Company: CALX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001406666-25-000045
Chunk: 10

Company: CALIX, INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 operating activities:Stock-based compensation65,976 48,686 Depreciation and amortization13,310 14,805 Deferred income taxes8,778 (10,420)Net accretion of available-for-sale securities(3,001)(3,958)Changes in operating assets and liabilities:Accounts receivable, net(8,144)40,755 Inventory(5,255)32,376 Prepaid expenses and other assets11,297 7,659 Accounts payable(71)(11,809)Accrued liabilities(5,936)(39,768)Deferred revenue(3,702)(10,636)Other long-term liabilities4,983 (2,830)Net cash provided by operating activities88,907 53,037 Investing activitiesPurchases of property and equipment(13,670)(12,905)Purchases of marketable securities(166,936)(228,456)Sales of marketable securities11,362 49,905 Maturities of marketable securities168,350 115,529 Net cash used in investing activities(894)(75,927)Financing activities:Proceeds from common stock issuances related to employee benefit plans40,821 25,433 Repurchases of common stock(77,010)(3,738)Net cash provided by (used in) financing activities(36,189)21,695 Effect of exchange rate changes on cash and cash equivalents26 147 Net increase (decrease) in cash and cash equivalents51,850 (1,048)Cash and cash equivalents at beginning of period43,162 63,409 Cash and cash equivalents at end of period$95,012 $62,361 

See accompanying notes to condensed consolidated financial statements.

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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