Company: CALX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001406666-25-000008
Chunk: 145

Company: CALIX, INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 145
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)(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, cloud and managed services enable broadband experience providers (“BEPs”) of all sizes to innovate and transform their businesses. The Company’s BEP 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 BEPs to grow their businesses through increased subscriber acquisition, loyalty and revenue, thereby increasing the value