10-Q Filing

A10 NETWORKS, INC. CIK: 1580808 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001580808-15-000044`
Period End Date	20150930
Filing Date	20151106
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	aten-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 92 Cash Flow Statement 64

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.25M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.23M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$91.91M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$107.10M	USD	Point-in-time
Accounts receivable, net of allowances of $3,227 and $3,246 as of September 30, 2015 and December 31, 2014	`AccountsReceivableNetCurrent`	$41.49M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	61.38M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	63.24M	shares	Point-in-time
Accounts receivable, net of allowances of $3,227 and $3,246 as of September 30, 2015 and December 31, 2014	`AccountsReceivableNetCurrent`	$54.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.24M	shares	Point-in-time
Inventory	`InventoryNet`	$17.57M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	61.38M	shares	Point-in-time
Inventory	`InventoryNet`	$20.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.73M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$164.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$171.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.09M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.78M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$4.37M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$4.86M	USD	Point-in-time
Total Assets	`Assets`	$177.96M	USD	Point-in-time
Total Assets	`Assets`	$186.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.99M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$20.96M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$22.43M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$39.26M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$44.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$70.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$73.49M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$17.96M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$21.99M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.54M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.77M	USD	Point-in-time
Total Liabilities	`Liabilities`	$97.02M	USD	Point-in-time
Total Liabilities	`Liabilities`	$90.42M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.00001 500,000 shares authorized as of September 30, 2015 and December 31, 2014; 63,244 and 61,377 shares issued and outstanding as of September 30, 2015 and December 31, 2014	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, par value $0.00001 500,000 shares authorized as of September 30, 2015 and December 31, 2014; 63,244 and 61,377 shares issued and outstanding as of September 30, 2015 and December 31, 2014	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$278.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$295.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-181.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-214.46M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$96.56M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$80.94M	USD	Point-in-time
Total Liabilities And Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$177.96M	USD	Point-in-time
Total Liabilities And Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$186.98M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$102.14M	USD	3 Qtrs
Products	`SalesRevenueGoodsNet`	$98.84M	USD	3 Qtrs
Products	`SalesRevenueGoodsNet`	$34.99M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$31.60M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$32.16M	USD	3 Qtrs
Services	`SalesRevenueServicesNet`	$15.79M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$11.83M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$43.49M	USD	3 Qtrs
Total revenue	`SalesRevenueNet`	$134.31M	USD	3 Qtrs
Total revenue	`SalesRevenueNet`	$50.78M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$43.43M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$142.33M	USD	3 Qtrs
Products	`CostOfGoodsSold`	$8.53M	USD	1 Quarter
Products	`CostOfGoodsSold`	$23.66M	USD	3 Qtrs
Products	`CostOfGoodsSold`	$23.50M	USD	3 Qtrs
Products	`CostOfGoodsSold`	$8.82M	USD	1 Quarter
Services	`CostOfServices`	$11.60M	USD	3 Qtrs
Services	`CostOfServices`	$2.94M	USD	1 Quarter
Services	`CostOfServices`	$4.19M	USD	1 Quarter
Services	`CostOfServices`	$8.49M	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$32.15M	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$35.10M	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$11.75M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$12.71M	USD	1 Quarter
Gross profit	`GrossProfit`	$107.23M	USD	3 Qtrs
Gross profit	`GrossProfit`	$38.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$31.68M	USD	1 Quarter
Gross profit	`GrossProfit`	$102.16M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$75.26M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$70.19M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$24.65M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$25.77M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.56M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$35.42M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$12.34M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$41.54M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$16.04M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.89M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.14M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$20.12M	USD	3 Qtrs
Litigation expense (benefit)	`LitigationSettlementExpense`	$1.94M	USD	3 Qtrs
Litigation expense (benefit)	`LitigationSettlementExpense`	$-3.10M	USD	3 Qtrs
Litigation expense (benefit)	`LitigationSettlementExpense`	$910.00K	USD	1 Quarter
Litigation expense (benefit)	`LitigationSettlementExpense`	$469.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$138.86M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$43.04M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$46.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$118.54M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-31.63M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-16.38M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-8.63M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-11.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$192.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$151.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$904.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$382.00K	USD	3 Qtrs
Interest income and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-510.00K	USD	1 Quarter
