Cash flow Ciena Corporation

Equities

CIEN

US1717793095

Communications & Networking

Market Closed - Nyse Other stock markets 04:00:02 2026-03-13 pm EDT			5-day change	1st Jan Change
337.38 ^USD	+0.16%		+14.69%	+44.26%

Mar. 12	TD Cowen Initiates Ciena at Buy	MT
Mar. 11	Quantum Computing Inc. and Ciena Announces Joint Demonstration of Next-Generation Quantum Secure Communications At OFC 2026	CI

7a01a3daa.yPJXBzPvyoxmMWTK2CkPFfPFy0mbfhqVZ1X0XETsAvM.nKIQS365-80ASDunj2dDI7T0qTnVK2LRF2yuCw2VUonwtSFAAYX73zxEFw

Published financial data: CIENA CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: November	2021	2022	2023	2024	2025
Revenues	3.62B	3.63B	4.39B	4.01B	4.77B
Total Revenues	3.62B	3.63B	4.39B	4.01B	4.77B
Cost of Goods Sold, Total	1.91B	2.07B	2.51B	2.3B	2.76B
Gross Profit	1.72B	1.56B	1.88B	1.72B	2B
Selling General & Admin Expenses, Total	639M	646M	706M	731M	820M
Provision for Bad Debts	-	-	-	-	-
R&D Expenses	566M	625M	751M	767M	848M
Amortization of Goodwill and Intangible Assets - (IS)	23.73M	32.51M	37.35M	29.57M	25.76M
Other Operating Expenses, Total	1.23B	1.3B	1.49B	1.53B	1.69B
Operating Income	486M	257M	385M	191M	311M
Interest Expense, Total	-30.84M	-47.05M	-88.03M	-97.03M	-89.4M
Interest And Investment Income	2.05M	10.06M	45.01M	62.12M	55.02M
Net Interest Expenses	-28.79M	-36.99M	-43.02M	-34.91M	-34.38M
Currency Exchange Gains (Loss)	-3.45M	-1.52M	-4.32M	-10.28M	-3.77M
Other Non Operating Income (Expenses)	-369K	-5.92M	-5.05M	-1.58M	-2.36M
EBT, Excl. Unusual Items	454M	213M	332M	144M	270M
Restructuring Charges	-29.56M	-33.82M	-23.83M	-24.59M	-23.01M
Merger & Related Restructuring Charges	-2.57M	-598K	-3.47M	-	-1.15M
Gain (Loss) On Sale Of Investments	-	4.12M	26.37M	-	-
In Process R&D Expenses	-	-	-	-	-89.1M
Other Unusual Items	41.28M	-	-7.87M	-	-729K
EBT, Incl. Unusual Items	463M	183M	324M	120M	156M
Income Tax Expense	-37.44M	29.6M	68.83M	35.89M	32.95M
Earnings From Continuing Operations	500M	153M	255M	83.96M	123M
Net Income to Company	500M	153M	255M	83.96M	123M
Net Income - (IS)	500M	153M	255M	83.96M	123M
Net Income to Common Incl Extra Items	500M	153M	255M	83.96M	123M
Net Income to Common Excl. Extra Items	500M	153M	255M	83.96M	123M
Per Share Items
Net EPS - Basic	3.22	1.01	1.71	0.58	0.87
Basic EPS - Continuing Operations	3.22	1.01	1.71	0.58	0.87
Basic Weighted Average Shares Outstanding	155M	151M	149M	145M	142M
Net EPS - Diluted	3.19	1	1.71	0.58	0.85
Diluted EPS - Continuing Operations	3.19	1	1.71	0.58	0.85
Diluted Weighted Average Shares Outstanding	157M	152M	149M	146M	145M
Normalized Basic EPS	1.83	0.88	1.39	0.62	1.19
Normalized Diluted EPS	1.81	0.87	1.39	0.62	1.16
Supplemental Items
EBITDA	618M	397M	527M	325M	451M
EBITA	522M	302M	434M	232M	347M
EBIT	486M	257M	385M	191M	311M
EBITDAR	642M	422M	547M	342M	468M
Total Revenues (As Reported)	3.62B	3.63B	4.39B	4.01B	4.77B
Effective Tax Rate - (Ratio)	-8.09	16.22	21.27	29.95	21.08
Current Domestic Taxes	94M	37.77M	55.4M	84.31M	19.09M
Current Foreign Taxes	25.02M	19.34M	28.28M	28.39M	37.03M
Total Current Taxes	119M	57.1M	83.68M	113M	56.12M
Deferred Domestic Taxes	-33.49M	-29.51M	-25.36M	-57.17M	-22.72M
Deferred Foreign Taxes	-123M	2.01M	10.51M	-19.64M	-458K
Total Deferred Taxes	-156M	-27.5M	-14.85M	-76.81M	-23.17M
Normalized Net Income	284M	133M	208M	90.28M	169M
Interest on Long-Term Debt	5.48M	6.1M	6.37M	5.67M	5.36M
Supplemental Operating Expense Items
Selling and Marketing Expenses	455M	467M	491M	511M	581M
General and Administrative Expenses	184M	179M	215M	221M	239M
Research And Development Expense From Footnotes	545M	625M	751M	767M	937M
Net Rental Expense, Total	23.44M	24.78M	20.41M	17.11M	17.03M
Imputed Operating Lease Interest Expense	6.9M	9.3M	10.11M	8.08M	7.47M
Imputed Operating Lease Depreciation	16.54M	15.48M	10.3M	9.04M	9.56M
Stock-Based Comp., COGS (Total)	8.59M	11.4M	14.99M	19.22M	22.96M
Stock-Based Comp., R&D Exp. (Total)	21.86M	31.88M	42.33M	54.13M	64.28M
Stock-Based Comp., S&M Exp. (Total)	25.15M	31.28M	35.14M	42.95M	52.07M
Stock-Based Comp., G&A Exp. (Total)	28.8M	30.44M	37.59M	40.05M	45.42M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	84.41M	105M	130M	156M	185M

