Calix, Inc. (CALX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 14.63M | 46.05M | 32.31M | 39.38M | 17.21M | 15.36M | 16M | 22.35M | 14.69M | 14.92M | 15.75M | 17.46M | 8.11M | 6.11M | 6.71M | 7M | 7.37M | 12.62M | 10.82M | 23.46M |
| Operating CF Margin % | 5.23% | 16.9% | 12.17% | 16.28% | 7.81% | 7.45% | 7.96% | 11.28% | 6.49% | 5.64% | 5.97% | 6.69% | 3.24% | 2.5% | 2.84% | 3.46% | 3.98% | 7.15% | 6.28% | 13.91% |
| Operating CF Growth % | -14.98% | 199.72% | 101.98% | 76.22% | 17.16% | 2.94% | 1.57% | 27.96% | 81.1% | 144.46% | 134.6% | 149.52% | 10.14% | -51.62% | -37.94% | -70.17% | -25.59% | -58.59% | -36.37% | 773.38% |
| Net Income | 11.21M | 7.21M | 15.66M | -199K | -4.79M | -17.92M | -3.97M | -7.96M | 103K | -6.6M | 16.95M | 9.37M | 9.6M | 11.93M | 13.44M | 7.52M | 8.12M | 19.88M | 177.42M | 20.46M |
| Depreciation & Amortization | 4.38M | 4.4M | 4.7M | 4.34M | 4.27M | 4.75M | 4.82M | 5.12M | 4.87M | 4.45M | 4.27M | 4.19M | 3.72M | 3.48M | 3.17M | 3.73M | 3.94M | 3.66M | 3.61M | 3.66M |
| Stock-Based Compensation | 20.61M | 21.95M | 20.62M | 25.61M | 19.75M | 22.07M | 16.37M | 15.46M | 16.86M | 12.68M | 16.03M | 17.84M | 16.22M | 13.32M | 11.03M | 10.01M | 10.47M | 6.17M | 6.66M | 6.22M |
| Deferred Taxes | 1.27M | 4.13M | 10.06M | 174K | -1.46M | 451K | -5.14M | -2.84M | -2.45M | -4.95M | 3.41M | 1.56M | -681K | -3.29M | 4.19M | 757K | 277K | 0 | -162M | 0 |
| Other Non-Cash Items | -435K | -696K | -864K | -993K | -1.14M | -1.33M | -1.24M | -1.31M | -1.41M | -1.08M | -1.22M | -1.19M | -708K | -613K | -533K | 0 | 0 | -6.43M | 0 | 0 |
| Working Capital Changes | -22.4M | 9.04M | -17.86M | 10.45M | 586K | 7.34M | 5.16M | 13.87M | -3.28M | 10.43M | -23.68M | -14.32M | -20.04M | -18.72M | -24.58M | -15.02M | -15.44M | -10.67M | -14.89M | -6.88M |
| Change in Receivables | -17.41M | -11.9M | -24.39M | 12.44M | 3.81M | 5.95M | -3.21M | 18.24M | 25.72M | -45.37M | 16.32M | -4.77M | 1.59M | 6.72M | -14.4M | 1.82M | -2.73M | 6.71M | -11.77M | -5.76M |
| Change in Inventory | -20.89M | -25.75M | 2.54M | -9.69M | 1.89M | -2.12M | 12.88M | 6.3M | 13.2M | 17.05M | 3.36M | 3.12M | -7.35M | -8.04M | -42.79M | 6.69M | -16.14M | -13.71M | 1.97M | -4.92M |
| Change in Payables | 26.24M | 21.58M | -2.35M | -1.2M | 3.49M | -3.33M | 11.62M | -7.45M | -15.97M | 13.39M | -13.45M | -406K | -5.9M | -24.06M | 42.23M | -14.25M | 8.19M | -2.29M | -3.61M | 5.76M |
| Cash from Investing | 47.85M | -5.48M | -26.77M | 14.89M | 10.99M | -33.6M | -48.91M | -30.3M | 3.28M | -44.73M | 57.26M | -15.49M | -3.28M | -6.87M | 10.48M | -7.55M | -20.15M | -27.88M | -14.57M | -54.74M |
