Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 10

Company: CALIX, INC
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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Deferred income taxes(1,285)(5,284)Net accretion of available-for-sale securities(2,137)(2,716)Changes in operating assets and liabilities:Accounts receivable, net16,245 43,962 Inventory(7,795)19,500 Prepaid expenses and other assets13,752 6,420 Accounts payable2,284 (23,424)Accrued liabilities(10,387)(26,787)Deferred revenue(1,748)(7,300)Other long-term liabilities(1,320)(1,781)Net cash provided by operating activities56,593 37,038 Investing activitiesPurchases of property and equipment(8,045)(9,661)Purchases of marketable securities(95,116)(148,897)Sales of marketable securities11,362 48,734 Maturities of marketable securities117,679 82,805 Net cash provided by (used in) investing activities25,880 (27,019)Financing activities:Proceeds from common stock issuances related to employee benefit plans24,197 14,834 Repurchases of common stock(73,531)(3,738)Net cash provided by (used in) financing activities(49,334)11,096 Effect of exchange rate changes on cash and cash equivalents237 (38)Net increase in cash and cash equivalents33,376 21,077 Cash and cash equivalents at beginning of period43,162 63,409 Cash and cash equivalents at end of period$76,538 $84,486 

See accompanying notes to condensed consolidated financial statements.

7

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 all sizes to innovate and transform their businesses. The Company’s BXP customers are empowered to utilize real-time data and insights from