Fiscal Period: November	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.42B	994M	1.01B	935M	1.09B
Short Term Investments	181M	154M	105M	316M	216M
Total Cash And Short Term Investments	1.6B	1.15B	1.12B	1.25B	1.31B
Accounts Receivable, Total	986M	1.08B	1.15B	1.04B	1.13B
Other Receivables	18.41M	24.03M	33.41M	45.94M	63.05M
Total Receivables	1B	1.1B	1.19B	1.08B	1.2B
Inventory	374M	947M	1.05B	820M	826M
Prepaid Expenses	62.19M	55.44M	58.95M	50.6M	54.84M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	144M	135M	163M	340M	180M
Total Current Assets	3.19B	3.39B	3.58B	3.54B	3.57B
Gross Property Plant And Equipment	820M	814M	854M	961M	1.09B
Accumulated Depreciation	-491M	-501M	-539M	-596M	-664M
Net Property Plant And Equipment	329M	313M	315M	365M	425M
Long-term Investments	78.62M	68.39M	159M	114M	78.88M
Goodwill	312M	328M	445M	445M	521M
Other Intangibles, Total	65.31M	69.52M	214M	171M	227M
Accounts Receivable Long-Term	-	-	-	-	28.61M
Deferred Tax Assets Long-Term	800M	824M	809M	886M	885M
Deferred Charges Long-Term	19.96M	19.68M	8.84M	9.84M	9.13M
Other Long-Term Assets, Total	71.35M	60.93M	74.03M	106M	124M
Total Assets	4.87B	5.07B	5.6B	5.64B	5.86B
Liabilities
Accounts Payable, Total	356M	516M	318M	423M	543M
Accrued Expenses, Total	233M	158M	194M	186M	321M
Current Portion of Long-Term Debt	6.93M	6.93M	11.7M	11.7M	11.58M
Current Portion of Leases	22.25M	22.68M	20.61M	18.85M	18.7M
Current Income Taxes Payable	13.58M	11.47M	16.34M	35.11M	10.73M
Unearned Revenue Current, Total	118M	138M	154M	156M	209M
Other Current Liabilities	159M	188M	218M	168M	194M
Total Current Liabilities	909M	1.04B	932M	1B	1.31B
Long-Term Debt	686M	1.06B	1.54B	1.53B	1.53B
Long-Term Leases	104M	95.57M	81.45M	68.63M	71.12M
Unearned Revenue Non Current	57.46M	62.34M	74.04M	81.24M	94.85M
Other Non Current Liabilities	88.29M	97.16M	122M	142M	135M
Total Liabilities	1.85B	2.36B	2.75B	2.83B	3.14B
Common Stock, Total	1.55M	1.48M	1.45M	1.43M	1.41M
Additional Paid In Capital	6.8B	6.39B	6.26B	6.15B	5.95B
Retained Earnings	-3.79B	-3.63B	-3.38B	-3.29B	-3.17B
Comprehensive Income and Other	439K	-46.64M	-37.77M	-46.71M	-55.04M
Total Common Equity	3.02B	2.71B	2.85B	2.82B	2.73B
Total Equity	3.02B	2.71B	2.85B	2.82B	2.73B
Total Liabilities And Equity	4.87B	5.07B	5.6B	5.64B	5.86B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	155M	148M	145M	142M	141M
ECS Total Common Shares Outstanding	155M	148M	145M	143M	141M
Book Value / Share	19.5	18.28	19.67	19.74	19.35
Tangible Book Value	2.64B	2.32B	2.19B	2.2B	1.98B
Tangible Book Value Per Share	17.07	15.6	15.12	15.43	14.05
Total Debt	820M	1.19B	1.66B	1.63B	1.63B
Net Debt	-854M	2.58M	408M	300M	262M
Debt Equivalent Oper. Leases	188M	198M	163M	137M	136M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	175M	665M	665M	543M	594M
Inventories - Work In Process, Total	10.26M	18.23M	55.24M	32.22M	35.05M
Inventories - Finished Goods, Total	181M	259M	314M	325M	286M
Inventories - Others	44.76M	41.08M	66.63M	27.9M	40.76M
Machinery, Total	600M	619M	676M	789M	892M
Full Time Employees	7.17K	7.92K	8.31K	8.57K	8.9K
Part Time Employees	72	162	170	87	182
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	10.91M	10.6M	11.65M	9.88M	11.21M
Order Backlog	2.17B	4.2B	2.6B	2.1B	5B