| Capital Expenditures | -8.12M | -5.76M | -5.63M | -3.73M | -4.31M | -5.15M | -3.24M | -5.95M | -3.71M | -3.97M | -3.78M | -5.49M | -4.62M | -4.81M | -3.39M | -2.63M | -3.23M | -3.19M | -3.34M | -1.65M |
| CapEx % of Revenue | 2.9% | 2.12% | 2.12% | 1.54% | 1.96% | 2.5% | 1.61% | 3% | 1.64% | 1.5% | 1.43% | 2.1% | 1.85% | 1.97% | 1.44% | 1.3% | 1.75% | 1.81% | 1.94% | 0.98% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -61.03M | 10.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61.03M | -10.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -150.87M | 7.75M | 13.14M | -20.2M | -29.13M | -798K | 10.6M | 4.02M | 7.08M | -42.62M | -27.51M | -6.03M | 10.22M | 4.56M | 6.61M | 8.01M | 5.89M | 6.34M | 5.42M | 3.99M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.12M | -3.47M | -3.02M | -1.07M | -1.4M | -363K | -495K | -137K | -518K | -511K | -212K |
| Equity Issued (Net) | -150.87M | 7.75M | -3.48M | -20.2M | -39.97M | -6.96M | 10.6M | 4.02M | -3.74M | -38.5M | -24.03M | -3M | 11.29M | 5.96M | 6.97M | 8.5M | 6.02M | 6.86M | 5.93M | 4.2M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -170.87M | -16.62M | -3.48M | -33.56M | -39.97M | -6.96M | 0 | 0 | -3.74M | -43.99M | -32.41M | -8.82M | -1.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 16.62M | 0 | 10.85M | 6.16M | 0 | 0 | 10.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | -88.48M | 48.07M | 18.47M | 34.24M | -862K | -19.2M | -22.13M | -3.93M | 25.01M | -72.27M | 45.49M | -4M | 15.11M | 3.9M | 23.66M | 7.15M | -6.96M | -8.88M | 1.63M | -27.26M |
| Free Cash Flow | 6.52M | 40.28M | 26.69M | 35.65M | 12.9M | 10.21M | 12.76M | 16.39M | 10.98M | 10.95M | 11.97M | 11.97M | 3.49M | 1.3M | 3.32M | 4.36M | 4.13M | 9.43M | 7.47M | 21.8M |
| FCF Margin % | 2.33% | 14.78% | 10.05% | 14.74% | 5.86% | 4.96% | 6.35% | 8.27% | 4.85% | 4.14% | 4.54% | 4.59% | 1.4% | 0.53% | 1.4% | 2.16% | 2.24% | 5.34% | 4.34% | 12.93% |
| FCF Growth % | -49.5% | 294.37% | 109.24% | 117.42% | 17.48% | -6.74% | 6.51% | 36.91% | 214.31% | 743.76% | 260.69% | 174.4% | -15.48% | -86.23% | -55.59% | -79.99% | -45.78% | -66.66% | -52.88% | 33646.15% |
| FCF per Share | 0.10 | 0.57 | 0.41 | 0.55 | 0.20 | 0.16 | 0.19 | 0.25 | 0.16 | 0.17 | 0.17 | 0.17 | 0.05 | 0.02 | 0.05 | 0.06 | 0.06 | 0.14 | 0.11 | 0.32 |
| FCF Conversion (FCF/Net Income) | 1.31x | 6.38x | 2.06x | -197.89x | -3.60x | -0.86x | -4.03x | -2.81x | 142.63x | -2.26x | 0.93x | 1.86x | 0.85x | 0.51x | 0.50x | 0.93x | 0.91x | 0.63x | 0.06x | 1.15x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |