Calix (CALX) FY2021 results: revenue $679 million, up 25.5% on the year
Calix, Inc. (CALX) reported revenue of $679 million for fiscal 2021, the year ended 31 December 2021, up 25.5% on the year before. Net income was $238 million, up 611.9%, and diluted earnings per share $3.51. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$679 million
+25.5% on the year
FY2014FY2021
Operating margin
10.9%
6.8% a year earlier
FY2014FY2021
Net income
$238 million
+611.9% on the year
FY2014FY2021
Diluted EPS
$3.51
+550.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
56.8
51.4
4.7
+10.5%
Capital expenditure
10.5
7.8
13.4
+33.8%
Free cash flow
46.3
43.6
-8.7
+6.3%
Free cash flow margin
6.8%
8.1%
-2.1%
Cash from investing
-111
-60.8
-13.4
Cash from financing
24.4
42.1
6.0
-42.1%
Share-based compensation
24.2
14.0
11.2
+73.6%
Buybacks
0.0
n/a
n/a
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
68m
62m
55m
+9.4%
Shares outstanding at period end
64m
62m
56m
+3.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
568
280
154
+102.8%
Debt
0.0
0.0
n/a
Operating lease liabilities
12.4
12.9
14.3
-4.4%
Other liabilities
161
134
148
+20.2%
Total liabilities and equity
742
427
317
+73.6%
Fixed assets
21.8
20.4
21.5
+6.9%
Goodwill
116
116
116
0.0%
Intangible assets
6.9
9.5
12.1
-27.7%
Securities held for sale or to maturity
153
53.0
0.0
+188.8%
Cash and equivalents
51.3
80.8
46.8
-36.5%
Receivables
85.2
69.4
46.5
+22.8%
Inventory
88.9
52.3
40.2
+70.0%
Other assets
219
25.8
33.5
+747.8%
Total assets
742
427
317
+73.6%
10-K for the year ended 31 December 2021, filed 21 February 2023: the filing.