Calix (CALX) FY2023 results: revenue $1.0 billion, up 19.8% on the year
Calix, Inc. (CALX) reported revenue of $1.0 billion for fiscal 2023, the year ended 31 December 2023, up 19.8% on the year before. Net income was $29 million, down 28.5%, and diluted earnings per share $0.42. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$1.0 billion
+19.8% on the year
FY2016FY2023
Operating margin
2.5%
6.1% a year earlier
FY2016FY2023
Net income
$29 million
-28.5% on the year
FY2016FY2023
Diluted EPS
$0.42
-30.0% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
56.3
27.2
56.8
+106.9%
Capital expenditure
17.9
14.1
10.5
+26.9%
Free cash flow
38.4
13.1
46.3
+192.7%
Free cash flow margin
3.7%
1.5%
6.8%
Cash from investing
-6.2
-24.1
-111
Cash from financing
-65.9
25.1
24.4
Depreciation and amortisation
16.6
14.3
n/a
+16.2%
Share-based compensation
62.8
44.8
24.2
+40.0%
Buybacks
86.4
0.0
0.0
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
69m
69m
68m
+0.6%
Shares outstanding at period end
65m
66m
64m
-1.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
719
680
568
+5.8%
Debt
0.0
0.0
0.0
Operating lease liabilities
7.4
8.4
12.4
-12.1%
Other liabilities
215
197
161
+9.5%
Total liabilities and equity
942
885
742
+6.4%
Fixed assets
29.5
25.8
21.8
+14.0%
Goodwill
116
116
116
0.0%
Intangible assets
n/a
4.3
6.9
Securities held for sale or to maturity
n/a
n/a
153
Cash and equivalents
63.4
79.1
51.3
-19.8%
Receivables
126
93.8
85.2
+34.4%
Inventory
133
149
88.9
-10.8%
Other assets
474
417
219
+13.7%
Total assets
942
885
742
+6.4%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.