NTGR FY 2007 Earnings Report — NETGEAR, Inc. Revenue & Financial Results | Market Cap Arena

NETGEAR, Inc.NTGR

FY 2007 Earnings

Reported February 29, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$728M	—	$574M	—	26.9%
Op. Income	$65M	—	$60M	—	9.4%
Gross Margin	33.3%	—	33.8%	—	-0.4pp
Net Margin	6.3%	—	7.2%	—	-0.9pp
EPS (Diluted)	$1.28	—	$1.19	—	7.6%
Free Cash Flow	$44M	—	$17M	—	153.8%

Revenue Flow

Item	Amount
REVENUE	$728M
Cost of Revenue	$485M
GROSS PROFIT	$243M
R&D Expenses	$28M
Selling & Marketing	$118M
General & Administrative	$27M
SG&A Expenses	$145M
Other Expenses	$167.0K
Operating Expenses	$173M
Cost & Expenses	$659M
OPERATING INCOME	$65M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$12M
INCOME BEFORE TAX	$77M
Income Tax Expense	$31M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$13M
EBIT	$69M
EBITDA	$90M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$728M
Cost of Revenue	$485M
GROSS PROFIT	$243M
R&D Expenses	$28M
Selling & Marketing	$118M
General & Administrative	$27M
SG&A Expenses	$145M
Other Expenses	$167.0K
Operating Expenses	$173M
Cost & Expenses	$659M
OPERATING INCOME	$65M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$12M
INCOME BEFORE TAX	$77M
Income Tax Expense	$31M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$13M
EBIT	$69M
EBITDA	$90M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$13M
Stock-Based Compensation	$9M
Deferred Income Tax	-$1M
Other Non-Cash Items	$267.0K
Change in Working Capital	-$13M
OPERATING CASH FLOW	$53M
Capital Expenditure	-$10M
Acquisitions (Net)	-$57M
Purchases of Investments	-$76M
Sales/Maturities of Investments	$149M
Other Investing Activities	$1M
NET CASH FROM INVESTING	$6M
Net Debt Issuance	$0
Common Stock Repurchased	-$150.0K
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	$21M
FREE CASH FLOW	$44M
Net Change in Cash	$80M

Balance Sheet

Item	Amount
Cash & Equivalents	$167M
Short-Term Investments	$38M
Net Receivables	$158M
Inventory	$83M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$480M
PP&E (Net)	$11M
Goodwill	$42M
Intangible Assets	$16M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$72M
TOTAL ASSETS	$551M
Account Payables	$55M
Short-Term Debt	$0
Deferred Revenue	$8M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$169M
Long-Term Debt	$0
Deferred Revenue NC	$3M
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$11M
TOTAL LIABILITIES	$180M
Common Stock	$35.0K
Additional Paid-In Capital	$252M
Retained Earnings	$119M
Treasury Stock	$0
Accum. Other Comp. Income	$101.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$372M
Minority Interest	$0
TOTAL EQUITY	$372M
TOTAL LIABILITIES & EQUITY	$551M
Total Debt	$0
Net Debt	-$167M