Company: CALX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001406666-25-000008
Chunk: 156

Company: CALIX, INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 156
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 2023:Allowance for doubtful accounts$397 $43 $(136)$304 Product return liability2,961 4,761 (4,825)2,897 Year Ended December 31, 2022:Allowance for doubtful accounts$725 $(276)$(52)$397 Product return liability1,836 5,622 (4,497)2,961 

48

Inventory consisted of the following (in thousands):December 31,20242023Components$21,735 $22,119 Finished goods80,992 110,866 $102,727 $132,985 Prepaid expenses and other current assets consisted of the following (in thousands):December 31,20242023Supplier deposits$62,620 $78,131 Prepaid expenses and other current assets42,976 40,467 $105,596 $118,598 Property and equipment, net consisted of the following (in thousands):December 31,20242023Test equipment$57,595 $50,853 Computer equipment14,561 13,615 Software11,146 12,972 Leasehold improvements2,173 2,122 Furniture and fixtures1,268 1,283 86,743 80,845 Accumulated depreciation and amortization(55,590)(51,384)$31,153 $29,461 Depreciation and amortization expenses were $19.6 million, $16.6 million and $14.3 million for the years ended December 31, 2024, 2023 and 2022, respectively.Accrued liabilities consisted of the following (in thousands):December 31,20242023Compensation and related benefits$36,004 $36,741 Component inventory held by suppliers8,855 32,182 Professional and consulting fees5,385 7,717 Current portion of warranty and retrofit5,288 5,655 Taxes payable5,048 4,317 Customer advances or rebates4,882 5,967 Operating leases4,303 4,142 Product returns2,428 2,897 Insurance2,019 2,107 Operations1,735 1,080 Freight1,640 1,510 Litigation settlement— 3,250 Other6,580 8,