Fiscal Period: November	2021	2022	2023	2024	2025
Net Income	500M	153M	255M	83.96M	123M
Depreciation & Amortization - CF	96.23M	95.92M	92.56M	92.85M	104M
Amortization of Goodwill and Intangible Assets - (CF)	36.03M	44.28M	49.62M	40.62M	36.2M
Depreciation & Amortization, Total	132M	140M	142M	133M	140M
(Gain) Loss on Sale of Investments - (CF)	-	-	-26.37M	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	89.1M
Stock-Based Compensation (CF)	84.34M	105M	130M	156M	185M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-107M	6.12M	63.99M	37.94M	48.96M
Change In Accounts Receivable	-174M	-47.07M	-94.56M	80.31M	-98.74M
Change In Inventories	-47.57M	-589M	-132M	153M	-53.6M
Change In Accounts Payable	162M	100M	-138M	64.26M	226M
Change in Unearned Revenues	16.82M	26.38M	27.41M	9.88M	63.76M
Change in Other Net Operating Assets	-25.16M	-62.64M	-58.63M	-205M	81.93M
Cash from Operations	542M	-168M	168M	515M	806M
Capital Expenditure	-79.55M	-90.82M	-106M	-137M	-141M
Cash Acquisitions	-	-62.04M	-230M	-	-231M
Investment in Marketable and Equity Securities, Total	-15.85M	46.67M	-44.22M	-168M	134M
Other Investing Activities, Total	4.68M	4.94M	-2.98M	-1.45M	-4.02M
Cash from Investing	-90.72M	-101M	-383M	-306M	-241M
Short Term Debt Issued, Total	-	-	-	-	19.18M
Long-Term Debt Issued, Total	-	400M	498M	-	-
Total Debt Issued	-	400M	498M	-	19.18M
Short Term Debt Repaid, Total	-	-	-	-	-19.18M
Long-Term Debt Repaid, Total	-9.93M	-8.66M	-13.22M	-15.73M	-15.96M
Total Debt Repaid	-9.93M	-8.66M	-13.22M	-15.73M	-35.14M
Issuance of Common Stock	28.46M	30.35M	31.36M	34.29M	35.88M
Repurchase of Common Stock	-135M	-549M	-281M	-301M	-426M
Other Financing Activities, Total	-	-5.48M	-6.38M	-2.55M	-12K
Cash from Financing	-117M	-133M	229M	-285M	-406M
Foreign Exchange Rate Adjustments	-198K	-26.17M	2.15M	1.25M	-1.5M
Net Change in Cash	334M	-428M	16.41M	-75.76M	157M
Supplemental Items
Cash Interest Paid	29.86M	42.81M	84.46M	-	-
Cash Income Tax Paid (Refund)	73.13M	34.97M	78.24M	54.96M	114M
Levered Free Cash Flow	357M	-236M	17.43M	449M	667M
Unlevered Free Cash Flow	376M	-206M	72.45M	509M	723M
Change In Net Working Capital	65.06M	522M	334M	-237M	-345M
Net Debt Issued / Repaid	-9.93M	391M	485M	-15.73M	-15.96M

