Infinera Corp
NASDAQ:INFN
Income Statement
Earnings Waterfall
Infinera Corp
Revenue
|
1.6B
USD
|
Cost of Revenue
|
-1B
USD
|
Gross Profit
|
628.6m
USD
|
Operating Expenses
|
-616.2m
USD
|
Operating Income
|
12.5m
USD
|
Other Expenses
|
-17.1m
USD
|
Net Income
|
-4.6m
USD
|
Income Statement
Infinera Corp
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Apr-2017 | Jul-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Apr-2023 | Jul-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
533
N/A
|
544
+2%
|
562
+3%
|
589
+5%
|
621
+5%
|
668
+8%
|
712
+7%
|
754
+6%
|
813
+8%
|
887
+9%
|
945
+7%
|
996
+5%
|
949
-5%
|
870
-8%
|
801
-8%
|
719
-10%
|
726
+1%
|
741
+2%
|
768
+4%
|
799
+4%
|
807
+1%
|
943
+17%
|
1 033
+10%
|
1 122
+9%
|
1 246
+11%
|
1 299
+4%
|
1 337
+3%
|
1 372
+3%
|
1 387
+1%
|
1 356
-2%
|
1 356
+0%
|
1 363
+0%
|
1 378
+1%
|
1 425
+3%
|
1 433
+1%
|
1 453
+1%
|
1 488
+2%
|
1 573
+6%
|
1 626
+3%
|
1 645
+1%
|
1 647
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(327)
|
(326)
|
(328)
|
(336)
|
(361)
|
(380)
|
(394)
|
(410)
|
(441)
|
(483)
|
(513)
|
(538)
|
(509)
|
(476)
|
(460)
|
(436)
|
(460)
|
(478)
|
(487)
|
(499)
|
(504)
|
(620)
|
(702)
|
(800)
|
(899)
|
(915)
|
(963)
|
(972)
|
(974)
|
(941)
|
(903)
|
(889)
|
(895)
|
(926)
|
(939)
|
(970)
|
(990)
|
(1 037)
|
(1 055)
|
(1 040)
|
(1 018)
|
|
Gross Profit |
206
N/A
|
219
+6%
|
234
+7%
|
253
+8%
|
260
+3%
|
288
+11%
|
318
+10%
|
345
+8%
|
372
+8%
|
404
+8%
|
432
+7%
|
459
+6%
|
440
-4%
|
394
-11%
|
341
-13%
|
283
-17%
|
266
-6%
|
263
-1%
|
281
+7%
|
301
+7%
|
303
+1%
|
324
+7%
|
332
+2%
|
321
-3%
|
347
+8%
|
384
+11%
|
374
-3%
|
400
+7%
|
413
+3%
|
415
+0%
|
453
+9%
|
473
+5%
|
483
+2%
|
500
+3%
|
494
-1%
|
483
-2%
|
498
+3%
|
536
+8%
|
571
+7%
|
605
+6%
|
629
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(239)
|
(243)
|
(245)
|
(247)
|
(253)
|
(261)
|
(274)
|
(292)
|
(313)
|
(344)
|
(372)
|
(399)
|
(406)
|
(420)
|
(420)
|
(417)
|
(424)
|
(411)
|
(416)
|
(415)
|
(408)
|
(479)
|
(541)
|
(591)
|
(638)
|
(593)
|
(578)
|
(558)
|
(543)
|
(526)
|
(524)
|
(535)
|
(550)
|
(572)
|
(575)
|
(579)
|
(579)
|
(586)
|
(601)
|
(608)
|
(616)
|
|
Selling, General & Administrative |
(118)
|
(118)
|
(120)
|
(122)
|
(126)
|
(128)
|
(131)
|
(137)
|
(148)
|
(163)
|
(177)
|
(188)
|
(189)
|
(187)
|
(187)
|
(187)
|
(188)
|
(187)
|
(188)
|
(188)
|
(187)
|
(205)
|
(275)
|
(300)
|
(319)
|
(278)
|
(271)
|
(260)
|
(253)
|
(242)
|
(235)
|
(239)
|
(243)
|
(254)
|
(259)
|
(258)
|
(260)
|
(265)
|
(267)
|
(268)
|
(275)
|
|
Research & Development |
(121)
|
(125)
|
(124)
|
(124)
|
(127)
|
(134)
|
(143)
|
(155)
|
(166)
|
(181)
|
(196)
|
(212)
|
(217)
|
(232)
|
(233)
|
(231)
|
(237)
|
(224)
|
(228)
|
(227)
|
(221)
|
(244)
|
(259)
|
(277)
|
(298)
|
(288)
|
(282)
|
(276)
|
(270)
|
(266)
|
(271)
|
(278)
|
(289)
|
(300)
|
(300)
|
(304)
|
(304)
|
(306)
|
(320)
|
(326)
|
(327)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(29)
|
(7)
|
(14)
|
(21)
|
(27)
|
(25)
|
(23)
|
(21)
|
(19)
|
(18)
|
(18)
|
(18)
|
(18)
|
(17)
|
(16)
|
(15)
|
(15)
|
(15)
|
(14)
|
(14)
|
|
Operating Income |
(33)
N/A
|
(24)
+26%
|
(10)
+57%
|
6
N/A
|
7
+17%
|
27
+269%
|
44
+60%
|
52
+19%
|
59
+13%
|
60
+1%
|
60
0%
|
59
-1%
|
34
-43%
|
(26)
