Calix, inc (CALX)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

46,189

46,829

37,558

34,942

44,067

49,646

53,033

48,175

42,628

39,775

64,184

37,294

26,318

50,359

31,764

26,045

21,365

23,626

36,194

39,672

29,618

48,829

39,399

32,543

75,169

82,747

79,124

69,379

48,059

46,995

57,422

53,085

49,562

38,938

30,249

18,660

66,304

Restricted cash

628

628

628

628

628

628

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable securities

-

-

-

-

-

-

-

-

-

-

6,598

12,915

25,215

27,748

29,554

38,167

42,895

49,964

57,659

59,785

68,157

62,850

48,400

46,439

-

0

-

-

-

-

-

-

-

-

2,014

8,911

32,020

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

295

295

295

295

295

972

-

-

0

0

-

-

754

1,054

1,054

-

Accounts Receivable, after Allowance for Credit Loss, Current

67,136

46,509

48,532

60,186

55,202

67,026

67,671

69,535

55,746

80,392

44,227

53,392

64,188

51,336

57,256

49,118

43,804

47,155

48,188

41,985

39,000

30,744

42,781

47,330

44,134

43,520

54,421

62,726

70,717

59,519

56,392

56,391

48,140

46,508

47,901

57,940

43,377

Inventory

30,539

40,153

46,355

45,360

47,226

50,151

30,267

19,988

27,061

31,529

36,321

39,572

46,538

44,545

40,190

40,761

41,127

47,667

43,769

40,710

40,637

46,753

43,845

45,888

45,060

51,071

39,376

37,402

39,232

43,282

30,175

33,243

37,157

45,229

44,152

38,489

24,557

Deferred cost of revenue

-

-

-

-

-

-

-

-

-

-

22,859

40,094

40,454

34,763

14,718

6,812

4,108

4,918

2,998

1,284

1,762

5,080

11,334

15,957

17,843

21,076

26,826

29,068

26,417

21,077

16,960

12,673

9,400

7,698

8,932

10,835

7,771

Prepaid expenses and other current assets

11,223

9,698

8,787

7,094

9,961

7,306

10,640

11,059

12,551

10,759

11,504

11,112

11,911

10,571

15,700

8,139

9,972

9,470

8,311

11,457

10,779

12,936

6,469

5,038

4,869

5,757

6,656

8,126

6,063

5,677

4,383

4,597

3,950

4,429

6,493

-

3,245

Prepaids and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,340

-

Total current assets

155,715

143,817

141,860

148,210

157,084

174,757

161,611

148,757

137,986

162,455

185,693

194,379

214,624

219,322

189,182

169,042

163,271

182,800

197,119

194,893

189,953

207,487

192,523

193,490

187,370

204,466

207,375

206,701

190,488

176,550

165,332

159,989

148,209

143,556

140,795

141,229

177,274

Property and equipment, net

20,402

21,527

28,387

29,105

26,372

24,945

21,252

15,557

14,808

15,681

16,997

17,959

18,144

17,984

16,017

15,648

16,515

17,149

18,484

18,790

19,403

20,144

20,159

17,289

17,122

17,473

18,379

18,547

19,013

21,083

17,381

18,195

17,182

16,130

17,222

18,206

11,815

Right-of-use operating leases

15,212

15,864

15,801

16,422

17,062

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

116,175

65,576

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,618

-

-

-

25,179

-

-

-

43,740

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

0

0

-

1,627

2,440

3,254

-

11,259

15,899

20,539

-

29,820

34,460

39,100

-

48,380

53,021

57,661

62,301

66,941

71,581

76,221

80,048

84,643

90,001

515

Other assets

16,550

19,440

14,288

1,336

1,459

1,203

1,987

1,981

1,943

759

777

811

816

1,994

937

1,075

1,202

1,144

1,091

1,241

1,113

1,236

1,346

1,503

1,618

1,745

1,827

1,591

1,694

1,788

1,774

1,892

2,050

2,194

2,273

2,381

2,376

Total assets

324,054

316,823

316,511

311,248

318,152

317,080

301,025

282,470

270,912

295,070

319,642

329,324

349,759

355,475

323,938

304,380

300,417

323,886

344,128

346,998

347,183

370,221

360,023

362,917

361,385

383,599

392,136

396,035

385,031

377,897

367,603

367,832

359,837

358,103

361,108

367,992

257,556

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

20,464

10,789

24,151

37,522

34,326

40,209

32,792

26,112

17,836

35,977

29,576

27,840

24,520

23,827

19,340

13,802

11,144

19,603

16,784

18,538

12,792

23,629

13,258

12,850

10,887

23,163

18,073

16,714

13,673

16,804

16,436

20,247

14,133

14,250

11,942

10,932

10,268

Accrued liabilities

57,975

57,546

57,060

47,657

55,343

57,869

57,052

47,445

48,783

49,279

59,401

72,662

77,015

69,715

49,019

43,930

43,801

35,512

38,280

36,545

39,447

39,443

37,579

34,689

34,570

32,075

35,034

36,664

36,673

36,176

34,137

33,706

35,921

36,214

39,450

39,629

25,987

Deferred revenue

19,912

17,158

18,101

18,528

15,564

15,600

16,813

-

-

13,076

