10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001122904-18-000140 |
| Period End Date | 20180331 |
| Filing Date | 20180504 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | ntgr-20180401.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$235.67M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$258.80M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$240.47M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$202.87M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$127.44M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$126.93M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$412.80M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$317.10M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$266.35M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$245.89M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$27.18M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$29.85M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$999.53M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.02B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$20.66M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$19.78M | USD | Point-in-time |
| Intangibles, net |
IntangibleAssetsNetExcludingGoodwill
|
$24.99M | USD | Point-in-time |
| Intangibles, net |
IntangibleAssetsNetExcludingGoodwill
|
$22.45M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$85.46M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$85.46M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$85.95M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$61.79M | USD | Point-in-time |
| Total assets |
Assets
|
$1.21B | USD | Point-in-time |
| Total assets |
Assets
|
$1.21B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$96.37M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$111.92M | USD | Point-in-time |
| Accrued employee compensation |
EmployeeRelatedLiabilitiesCurrent
|
$25.67M | USD | Point-in-time |
| Accrued employee compensation |
EmployeeRelatedLiabilitiesCurrent
|
$27.75M | USD | Point-in-time |
| Other accrued liabilities |
AccruedLiabilitiesCurrent
|
$222.47M | USD | Point-in-time |
| Other accrued liabilities |
AccruedLiabilitiesCurrent
|
$239.26M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$55.28M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$30.98M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$9.87M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$7.01M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$424.44M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$402.16M | USD | Point-in-time |
| Non-current income taxes payable |
AccruedIncomeTaxesNoncurrent
|
$31.54M | USD | Point-in-time |
| Non-current income taxes payable |
AccruedIncomeTaxesNoncurrent
|
$32.09M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$22.10M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$23.21M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$478.08M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$457.46M | USD | Point-in-time |
| Commitments and contingencies (Note 9) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 9) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$32.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$31.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$603.14M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$615.88M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-851.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-269.00K | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$128.17M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$140.08M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$730.49M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$755.72M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$1.21B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$1.21B | USD | Point-in-time |
Income Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenue |
Revenues
|
$344.97M | USD | 1 Quarter |
| Net revenue |
Revenues
|
$323.66M | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$226.72M | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$240.47M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$96.93M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$104.50M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$22.68M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$28.95M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$43.66M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$38.23M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$16.64M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$13.19M | USD | 1 Quarter |
| Separation expense |
ProfessionalFees
|
$6.78M | USD | 1 Quarter |
| Separation expense |
ProfessionalFees
|
- | USD | 1 Quarter |
| Restructuring and other charges |
RestructuringAndOtherCharges
|
$37.00K | USD | 1 Quarter |
| Restructuring and other charges |
RestructuringAndOtherCharges
|
$-9.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$96.02M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$74.14M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$22.79M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$8.49M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$748.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$405.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$335.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-1.25M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$23.53M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$7.98M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$2.39M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$7.54M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$5.59M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$15.99M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.18 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.49 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.17 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.47 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
31.43M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
32.94M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
32.66M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
34.14M | shares | 1 Quarter |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$5.59M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$15.99M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$5.89M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$7.87M | USD | 1 Quarter |
| Purchase premium amortization/discount accretion on investments, net |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-64.00K | USD | 1 Quarter |
| Purchase premium amortization/discount accretion on investments, net |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$107.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$5.13M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$8.15M | USD | 1 Quarter |
| Impairment charges on investment |
AssetImpairmentCharges
|
$1.40M | USD | 1 Quarter |
| Impairment charges on investment |
AssetImpairmentCharges
|
- | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-631.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$468.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-101.81M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-48.59M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$22.82M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$19.96M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-3.51M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$3.73M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-14.99M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-22.11M | USD | 1 Quarter |
| Accrued employee compensation |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-12.58M | USD | 1 Quarter |
| Accrued employee compensation |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-2.08M | USD | 1 Quarter |
| Other accrued liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-20.30M | USD | 1 Quarter |
| Other accrued liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-27.43M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$2.55M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-2.72M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$3.40M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$5.32M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$57.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$9.26M | USD | 1 Quarter |
| Purchases of short-term investments |
PaymentsToAcquireShortTermInvestments
|
$33.92M | USD | 1 Quarter |
| Purchases of short-term investments |
PaymentsToAcquireShortTermInvestments
|
$35.17M | USD | 1 Quarter |
| Proceeds from maturities of short-term investments |
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
$34.91M | USD | 1 Quarter |
| Proceeds from maturities of short-term investments |
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
$33.89M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.43M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.19M | USD | 1 Quarter |
| Purchases of investments |
PaymentsToAcquireOtherInvestments
|
- | USD | 1 Quarter |
| Purchases of investments |
PaymentsToAcquireOtherInvestments
|
$1.40M | USD | 1 Quarter |
| Payments made in connection with business acquisition, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$737.00K | USD | 1 Quarter |
| Payments made in connection with business acquisition, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.59M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-3.44M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$11.63M | USD | 1 Quarter |
| Restricted stock unit withholdings |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$2.27M | USD | 1 Quarter |
| Restricted stock unit withholdings |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.94M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$2.44M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$1.91M | USD | 1 Quarter |
| Proceeds from issuance of common stock under employee stock purchase plan |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$2.73M | USD | 1 Quarter |
| Proceeds from issuance of common stock under employee stock purchase plan |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$2.66M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$2.37M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-8.47M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$55.92M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.80M | USD | 1 Quarter |
| Cash and cash equivalents, at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$235.67M | USD | Point-in-time |
| Cash and cash equivalents, at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$258.80M | USD | Point-in-time |
| Cash and cash equivalents, at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$240.47M | USD | Point-in-time |
| Cash and cash equivalents, at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$202.87M | USD | Point-in-time |
| Cash and cash equivalents, at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$235.67M | USD | Point-in-time |
| Cash and cash equivalents, at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$258.80M | USD | Point-in-time |
| Cash and cash equivalents, at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$240.47M | USD | Point-in-time |
| Cash and cash equivalents, at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$202.87M | USD | Point-in-time |
Comprehensive Income
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$5.59M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$15.99M | USD | 1 Quarter |
| Unrealized gains (losses) on derivative instruments |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
$-1.70M | USD | 1 Quarter |
| Unrealized gains (losses) on derivative instruments |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
$692.00K | USD | 1 Quarter |
| Unrealized losses on available-for-sale securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$-38.00K | USD | 1 Quarter |
| Unrealized losses on available-for-sale securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$-55.00K | USD | 1 Quarter |
| Other comprehensive income (loss), before tax |
OtherComprehensiveIncomeLossBeforeTax
|
$654.00K | USD | 1 Quarter |
| Other comprehensive income (loss), before tax |
OtherComprehensiveIncomeLossBeforeTax
|
$-1.75M | USD | 1 Quarter |
| Tax benefit (provision) related to derivative instruments |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
$-196.00K | USD | 1 Quarter |
| Tax benefit (provision) related to derivative instruments |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
$61.00K | USD | 1 Quarter |
| Tax benefit (provision) related to available-for-sale securities |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$11.00K | USD | 1 Quarter |
| Tax benefit (provision) related to available-for-sale securities |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$-20.00K | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-1.54M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$582.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$14.46M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$6.17M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.