Calix, inc (CALX)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'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'11Mar'11
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-6,944

497

-3,379

-5,045

-9,767

-5,578

-

809

-2,793

-11,736

-12,866

-17,853

-18,988

-33,325

-11,483

636

-5,826

-10,729

-9,546

922

-5,779

-11,930

-2,988

-3,848

-3,951

-10,027

-6,453

544

-5,153

-6,203

-6,574

-7,140

-7,091

-7,521

-5,214

-6,934

-17,646

-22,756

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Stock-based compensation

2,984

2,705

2,762

2,569

3,145

9,673

-

2,499

2,544

2,757

3,054

2,996

2,778

3,540

3,919

4,677

2,968

2,721

3,212

2,590

4,341

3,662

3,898

3,813

4,404

3,902

4,956

4,971

5,275

4,719

4,476

4,307

4,339

4,315

4,366

3,796

5,324

8,117

Depreciation and amortization

3,544

2,909

2,763

2,363

2,281

2,095

-

2,150

2,319

2,623

3,359

2,703

2,466

2,463

2,037

2,151

2,176

1,955

2,660

2,624

2,498

2,480

2,491

2,250

2,251

2,271

2,414

2,404

2,509

2,854

2,211

2,222

2,169

1,960

-

-

-

-

Loss on asset retirements

0

-12

-2,486

-43

-95

-15

-

-64

-3

-244

-132

-68

0

-80

0

0

0

0

-10

-9

5

-10

-9

-41

0

0

-5

-4

-18

-542

-

-

-

-

-

-

-

-

Loss on retirement of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-84

0

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,617

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

0

0

813

814

813

814

3,364

4,641

4,640

4,640

4,640

4,640

4,641

4,640

4,640

4,640

4,641

4,640

4,640

4,640

4,640

4,640

3,827

4,595

5,358

5,983

2,185

Amortization of premium (discount) relating to available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-45

