NTCT FY 2011 Earnings Report — NetScout Systems, Inc. Revenue & Financial Results | Market Cap Arena

NetScout Systems, Inc.NTCT

FY 2011 Earnings

Reported May 27, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$291M	—	$260M	—	11.6%
Op. Income	$58M	—	$46M	—	26.5%
Gross Margin	78.9%	—	78.5%	—	0.4pp
Net Margin	12.8%	—	10.7%	—	2.1pp
EPS (Diluted)	$0.87	—	$0.67	—	29.9%
Free Cash Flow	$60M	—	$40M	—	49.2%

Revenue Flow

Item	Amount
REVENUE	$291M
Cost of Revenue	$61M
GROSS PROFIT	$229M
R&D Expenses	$41M
Selling & Marketing	$105M
General & Administrative	$23M
SG&A Expenses	$129M
Other Expenses	$2M
Operating Expenses	$171M
Cost & Expenses	$232M
OPERATING INCOME	$58M
Interest Income	$672.0K
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$56M
Income Tax Expense	$19M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$2M
EBIT	$59M
EBITDA	$73M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$291M
Cost of Revenue	$61M
GROSS PROFIT	$229M
R&D Expenses	$41M
Selling & Marketing	$105M
General & Administrative	$23M
SG&A Expenses	$129M
Other Expenses	$2M
Operating Expenses	$171M
Cost & Expenses	$232M
OPERATING INCOME	$58M
Interest Income	$672.0K
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$56M
Income Tax Expense	$19M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$2M
EBIT	$59M
EBITDA	$73M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$14M
Stock-Based Compensation	$6M
Deferred Income Tax	$3M
Other Non-Cash Items	$127.0K
Change in Working Capital	$7M
OPERATING CASH FLOW	$69M
Capital Expenditure	-$9M
Acquisitions (Net)	$408.0K
Purchases of Investments	-$154M
Sales/Maturities of Investments	$101M
Other Investing Activities	-$408.0K
NET CASH FROM INVESTING	-$61M
Net Debt Issuance	-$11M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$3M
FREE CASH FLOW	$60M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$67M
Short-Term Investments	$133M
Net Receivables	$63M
Inventory	$9M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$284M
PP&E (Net)	$13M
Goodwill	$128M
Intangible Assets	$48M
Long-Term Investments	$28M
Tax Assets	$25M
Other Non-Current Assets	$1M
TOTAL NON-CURRENT ASSETS	$244M
TOTAL ASSETS	$528M
Account Payables	$10M
Short-Term Debt	$15M
Deferred Revenue	$0
Other Current Liabilities	$90M
TOTAL CURRENT LIABILITIES	$137M
Long-Term Debt	$53M
Deferred Revenue NC	$15M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$22M
TOTAL NON-CURRENT LIABILITIES	$46M
TOTAL LIABILITIES	$208M
Common Stock	$47.0K
Additional Paid-In Capital	$227M
Retained Earnings	$128M
Treasury Stock	-$35M
Accum. Other Comp. Income	-$676.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$320M
Minority Interest	$0
TOTAL EQUITY	$320M
TOTAL LIABILITIES & EQUITY	$528M
Total Debt	$68M
Net Debt	$938.0K