NTCT FY 2015 Earnings Report — NetScout Systems, Inc. Revenue & Financial Results | Market Cap Arena

NetScout Systems, Inc.NTCT

FY 2015 Earnings

Reported May 20, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$454M	—	$397M	—	14.4%
Op. Income	$97M	—	$78M	—	24.0%
Gross Margin	79.2%	—	78.7%	—	0.5pp
Net Margin	13.5%	—	12.4%	—	1.1pp
EPS (Diluted)	$1.47	—	$1.17	—	25.6%
Free Cash Flow	$94M	—	$97M	—	-2.9%

Revenue Flow

Item	Amount
REVENUE	$454M
Cost of Revenue	$95M
GROSS PROFIT	$359M
R&D Expenses	$75M
Selling & Marketing	$136M
General & Administrative	$47M
SG&A Expenses	$184M
Other Expenses	-$1M
Operating Expenses	$262M
Cost & Expenses	$357M
OPERATING INCOME	$97M
Interest Income	$445.0K
Interest Expense	$773.0K
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$95M
Income Tax Expense	$34M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$3M
EBIT	$97M
EBITDA	$117M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$454M
Cost of Revenue	$95M
GROSS PROFIT	$359M
R&D Expenses	$75M
Selling & Marketing	$136M
General & Administrative	$47M
SG&A Expenses	$184M
Other Expenses	-$1M
Operating Expenses	$262M
Cost & Expenses	$357M
OPERATING INCOME	$97M
Interest Income	$445.0K
Interest Expense	$773.0K
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$95M
Income Tax Expense	$34M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$3M
EBIT	$97M
EBITDA	$117M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$20M
Stock-Based Compensation	$17M
Deferred Income Tax	$3M
Other Non-Cash Items	$611.0K
Change in Working Capital	$6M
OPERATING CASH FLOW	$107M
Capital Expenditure	-$13M
Acquisitions (Net)	-$174.0K
Purchases of Investments	-$133M
Sales/Maturities of Investments	$90M
Other Investing Activities	$229.0K
NET CASH FROM INVESTING	-$56M
Net Debt Issuance	$0
Common Stock Repurchased	-$52M
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$49M
FREE CASH FLOW	$94M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$105M
Short-Term Investments	$101M
Net Receivables	$82M
Inventory	$12M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$337M
PP&E (Net)	$24M
Goodwill	$197M
Intangible Assets	$50M
Long-Term Investments	$59M
Tax Assets	$22M
Other Non-Current Assets	-$20M
TOTAL NON-CURRENT ASSETS	$332M
TOTAL ASSETS	$669M
Account Payables	$13M
Short-Term Debt	$0
Deferred Revenue	$123M
Other Current Liabilities	$14M
TOTAL CURRENT LIABILITIES	$188M
Long-Term Debt	$0
Deferred Revenue NC	$27M
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$46M
TOTAL LIABILITIES	$233M
Common Stock	$51.0K
Additional Paid-In Capital	$298M
Retained Earnings	$312M
Treasury Stock	-$170M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$436M
Minority Interest	$0
TOTAL EQUITY	$436M
TOTAL LIABILITIES & EQUITY	$669M
Total Debt	$0
Net Debt	-$105M