Calix, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $17.9M | $-29.7M | $29.3M | $41.0M | $238.4M | $33.5M | $-17.7M | $-19.3M |
| Depreciation & Amortization | $17.7M | $19.6M | $16.6M | $14.3M | — | — | — | — |
| Depreciation | — | — | $16.6M | $14.3M | $15.0M | $13.7M | $10.3M | $9.2M |
| Amortization | — | — | — | — | — | — | — | $0 |
| Stock-Based Compensation | $87.9M | $70.8M | $62.8M | $44.8M | $24.2M | $14.0M | $11.2M | $17.5M |
| Net Cash from Operating Activities | $135.0M | $68.4M | $56.3M | $27.2M | $56.8M | $51.4M | $4.7M | $3.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $19.4M | $18.1M | $17.9M | $14.1M | $10.5M | $7.8M | $13.4M | $10.4M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-6.4M | $-109.5M | $-6.2M | $-24.1M | $-110.7M | $-60.8M | $-13.4M | $-76.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $93.6M | $10.7M | $86.4M | $0 | $0 | — | — | $0 |
| Net Cash from Financing Activities | $-28.4M | $20.9M | $-65.9M | $25.1M | $24.4M | $42.1M | $6.0M | $7.5M |
| Net Change in Cash | $99.9M | $-20.2M | $-15.7M | $27.7M | $-29.5M | $33.4M | $-2.8M | $10.5M |
| Free Cash Flow | $115.5M | $50.3M | $38.4M | $13.1M | $46.3M | $43.6M | $-8.7M | $-6.9M |