Fiscal Period: November	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.72	3.24	4.51	2.13	3.38
Return on Total Capital	8.43	4.15	5.72	2.67	4.41
Return On Equity %	18.09	5.33	9.16	2.96	4.45
Return on Common Equity	18.09	5.33	9.16	2.96	4.45
Margin Analysis
Gross Profit Margin %	47.37	42.95	42.83	42.83	42.04
SG&A Margin	17.65	17.78	16.1	18.21	17.19
EBITDA Margin %	17.08	10.94	12.01	8.09	9.46
EBITA Margin %	14.42	8.3	9.9	5.77	7.28
EBIT Margin %	13.43	7.08	8.77	4.76	6.52
Income From Continuing Operations Margin %	13.81	4.21	5.81	2.09	2.59
Net Income Margin %	13.81	4.21	5.81	2.09	2.59
Net Avail. For Common Margin %	13.81	4.21	5.81	2.09	2.59
Normalized Net Income Margin	7.83	3.66	4.74	2.25	3.54
Levered Free Cash Flow Margin	9.85	-6.49	0.4	11.18	13.99
Unlevered Free Cash Flow Margin	10.38	-5.68	1.65	12.69	15.16
Asset Turnover
Asset Turnover	0.8	0.73	0.82	0.71	0.83
Fixed Assets Turnover	10.99	11.31	13.97	11.8	12.07
Receivables Turnover (Average Receivables)	4.04	3.52	3.93	3.67	4.4
Inventory Turnover (Average Inventory)	5.3	3.14	2.51	2.45	3.36
Short Term Liquidity
Current Ratio	3.51	3.25	3.84	3.54	2.73
Quick Ratio	2.87	2.16	2.47	2.33	1.91
Operating Cash Flow to Current Liabilities	0.6	-0.16	0.18	0.51	0.62
Days Sales Outstanding (Average Receivables)	90.06	103.36	92.57	101.22	82.81
Days Outstanding Inventory (Average Inventory)	68.63	116.02	144.98	151.23	108.4
Average Days Payable Outstanding	60.94	60.02	58.11	66.59	63.48
Cash Conversion Cycle (Average Days)	97.75	159.36	179.43	185.86	127.74
Long Term Solvency
Total Debt/Equity	27.14	43.73	58.18	57.96	59.61
Total Debt / Total Capital	21.35	30.42	36.78	36.69	37.35
LT Debt/Equity	26.17	42.64	57.05	56.88	58.5
Long-Term Debt / Total Capital	20.59	29.67	36.06	36.01	36.65
Total Liabilities / Total Assets	37.93	46.49	49.15	50.08	53.46
EBIT / Interest Expense	15.77	5.47	4.37	1.97	3.48
EBITDA / Interest Expense	20.82	8.97	6.22	3.52	5.24
(EBITDA - Capex) / Interest Expense	18.24	7.04	5.01	2.11	3.66
Total Debt / EBITDA	1.28	2.81	3.03	4.78	3.48
Net Debt / EBITDA	-1.33	0.01	0.74	0.88	0.56
Total Debt / (EBITDA - Capex)	1.46	3.58	3.76	7.96	4.97
Net Debt / (EBITDA - Capex)	-1.52	0.01	0.92	1.46	0.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.51	0.33	20.75	-8.47	18.79
Gross Profit, 1 Yr. Growth %	3.76	-9.02	20.41	-8.48	16.59