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

17,205

14,676

-

28,228

41,847

44,416

27,854

16,226

12,367

9,802

12,124

11,414

9,132

9,036

12,722

20,095

26,346

29,013

34,862

45,202

53,763

48,629

39,315

30,674

24,152

19,685

15,347

19,448

23,081

14,062

Line of credit

30,000

30,000

24,300

25,000

30,000

30,000

30,000

30,000

30,000

30,000

30,000

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

128,351

115,493

123,612

128,707

135,233

143,678

136,657

120,762

111,295

128,332

147,205

142,349

145,951

121,396

84,585

70,099

64,747

67,239

66,478

64,215

61,275

75,794

70,932

73,885

74,470

90,100

98,309

107,141

98,975

92,295

81,247

78,105

69,739

65,811

70,840

73,642

50,317

Long-term portion of deferred revenue

17,656

18,340

17,593

17,792

18,252

17,496

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Lease, Liability, Noncurrent

13,642

14,337

14,407

15,045

15,692

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term portion of deferred revenue

-

-

-

-

-

-

18,108

18,497

20,712

20,645

21,173

21,104

20,876

20,237

19,850

19,649

19,696

19,569

19,390

19,371

19,428

19,393

18,807

18,640

18,469

18,431

18,197

17,335

16,917

15,782

15,299

14,936

14,570

13,347

12,265

11,970

10,985

Other long-term liabilities

13,490

14,625

14,749

2,498

3,134

3,972

2,186

2,051

866

1,130

881

638

775

878

979

1,085

1,196

1,293

1,700

1,903

2,091

2,443

1,743

958

1,090

1,145

1,321

1,394

1,525

745

896

1,014

1,198

1,528

1,662

1,588

951

Total liabilities

173,139

162,795

170,361

164,042

172,311

165,146

156,951

141,310

132,873

150,107

169,259

164,091

167,602

142,511

105,414

90,833

85,639

88,101

87,568

85,489

82,794

97,630

91,482

93,483

94,029

109,676

117,827

125,870

117,417

108,822

97,442

94,055

85,507

80,686

84,767

87,200

62,253

Commitments and contingencies (See Note 6)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity:
Preferred stock, $0.025 par value; 5,000 shares authorized; no shares issued and outstanding as of March 28, 2020 and December 31, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.025 par value; 100,000 shares authorized; 61,958 shares issued and 56,628 shares outstanding as of March 28, 2020, and 61,778 shares issued and 56,448 shares outstanding as of December 31, 2019

1,549

1,545

1,521

1,520

1,488

1,482

1,462

1,460

1,426

1,421

1,393

1,390

1,374

1,368

1,353

1,351

1,328

1,326

1,316

1,313

1,295

1,291

1,280

1,273

1,258

1,256

1,244

1,238

1,222

1,222

1,210

1,205

1,196

1,195

1,182

1,167

968

Additional paid-in capital

899,978

895,899

888,828

886,076

879,475

876,073

862,642

860,196

853,809

851,054

843,811

840,931

839,018

836,563

830,225

825,790

821,236

818,754

813,776

811,737

805,525

801,810

794,724

791,756

785,700

782,253

776,209

772,650

764,992

760,232

754,755

751,260

744,695

740,309

734,045

731,617

605,939

Accumulated other comprehensive loss

-1,106

-854

-1,140

-710

-487

-753

-740

-397

110

-169

-344

-464

-599

-656

-226

-130

-148

-195

-31

135

89

80

139

159

201

190

179

144

114

132

133

109

145

98

85

45

31

Accumulated deficit

-709,520

-702,576

-703,073

-699,694

-694,649

-684,882

-679,304

-680,113

-677,320

-667,357

-654,491

-636,638

-617,650

-584,325

-572,842

-573,478

-567,652

-556,923

-547,377

-548,299

-542,520

-530,590

-527,602

-523,754

-519,803

-509,776

-503,323

-503,867

-498,714

-492,511

-485,937

-478,797

-471,706

-464,185

-458,971

-452,037

-411,635

Treasury stock, 5,330 shares as of March 28, 2020 and December 31, 2019

39,986

39,986

39,986

39,986

39,986

39,986

39,986

39,986

39,986

39,986

39,986

39,986

39,986

39,986

39,986

39,986

39,986

27,177

11,124

3,377

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders’ equity

150,915

154,028

146,150

147,206

145,841

151,934

144,074

141,160

138,039

144,963

150,383

165,233

182,157

212,964

218,524

213,547

214,778

235,785

256,560

261,509

264,389

272,591

268,541

269,434

267,356

273,923

274,309

270,165

267,614

269,075

270,161

273,777

274,330

277,417

276,341

280,792

195,303

Total liabilities and stockholders’ equity

324,054

316,823

316,511

311,248

318,152

317,080

301,025

282,470

270,912

295,070

319,642

329,324

349,759

355,475

323,938

304,380

300,417

323,886

344,128

346,998

347,183

370,221

360,023

362,917

361,385

383,599

392,136

396,035

385,031

377,897

367,603

367,832

359,837

358,103

361,108

367,992

257,556