NTGR FY 2011 Earnings Report — NETGEAR, Inc. Revenue & Financial Results | Market Cap Arena

NETGEAR, Inc.NTGR

FY 2011 Earnings

Reported February 29, 2012

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	$1.2B	—	$902M	—	30.9%
Op. Income	$125M	—	$91M	—	36.7%
Gross Margin	31.3%	—	33.2%	—	-1.9pp
Net Margin	7.7%	—	5.6%	—	2.1pp
EPS (Diluted)	$2.41	—	$1.41	—	70.9%
Free Cash Flow	$88M	—	$16M	—	436.6%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$812M
GROSS PROFIT	$369M
R&D Expenses	$49M
Selling & Marketing	$155M
General & Administrative	$39M
SG&A Expenses	$194M
Other Expenses	$2M
Operating Expenses	$243M
Cost & Expenses	$1.1B
OPERATING INCOME	$125M
Interest Income	$477.0K
Interest Expense	$0
Other Income/Expenses	-$659.0K
INCOME BEFORE TAX	$124M
Income Tax Expense	$33M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$15M
EBIT	$127M
EBITDA	$138M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$812M
GROSS PROFIT	$369M
R&D Expenses	$49M
Selling & Marketing	$155M
General & Administrative	$39M
SG&A Expenses	$194M
Other Expenses	$2M
Operating Expenses	$243M
Cost & Expenses	$1.1B
OPERATING INCOME	$125M
Interest Income	$477.0K
Interest Expense	$0
Other Income/Expenses	-$659.0K
INCOME BEFORE TAX	$124M
Income Tax Expense	$33M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$15M
EBIT	$127M
EBITDA	$138M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$91M
Depreciation & Amortization	$15M
Stock-Based Compensation	$14M
Deferred Income Tax	-$1M
Other Non-Cash Items	-$3M
Change in Working Capital	-$20M
OPERATING CASH FLOW	$96M
Capital Expenditure	-$8M
Acquisitions (Net)	-$38M
Purchases of Investments	-$229M
Sales/Maturities of Investments	$228M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$47M
Net Debt Issuance	$0
Common Stock Repurchased	-$926.0K
Common Dividends Paid	$0
Other Financing Activities	$35M
NET CASH FROM FINANCING	$34M
FREE CASH FLOW	$88M
Net Change in Cash	$83M

Balance Sheet

Item	Amount
Cash & Equivalents	$209M
Short-Term Investments	$145M
Net Receivables	$261M
Inventory	$164M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$834M
PP&E (Net)	$16M
Goodwill	$86M
Intangible Assets	$21M
Long-Term Investments	$3M
Tax Assets	$8M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$137M
TOTAL ASSETS	$971M
Account Payables	$117M
Short-Term Debt	$0
Deferred Revenue	$40M
Other Current Liabilities	$27M
TOTAL CURRENT LIABILITIES	$309M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$24M
TOTAL NON-CURRENT LIABILITIES	$24M
TOTAL LIABILITIES	$333M
Common Stock	$38.0K
Additional Paid-In Capital	$364M
Retained Earnings	$274M
Treasury Stock	$0
Accum. Other Comp. Income	$23.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$639M
Minority Interest	$0
TOTAL EQUITY	$639M
TOTAL LIABILITIES & EQUITY	$971M
Total Debt	$0
Net Debt	-$209M