Calix, Inc. 10-Q: Equity Changes Detailed

TL;DR

**CALIX 10-Q OUT: Equity accounts show shifts in Q2 2024.**

AI Summary

Calix, Inc. filed its 10-Q for the period ending June 29, 2024, reporting on its financial performance. The filing details changes in various equity accounts, including common stock, additional paid-in capital, accumulated other comprehensive income, and retained earnings, across different reporting periods within 2023 and 2024.

Why It Matters

This filing provides investors with a detailed look at the company's equity structure and how it has evolved, which can impact stock valuation and shareholder equity.

Risk Assessment

Risk Level: low — This filing is a standard quarterly report detailing financial information and does not indicate any immediate or unusual risks.

Key Numbers

• 2024-06-29 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 2024-07-23 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• CALIX, INC (company) — Filer of the 10-Q report
• 20240629 (date) — End of the reporting period
• 20240723 (date) — Filing date of the report
• 0001406666 (company) — Central Index Key for Calix, Inc.

FAQ

Key Financial Figures

• $0.025 — ich Registered Common Stock, par value $0.025 per share CALX New York Stock Exchange
• $0 — he Registrant's common stock, par value $0.025, outstanding. Table of Contents

Filing Documents

• calx-20240629.htm (10-Q) — 1107KB
• calx_24q2ex311.htm (EX-31.1) — 11KB
• calx_24q2ex312.htm (EX-31.2) — 11KB
• calx_24q2ex321.htm (EX-32.1) — 10KB
• 0001406666-24-000030.txt ( ) — 5676KB
• calx-20240629.xsd (EX-101.SCH) — 36KB
• calx-20240629_cal.xml (EX-101.CAL) — 74KB
• calx-20240629_def.xml (EX-101.DEF) — 137KB
• calx-20240629_lab.xml (EX-101.LAB) — 518KB
• calx-20240629_pre.xml (EX-101.PRE) — 345KB
• calx-20240629_htm.xml (XML) — 751KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 4

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) 4 Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statements of Comprehensive Income (Loss) 5 Condensed Consolidated Statements of Stockholders ' Equity 6 Condensed Consolidated Statements of Cash Flows 7 Notes to Condensed Consolidated Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Overview 17 Critical Accounting Policies and Estimates 18 Results of Operations 19 Liquidity and Capital Resources 22

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 24

Controls and Procedures

Item 4. Controls and Procedures 25

OTHER INFORMATION

PART II. OTHER INFORMATION 26

Legal Proceedings

Item 1. Legal Proceedings 26

Risk Factors

Item 1A. Risk Factors 26

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 41

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 41

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 41

Other Information

Item 5. Other Information 41

Exhibits

Item 6. Exhibits 42

SIGNATURES

SIGNATURES 43 3 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

ITEM 1. Financial Statements CALIX, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except par value) June 29, 2024 December 31, 2023 (Unaudited) (See Note 1) ASSETS Current assets: Cash and cash equivalents $ 84,486 $ 63,409 Marketable securities 176,733 156,937 Accounts receivable, net 82,064 126,027 Inventory 113,484 132,985 Prepaid expenses and other current assets 113,391 118,598 Total current assets 570,158 597,956 Property and equipment, net 31,058 29,461 Right-of-use operating leases 8,250 9,262 Deferred tax assets 173,047 167,691 Goodwill 116,175 116,175 Other assets 19,208 21,320 $ 917,896 $ 941,865 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 11,697 $ 34,746 Accrued liabilities 89,145 116,227 Deferred revenue 32,298 36,669 Total current liabilities 133,140 187,642 Long-term portion of deferred revenue 21,936 24,864 Operating leases 5,859 7,421 Other long-term liabilities 2,737 2,956 Total liabilities 163,672 222,883 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 June 29, 2024 and December 31, 2023 — — Common stock, $ 0.025 par value; 100,000 shares authorized; 65,800 shares issued and outstanding as of June 29, 2024, and 65,052 shares issued and outstanding as of December 31, 2023 1,645 1,627 Additional paid-in capital 1,121,786 1,078,393 Accumulated other comprehensive loss ( 973 ) ( 659 ) Accumulated deficit ( 368,234 ) ( 360,379 ) Total stockholders' equity 754,224 718,982 $ 917,896 $ 941,865 See accompanying notes to condensed consolidated financial statements. 4 Table of Contents CALIX, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (In thousands, except per share data) (Unaudited) Three Months Ended Six Months Ended June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023 Revenue $ 198,139 $ 261,016 $ 424,449 $ 511,0

View Full Filing

View this 10-Q filing on SEC EDGAR