N/A
|
(79)
-204%
|
(135)
-72%
|
(158)
-17%
|
(148)
+7%
|
(135)
+9%
|
(114)
+15%
|
(105)
+8%
|
(155)
-48%
|
(210)
-35%
|
(270)
-29%
|
(290)
-8%
|
(209)
+28%
|
(205)
+2%
|
(158)
+23%
|
(131)
+18%
|
(111)
+15%
|
(71)
+36%
|
(61)
+14%
|
(67)
-9%
|
(72)
-8%
|
(81)
-13%
|
(96)
-18%
|
(81)
+15%
|
(50)
+39%
|
(30)
+41%
|
(4)
+87%
|
12
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(3)
|
(5)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(10)
|
(9)
|
(22)
|
(21)
|
(28)
|
(34)
|
(33)
|
(33)
|
(38)
|
(43)
|
(47)
|
(50)
|
(49)
|
(49)
|
(49)
|
(42)
|
(37)
|
(31)
|
(25)
|
(26)
|
(26)
|
(27)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(35)
|
(35)
|
(37)
|
(41)
|
(36)
|
(68)
|
(95)
|
(114)
|
(142)
|
(111)
|
(93)
|
(79)
|
(44)
|
(30)
|
(19)
|
(17)
|
(15)
|
(19)
|
(21)
|
1
|
5
|
12
|
12
|
(3)
|
|
Total Other Income |
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
5
|
2
|
2
|
2
|
(4)
|
(1)
|
7
|
7
|
8
|
8
|
(2)
|
(1)
|
(1)
|
(2)
|
(3)
|
(10)
|
(7)
|
(12)
|
(0)
|
(13)
|
(18)
|
(7)
|
1
|
1
|
6
|
(4)
|
(23)
|
(4)
|
(11)
|
(13)
|
14
|
19
|
30
|
30
|
|
Pre-Tax Income |
(36)
N/A
|
(31)
+15%
|
(20)
+36%
|
(5)
+76%
|
(4)
+27%
|
16
N/A
|
34
+104%
|
47
+40%
|
50
+7%
|
52
+3%
|
51
-2%
|
45
-12%
|
23
-49%
|
(29)
N/A
|
(82)
-180%
|
(138)
-69%
|
(161)
-17%
|
(196)
-21%
|
(182)
+7%
|
(161)
+12%
|
(157)
+3%
|
(215)
-37%
|
(310)
-44%
|
(400)
-29%
|
(450)
-13%
|
(384)
+15%
|
(361)
+6%
|
(307)
+15%
|
(259)
+16%
|
(201)
+22%
|
(150)
+25%
|
(123)
+18%
|
(137)
-11%
|
(159)
-16%
|
(147)
+8%
|
(165)
-12%
|
(124)
+25%
|
(56)
+55%
|
(25)
+55%
|
12
N/A
|
12
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(3)
|
(3)
|
(4)
|
(3)
|
(1)
|
(1)
|
(1)
|
1
|
5
|
5
|
7
|
5
|
1
|
2
|
2
|
2
|
1
|
(0)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(11)
|
(12)
|
(17)
|
(20)
|
(19)
|
(21)
|
(18)
|
(19)
|
(17)
|
|
Income from Continuing Operations |
(38)
|
(32)
|
(21)
|
(7)
|
(5)
|
14
|
30
|
44
|
47
|
51
|
50
|
44
|
24
|
(24)
|
(77)
|
(131)
|
(157)
|
(195)
|
(180)
|
(159)
|
(155)
|
(214)
|
(310)
|
(401)
|
(454)
|
(387)
|
(364)
|
(312)
|
(263)
|
(207)
|
(156)
|
(130)
|
(148)
|
(171)
|
(164)
|
(185)
|
(143)
|
(76)
|
(43)
|
(7)
|
(5)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(38)
N/A
|
(32)
+16%
|
(21)
+34%
|
(7)
+69%
|
(5)
+23%
|
14
N/A
|
30
+122%
|
44
+43%
|
47
+9%
|
51
+9%
|
51
-1%
|
45
-13%
|
25
-44%
|
(24)
N/A
|
(77)
-220%
|
(131)
-71%
|
(157)
-20%
|
(195)
-24%
|
(180)
+7%
|
(159)
+12%
|
(155)
+3%
|
(214)
-38%
|
(310)
-44%
|
(401)
-30%
|
(454)
-13%
|
(387)
+15%
|
(364)
+6%
|
(312)
+14%
|
(263)
+16%
|
(207)
+22%
|
(156)
+25%
|
(130)
+17%
|
(148)
-14%
|
(171)
-16%
|
(164)
+4%
|
(185)
-12%
|
(143)
+23%
|
(76)
+47%
|
(43)
+44%
|
(7)
+83%
|
(5)
+35%
|
|
EPS (Diluted) |
-0.3
N/A
|
-0.27
+10%
|
-0.19
+30%
|
-0.06
+68%
|
-0.05
+17%
|
0.11
N/A
|
0.23
+109%
|
0.32
+39%
|
0.34
+6%
|
0.36
+6%
|
0.35
-3%
|
0.3
-14%
|
0.16
-47%
|
-0.17
N/A
|
-0.53
-212%
|
-0.9
-70%
|
-1.07
-19%
|
-1.32
-23%
|
-1.21
+8%
|
-1.06
+12%
|
-1.02
+4%
|
-1.36
-33%
|
-1.75
-29%
|
-2.24
-28%
|
-2.52
-13%
|
-2.16
+14%
|
-2
+7%
|
-1.68
+16%
|
-1.38
+18%
|
-1.1
+20%
|
-0.76
+31%
|
-0.62
+18%
|
-0.72
-16%
|
-0.82
-14%
|
-0.79
+4%
|
-0.85
-8%
|
-0.67
+21%
|
-0.35
+48%
|
-0.2
+43%
|
-0.03
+85%
|
-0.02
+33%
|