Company: CALX
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001406666-25-000016
Chunk: 6

Company: CALIX, INC
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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rued liabilities(14,086)(28,056)Deferred revenue3,158 2,348 Other long-term liabilities(481)(794)Net cash provided by operating activities17,212 14,691 Investing activitiesPurchases of property and equipment(4,310)(3,709)Purchases of marketable securities(36,856)(35,575)Maturities of marketable securities52,154 42,565 Net cash provided by investing activities10,988 3,281 Financing activities:Proceeds from common stock issuances related to employee benefit plans10,845 10,814 Repurchases of common stock(39,974)(3,738)Net cash provided by (used in) financing activities(29,129)7,076 Effect of exchange rate changes on cash and cash equivalents67 (39)Net increase (decrease) in cash and cash equivalents(862)25,009 Cash and cash equivalents at beginning of period43,162 63,409 Cash and cash equivalents at end of period$42,300 $88,418 

See accompanying notes to condensed consolidated financial statements.

7

Table of Contents

CALIX, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1.  Company and Basis of Presentation

CompanyCalix, Inc. (together with its subsidiaries, “Calix” or the “Company”) was incorporated in August 1999 and is a Delaware corporation. The Company develops, markets and sells an appliance-based platform, cloud and managed services that focus on the subscriber-facing network, the portion of the network that governs available bandwidth and determines the range and quality of services that can be offered to subscribers. These platform, cloud and managed services enable broadband experience providers (“BXPs”) of all sizes to innovate and transform their businesses. The Company’s BXP customers are empowered to utilize real-time data and insights from the Calix platform to simplify their businesses and deliver experiences that excite their subscribers. These insights enable BXPs to grow their businesses through increased subscriber acquisition, loyalty and revenue, thereby increasing the value of their businesses and contributions to their communities.Basis of PresentationThe accompanying unaudited condensed consolidated financial statements, including the accounts of Calix, Inc. and its wholly-owned subsidiaries, have been prepared in accordance with the requirements of the U.S. Securities and Exchange Commission (“SEC”) for interim reporting. As permitted under those rules,