Company: CALX
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001406666-25-000016
Chunk: 3

Company: CALIX, INC
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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ITEM 1.Financial Statements 

CALIX, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except par value) 

March 29,2025December 31,2024 (Unaudited) (See Note 1)ASSETSCurrent assets:Cash and cash equivalents$42,300 $43,162 Marketable securities240,010 253,929 Accounts receivable, net75,511 79,321 Inventory100,835 102,727 Prepaid expenses and other current assets103,344 105,596 Total current assets562,000 584,735 Property and equipment, net30,832 31,153 Right-of-use operating leases5,535 6,216 Deferred tax assets179,005 177,601 Goodwill116,175 116,175 Other assets23,572 23,387 $917,119 $939,267 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$23,471 $20,226 Accrued liabilities69,871 84,167 Deferred revenue29,482 26,750 Total current liabilities122,824 131,143 Long-term portion of deferred revenue21,310 20,883 Operating leases3,378 3,720 Other long-term liabilities2,441 2,581 Total liabilities149,953 158,327 Commitments and contingencies (See Note 6)Stockholders’ equity:Preferred stock, $0.025 par value; 5,000 shares authorized; no shares issued and outstanding as of March 29, 2025 and December 31, 2024— — Common stock, $0.025 par value; 100,000 shares authorized; 65,695 shares issued and outstanding as of March 29, 2025, and 66,434 shares issued and outstanding as of December 31, 20241,643 1,661 Additional paid-in capital1,160,781 1,170,017 Accumulated other comprehensive loss(345)(612)Accumulated deficit(394,913)(390,126)Total stockholders’ equity767,166 780,940 $917,119 $939,267 

See accompanying notes to condensed consolidated financial statements.

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CALIX, INC.