-104

-119

-114

-164

-202

-254

-287

-272

-194

-108

0

-

-

-

-

-

-

-

-

-15

-45

-76

-108

Gain on sale of product line

-

-

-

-

-

0

-

0

0

6,704

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-295

0

0

0

0

-

-

-

-

0

0

0

-754

-

-

-

0

Accounts receivable, net

20,627

-2,023

-11,654

4,983

-11,823

-645

-

-1,865

13,789

-25,137

36,165

-9,165

-10,796

12,852

-5,919

8,141

5,314

-3,351

-1,032

6,203

2,984

8,256

-12,037

-4,548

3,195

614

-10,901

-8,305

-7,991

11,198

3,652

703

7,820

836

-1,393

-10,039

1,887

-4,177

Inventory

-9,614

-6,203

996

-1,866

-2,925

19,884

-

10,279

-7,073

-2,451

-4,792

-3,251

-6,966

1,993

4,355

-571

-366

-6,540

3,898

3,059

73

-6,115

2,907

-2,043

828

-6,011

10,044

1,974

-1,830

-4,050

3,547

-3,446

-3,758

-7,651

1,077

5,663

-10,891

-4,406

Deferred cost of revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,906

2,704

-810

1,920

1,714

-478

-3,318

-6,254

-4,623

-1,886

-3,233

-5,750

-2,242

2,651

5,340

4,316

4,665

3,117

1,281

-1,234

-1,903

981

2,083

Prepaid expenses and other assets

-758

433

1,327

-3,632

1,935

-4,119

-

-526

-1,455

2,521

-23,626

-17,071

-1,172

6,659

24,984

7,452

-1,970

576

1,292

-3,116

909

-1,974

5,593

1,275

56

-1,016

-1,001

-1,543

2,083

-74

444

-357

489

-623

-2,143

1,045

2,405

-1,159

Accounts payable

9,472

-13,393

-13,371

3,673

-6,349

9,692

-

5,219

7,556

-17,871

6,216

1,812

3,455

276

4,592

5,503

2,600

-8,459

2,820

-1,750

5,745

-10,836

10,371

409

1,963

-12,276

5,090

1,359

3,041

-3,131

368

-3,811

6,114

-117

2,308

1,010

-5,068

-6,068

Accrued liabilities

1,367

879

7,599

-8,700

-1,614

-861

-

6,241

-1,784

-805

-10,052

-13,094

-4,148

7,110

20,939

4,962

541

8,471

-2,726

1,834

-2,943

54

1,920

2,919

116

2,485

-2,993

-1,688

-18

482

1,229

410

-2,215

-293

-3,236

-179

-5,039

8,068

Deferred revenue

2,071

-196

-626

2,504

719

-1,824

-

-782

314

866

-15,680

-13,550

-2,341

17,201

12,015

4,060

2,518

-2,195

890

2,300

39

-3,651

-6,787

-6,084

-2,496

-5,811

-10,106

-7,699

5,552

10,449

9,648

7,588

4,402

4,765

-3,019

-3,338

5,366

3,772

Other long-term liabilities

-990

-586

-280

-800

-1,696

248

-

-414

247

-264

250

240

-141

-103

-99

-106

-109

-98

-196

-32

-76

-59

-84

785

-132

-56

-176

-73

-131

442

-149

-119

-184

-330

-134

74

-245

-8

Net cash provided by (used in) operating activities

1,249

620

7,285

-2,878

-373

-1,660

-

7,898

3,145

-5,823

-34,147

-7,191

2,020

-23,454

19,159

-128

119

5,269

-4,149

5,479

5,226

-11,897

23,533

15,058

4,710

-5,226

4,011

13,607

20,820

2,380

2,861

6,710

4,590

13,517

5,850

7,813

-1,768

2,694

Investing activities:
Purchases of property and equipment

1,729

969

2,846

4,499

5,039

4,865

-

2,606

1,080

1,875

1,240

2,071

2,609

2,106

4,475

2,286

1,625

1,453

1,335

2,325

1,876

1,742

2,480

5,153

2,420

1,908

1,512

2,210

1,939

1,326

2,300

1,583

3,284

3,012

1,084

1,763

2,786

1,722

Purchases of marketable securities

-

-

-

-

-

-

-

-

-

-

0

0

0

8,732

16,478

0

0

0

13,252

21,479

8,267

17,004

18,342

2,784

46,572

0

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of marketable securities

-

-

-

-

-

-

-

-

-

-

6,600

6,325

7,250

11,266

18,230

8,500

4,650

7,020

20,680

23,433

16,382

11,450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of product line

-

-

-

-

-

0

-

0

0

10,350

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

2,000

6,850

0

22,905

Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

21

60,788

Net cash used in investing activities

-1,729

-969

-2,846

-4,499

-5,039

-4,865

-

-2,606

-1,080

8,475

5,360

4,254

9,692

428

-2,723

6,214

3,025

5,567

6,093

-371

6,239

-7,296

-17,222

-7,322

-48,992

-1,908

-1,512

-2,210

-1,939

-1,326

-14,300

-1,583

-3,284

-3,012

916

5,087

-2,807

-39,605

Financing activities:
Proceeds from exercise of stock options

1,099

116

0

36

290

305

-

28

43

8

33

0

16

13

3

0

0

14

13

35

26

564

1,239

290

118

21

76

383

246

42

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

72

38

99

513

154

Payments for repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

12,809

16,053

7,747

3,377

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid for awards vested under equity incentive plan

0

1

10

129

27

21

-

46

2

5

21

113

1,537

1,093

314

240

1,296

251

259

583

1,004

506

215

1,128

904

473

1,339

1,790

312

0

-

-

-

-

-

-

-

-

Payments related to financing arrangements

842

735

735

614

653

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from line of credit

30,000

30,000

24,300

59,000

30,000

153,152

-

116,699

124,826

163,238

102,734

68,534

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of line of credit

30,000

24,300

25,000

64,000

30,000

153,152

-

116,699

124,826

163,238

102,734

38,534

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to originate the line of credit

177

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

80

9,356

-1,445

-1,550

-390

3,775

-

-163

3,877

3

4,217

29,701

-848

-1,080

2,434

-240

1,609

-13,046

-14,414

-8,295

-1,490

58

3,198

-838

1,667

-452

1,086

-1,708

2,398

42

1,013

-807

2,235

72

1,911

-1,353

-6,346

154

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-240

264

-378

-198

223

-9

-

-271

-395

198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

126

112

65

-275

-127

-73

-51

-98

-291

79

-76

-79

-42

-11

8

38

56

41

-32

-1

17

-18

47

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash

-640

9,271

2,616

-9,125

-5,579

-2,759

-

4,858

5,547

2,853

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

26,890

10,976

-24,041

-

5,719

4,680

-2,261

-12,568

-3,478

10,054

-19,211

9,430

6,856

-42,626

-7,578

3,623

9,745

21,320

1,064

-10,427

4,337

3,523

10,624

8,689

11,589

-10,887

-36,757

Non-cash investing activities:
Value of common stock issued in acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

117,258

Fair value of equity awards assumed in connection with acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,370