Calix Inc (CALX) Financial Statements (2025 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)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments63,40979,07351,33380,80746,82949,646
Cash and cash equivalents63,40979,07351,33380,80746,82949,646
Restricted cash and investments     628628
Receivables126,02793,80485,21969,41946,50967,026
Inventory, net of allowances, customer advances and progress billings132,985149,16088,88052,26840,15350,151
Inventory132,985149,16088,88052,26840,15350,151
Deposits current assets78,13139,064    
Other undisclosed current assets197,404186,269183,81364,3969,6987,306
Total current assets:597,956547,370409,245266,890143,817174,757
Noncurrent Assets
Operating lease, right-of-use asset9,2629,28312,18211,74115,864
Property, plant and equipment29,46125,83421,78320,38121,52724,945
Intangible assets, net (including goodwill)116,175116,175116,175116,175116,175116,175
Goodwill116,175116,175116,175116,175116,175116,175
Deferred income tax assets167,691167,031168,962  
Other noncurrent assets21,32019,14213,68512,16519,4401,203
Total noncurrent assets:343,909337,465332,787160,462173,006142,323
TOTAL ASSETS:941,865884,835742,032427,352316,823317,080
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities150,973131,881100,65881,85168,33598,078
Accounts payable34,74641,40729,06113,11510,78940,209
Accrued liabilities116,22790,47471,59768,73657,54657,869
Deferred revenue36,66933,54127,47819,18917,158
Debt     30,00030,000
Contract with customer, liability15,600
Total current liabilities:187,642165,422128,136101,040115,493143,678
Noncurrent Liabilities
Long-term debt and lease obligation:   12,37612,94614,337 
Liabilities, other than long-term debt35,24139,84633,09233,04132,96521,468
Deferred revenue24,86425,07222,01619,90418,340
Contract with customer, liability17,496
Other liabilities2,9566,33211,07613,13714,6253,972
Operating lease, liability7,4218,44212,37612,94614,337
Total noncurrent liabilities:35,24139,84645,46845,98747,30221,468
Total liabilities:222,883205,268173,604147,027162,795165,146
Equity
Equity, attributable to parent718,982679,567568,428280,325154,028151,934
Common stock1,6271,6441,6071,5531,5451,482
Treasury stock, value     (39,986)(39,986)
Additional paid in capital1,078,3931,070,100997,855948,055895,899876,073
Accumulated other comprehensive income (loss)(659)(2,473)(320)(191)(854)(753)
Accumulated deficit(360,379)(389,704)(430,714)(669,092)(702,576)(684,882)
Total equity:718,982679,567568,428280,325154,028151,934
TOTAL LIABILITIES AND EQUITY:941,865884,835742,032427,352316,823317,080

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,039,593867,827679,394541,239424,330441,320
Cost of revenue
(Cost of Goods and Services Sold)
(521,277)(432,399)(322,807)(274,220)(236,405)(243,938)
Gross profit:518,316435,428356,587267,019187,925197,382
Operating expenses(492,731)(382,818)(282,649)(230,173)(203,326)(215,896)
Operating income (loss):25,58552,61073,93836,846(15,401)(18,514)
Nonoperating income (expense)9,1721,432(1,284)(2,562)(1,131)(254)
Investment income, nonoperating  2,009(402)(1,585)(958)(632)
Other nonoperating income (expense)(532)(577)(882)(977)(173)378
Income (loss) from continuing operations before income taxes:34,75754,04272,65434,284(16,532)(18,768)
Income tax expense (benefit)(5,432)(13,032)165,724(800)(1,162)(530)
Income (loss) from continuing operations:29,32541,010238,37833,484(17,694)(19,298)
Income (loss) before gain (loss) on sale of properties:238,37833,484(17,694)(19,298)
Net income (loss) available to common stockholders, diluted:29,32541,010238,37833,484(17,694)(19,298)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):29,32541,010238,37833,484(17,694)(19,298)
Other comprehensive income (loss)   (129)663(101)(584)
Comprehensive income (loss):29,32541,010238,24934,147(17,795)(19,882)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,814(2,153)    
Comprehensive income (loss), net of tax, attributable to parent:31,13938,857238,24934,147(17,795)(19,882)

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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