Calix Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	17.88	-29.75	29.33	41.01	238.38
Depreciation & Amortization	17.71	19.55	16.63	14.32	15.01
Loss (Gain) From Sale of Investments	-3.7	-5.29	-4.2	-1.15	-
Stock-Based Compensation	87.93	70.76	62.77	44.83	24.23
Other Operating Activities	11.85	-9.97	-0.66	1.93	-168.43
Change in Accounts Receivable	-20.05	46.71	-32.22	-8.59	-15.8
Change in Inventory	-31.01	30.26	16.18	-60.28	-36.61
Change in Accounts Payable	21.51	-15.14	-6.37	12.11	16.03
Change in Unearned Revenue	2.64	-13.9	2.92	9.12	10.4
Change in Other Net Operating Assets	30.18	-24.84	-28.12	-26.12	-26.41
Operating Cash Flow	134.95	68.4	56.25	27.18	56.79
Operating Cash Flow Growth	97.30%	21.60%	106.93%	-52.14%	10.47%
Capital Expenditures	-19.44	-18.05	-17.86	-14.07	-10.46
Investment in Securities	13.06	-91.48	11.61	-10.02	-100.2
Investing Cash Flow	-6.37	-109.53	-6.25	-24.08	-110.66
Long-Term Debt Repaid	-	-	-11.68	-2.39	-1.24
Total Debt Repaid	-	-	-11.68	-2.39	-1.24
Net Debt Issued (Repaid)	-	-	-11.68	-2.39	-1.24
Issuance of Common Stock	65.2	31.59	32.15	27.46	25.62
Repurchase of Common Stock	-93.63	-10.7	-86.4	-	-
Financing Cash Flow	-28.43	20.9	-65.93	25.06	24.38
Foreign Exchange Rate Adjustments	-0.22	-0.01	0.26	-0.42	0.01
Net Cash Flow	99.92	-20.25	-15.66	27.74	-29.47
Free Cash Flow	115.52	50.35	38.4	13.12	46.33
Free Cash Flow Growth	129.45%	31.12%	192.74%	-71.69%	6.29%
Free Cash Flow Margin	11.55%	6.05%	3.69%	1.51%	6.82%
Free Cash Flow Per Share	1.67	0.76	0.55	0.19	0.68
Cash Interest Paid	-	-	0.25	0.58	0.63
Cash Income Tax Paid	-	5.88	11.87	9.61	5.2
Levered Free Cash Flow	119.98	78.67	27.61	14.14	28.93
Unlevered Free Cash Flow	119.98	78.67	27.61	14.14	29.18
Change in Working Capital	3.27	23.09	-47.62	-73.75	-52.4

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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