Calix, Inc (CALX) Financial Statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51,33380,80746,82949,64639,77578,10773,590
Cash and cash equivalents51,33380,80746,82949,64639,77550,35923,626
Short-term investments     27,74849,964
Restricted cash and investments  628628   
Receivables85,21969,41946,50967,02680,39251,33647,155
Inventory, net of allowances, customer advances and progress billings88,88052,26840,15350,15131,52944,54547,667
Inventory88,88052,26840,15350,15131,52944,54547,667
Deferred costs    2,39534,7634,918
Other undisclosed current assets183,81364,3969,6987,3068,36410,5719,470
Total current assets:409,245266,890143,817174,757162,455219,322182,800
Noncurrent Assets
Operating lease, right-of-use asset12,18211,74115,864
Property, plant and equipment21,78320,38121,52724,94515,68117,98417,149
Intangible assets, net (including goodwill)116,175116,175116,175116,175116,175116,988122,793
Goodwill116,175116,175116,175116,175116,175116,175116,175
Intangible assets, net (excluding goodwill)     8136,618
Deferred income tax assets168,962  
Other noncurrent assets13,68512,16519,4401,2037591,1811,144
Total noncurrent assets:332,787160,462173,006142,323132,615136,153141,086
TOTAL ASSETS:742,032427,352316,823317,080295,070355,475323,886
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities100,65881,85168,33598,07885,25693,54255,115
Accounts payable29,06113,11510,78940,20935,97723,82719,603
Accrued liabilities71,59768,73657,54657,86949,27969,71535,512
Deferred revenue27,47819,18917,158
Debt  30,00030,00030,000  
Deferred revenue and credits13,07627,85412,124
Contract with customer, liability15,600
Total current liabilities:128,136101,040115,493143,678128,332121,39667,239
Noncurrent Liabilities
Long-term debt and lease obligation12,37612,94614,337    
Operating lease, liability12,37612,94614,337
Liabilities, other than long-term debt33,09233,04132,96521,46821,77521,11520,862
Deferred revenue and credits20,64520,23719,569
Deferred revenue22,01619,90418,340
Contract with customer, liability17,496
Other liabilities11,07613,13714,6253,9721,1308781,293
Total noncurrent liabilities:45,46845,98747,30221,46821,77521,11520,862
Total liabilities:173,604147,027162,795165,146150,107142,51188,101
Stockholders' equity
Stockholders' equity attributable to parent568,428280,325154,028151,934144,963212,964235,785
Common stock1,6071,5531,5451,4821,4211,3681,326
Treasury stock, value  (39,986)(39,986)(39,986)(39,986)(27,177)
Additional paid in capital997,855948,055895,899876,073851,054836,563818,754
Accumulated other comprehensive loss(320)(191)(854)(753)(169)(656)(195)
Accumulated deficit(430,714)(669,092)(702,576)(684,882)(667,357)(584,325)(556,923)
Total stockholders' equity:568,428280,325154,028151,934144,963212,964235,785
TOTAL LIABILITIES AND EQUITY:742,032427,352316,823317,080295,070355,475323,886

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues679,394541,239424,330441,320510,367458,787407,463
Revenue, net510,367  
Cost of revenue(322,807)(274,220)(236,405)(243,938)(337,477)(257,569)(217,034)
Cost of goods and services sold(322,807)(274,220)(236,405)(243,938)(337,477)(253,465)(208,681)
Gross profit:356,587267,019187,925197,382172,890201,218190,429
Operating expenses(282,649)(230,173)(203,326)(215,896)(254,446)(229,337)(216,939)
Operating income (loss):73,93836,846(15,401)(18,514)(81,556)(28,119)(26,510)
Nonoperating income (expense)(1,284)(2,562)(1,131)(254)(233)1,6491,856
Investment income, nonoperating(402)(1,585)(958)(632)(160)7371,285
Other nonoperating income (expense)(882)(977)(173)378(73)912571
Interest and debt expense     (585)(1,144)
Income (loss) from continuing operations before income taxes:72,65434,284(16,532)(18,768)(81,789)(27,055)(25,798)
Income tax expense (benefit)165,724(800)(1,162)(530)(1,243)(347)(535)
Net income (loss) available to common stockholders, diluted:238,37833,484(17,694)(19,298)(83,032)(27,402)(26,333)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):238,37833,484(17,694)(19,298)(83,032)(27,402)(26,333)
Other comprehensive income (loss)(129)663(101)(584)487(461)(275)
Comprehensive income (loss), net of tax, attributable to parent:238,24934,147(17,795)(19,882)(82,545)(27,863)(26,608)

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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