Calix (CALX) FY2016 results: revenue $459 million, up 12.6% on the year
Calix, Inc. (CALX) reported revenue of $459 million for fiscal 2016, the year ended 31 December 2016, up 12.6% on the year before. Net income was -$27 million, and diluted earnings per share $-0.56. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$459 million
+12.6% on the year
FY2009FY2016
Operating margin
-6.1%
-6.5% a year earlier
FY2009FY2016
Net income
-$27 million
FY2009FY2016
Diluted EPS
-$0.56
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
459
407
401
+12.6%
Cost of revenue
258
217
223
+18.7%
Gross profit
201
190
178
+5.7%
Gross margin
43.9%
46.7%
44.3%
Research and development
107
89.7
80.3
+19.1%
Operating income
-28.1
-26.5
-20.4
Operating margin
-6.1%
-6.5%
-5.1%
Interest expense
0.6
1.1
0.8
-48.9%
Pre-tax income
-27.1
-25.8
-20.2
Income tax
0.3
0.5
0.6
-35.1%
Net income
-27.4
-26.3
-20.8
Net margin
-6.0%
-6.5%
-5.2%
Diluted EPS
-$0.56
-$0.51
-$0.41
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
24.4
-5.3
38.1
Capital expenditure
9.8
7.3
12.0
+35.2%
Free cash flow
14.6
-12.6
26.1
Free cash flow margin
3.2%
-3.1%
6.5%
Cash from investing
12.1
4.7
-75.4
+159.0%
Cash from financing
-9.2
-24.1
3.6
Depreciation and amortisation
14.1
28.8
27.8
-51.0%
Share-based compensation
14.3
13.8
16.0
+3.5%
Buybacks
12.8
27.2
0.0
-52.9%
Dividend per share
$0.00
$0.00
$0.00
Shares outstanding at period end
49m
50m
52m
-0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
213
236
273
-9.7%
Debt
0.0
0.0
0.0
Other liabilities
143
88.1
97.6
+61.8%
Total liabilities and equity
355
324
370
+9.8%
Fixed assets
18.0
17.1
20.1
+4.9%
Goodwill
116
116
116
0.0%
Intangible assets
0.8
6.6
25.2
-87.7%
Investments
27.7
50.0
62.9
-44.5%
Cash and equivalents
50.4
23.6
48.8
+113.2%
Receivables
51.3
47.2
30.7
+8.9%
Inventory
44.5
47.7
46.8
-6.5%
Other assets
46.5
15.5
19.5
+199.5%
Total assets
355
324
370
+9.8%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.