NTGR FY 2012 Earnings Report — NETGEAR, Inc. Revenue & Financial Results | Market Cap Arena

NETGEAR, Inc.NTGR

FY 2012 Earnings

Reported February 26, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	7.7%
Op. Income	$126M	—	$125M	—	1.0%
Gross Margin	30.2%	—	31.3%	—	-1.1pp
Net Margin	6.8%	—	7.7%	—	-0.9pp
EPS (Diluted)	$2.23	—	$2.41	—	-7.5%
Free Cash Flow	$39M	—	$88M	—	-55.7%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$888M
GROSS PROFIT	$384M
R&D Expenses	$61M
Selling & Marketing	$150M
General & Administrative	$45M
SG&A Expenses	$195M
Other Expenses	$0
Operating Expenses	$256M
Cost & Expenses	$1.1B
OPERATING INCOME	$126M
Interest Income	$498.0K
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$129M
Income Tax Expense	$43M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$17M
EBIT	$128M
EBITDA	$144M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$888M
GROSS PROFIT	$384M
R&D Expenses	$61M
Selling & Marketing	$150M
General & Administrative	$45M
SG&A Expenses	$195M
Other Expenses	$0
Operating Expenses	$256M
Cost & Expenses	$1.1B
OPERATING INCOME	$126M
Interest Income	$498.0K
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$129M
Income Tax Expense	$43M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$17M
EBIT	$128M
EBITDA	$144M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$17M
Stock-Based Compensation	$14M
Deferred Income Tax	-$1M
Other Non-Cash Items	-$2M
Change in Working Capital	-$59M
OPERATING CASH FLOW	$55M
Capital Expenditure	-$16M
Acquisitions (Net)	-$29M
Purchases of Investments	-$370M
Sales/Maturities of Investments	$284M
Other Investing Activities	-$116M
NET CASH FROM INVESTING	-$130M
Net Debt Issuance	$0
Common Stock Repurchased	-$850.0K
Common Dividends Paid	$0
Other Financing Activities	$16M
NET CASH FROM FINANCING	$15M
FREE CASH FLOW	$39M
Net Change in Cash	-$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$149M
Short-Term Investments	$228M
Net Receivables	$256M
Inventory	$175M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$864M
PP&E (Net)	$19M
Goodwill	$101M
Intangible Assets	$28M
Long-Term Investments	$1M
Tax Assets	$17M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$170M
TOTAL ASSETS	$1.0B
Account Payables	$87M
Short-Term Debt	$0
Deferred Revenue	$28M
Other Current Liabilities	$126M
TOTAL CURRENT LIABILITIES	$261M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$19M
TOTAL LIABILITIES	$280M
Common Stock	$38.0K
Additional Paid-In Capital	$394M
Retained Earnings	$360M
Treasury Stock	$0
Accum. Other Comp. Income	$4.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$755M
Minority Interest	$0
TOTAL EQUITY	$755M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$0
Net Debt	-$149M