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Ceragon Networks Ltd. – ‘20-F’ for 12/31/23 – ‘EX-12.2’

On:  Thursday, 3/21/24, at 4:03pm ET   ·   For:  12/31/23   ·   Accession #:  1178913-24-1034   ·   File #:  0-30862

Previous ‘20-F’:  ‘20-F’ on 5/1/23 for 12/31/22   ·   Latest ‘20-F’:  This Filing   ·   11 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/21/24  Ceragon Networks Ltd.             20-F       12/31/23  112:13M                                    Z-K Global Ltd./FA

Annual or Annual-Transition Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual or Annual-Transition Report by a Foreign     HTML   2.83M 
                Non-Canadian Issuer                                              
 2: EX-2.1      Plan of Acquisition, Reorganization, Arrangement,   HTML     56K 
                Liquidation or Succession -- exhibit_2-1                         
 3: EX-4.17     Instrument Defining the Rights of Security Holders  HTML     93K 
                -- exhibit_4-17                                                  
 4: EX-4.18     Instrument Defining the Rights of Security Holders  HTML    145K 
                -- exhibit_4-18                                                  
 7: EX-13.1     Annual or Quarterly Report to Security Holders --   HTML     32K 
                exhibit_13-1                                                     
 9: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     56K 
                Awarded Compensation -- exhibit_97-1                             
 5: EX-12.1     Statement re: the Computation of Ratios --          HTML     37K 
                exhibit_12-1                                                     
 6: EX-12.2     Statement re: the Computation of Ratios --          HTML     37K 
                exhibit_12-2                                                     
 8: EX-15       Letter re: Unaudited Interim Financial Info --      HTML     32K 
                exhibit_15-1                                                     
15: R1          Document And Entity Information                     HTML    102K 
16: R2          Consolidated Balance Sheets                         HTML    148K 
17: R3          Consolidated Balance Sheets (Parenthetical)         HTML     46K 
18: R4          Consolidated Statements of Operations               HTML    115K 
19: R5          Consolidated Statements of Comprehensive Income     HTML     64K 
                (Loss)                                                           
20: R6          Consolidated Statements of Changes in               HTML     88K 
                Shareholders' Equity                                             
21: R7          Consolidated Statements of Cash Flows               HTML    117K 
22: R8          General                                             HTML     38K 
23: R9          Significant Accounting Policies                     HTML    129K 
24: R10         Acquisitions                                        HTML     73K 
25: R11         Other Accounts Receivable and Prepaid Expenses      HTML     46K 
26: R12         Inventories                                         HTML     43K 
27: R13         Property and Equipment, Net                         HTML     57K 
28: R14         Intangible Assets, Net                              HTML     85K 
29: R15         Other Accounts Payable and Accrued Expenses         HTML     48K 
30: R16         Credit Lines                                        HTML     36K 
31: R17         Derivative Instruments                              HTML     78K 
32: R18         Credit Losses                                       HTML     46K 
33: R19         Pension Liabilities, Net                            HTML     80K 
34: R20         Commitments and Contingent Liabilities              HTML     57K 
35: R21         Leases                                              HTML     66K 
36: R22         Shareholders' Equity                                HTML    100K 
37: R23         Taxes on Income                                     HTML    168K 
38: R24         Revenues                                            HTML     58K 
39: R25         Segments, Customers and Geographic Information      HTML     73K 
40: R26         Selected Statements of Operations Data              HTML     85K 
41: R27         Related Party Balances and Transactions             HTML     64K 
42: R28         Significant Accounting Policies (Policies)          HTML    193K 
43: R29         Significant Accounting Policies (Tables)            HTML     69K 
44: R30         Acquisitions (Tables)                               HTML     68K 
45: R31         Other Accounts Receivable and Prepaid Expenses      HTML     46K 
                (Tables)                                                         
46: R32         Inventories (Tables)                                HTML     43K 
47: R33         Property and Equipment, Net (Tables)                HTML     55K 
48: R34         Intangible Assets, Net (Tables)                     HTML     86K 
49: R35         Other Accounts Payable and Accrued Expenses         HTML     48K 
                (Tables)                                                         
50: R36         Derivative Instruments (Tables)                     HTML     78K 
51: R37         Credit Losses (Tables)                              HTML     44K 
52: R38         Pension Liabilities, Net (Tables)                   HTML     77K 
53: R39         Leases (Tables)                                     HTML     66K 
54: R40         Shareholders' Equity (Tables)                       HTML     93K 
55: R41         Taxes on Income (Tables)                            HTML    153K 
56: R42         Revenues (Tables)                                   HTML     55K 
57: R43         Segments, Customers and Geographic Information      HTML     66K 
                (Tables)                                                         
58: R44         Selected Statements of Operations Data (Tables)     HTML     85K 
59: R45         Related Party Balances and Transactions (Tables)    HTML     58K 
60: R46         General (Narrative) (Details)                       HTML     33K 
61: R47         Significant Accounting Policies (Narrative)         HTML     57K 
                (Details)                                                        
62: R48         Significant Accounting Policies (Schedule Of        HTML     39K 
                Annual Depreciation Rates) (Details)                             
63: R49         Significant Accounting Policies (Schedule Of Stock  HTML     44K 
                Option Granted Assumptions) (Details)                            
64: R50         Significant Accounting Policies (Schedule of        HTML     55K 
                Accumulated Other Comprehensive Income, Net)                     
                (Details)                                                        
65: R51         Acquisitions (Narrative) (Details)                  HTML     52K 
66: R52         Acquisitions (Schedule of Preliminary Allocation    HTML     82K 
                of Purchase Consideration) (Details)                             
67: R53         Acquisitions (Schedule of Acquisition and           HTML     39K 
                Integration Related Charges) (Details)                           
68: R54         Other Accounts Receivable and Prepaid Expenses      HTML     45K 
                (Details)                                                        
69: R55         Inventories (Details)                               HTML     43K 
70: R56         Property and Equipment, Net (Details)               HTML     52K 
71: R57         Intangible Assets, Net (Schedule of intangible      HTML     64K 
                assets) (Details)                                                
72: R58         Intangible Assets, Net (Schedule of expected        HTML     47K 
                amortization in future periods) (Details)                        
73: R59         Other Accounts Payable and Accrued Expenses         HTML     48K 
                (Details)                                                        
74: R60         Credit Lines (Narrative) (Details)                  HTML     58K 
75: R61         Derivative Instruments (Schedule of fair value of   HTML     51K 
                derivative contracts) (Details)                                  
76: R62         Derivative Instruments (Schedule of derivative      HTML     47K 
                contracts on consolidated statements of                          
                operations) (Details)                                            
77: R63         Credit Losses (Schedule of allowance for credit     HTML     42K 
                losses) (Details)                                                
78: R64         Pension Liabilities, Net (Narrative) (Details)      HTML     36K 
79: R65         Pension Liabilities, Net (Schedule of changes in    HTML     43K 
                projected benefit obligations) (Details)                         
80: R66         Pension Liabilities, Net (Schedule of assumptions   HTML     35K 
                used) (Details)                                                  
81: R67         Pension Liabilities, Net (Schedule of summary of    HTML     40K 
                components of net periodic benefit cost) (Details)               
82: R68         Pension Liabilities, Net (Schedule of expected      HTML     43K 
                benefit payments) (Details)                                      
83: R69         Commitments and Contingent Liabilities (Narrative)  HTML     58K 
                (Details)                                                        
84: R70         Leases (Narrative) (Details)                        HTML     35K 
85: R71         Leases (Schedule of components of lease expense     HTML     43K 
                and supplemental cash flow information) (Details)                
86: R72         Leases (Schedule of maturities of lease             HTML     47K 
                liabilities) (Details)                                           
87: R73         Shareholders' Equity (Narrative) (Details)          HTML     55K 
88: R74         Shareholders' Equity (Schedule of summary of stock  HTML     83K 
                options granted) (Details)                                       
89: R75         Shareholders' Equity (Schedule of rsus granted)     HTML     51K 
                (Details)                                                        
90: R76         Shareholders' Equity (Schedule Of Equity-Based      HTML     39K 
                Compensation Expense) (Details)                                  
91: R77         Taxes on Income (Narrative) (Details)               HTML     71K 
92: R78         Taxes on Income (Schedule of Income Tax Expense     HTML     46K 
                Benefit (Details)                                                
93: R79         Taxes on Income (Schedule Of Deferred Income        HTML     65K 
                Taxes) (Details)                                                 
94: R80         Taxes on Income (Schedule Of Income (Loss) Before   HTML     41K 
                Taxes) (Details)                                                 
95: R81         Taxes on Income (Schedule Of Income Tax             HTML     54K 
                Reconciliation) (Details)                                        
96: R82         Taxes on Income (Schedule Of Changes In             HTML     40K 
                Unrecognized Tax Benefits) (Details)                             
97: R83         Revenues - Narrative (Details)                      HTML     39K 
98: R84         Revenues (Schedule of significant changes in        HTML     43K 
                deferred revenue) (Details)                                      
99: R85         Revenues (Schedule of remaining performance         HTML     38K 
                obligations) (Details)                                           
100: R86         Segments, Customers and Geographic Information      HTML     51K  
                (Narrative) (Details)                                            
101: R87         Segments, Customers and Geographic Information      HTML     61K  
                (Schedule Of Revenues From Sales To Unaffiliated                 
                Customers) (Details)                                             
102: R88         Selected Statements of Operations Data (Narrative)  HTML     32K  
                (Details)                                                        
103: R89         Selected Statements of Operations Data (Schedule    HTML     51K  
                Of Financial Expenses and Others, Net) (Details)                 
104: R90         Selected Statements of Operations Data (Schedule    HTML     52K  
                Of Net income per share) (Details)                               
105: R91         Related Party Balances and Transactions             HTML     45K  
                (Narrative) (Details)                                            
106: R92         Related Party Balances and Transactions (Schedule   HTML     46K  
                Of Transaction With Related Parties) (Details)                   
107: R93         Related Party Balances and Transactions (Schedule   HTML     36K  
                Of Balances With Related Parties) (Details)                      
109: XML         IDEA XML File -- Filing Summary                      XML    208K  
112: XML         XBRL Instance -- zk2431141_htm                       XML   2.60M  
108: EXCEL       IDEA Workbook of Financial Report Info              XLSX    192K  
11: EX-101.CAL  XBRL Calculations -- crnt-20231231_cal               XML    212K 
12: EX-101.DEF  XBRL Definitions -- crnt-20231231_def                XML    630K 
13: EX-101.LAB  XBRL Labels -- crnt-20231231_lab                     XML   2.18M 
14: EX-101.PRE  XBRL Presentations -- crnt-20231231_pre              XML   1.15M 
10: EX-101.SCH  XBRL Schema -- crnt-20231231                         XSD    258K 
110: JSON        XBRL Instance as JSON Data -- MetaLinks              621±   899K  
111: ZIP         XBRL Zipped Folder -- 0001178913-24-001034-xbrl      Zip    956K  


‘EX-12.2’   —   Statement re: the Computation of Ratios — exhibit_12-2


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C: 

Exhibit 12.2
 
CERTIFICATION
 
I, Ronen Stein, certify that:
 

1.
I have reviewed this annual report on Form 20-F of Ceragon Networks Ltd.;
 

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 

3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;
 

4.
The company’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in the Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company and have:
 

(a)
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 

(b)
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 

(c)
evaluated the effectiveness of the company’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
 

(d)
disclosed in this report any change in the company’s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the company’s internal control over financial reporting; and
 

5.
The company’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company’s auditors and the audit committee of the company’s board of directors (or persons performing the equivalent functions):
 

(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company’s ability to record, process, summarize and report financial information; and
 

(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the company’s internal control over financial reporting.
 
Date: March 21, 2024
 
CERAGON NETWORKS LTD.
 
By: /s/ Ronen Stein
Name: Ronen Stein
Title: Chief Financial Officer



Dates Referenced Herein

This ‘20-F’ Filing    Date    Other Filings
Filed on:3/21/24None on these Dates
For Period end:12/31/23
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/28/24  Ceragon Networks Ltd.             S-8         3/28/24    4:247K                                   Z-K Global Ltd./FA


10 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/01/23  Ceragon Networks Ltd.             20-F       12/31/22  104:10M                                    Z-K Global Ltd./FA
 5/02/22  Ceragon Networks Ltd.             20-F       12/31/21  104:10M                                    Z-K Global Ltd./FA
 3/08/21  Ceragon Networks Ltd.             20-F       12/31/20  109:11M                                    Z-K Global Ltd./FA
 3/31/20  Ceragon Networks Ltd.             20-F       12/31/19  105:9.9M                                   Z-K Global Ltd./FA
 3/27/18  Ceragon Networks Ltd.             20-F       12/31/17   98:9.2M                                   Z-K Global Ltd./FA
 4/07/17  Ceragon Networks Ltd.             20-F       12/31/16  100:9M                                     Z-K Global Ltd./FA
 3/23/16  Ceragon Networks Ltd.             20-F       12/31/15  108:9.4M                                   Z-K Global Ltd./FA
 4/02/15  Ceragon Networks Ltd.             20-F       12/31/14  116:18M                                    Z-K Global Ltd./FA
11/19/13  Ceragon Networks Ltd.             6-K        11/19/13   53:3.6M                                   Z-K Global Ltd./FA
 4/03/13  Ceragon Networks Ltd.             20-F       12/31/12  115:15M                                    Z-K Global Ltd./FA
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Filing Submission 0001178913-24-001034   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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