Calix, Inc (CALX) Financial Statements (2024 and earlier)

Company Profile

Business Address 2777 ORCHARD PARKWAY
SAN JOSE, CA 95134
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments79,07351,33380,80746,82949,64639,775
Cash and cash equivalents79,07351,33380,80746,82949,64639,775
Restricted cash and investments    628628 
Receivables93,80485,21969,41946,50967,02680,392
Inventory, net of allowances, customer advances and progress billings149,16088,88052,26840,15350,15131,529
Inventory149,16088,88052,26840,15350,15131,529
Deferred costs      2,395
Deposits current assets39,064     
Other undisclosed current assets186,269183,81364,3969,6987,3068,364
Total current assets:547,370409,245266,890143,817174,757162,455
Noncurrent Assets
Operating lease, right-of-use asset9,28312,18211,74115,864
Property, plant and equipment25,83421,78320,38121,52724,94515,681
Intangible assets, net (including goodwill)116,175116,175116,175116,175116,175116,175
Goodwill116,175116,175116,175116,175116,175116,175
Deferred income tax assets167,031168,962  
Other noncurrent assets19,14213,68512,16519,4401,203759
Total noncurrent assets:337,465332,787160,462173,006142,323132,615
TOTAL ASSETS:884,835742,032427,352316,823317,080295,070
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities131,881100,65881,85168,33598,07885,256
Accounts payable41,40729,06113,11510,78940,20935,977
Accrued liabilities90,47471,59768,73657,54657,86949,279
Deferred revenue33,54127,47819,18917,158
Debt    30,00030,00030,000
Deferred revenue and credits13,076
Contract with customer, liability15,600
Total current liabilities:165,422128,136101,040115,493143,678128,332
Noncurrent Liabilities
Long-term debt and lease obligation:  12,37612,94614,337  
Liabilities, other than long-term debt39,84633,09233,04132,96521,46821,775
Deferred revenue and credits20,645
Deferred revenue25,07222,01619,90418,340
Contract with customer, liability17,496
Other liabilities6,33211,07613,13714,6253,9721,130
Operating lease, liability8,44212,37612,94614,337
Total noncurrent liabilities:39,84645,46845,98747,30221,46821,775
Total liabilities:205,268173,604147,027162,795165,146150,107
Equity
Equity, attributable to parent679,567568,428280,325154,028151,934144,963
Common stock1,6441,6071,5531,5451,4821,421
Treasury stock, value    (39,986)(39,986)(39,986)
Additional paid in capital1,070,100997,855948,055895,899876,073851,054
Accumulated other comprehensive loss(2,473)(320)(191)(854)(753)(169)
Accumulated deficit(389,704)(430,714)(669,092)(702,576)(684,882)(667,357)
Total equity:679,567568,428280,325154,028151,934144,963
TOTAL LIABILITIES AND EQUITY:884,835742,032427,352316,823317,080295,070

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues867,827679,394541,239424,330441,320510,367
Revenue, net510,367
Cost of revenue
(Cost of Goods and Services Sold)
(432,399)(322,807)(274,220)(236,405)(243,938)(337,477)
Gross profit:435,428356,587267,019187,925197,382172,890
Operating expenses(382,818)(282,649)(230,173)(203,326)(215,896)(254,446)
Operating income (loss):52,61073,93836,846(15,401)(18,514)(81,556)
Nonoperating income (expense)1,432(1,284)(2,562)(1,131)(254)(233)
Investment income, nonoperating 2,009(402)(1,585)(958)(632)(160)
Other nonoperating income (expense)(577)(882)(977)(173)378(73)
Income (loss) from continuing operations before income taxes:54,04272,65434,284(16,532)(18,768)(81,789)
Income tax expense (benefit)(13,032)165,724(800)(1,162)(530)(1,243)
Income (loss) from continuing operations:41,010238,37833,484(17,694)(19,298)(83,032)
Income (loss) before gain (loss) on sale of properties:238,37833,484(17,694)(19,298)(83,032)
Net income (loss) available to common stockholders, diluted:41,010238,37833,484(17,694)(19,298)(83,032)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):41,010238,37833,484(17,694)(19,298)(83,032)
Other comprehensive income (loss)  (129)663(101)(584)487
Comprehensive income (loss):41,010238,24934,147(17,795)(19,882)(82,545)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,153)     
Comprehensive income (loss), net of tax, attributable to parent:38,857238,24934,147(17,795)(19,882)(82,545)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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