NTGR FY 2013 Earnings Report — NETGEAR, Inc. Revenue & Financial Results | Market Cap Arena

NETGEAR, Inc.NTGR

FY 2013 Earnings

Reported February 25, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	7.7%
Op. Income	$93M	—	$126M	—	-26.2%
Gross Margin	28.7%	—	30.2%	—	-1.4pp
Net Margin	4.0%	—	6.8%	—	-2.8pp
EPS (Diluted)	$1.42	—	$2.23	—	-36.3%
Free Cash Flow	$69M	—	$39M	—	76.4%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$976M
GROSS PROFIT	$394M
R&D Expenses	$85M
Selling & Marketing	$154M
General & Administrative	$49M
SG&A Expenses	$203M
Other Expenses	-$457.0K
Operating Expenses	$288M
Cost & Expenses	$1.3B
OPERATING INCOME	$93M
Interest Income	$400.0K
Interest Expense	$0
Other Income/Expenses	-$57.0K
INCOME BEFORE TAX	$93M
Income Tax Expense	$38M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$33M
EBIT	$106M
EBITDA	$139M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$976M
GROSS PROFIT	$394M
R&D Expenses	$85M
Selling & Marketing	$154M
General & Administrative	$49M
SG&A Expenses	$203M
Other Expenses	-$457.0K
Operating Expenses	$288M
Cost & Expenses	$1.3B
OPERATING INCOME	$93M
Interest Income	$400.0K
Interest Expense	$0
Other Income/Expenses	-$57.0K
INCOME BEFORE TAX	$93M
Income Tax Expense	$38M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$33M
EBIT	$106M
EBITDA	$139M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$55M
Depreciation & Amortization	$33M
Stock-Based Compensation	$17M
Deferred Income Tax	-$7M
Other Non-Cash Items	$2M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$87M
Capital Expenditure	-$18M
Acquisitions (Net)	-$147M
Purchases of Investments	-$150M
Sales/Maturities of Investments	$275M
Other Investing Activities	$126M
NET CASH FROM INVESTING	-$40M
Net Debt Issuance	$0
Common Stock Repurchased	-$64M
Common Dividends Paid	$0
Other Financing Activities	$10M
NET CASH FROM FINANCING	-$53M
FREE CASH FLOW	$69M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$143M
Short-Term Investments	$105M
Net Receivables	$266M
Inventory	$224M
Other Current Assets	$27M
TOTAL CURRENT ASSETS	$800M
PP&E (Net)	$27M
Goodwill	$156M
Intangible Assets	$84M
Long-Term Investments	$1M
Tax Assets	$20M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$294M
TOTAL ASSETS	$1.1B
Account Payables	$115M
Short-Term Debt	$0
Deferred Revenue	$24M
Other Current Liabilities	$17M
TOTAL CURRENT LIABILITIES	$300M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$20M
TOTAL LIABILITIES	$320M
Common Stock	$37.0K
Additional Paid-In Capital	$422M
Retained Earnings	$352M
Treasury Stock	$0
Accum. Other Comp. Income	$69.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$774M
Minority Interest	$0
TOTAL EQUITY	$774M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$0
Net Debt	-$143M