Calix (CALX) FY2017 results: revenue $510 million, up 11.2% on the year
Calix, Inc. (CALX) reported revenue of $510 million for fiscal 2017, the year ended 31 December 2017, up 11.2% on the year before. Net income was -$83 million, and diluted earnings per share $-1.66. The figures are the company's own, from the 10-K it filed with the SEC on 14 March 2018.
Revenue
$510 million
+11.2% on the year
FY2010FY2017
Operating margin
-16.0%
-6.1% a year earlier
FY2010FY2017
Net income
-$83 million
FY2010FY2017
Diluted EPS
-$1.66
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
510
459
407
+11.2%
Cost of revenue
337
258
217
+31.0%
Gross profit
173
201
190
-14.1%
Gross margin
33.9%
43.9%
46.7%
Research and development
128
107
89.7
+19.3%
Operating income
-81.6
-28.1
-26.5
Operating margin
-16.0%
-6.1%
-6.5%
Interest expense
n/a
0.6
1.1
Pre-tax income
-81.8
-27.1
-25.8
Income tax
1.2
0.3
0.5
+258.2%
Net income
-83.0
-27.4
-26.3
Net margin
-16.3%
-6.0%
-6.5%
Diluted EPS
-$1.66
-$0.56
-$0.51
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-62.8
24.4
-5.3
Capital expenditure
8.0
9.8
7.3
-18.4%
Free cash flow
-70.8
14.6
-12.6
Free cash flow margin
-13.9%
3.2%
-3.1%
Cash from investing
19.7
12.1
4.7
+63.3%
Cash from financing
32.0
-9.2
-24.1
Depreciation and amortisation
11.0
14.1
28.8
-22.2%
Share-based compensation
12.4
14.3
13.8
-13.4%
Buybacks
0.0
12.8
27.2
Dividend per share
$0.00
$0.00
$0.00
Shares outstanding at period end
52m
49m
50m
+4.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
145
213
236
-31.9%
Debt
30.0
0.0
0.0
Other liabilities
120
143
88.1
-15.7%
Total liabilities and equity
295
355
324
-17.0%
Fixed assets
15.7
18.0
17.1
-12.8%
Goodwill
116
116
116
0.0%
Intangible assets
n/a
0.8
6.6
Investments
0.0
27.7
50.0
Cash and equivalents
39.8
50.4
23.6
-21.0%
Receivables
80.4
51.3
47.2
+56.6%
Inventory
31.5
44.5
47.7
-29.2%
Other assets
11.5
46.5
15.5
-75.2%
Total assets
295
355
324
-17.0%
10-K for the year ended 31 December 2017, filed 14 March 2018: the filing.