CALX FY 2020 Earnings Report — Calix, Inc. Revenue & Financial Results | Market Cap Arena

Calix, Inc.CALX

FY 2020 Earnings

Reported February 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$541M	—	$424M	—	27.6%
Op. Income	$37M	—	-$15M	—	339.2%
Gross Margin	49.3%	—	44.3%	—	5.0pp
Net Margin	6.2%	—	-4.2%	—	10.4pp
EPS (Diluted)	$0.54	—	$-0.32	—	268.8%
Free Cash Flow	$44M	—	-$9M	—	601.1%

Revenue Flow

Item	Amount
REVENUE	$541M
Cost of Revenue	$274M
GROSS PROFIT	$267M
R&D Expenses	$85M
Selling & Marketing	$94M
General & Administrative	$44M
SG&A Expenses	$139M
Other Expenses	$6M
Operating Expenses	$230M
Cost & Expenses	$504M
OPERATING INCOME	$37M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$34M
Income Tax Expense	$800.0K
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$14M
EBIT	$36M
EBITDA	$50M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$541M
Cost of Revenue	$274M
GROSS PROFIT	$267M
R&D Expenses	$85M
Selling & Marketing	$94M
General & Administrative	$44M
SG&A Expenses	$139M
Other Expenses	$6M
Operating Expenses	$230M
Cost & Expenses	$504M
OPERATING INCOME	$37M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$34M
Income Tax Expense	$800.0K
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$14M
EBIT	$36M
EBITDA	$50M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$14M
Stock-Based Compensation	$14M
Deferred Income Tax	$0
Other Non-Cash Items	$4M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$51M
Capital Expenditure	-$8M
Acquisitions (Net)	$53M
Purchases of Investments	-$73M
Sales/Maturities of Investments	$20M
Other Investing Activities	-$53M
NET CASH FROM INVESTING	-$61M
Net Debt Issuance	-$6M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$12M
NET CASH FROM FINANCING	$42M
FREE CASH FLOW	$44M
Net Change in Cash	$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$81M
Short-Term Investments	$53M
Net Receivables	$69M
Inventory	$52M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$267M
PP&E (Net)	$32M
Goodwill	$116M
Intangible Assets	$10M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$160M
TOTAL ASSETS	$427M
Account Payables	$13M
Short-Term Debt	$3M
Deferred Revenue	$28M
Other Current Liabilities	$21M
TOTAL CURRENT LIABILITIES	$101M
Long-Term Debt	$0
Deferred Revenue NC	$20M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$46M
TOTAL LIABILITIES	$147M
Common Stock	$2M
Additional Paid-In Capital	$948M
Retained Earnings	-$669M
Treasury Stock	$0
Accum. Other Comp. Income	-$191.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$280M
Minority Interest	$0
TOTAL EQUITY	$280M
TOTAL LIABILITIES & EQUITY	$427M
Total Debt	$19M
Net Debt	-$62M