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 investments | 51,333 | 80,807 | 46,829 | 49,646 | 39,775 | 78,107 | 73,590 | ||
| Cash and cash equivalents | 51,333 | 80,807 | 46,829 | 49,646 | 39,775 | 50,359 | 23,626 | ||
| Short-term investments | 27,748 | 49,964 | |||||||
| Restricted cash and investments | 628 | 628 | |||||||
| Receivables | 85,219 | 69,419 | 46,509 | 67,026 | 80,392 | 51,336 | 47,155 | ||
| Inventory, net of allowances, customer advances and progress billings | 88,880 | 52,268 | 40,153 | 50,151 | 31,529 | 44,545 | 47,667 | ||
| Inventory | 88,880 | 52,268 | 40,153 | 50,151 | 31,529 | 44,545 | 47,667 | ||
| Deferred costs | 2,395 | 34,763 | 4,918 | ||||||
| Other undisclosed current assets | 183,813 | 64,396 | 9,698 | 7,306 | 8,364 | 10,571 | 9,470 | ||
| Total current assets: | 409,245 | 266,890 | 143,817 | 174,757 | 162,455 | 219,322 | 182,800 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 12,182 | 11,741 | 15,864 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 21,783 | 20,381 | 21,527 | 24,945 | 15,681 | 17,984 | 17,149 | ||
| Intangible assets, net (including goodwill) | 116,175 | 116,175 | 116,175 | 116,175 | 116,175 | 116,988 | 122,793 | ||
| Goodwill | 116,175 | 116,175 | 116,175 | 116,175 | 116,175 | 116,175 | 116,175 | ||
| Intangible assets, net (excluding goodwill) | 813 | 6,618 | |||||||
| Deferred income tax assets | 168,962 | ✕ | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 13,685 | 12,165 | 19,440 | 1,203 | 759 | 1,181 | 1,144 | ||
| Total noncurrent assets: | 332,787 | 160,462 | 173,006 | 142,323 | 132,615 | 136,153 | 141,086 | ||
| TOTAL ASSETS: | 742,032 | 427,352 | 316,823 | 317,080 | 295,070 | 355,475 | 323,886 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 100,658 | 81,851 | 68,335 | 98,078 | 85,256 | 93,542 | 55,115 | ||
| Accounts payable | 29,061 | 13,115 | 10,789 | 40,209 | 35,977 | 23,827 | 19,603 | ||
| Accrued liabilities | 71,597 | 68,736 | 57,546 | 57,869 | 49,279 | 69,715 | 35,512 | ||
| Deferred revenue | 27,478 | 19,189 | 17,158 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 30,000 | 30,000 | 30,000 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 13,076 | 27,854 | 12,124 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 15,600 | ✕ | ✕ | ✕ | ||
| Total current liabilities: | 128,136 | 101,040 | 115,493 | 143,678 | 128,332 | 121,396 | 67,239 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 12,376 | 12,946 | 14,337 | ||||||
| Operating lease, liability | 12,376 | 12,946 | 14,337 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 33,092 | 33,041 | 32,965 | 21,468 | 21,775 | 21,115 | 20,862 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 20,645 | 20,237 | 19,569 | ||
| Deferred revenue | 22,016 | 19,904 | 18,340 | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 17,496 | ✕ | ✕ | ✕ | ||
| Other liabilities | 11,076 | 13,137 | 14,625 | 3,972 | 1,130 | 878 | 1,293 | ||
| Total noncurrent liabilities: | 45,468 | 45,987 | 47,302 | 21,468 | 21,775 | 21,115 | 20,862 | ||
| Total liabilities: | 173,604 | 147,027 | 162,795 | 165,146 | 150,107 | 142,511 | 88,101 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 568,428 | 280,325 | 154,028 | 151,934 | 144,963 | 212,964 | 235,785 | ||
| Common stock | 1,607 | 1,553 | 1,545 | 1,482 | 1,421 | 1,368 | 1,326 | ||
| Treasury stock, value | (39,986) | (39,986) | (39,986) | (39,986) | (27,177) | ||||
| Additional paid in capital | 997,855 | 948,055 | 895,899 | 876,073 | 851,054 | 836,563 | 818,754 | ||
| 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: | 568,428 | 280,325 | 154,028 | 151,934 | 144,963 | 212,964 | 235,785 | ||
| TOTAL LIABILITIES AND EQUITY: | 742,032 | 427,352 | 316,823 | 317,080 | 295,070 | 355,475 | 323,886 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 679,394 | 541,239 | 424,330 | 441,320 | 510,367 | 458,787 | 407,463 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 510,367 | |||
| 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: | 356,587 | 267,019 | 187,925 | 197,382 | 172,890 | 201,218 | 190,429 | |
| Operating expenses | (282,649) | (230,173) | (203,326) | (215,896) | (254,446) | (229,337) | (216,939) | |
| Operating income (loss): | 73,938 | 36,846 | (15,401) | (18,514) | (81,556) | (28,119) | (26,510) | |
| Nonoperating income (expense) | (1,284) | (2,562) | (1,131) | (254) | (233) | 1,649 | 1,856 | |
| Investment income, nonoperating | (402) | (1,585) | (958) | (632) | (160) | 737 | 1,285 | |
| Other nonoperating income (expense) | (882) | (977) | (173) | 378 | (73) | 912 | 571 | |
| Interest and debt expense | (585) | (1,144) | ||||||
| Income (loss) from continuing operations before income taxes: | 72,654 | 34,284 | (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: | 238,378 | 33,484 | (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): | 238,378 | 33,484 | (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: | 238,249 | 34,147 | (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.