EBITDA, 1 Yr. Growth %	-4.29	-35.74	32.61	-38.4	38.95
EBITA, 1 Yr. Growth %	-5.44	-42.27	44.1	-46.64	49.68
EBIT, 1 Yr. Growth %	-5.34	-47.1	49.61	-50.32	62.54
Earnings From Cont. Operations, 1 Yr. Growth %	38.45	-69.43	66.66	-67.05	46.91
Net Income, 1 Yr. Growth %	38.45	-69.43	66.66	-67.05	46.91
Normalized Net Income, 1 Yr. Growth %	-6.14	-53.09	56.23	-56.55	87.12
Diluted EPS Before Extra, 1 Yr. Growth %	37.5	-68.65	71	-66.08	46.55
Accounts Receivable, 1 Yr. Growth %	22.49	9.18	7.19	-10.2	9.38
Inventory, 1 Yr. Growth %	8.68	152.96	11	-21.93	0.71
Net Property, Plant and Equip., 1 Yr. Growth %	-0.05	-4.97	0.77	15.81	16.5
Total Assets, 1 Yr. Growth %	16.37	4.2	10.49	0.71	3.96
Tangible Book Value, 1 Yr. Growth %	25.73	-12.41	-5.18	0.52	-9.97
Common Equity, 1 Yr. Growth %	20.34	-10.17	4.99	-1.13	-3.08
Cash From Operations, 1 Yr. Growth %	9.72	-130.97	-200.34	205.66	56.67
Capital Expenditures, 1 Yr. Growth %	-3.77	14.16	16.93	28.67	3.04
Levered Free Cash Flow, 1 Yr. Growth %	14.82	-166.12	-107.39	2.47K	48.67
Unlevered Free Cash Flow, 1 Yr. Growth %	13.85	-154.9	-135.1	603.21	41.94
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.68	1.41	10.07	5.13	4.27
Gross Profit, 2 Yr. CAGR %	5.46	-2.84	4.67	4.98	3.3
EBITDA, 2 Yr. CAGR %	11.51	-21.57	-7.69	-9.62	-7.48
EBITA, 2 Yr. CAGR %	12.89	-26.11	-8.79	-12.31	-10.63
EBIT, 2 Yr. CAGR %	13.92	-29.23	-11.03	-13.78	-10.14
Earnings From Cont. Operations, 2 Yr. CAGR %	40.49	-34.95	-28.62	-25.9	-30.43
Net Income, 2 Yr. CAGR %	40.49	-34.95	-28.62	-25.9	-30.43
Normalized Net Income, 2 Yr. CAGR %	15.32	-33.46	-14.37	-17.61	-9.84
Diluted EPS Before Extra, 2 Yr. CAGR %	40.76	-34.35	-26.78	-23.84	-29.5
Accounts Receivable, 2 Yr. CAGR %	10.42	15.64	8.18	-1.89	-0.89
Inventory, 2 Yr. CAGR %	4.15	65.8	67.56	-6.91	-11.33
Net Property, Plant and Equip., 2 Yr. CAGR %	7.13	-2.54	-2.14	8.03	16.16
Total Assets, 2 Yr. CAGR %	11.79	10.12	7.3	5.49	2.32
Tangible Book Value, 2 Yr. CAGR %	22.47	4.94	-8.99	-2.37	-4.87
Common Equity, 2 Yr. CAGR %	17.9	3.97	-2.88	1.89	-2.11
Cash From Operations, 2 Yr. CAGR %	14.5	-41.71	-44.25	75.13	118.83
Capital Expenditures, 2 Yr. CAGR %	12.75	4.81	15.54	22.66	15.15
Levered Free Cash Flow, 2 Yr. CAGR %	94.09	-12.87	-77.89	37.96	518.7
Unlevered Free Cash Flow, 2 Yr. CAGR %	78.43	-20.94	-56.1	57.11	215.94
