Company: CALX
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001406666-25-000016
Chunk: 5

Company: CALIX, INC
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 10,835 — — 10,845 Repurchases of common stock including excise tax(1,156)(28)(40,174)— — (40,202)Net loss— — — — (4,787)(4,787)Other comprehensive income— — — 267 — 267 Balance as of March 29, 202565,695 $1,643 $1,160,781 $(345)$(394,913)$767,166 

Common StockAdditional Paid-in CapitalAccumulated Other Comprehensive LossAccumulated DeficitTotal Stockholders’ EquitySharesAmountBalance as of December 31, 202365,052 $1,627 $1,078,393 $(659)$(360,379)$718,982 Stock-based compensation— — 16,856 — — 16,856 Issuance of common stock under equity incentive plans, net of forfeitures587 14 10,800 — — 10,814 Repurchases of common stock(114)(3)(3,735)— — (3,738)Net income— — — — 103 103 Other comprehensive loss— — — (324)— (324)Balance as of March 30, 202465,525 $1,638 $1,102,314 $(983)$(360,276)$742,693 

See accompanying notes to condensed consolidated financial statements.

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Table of Contents

CALIX, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands, unaudited)

 Three Months EndedMarch 29,2025March 30,2024Operating activities:Net income (loss)$(4,787)$103 Adjustments to reconcile net income (loss) to net cash provided by operating activities:Stock-based compensation19,745 16,856 Depreciation and amortization4,271 4,867 Deferred income taxes(1,459)(2,448)Net accretion of available-for-sale securities(1,144)(1,406)Changes in operating assets and liabilities:Accounts receivable, net3,810 25,719 Inventory1,891 13,203 Prepaid expenses and other assets2,808 272 Accounts payable3,486 (15,973)Acc