Company: CALX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001406666-25-000008
Chunk: 172

Company: CALIX, INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 172
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, cloud and managed services, and there are no segment managers who are held accountable for operations, operating results and plans for levels or components below the Company unit level. Accordingly, the Company is considered to be in a single reporting segment and operating unit structure. The Company’s chief operating decision maker (“CODM”) is the Company’s Chief Executive Officer, who reviews financial information presented on a Company-wide basis, for purposes of allocating resources and evaluating financial performance. The CODM assesses the performance of the single segment and allocates resources based on revenue and measures derived from gross margin and operating income (loss) that is reported in the Consolidated Statements of Comprehensive Income (Loss). In addition, the CODM uses a measure derived from operating expenses in the Consolidated Statements of Comprehensive Income (Loss) to monitor budget versus actual results to determine the Company’s and management’s performance. The Company does not have intra-entity sales or transfers. The measure of the single segment assets is the consolidated assets in the Consolidated Balance Sheet. The accounting policies of the single segment are the same as described in the significant accounting policies.Geographic Information:A summary of revenue disaggregated by geographic region based upon the location of the customers was as follows (in thousands):Years Ended December 31,202420232022United States$764,593 $944,201 $786,802 Europe34,322 54,265 26,916 Americas excluding U.S.25,583 32,696 41,892 Middle East & Africa5,917 7,457 10,885 Asia Pacific1,103 974 1,332 $831,518 $1,039,593 $867,827 The Company’s property and equipment, net of accumulated depreciation, were located in the following geographical areas (in thousands):December 31,2024 2023United States$27,601 $25,231 China2,818 3,385 India734 845 $31,153 $29,461 

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Selected Financial Information:The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):Years Ended December 31,202420232022Revenue$831,518 $1,039,593 $867,827 Adjusted cost of revenue (1)(372,177)(515,633)(427,708)Adjusted sales and marketing operating expenses (2)(197,069)(197,671)(162,548)