Company: CALX
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001406666-25-000016
Chunk: 37

Company: CALIX, INC
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 8
Chunk 37
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 months ended March 29, 2025 and March 30, 2024.Cash, cash equivalents and marketable securities consisted of the following (in thousands):March 29,2025December 31,2024Cash and cash equivalents:Cash$15,727 $20,664 Commercial paper17,636 10,058 Money market funds8,937 4,890 U.S. government securities— 7,550 Total cash and cash equivalents42,300 43,162 Marketable securities:Corporate debt securities126,497 123,701 U.S. government securities49,036 66,582 Commercial paper31,979 22,715 U.S. government agency securities19,875 24,411 Certificates of deposit12,623 16,520 Total marketable securities240,010 253,929 $282,310 $297,091 The carrying amounts of the Company’s money market funds approximate their fair values due to their nature, duration and short maturities. The amortized cost and fair value of marketable securities were as follows (in thousands):As of March 29, 2025Amortized CostUnrealized Gains (Losses), netFair ValueCorporate debt securities$126,179 $318 $126,497 Commercial paper49,624 (9)49,615 U.S. government securities48,915 121 49,036 U.S. government agency securities19,838 37 19,875 Certificates of deposit12,612 11 12,623 $257,168 $478 $257,646 As of December 31, 2024Amortized CostUnrealized Gains, net Fair ValueCorporate debt securities$123,519 $182 $123,701 U.S. government securities74,118 14 74,132 Commercial paper32,766 7 32,773 U.S. government agency securities24,380 31 24,411 Certificates of deposit16,505 15 16,520 $271,288 $249 $271,537 

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Table of Contents

4. Fair Value Measurements

The Company measures its cash equivalents and marketable securities at fair value on a recurring basis. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly