346
+34.8%
Receivables
551
519
489
+6.1%
Inventory
191
255
249
-24.9%
Other assets
281
267
273
+5.3%
Total assets
2,695
2,073
1,803
+30.0%
10-K for the year ended 31 October 2015, filed 21 December 2015: the filing.