NTGR FY 2020 Earnings Report — NETGEAR, Inc. Revenue & Financial Results | Market Cap Arena

NETGEAR, Inc.NTGR

FY 2020 Earnings

Reported February 16, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.3B	—	$999M	—	25.7%
Op. Income	$76M	—	$26M	—	188.5%
Gross Margin	29.6%	—	29.5%	—	0.2pp
Net Margin	4.6%	—	2.6%	—	2.1pp
EPS (Diluted)	$1.90	—	$0.81	—	134.6%
Free Cash Flow	$171M	—	-$705.0K	—	24334.6%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$883M
GROSS PROFIT	$372M
R&D Expenses	$89M
Selling & Marketing	$148M
General & Administrative	$61M
SG&A Expenses	$209M
Other Expenses	-$1M
Operating Expenses	$297M
Cost & Expenses	$1.2B
OPERATING INCOME	$76M
Interest Income	$436.0K
Interest Expense	$0
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$71M
Income Tax Expense	$13M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$19M
EBIT	$76M
EBITDA	$94M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$883M
GROSS PROFIT	$372M
R&D Expenses	$89M
Selling & Marketing	$148M
General & Administrative	$61M
SG&A Expenses	$209M
Other Expenses	-$1M
Operating Expenses	$297M
Cost & Expenses	$1.2B
OPERATING INCOME	$76M
Interest Income	$436.0K
Interest Expense	$0
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$71M
Income Tax Expense	$13M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$19M
EBIT	$76M
EBITDA	$94M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$19M
Stock-Based Compensation	$31M
Deferred Income Tax	-$9M
Other Non-Cash Items	$11M
Change in Working Capital	$72M
OPERATING CASH FLOW	$181M
Capital Expenditure	-$10M
Acquisitions (Net)	$7M
Purchases of Investments	-$7M
Sales/Maturities of Investments	$290.0K
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$17M
Net Debt Issuance	$0
Common Stock Repurchased	-$29M
Common Dividends Paid	$0
Other Financing Activities	$21M
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	$171M
Net Change in Cash	$156M

Balance Sheet

Item	Amount
Cash & Equivalents	$346M
Short-Term Investments	$7M
Net Receivables	$337M
Inventory	$172M
Other Current Assets	$31M
TOTAL CURRENT ASSETS	$893M
PP&E (Net)	$45M
Goodwill	$81M
Intangible Assets	$4M
Long-Term Investments	$8M
Tax Assets	$68M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$213M
TOTAL ASSETS	$1.1B
Account Payables	$91M
Short-Term Debt	$0
Deferred Revenue	$13M
Other Current Liabilities	$209M
TOTAL CURRENT LIABILITIES	$365M
Long-Term Debt	$0
Deferred Revenue NC	$3M
Deferred Tax Liabilities	-$3M
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$52M
TOTAL LIABILITIES	$417M
Common Stock	$30.0K
Additional Paid-In Capital	$883M
Retained Earnings	-$193M
Treasury Stock	$0
Accum. Other Comp. Income	-$35.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$689M
Minority Interest	$0
TOTAL EQUITY	$689M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$35M
Net Debt	-$312M