Interest income and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-167.00K	USD	3 Qtrs
Interest income and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-673.00K	USD	3 Qtrs
Interest income and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$22.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-549.00K	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-129.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-702.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-1.58M	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.76M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-17.95M	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-32.18M	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-12.07M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$233.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$747.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$204.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$497.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.68M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-18.70M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-8.97M	USD	1 Quarter
Accretion of redeemable convertible preferred stock dividend	`TemporaryEquityAccretionOfDividends`	-	USD	3 Qtrs
Accretion of redeemable convertible preferred stock dividend	`TemporaryEquityAccretionOfDividends`	-	USD	1 Quarter
Accretion of redeemable convertible preferred stock dividend	`TemporaryEquityAccretionOfDividends`	$-1.15M	USD	3 Qtrs
Accretion of redeemable convertible preferred stock dividend	`TemporaryEquityAccretionOfDividends`	-	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-12.30M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.85M	USD	3 Qtrs
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.97M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-32.68M	USD	3 Qtrs
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.53	USD	3 Qtrs
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.45	USD	3 Qtrs
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	44.54M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	59.91M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	62.01M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	62.75M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.68M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-18.70M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-8.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.34M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.78M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$8.31M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$13.25M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.54M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.61M	USD	1 Quarter
Gain on settlement of contractual liability	`GainLossOnContractTermination`	$6.99M	USD	3 Qtrs
Gain on settlement of contractual liability	`GainLossOnContractTermination`	-	USD	3 Qtrs
Provision for doubtful accounts and sales allowance	`ProvisionForDoubtfulAccounts`	$52.00K	USD	3 Qtrs
Provision for doubtful accounts and sales allowance	`ProvisionForDoubtfulAccounts`	$1.57M	USD	3 Qtrs
Other non cash items	`OtherNoncashIncomeExpense`	$31.00K	USD	3 Qtrs
Other non cash items	`OtherNoncashIncomeExpense`	$-14.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-11.22M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$4.77M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$6.28M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-922.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$97.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.30M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.11M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.09M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.51M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.10M	USD	3 Qtrs
Accrued litigation expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$18.00K	USD	3 Qtrs
Accrued litigation expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-6.83M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$9.12M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$9.67M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-104.00K	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$197.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.52M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.63M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.38M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.56M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.56M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.38M	USD	3 Qtrs
Proceeds from issuance of common stock under employee equity incentive plans, net of repurchases	`ProceedsFromIssuanceOfCommonStock`	$4.40M	USD	3 Qtrs
Proceeds from issuance of common stock under employee equity incentive plans, net of repurchases	`ProceedsFromIssuanceOfCommonStock`	$3.24M	USD	3 Qtrs
Proceeds from initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOfferingNet`	-	USD	3 Qtrs
Proceeds from initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOfferingNet`	$121.04M	USD	3 Qtrs
Principal payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$20.00M	USD	3 Qtrs
Principal payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$306.00K	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-229.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.54M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$105.21M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$86.31M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.62M	USD	3 Qtrs
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$100.52M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$91.91M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.79M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.10M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$100.52M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$91.91M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$20.79M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$107.10M	USD	Point-in-time
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$4.07M	USD	3 Qtrs
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$2.21M	USD	3 Qtrs
Vesting of early exercised stock options	`CostsRelatedToInitialPublicOfferingIncludedInAccountsPayableAndAccruedLiabilities`	$366.00K	USD	3 Qtrs
Vesting of early exercised stock options	`CostsRelatedToInitialPublicOfferingIncludedInAccountsPayableAndAccruedLiabilities`	$556.00K	USD	3 Qtrs
Accretion of Series D redeemable convertible preferred stock	`PreferredStockAccretionOfRedemptionDiscount`	$1.15M	USD	3 Qtrs
Accretion of Series D redeemable convertible preferred stock	`PreferredStockAccretionOfRedemptionDiscount`	-	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.