NTCT FY 2021 Earnings Report — NetScout Systems, Inc. Revenue & Financial Results | Market Cap Arena

NetScout Systems, Inc.NTCT

FY 2021 Earnings

Reported May 20, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$831M	—	$892M	—	-6.8%
Op. Income	$37M	—	$18M	—	110.5%
Gross Margin	73.3%	—	72.8%	—	0.4pp
Net Margin	2.3%	—	-0.3%	—	2.6pp
EPS (Diluted)	$0.26	—	$-0.04	—	810.4%
Free Cash Flow	$197M	—	$205M	—	-3.8%

Revenue Flow

Item	Amount
REVENUE	$831M
Cost of Revenue	$222M
GROSS PROFIT	$609M
R&D Expenses	$179M
Selling & Marketing	$243M
General & Administrative	$89M
SG&A Expenses	$332M
Other Expenses	$61M
Operating Expenses	$572M
Cost & Expenses	$794M
OPERATING INCOME	$37M
Interest Income	$646.0K
Interest Expense	$11M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$22M
Income Tax Expense	$3M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$106M
EBIT	$33M
EBITDA	$139M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$831M
Cost of Revenue	$222M
GROSS PROFIT	$609M
R&D Expenses	$179M
Selling & Marketing	$243M
General & Administrative	$89M
SG&A Expenses	$332M
Other Expenses	$61M
Operating Expenses	$572M
Cost & Expenses	$794M
OPERATING INCOME	$37M
Interest Income	$646.0K
Interest Expense	$11M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$22M
Income Tax Expense	$3M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$106M
EBIT	$33M
EBITDA	$139M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$106M
Stock-Based Compensation	$52M
Deferred Income Tax	-$24M
Other Non-Cash Items	$10M
Change in Working Capital	$51M
OPERATING CASH FLOW	$214M
Capital Expenditure	-$17M
Acquisitions (Net)	$0
Purchases of Investments	-$16M
Sales/Maturities of Investments	$57M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	$25M
Net Debt Issuance	-$100M
Common Stock Repurchased	-$3M
Common Dividends Paid	$0
Other Financing Activities	-$15M
NET CASH FROM FINANCING	-$118M
FREE CASH FLOW	$197M
Net Change in Cash	$127M

Balance Sheet

Item	Amount
Cash & Equivalents	$467M
Short-Term Investments	$9M
Net Receivables	$198M
Inventory	$19M
Other Current Assets	$27M
TOTAL CURRENT ASSETS	$722M
PP&E (Net)	$110M
Goodwill	$1.7B
Intangible Assets	$512M
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$3.1B
Account Payables	$18M
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$291M
TOTAL CURRENT LIABILITIES	$411M
Long-Term Debt	$411M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$92M
Other Non-Current Liabilities	$103M
TOTAL NON-CURRENT LIABILITIES	$668M
TOTAL LIABILITIES	$1.1B
Common Stock	$124.0K
Additional Paid-In Capital	$3.0B
Retained Earnings	$375M
Treasury Stock	-$1.3B
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$485M
Net Debt	$18M