CIENA CORP (CIEN) [Rocket]

In millions, except per share items	Oct-29-22	Oct-30-21	Oct-31-20	Nov-02-19	Nov-03-18	Oct-31-17	Oct-31-16	Oct-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Networking Platforms	2,778.4	2,825.3	2,815.1	2,911.3	2,478.0	2,252.7	2,068.8	1,963.9
Converged Packet Optical					2,194.5	1,939.6	1,815.9	1,661.7
Global Services	500.5	488.5	456.7	450.9	415.6	387.9	406.7	381.5
Other	353.8	306.8	260.4	209.9
Total revenues [+]	3,632.7	3,620.7	3,532.2	3,572.1	3,094.3	2,801.7	2,600.6	2,445.7
Products								2,002.4
Services								443.3
Revenue growth [+]	0.3%	2.5%	-1.1%	15.4%	10.4%	7.7%	6.3%	6.9%
Networking Platforms	-1.7%	0.4%	-3.3%	17.5%	10.0%	8.9%	5.3%	7.5%
Converged Packet Optical					13.1%	6.8%	9.3%	14.2%
Global Services	2.5%	7.0%	1.3%	8.5%	7.1%	-4.6%	6.6%	768.0%
Packet Networking					-9.5%	23.8%	10.3%	-6.1%
Cost of goods sold [+]	2,072.3	1,898.7	1,879.3	2,030.1	1,779.6	1,555.9	1,439.0	1,370.1
Cost of product sales								1,120.4
Cost of services								249.7
Gross profit	1,560.3	1,722.0	1,652.9	1,542.1	1,314.7	1,245.8	1,161.6	1,075.6
Gross margin	43.0%	47.6%	46.8%	43.2%	42.5%	44.5%	44.7%	44.0%
Selling, general and administrative [+]	645.9	634.1	586.0	597.4	554.2	498.8	482.6	457.2
Sales and marketing	466.6	452.2	416.4	423.0	394.1	356.2	349.7	333.8
General and administrative	179.4	181.9	169.5	174.4	160.1	142.6	132.8	123.4
Research and development	624.7	536.7	529.9	548.1	491.6	475.3	451.8	414.2
Equity in earnings
Other operating expenses	31.9	21.2	19.4	18.4	10.6	33.0	61.5	69.5
EBITDA [+]	398.0	662.3	650.2	500.8	368.3	361.6	307.4	270.4
EBITDA growth	-39.9%	1.9%	29.8%	36.0%	1.9%	17.6%	13.7%	70.2%
EBITDA margin	11.0%	18.3%	18.4%	14.0%	11.9%	12.9%	11.8%	11.1%
Depreciation	95.9	96.2	93.9	87.6	84.2	77.2	63.4	55.9
EBITA	302.1	566.1	556.3	413.2	284.1	284.4	244.0	214.5
EBITA margin	8.3%	15.6%	15.7%	11.6%	9.2%	10.1%	9.4%	8.8%
Amortization of intangibles	44.3	36.0	38.6	35.1	25.8	45.7	78.3	79.9
EBIT [+]	257.8	530.1	517.7	378.0	258.3	238.7	165.7	134.6
EBIT growth	-51.4%	2.4%	36.9%	46.4%	8.2%	44.0%	23.1%	192.3%
EBIT margin	7.1%	14.6%	14.7%	10.6%	8.3%	8.5%	6.4%	5.5%
Non-recurring items [+]	35.0	34.7	30.7	31.3	28.4	23.9	9.5	34.2
Asset impairment						23.9	4.9	8.6
Restructuring charges	35.0	34.7	30.7	31.3	28.4		4.6	25.5
Interest expense	47.1	30.8	31.3	37.5	55.2	55.9	56.7	51.2
Interest expense	47.1	30.8	31.3	37.5	55.2	55.9	56.7	51.2
Other income (expense), net	6.7	-1.8	0.3	3.9	-25.9	-2.7	-12.8	-25.5
Pre-tax income	182.5	462.8	456.0	313.2	148.8	156.1	86.7	23.8
Income taxes	29.6	-37.4	94.7	59.8	493.5	-1,105.8	14.1	12.1
Tax rate	16.2%		20.8%	19.1%	331.7%		16.3%	50.9%
Net income	152.9	500.2	361.3	253.4	-344.7	1,262.0	72.6	11.7
Net margin	4.2%	13.8%	10.2%	7.1%	-11.1%	45.0%	2.8%	0.5%

Basic EPS [+]	$1.01	$3.22	$2.34	$1.63	($2.40)	$8.89	$0.52	$0.10
Growth	-68.6%	37.6%	43.9%	-167.9%	-127.0%	1593.5%	432.6%	-125.6%
Diluted EPS [+]	$1.00	$3.19	$2.32	$1.61	($2.40)	$7.43	$0.48	$0.10
Growth	-68.5%	37.8%	44.1%	-167.1%	-132.3%	1442.0%	395.8%	-125.3%

Shares outstanding (basic) [+]	151.2	155.3	154.3	155.7	143.7	142.0	138.3	118.4
Growth	-2.6%	0.6%	-0.9%	8.3%	1.2%	2.7%	16.8%	11.9%
Shares outstanding (diluted) [+]	152.2	156.7	156.0	157.6	143.7	169.9	150.7	120.1
Growth	-2.9%	0.5%	-1.1%	9.7%	-15.4%	12.8%	25.5%	13.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.