Company: CALX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001406666-25-000008
Chunk: 79

Company: CALIX, INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 79
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,926)37,070 20,919 Deferred revenue(13,900)2,921 9,118 Other long-term liabilities(4,076)(4,397)(8,678)Net cash provided by operating activities68,400 56,251 27,183 Investing activities:Purchases of property and equipment(18,054)(17,855)(14,067)Purchases of marketable securities(301,677)(216,193)(191,403)Sales of marketable securities49,902 — — Maturities of marketable securities160,299 227,803 181,388 Net cash used in investing activities(109,530)(6,245)(24,082)Financing activities:Proceeds from common stock issuances related to employee benefit plans31,592 32,149 27,456 Repurchases of common stock(10,695)(86,397)— Payments related to financing arrangements— (11,678)(2,393)Net cash provided by (used in) financing activities20,897 (65,926)25,063 Effect of exchange rate changes on cash and cash equivalents(14)256 (424)Net increase (decrease) in cash and cash equivalents(20,247)(15,664)27,740 Cash and cash equivalents at beginning of year63,409 79,073 51,333 Cash and cash equivalents at end of year$43,162 $63,409 $79,073 Supplemental disclosures of cash flow information:Interest paid$— $253 $577 Income taxes paid$5,878 $11,873 $9,607 Non-cash investing activities:Changes in accounts payable and accrued liabilities related to purchases of property and equipment$484 $(180)$586 

See accompanying notes to consolidated financial statements.

41

CALIX, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.  Description of Business and Significant Accounting Policies

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. This platform,