Calix (CALX) FY2013 results: revenue $383 million, up 15.9% on the year
Calix, Inc. (CALX) reported revenue of $383 million for fiscal 2013, the year ended 31 December 2013, up 15.9% on the year before. Net income was -$17 million, and diluted earnings per share $-0.35. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2014.
Revenue
$383 million
+15.9% on the year
FY2009FY2013
Operating margin
-4.8%
-8.8% a year earlier
FY2009FY2013
Net income
-$17 million
FY2009FY2013
Diluted EPS
-$0.35
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
383
330
345
+15.9%
Cost of revenue
212
193
225
+9.8%
Gross profit
171
138
119
+24.3%
Gross margin
44.7%
41.7%
34.7%
Research and development
79.3
66.7
67.7
+18.8%
Operating income
-18.5
-29.0
-52.3
Operating margin
-4.8%
-8.8%
-15.2%
Interest expense
0.2
0.2
0.2
-9.7%
Pre-tax income
-17.3
-28.2
-52.3
Income tax
-0.0
0.2
0.2
Net income
-17.3
-28.3
-52.5
Net margin
-4.5%
-8.6%
-15.2%
Diluted EPS
-$0.35
-$0.59
-$1.15
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
40.8
27.7
14.6
+47.5%
Capital expenditure
7.0
10.2
7.4
-31.4%
Free cash flow
33.8
17.5
7.2
+93.3%
Free cash flow margin
8.8%
5.3%
2.1%
Cash from investing
-7.0
-22.2
-36.4
Cash from financing
1.8
2.5
-5.6
-27.7%
Depreciation and amortisation
28.7
26.3
8.0
+9.2%
Share-based compensation
19.9
17.4
21.6
+14.2%
Buybacks
0.0
n/a
n/a
Dividend per share
$0.00
$0.00
n/a
Shares outstanding at period end
50m
49m
48m
+2.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
274
269
277
+1.8%
Debt
0.0
0.0
0.0
Other liabilities
110
109
80.7
+0.8%
Total liabilities and equity
384
378
358
+1.5%
Fixed assets
17.5
21.1
16.1
-17.1%
Goodwill
116
116
116
0.0%
Intangible assets
43.7
62.3
80.0
-29.8%
Investments
0.0
n/a
n/a
Cash and equivalents
82.7
47.0
38.9
+76.1%
Receivables
43.5
59.5
46.5
-26.9%
Inventory
51.1
43.3
45.2
+18.0%
Other assets
28.9
28.5
15.1
+1.2%
Total assets
384
378
358
+1.5%
10-K for the year ended 31 December 2013, filed 20 February 2014: the filing.