Calix (CALX) FY2022 results: revenue $868 million, up 27.7% on the year
Calix, Inc. (CALX) reported revenue of $868 million for fiscal 2022, the year ended 31 December 2022, up 27.7% on the year before. Net income was $41 million, down 82.8%, and diluted earnings per share $0.60. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$868 million
+27.7% on the year
FY2015FY2022
Operating margin
6.1%
10.9% a year earlier
FY2015FY2022
Net income
$41 million
-82.8% on the year
FY2015FY2022
Diluted EPS
$0.60
-82.9% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
27.2
56.8
51.4
-52.1%
Capital expenditure
14.1
10.5
7.8
+34.4%
Free cash flow
13.1
46.3
43.6
-71.7%
Free cash flow margin
1.5%
6.8%
8.1%
Cash from investing
-24.1
-111
-60.8
Cash from financing
25.1
24.4
42.1
+2.8%
Depreciation and amortisation
14.3
n/a
n/a
Share-based compensation
44.8
24.2
14.0
+85.0%
Buybacks
0.0
0.0
n/a
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
69m
68m
62m
+1.6%
Shares outstanding at period end
66m
64m
62m
+2.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
680
568
280
+19.6%
Debt
0.0
0.0
0.0
Operating lease liabilities
8.4
12.4
12.9
-31.8%
Other liabilities
197
161
134
+22.1%
Total liabilities and equity
885
742
427
+19.2%
Fixed assets
25.8
21.8
20.4
+18.6%
Goodwill
116
116
116
0.0%
Intangible assets
4.3
6.9
9.5
-38.2%
Securities held for sale or to maturity
n/a
153
53.0
Cash and equivalents
79.1
51.3
80.8
+54.0%
Receivables
93.8
85.2
69.4
+10.1%
Inventory
149
88.9
52.3
+67.8%
Other assets
417
219
25.8
+90.4%
Total assets
885
742
427
+19.2%
10-K for the year ended 31 December 2022, filed 21 February 2023: the filing.