Calix (CALX) FY2015 results: revenue $407 million, up 1.6% on the year
Calix, Inc. (CALX) reported revenue of $407 million for fiscal 2015, the year ended 31 December 2015, up 1.6% on the year before. Net income was -$26 million, and diluted earnings per share $-0.51. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$407 million
+1.6% on the year
FY2009FY2015
Operating margin
-6.5%
-5.1% a year earlier
FY2009FY2015
Net income
-$26 million
FY2009FY2015
Diluted EPS
-$0.51
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
407
401
383
+1.6%
Cost of revenue
217
223
212
-2.9%
Gross profit
190
178
171
+7.1%
Gross margin
46.7%
44.3%
44.7%
Research and development
89.7
80.3
79.3
+11.7%
Operating income
-26.5
-20.4
-18.5
Operating margin
-6.5%
-5.1%
-4.8%
Interest expense
1.1
0.8
0.2
+41.9%
Pre-tax income
-25.8
-20.2
-17.3
Income tax
0.5
0.6
-0.0
-7.9%
Net income
-26.3
-20.8
-17.3
Net margin
-6.5%
-5.2%
-4.5%
Diluted EPS
-$0.51
-$0.41
-$0.35
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
-5.3
38.1
40.8
Capital expenditure
7.3
12.0
7.0
-39.2%
Free cash flow
-12.6
26.1
33.8
Free cash flow margin
-3.1%
6.5%
8.8%
Cash from investing
4.7
-75.4
-7.0
Cash from financing
-24.1
3.6
1.8
Depreciation and amortisation
28.8
27.8
28.7
+3.6%
Share-based compensation
13.8
16.0
19.9
-13.8%
Buybacks
27.2
0.0
0.0
Dividend per share
$0.00
$0.00
$0.00
Shares outstanding at period end
50m
52m
50m
-4.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
236
273
274
-13.5%
Debt
0.0
0.0
0.0
Other liabilities
88.1
97.6
110
-9.8%
Total liabilities and equity
324
370
384
-12.5%
Fixed assets
17.1
20.1
17.5
-14.9%
Goodwill
116
116
116
0.0%
Intangible assets
6.6
25.2
43.7
-73.7%
Investments
50.0
62.9
0.0
-20.5%
Cash and equivalents
23.6
48.8
82.7
-51.6%
Receivables
47.2
30.7
43.5
+53.4%
Inventory
47.7
46.8
51.1
+2.0%
Other assets
15.5
19.5
28.9
-20.5%
Total assets
324
370
384
-12.5%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.