NTGR FY 2014 Earnings Report — NETGEAR, Inc. Revenue & Financial Results | Market Cap Arena

NETGEAR, Inc.NTGR

FY 2014 Earnings

Reported February 20, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.4B	—	1.7%
Op. Income	$28M	—	$93M	—	-69.8%
Gross Margin	28.6%	—	28.7%	—	-0.2pp
Net Margin	0.6%	—	4.0%	—	-3.4pp
EPS (Diluted)	$0.24	—	$1.42	—	-83.1%
Free Cash Flow	$90M	—	$69M	—	30.7%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$996M
GROSS PROFIT	$398M
R&D Expenses	$91M
Selling & Marketing	$157M
General & Administrative	$47M
SG&A Expenses	$204M
Other Expenses	$2M
Operating Expenses	$294M
Cost & Expenses	$1.3B
OPERATING INCOME	$28M
Interest Income	$253.0K
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$31M
Income Tax Expense	$22M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$36M
EBIT	$103M
EBITDA	$139M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$996M
GROSS PROFIT	$398M
R&D Expenses	$91M
Selling & Marketing	$157M
General & Administrative	$47M
SG&A Expenses	$204M
Other Expenses	$2M
Operating Expenses	$294M
Cost & Expenses	$1.3B
OPERATING INCOME	$28M
Interest Income	$253.0K
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$31M
Income Tax Expense	$22M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$36M
EBIT	$103M
EBITDA	$139M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$36M
Stock-Based Compensation	$20M
Deferred Income Tax	-$21M
Other Non-Cash Items	$74M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$109M
Capital Expenditure	-$19M
Acquisitions (Net)	-$1M
Purchases of Investments	-$145M
Sales/Maturities of Investments	$135M
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$31M
Net Debt Issuance	$0
Common Stock Repurchased	-$93M
Common Dividends Paid	$0
Other Financing Activities	$13M
NET CASH FROM FINANCING	-$80M
FREE CASH FLOW	$90M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$141M
Short-Term Investments	$116M
Net Receivables	$276M
Inventory	$223M
Other Current Assets	$31M
TOTAL CURRENT ASSETS	$823M
PP&E (Net)	$30M
Goodwill	$82M
Intangible Assets	$66M
Long-Term Investments	$1M
Tax Assets	$39M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$226M
TOTAL ASSETS	$1.0B
Account Payables	$106M
Short-Term Debt	$0
Deferred Revenue	$30M
Other Current Liabilities	$144M
TOTAL CURRENT LIABILITIES	$304M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$23M
TOTAL LIABILITIES	$327M
Common Stock	$35.0K
Additional Paid-In Capital	$454M
Retained Earnings	$267M
Treasury Stock	$0
Accum. Other Comp. Income	$38.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$722M
Minority Interest	$0
TOTAL EQUITY	$722M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$0
Net Debt	-$141M