NTGR FY 2008 Earnings Report — NETGEAR, Inc. Revenue & Financial Results | Market Cap Arena

NETGEAR, Inc.NTGR

FY 2008 Earnings

Reported March 4, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$743M	—	$728M	—	2.1%
Op. Income	$49M	—	$65M	—	-24.1%
Gross Margin	32.4%	—	33.3%	—	-0.9pp
Net Margin	2.4%	—	6.3%	—	-3.9pp
EPS (Diluted)	$0.51	—	$1.28	—	-60.2%
Free Cash Flow	$32M	—	$44M	—	-26.2%

Revenue Flow

Item	Amount
REVENUE	$743M
Cost of Revenue	$502M
GROSS PROFIT	$241M
R&D Expenses	$34M
Selling & Marketing	$122M
General & Administrative	$32M
SG&A Expenses	$153M
Other Expenses	$711.0K
Operating Expenses	$188M
Cost & Expenses	$690M
OPERATING INCOME	$49M
Interest Income	$4M
Interest Expense	$0
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$45M
Income Tax Expense	$27M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$13M
EBIT	$53M
EBITDA	$59M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$743M
Cost of Revenue	$502M
GROSS PROFIT	$241M
R&D Expenses	$34M
Selling & Marketing	$122M
General & Administrative	$32M
SG&A Expenses	$153M
Other Expenses	$711.0K
Operating Expenses	$188M
Cost & Expenses	$690M
OPERATING INCOME	$49M
Interest Income	$4M
Interest Expense	$0
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$45M
Income Tax Expense	$27M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$13M
EBIT	$53M
EBITDA	$59M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$13M
Stock-Based Compensation	$11M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$6.0K
Change in Working Capital	$7M
OPERATING CASH FLOW	$48M
Capital Expenditure	-$15M
Acquisitions (Net)	-$25M
Purchases of Investments	-$10M
Sales/Maturities of Investments	$38M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$12M
Net Debt Issuance	$0
Common Stock Repurchased	-$12M
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$10M
FREE CASH FLOW	$32M
Net Change in Cash	$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$193M
Short-Term Investments	$10M
Net Receivables	$138M
Inventory	$112M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$489M
PP&E (Net)	$20M
Goodwill	$61M
Intangible Assets	$13M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$97M
TOTAL ASSETS	$586M
Account Payables	$60M
Short-Term Debt	$0
Deferred Revenue	$22M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$177M
Long-Term Debt	$0
Deferred Revenue NC	$15.0K
Deferred Tax Liabilities	$15.0K
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$19M
TOTAL LIABILITIES	$195M
Common Stock	$34.0K
Additional Paid-In Capital	$266M
Retained Earnings	$125M
Treasury Stock	$0
Accum. Other Comp. Income	$67.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$391M
Minority Interest	$0
TOTAL EQUITY	$391M
TOTAL LIABILITIES & EQUITY	$586M
Total Debt	$0
Net Debt	-$193M