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.38	0.56	7.49	3.51	9.5
Gross Profit, 3 Yr. CAGR %	9.27	0.39	4.36	0.09	8.72
EBITDA, 3 Yr. CAGR %	19.41	-7.21	-6.57	-19.33	4.31
EBITA, 3 Yr. CAGR %	23.24	-9.72	-7.69	-23.72	4.8
EBIT, 3 Yr. CAGR %	24.3	-11.78	-9.17	-26.74	6.51
Earnings From Cont. Operations, 3 Yr. CAGR %	13.22	-15.5	-10.99	-44.84	-6.91
Net Income, 3 Yr. CAGR %	13.22	-15.5	-10.99	-44.84	-6.91
Normalized Net Income, 3 Yr. CAGR %	31.83	-14.55	-11.56	-31.7	8.29
Diluted EPS Before Extra, 3 Yr. CAGR %	8.64	-14.68	-9.67	-43.35	-5.27
Accounts Receivable, 3 Yr. CAGR %	7.84	10.01	12.75	1.67	1.73
Inventory, 3 Yr. CAGR %	12.52	40	45.04	29.9	-4.44
Net Property, Plant and Equip., 3 Yr. CAGR %	4.08	2.93	-1.45	3.51	10.78
Total Assets, 3 Yr. CAGR %	9	9.2	10.24	5.06	4.98
Tangible Book Value, 3 Yr. CAGR %	21.24	9.52	1.37	-5.92	-4.97
Common Equity, 3 Yr. CAGR %	16.11	7.68	4.31	-2.3	0.2
Cash From Operations, 3 Yr. CAGR %	33.19	-25.95	-30.14	-1.7	68.75
Capital Expenditures, 3 Yr. CAGR %	5.57	13.22	8.71	19.76	15.74
Levered Free Cash Flow, 3 Yr. CAGR %	2.81	35.55	-61.71	7.96	41.44
Unlevered Free Cash Flow, 3 Yr. CAGR %	1.19	20.46	-39.69	10.66	51.88
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.84	5.33	7.23	2.36	6.19
Gross Profit, 5 Yr. CAGR %	8.1	4.61	7.4	2.2	3.94
EBITDA, 5 Yr. CAGR %	15.01	2.7	7.73	-8.18	-6.93
EBITA, 5 Yr. CAGR %	16.44	2.18	9.26	-10.77	-8.88
EBIT, 5 Yr. CAGR %	24.02	2.72	8.73	-12.59	-9.56
Earnings From Cont. Operations, 5 Yr. CAGR %	47.12	-34.43	-5.86	-19.83	-19.34
Net Income, 5 Yr. CAGR %	47.12	-34.43	-5.86	-19.83	-19.34
Normalized Net Income, 5 Yr. CAGR %	36.28	4.59	10.92	-15.79	-10.87
Diluted EPS Before Extra, 5 Yr. CAGR %	44.1	-33.21	-7.22	-18.47	-18.19
Accounts Receivable, 5 Yr. CAGR %	11.35	11.59	7.97	5.08	7.08
Inventory, 5 Yr. CAGR %	12.12	28.79	31.95	18.91	19.13
Net Property, Plant and Equip., 5 Yr. CAGR %	2.68	0.29	1.54	4.94	5.25
Total Assets, 5 Yr. CAGR %	11.11	5.11	8.32	7.7	7
Tangible Book Value, 5 Yr. CAGR %	49.61	5.54	8.1	4.55	-1.18
Common Equity, 5 Yr. CAGR %	31.56	4.89	8.1	5.32	1.69
Cash From Operations, 5 Yr. CAGR %	13.35	-6.51	-5.99	4.49	10.3
Capital Expenditures, 5 Yr. CAGR %	-5.79	-0.81	9.45	16.9	11.24
Levered Free Cash Flow, 5 Yr. CAGR %	23.17	23.18	-44.41	36.51	16.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	18.45	11.53	-27.55	33.96	16.97