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Ciena cash flow statement

In fiscal 2025, Ciena's operations generated $806m of cash; it spent $141m on capital projects, leaving free cash flow of $665m. It returned $335m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Oct 20092010Oct 20102011Oct 20112012Oct 20122013Oct 20132014Oct 20142015Oct 20152016Oct 20162017Oct 20172018Nov 20182019Nov 20192020Oct 20202021Oct 20212022Oct 20222023Oct 20232024Nov 20242025Nov 2025LTMAug 2026
Cash from operations7−229−901074590262290235229413494542−1681685158061,055
Depreciation and amortisation22436059565656637784889496969393104130
Stock-based pay34363832384355524853606884105130156185212
Capital spending24515248444862107956863838091106137141240
Free cash flow−17−280−14359142200182140162351411462−25962378665814
Free cash flow after stock pay−51−316−18127−37−114513092109291343378−364−68221481602
Share buybacks———————001111507591501242255335422
Shares issued1213121618302320232328283031343638

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Ciena's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ciena.