Calix (CALX) FY2014 results: revenue $401 million, up 4.9% on the year
Calix, Inc. (CALX) reported revenue of $401 million for fiscal 2014, the year ended 31 December 2014, up 4.9% on the year before. Net income was -$21 million, and diluted earnings per share $-0.41. The figures are the company's own, from the 10-K it filed with the SEC on 4 March 2015.
Revenue
$401 million
+4.9% on the year
FY2009FY2014
Operating margin
-5.1%
-4.8% a year earlier
FY2009FY2014
Net income
-$21 million
FY2009FY2014
Diluted EPS
-$0.41
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
401
383
330
+4.9%
Cost of revenue
223
212
193
+5.6%
Gross profit
178
171
138
+3.9%
Gross margin
44.3%
44.7%
41.7%
Research and development
80.3
79.3
66.7
+1.3%
Operating income
-20.4
-18.5
-29.0
Operating margin
-5.1%
-4.8%
-8.8%
Interest expense
0.8
0.2
0.2
+382.6%
Pre-tax income
-20.2
-17.3
-28.2
Income tax
0.6
-0.0
0.2
Net income
-20.8
-17.3
-28.3
Net margin
-5.2%
-4.5%
-8.6%
Diluted EPS
-$0.41
-$0.35
-$0.59
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
38.1
40.8
27.7
-6.7%
Capital expenditure
12.0
7.0
10.2
+71.2%
Free cash flow
26.1
33.8
17.5
-22.8%
Free cash flow margin
6.5%
8.8%
5.3%
Cash from investing
-75.4
-7.0
-22.2
Cash from financing
3.6
1.8
2.5
+96.6%
Depreciation and amortisation
27.8
28.7
26.3
-3.2%
Share-based compensation
16.0
19.9
17.4
-19.6%
Buybacks
0.0
0.0
n/a
Dividend per share
$0.00
$0.00
$0.00
Shares outstanding at period end
52m
50m
49m
+2.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
273
274
269
-0.5%
Debt
0.0
0.0
0.0
Other liabilities
97.6
110
109
-11.0%
Total liabilities and equity
370
384
378
-3.5%
Fixed assets
20.1
17.5
21.1
+15.3%
Goodwill
116
116
116
0.0%
Intangible assets
25.2
43.7
62.3
-42.4%
Investments
62.9
0.0
n/a
Cash and equivalents
48.8
82.7
47.0
-41.0%
Receivables
30.7
43.5
59.5
-29.4%
Inventory
46.8
51.1
43.3
-8.5%
Other assets
19.5
28.9
28.5
-32.3%
Total assets
370
384
378
-3.5%
10-K for the year ended 31 December 2014, filed 4 March 2015: the filing.