NTGR FY 2017 Earnings Report — NETGEAR, Inc. Revenue & Financial Results | Market Cap Arena

NETGEAR, Inc.NTGR

FY 2017 Earnings

Reported February 16, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	5.9%
Op. Income	$87M	—	$114M	—	-24.1%
Gross Margin	28.1%	—	31.0%	—	-2.9pp
Net Margin	1.4%	—	5.7%	—	-4.3pp
EPS (Diluted)	$0.59	—	$2.25	—	-73.8%
Free Cash Flow	$74M	—	$104M	—	-29.1%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$396M
R&D Expenses	$95M
Selling & Marketing	$158M
General & Administrative	$56M
SG&A Expenses	$215M
Other Expenses	$2M
Operating Expenses	$309M
Cost & Expenses	$1.3B
OPERATING INCOME	$87M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$91M
Income Tax Expense	$71M
Net Income from Continuing Ops	-$11M
Net Income from Discontinued Ops	$31M
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$23M
EBIT	$43M
EBITDA	$65M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$396M
R&D Expenses	$95M
Selling & Marketing	$158M
General & Administrative	$56M
SG&A Expenses	$215M
Other Expenses	$2M
Operating Expenses	$309M
Cost & Expenses	$1.3B
OPERATING INCOME	$87M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$91M
Income Tax Expense	$71M
Net Income from Continuing Ops	-$11M
Net Income from Discontinued Ops	$31M
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$23M
EBIT	$43M
EBITDA	$65M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$26M
Stock-Based Compensation	$22M
Deferred Income Tax	$22M
Other Non-Cash Items	$46.0K
Change in Working Capital	-$2M
OPERATING CASH FLOW	$88M
Capital Expenditure	-$14M
Acquisitions (Net)	-$737.0K
Purchases of Investments	-$141M
Sales/Maturities of Investments	$136M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$20M
Net Debt Issuance	$0
Common Stock Repurchased	-$120M
Common Dividends Paid	$0
Other Financing Activities	$14M
NET CASH FROM FINANCING	-$105M
FREE CASH FLOW	$74M
Net Change in Cash	-$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$203M
Short-Term Investments	$127M
Net Receivables	$255M
Inventory	$246M
Other Current Assets	$245M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$21M
Goodwill	$85M
Intangible Assets	$25M
Long-Term Investments	-$49M
Tax Assets	$49M
Other Non-Current Assets	$62M
TOTAL NON-CURRENT ASSETS	$193M
TOTAL ASSETS	$1.2B
Account Payables	$91M
Short-Term Debt	$0
Deferred Revenue	$55M
Other Current Liabilities	$203M
TOTAL CURRENT LIABILITIES	$424M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$54M
TOTAL NON-CURRENT LIABILITIES	$54M
TOTAL LIABILITIES	$478M
Common Stock	$31.0K
Additional Paid-In Capital	$603M
Retained Earnings	$128M
Treasury Stock	$0
Accum. Other Comp. Income	-$851.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$730M
Minority Interest	$0
TOTAL EQUITY	$730M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$0
Net Debt	-$203M