10-Q Filing

A10 NETWORKS, INC. CIK: 1580808 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001580808-16-000083`
Period End Date	20160331
Filing Date	20160505
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	aten-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 42 Cash Flow Statement 52 Comprehensive Income 6

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.07M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.62M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$91.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.57M	USD	Point-in-time
Available-for-sale Securities, Current	`AvailableForSaleSecuritiesCurrent`	$69.28M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	64.43M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	64.17M	shares	Point-in-time
Available-for-sale Securities, Current	`AvailableForSaleSecuritiesCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	64.17M	shares	Point-in-time
Accounts receivable, net of allowances of $3,625 and $4,067 as of March 31, 2016 and December 31, 2015	`AccountsReceivableNetCurrent`	$57.78M	USD	Point-in-time
Accounts receivable, net of allowances of $3,625 and $4,067 as of March 31, 2016 and December 31, 2015	`AccountsReceivableNetCurrent`	$41.94M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	64.43M	shares	Point-in-time
Inventory	`InventoryNet`	$18.29M	USD	Point-in-time
Inventory	`InventoryNet`	$17.17M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.42M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$179.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$173.01M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.90M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.64M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.12M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.40M	USD	Point-in-time
Total Assets	`Assets`	$192.55M	USD	Point-in-time
Total Assets	`Assets`	$185.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.56M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$27.76M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$24.44M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$50.72M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$49.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$87.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$84.72M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$24.12M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$23.23M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.41M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.28M	USD	Point-in-time
Total Liabilities	`Liabilities`	$110.13M	USD	Point-in-time
Total Liabilities	`Liabilities`	$112.48M	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 March 31, 2016 and December 31, 2015; 64,426 and 64,172 shares issued and outstanding as of March 31, 2016 and December 31, 2015	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, par value $0.00001 500,000 shares authorized as of March 31, 2016 and December 31, 2015; 64,426 and 64,172 shares issued and outstanding as of March 31, 2016 and December 31, 2015	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$306.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$301.89M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$56.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-231.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-221.82M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$80.07M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$75.64M	USD	Point-in-time
Total Liabilities And Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$185.77M	USD	Point-in-time
Total Liabilities And Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$192.55M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$36.37M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$30.52M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$13.50M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$17.43M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$53.80M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$44.02M	USD	1 Quarter
Products	`CostOfGoodsSold`	$7.06M	USD	1 Quarter
Products	`CostOfGoodsSold`	$8.70M	USD	1 Quarter
Services	`CostOfServices`	$3.72M	USD	1 Quarter
Services	`CostOfServices`	$4.53M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$13.23M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$10.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.23M	USD	1 Quarter
Gross profit	`GrossProfit`	$40.58M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$26.77M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$24.52M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$14.78M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$14.31M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.53M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.66M	USD	1 Quarter
Litigation and settlement expense	`LitigationSettlementExpense`	$445.00K	USD	1 Quarter
Litigation and settlement expense	`LitigationSettlementExpense`	$1.79M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$50.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$46.80M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.42M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-13.57M	USD	1 Quarter
Interest expense	`InterestExpense`	$127.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$126.00K	USD	1 Quarter
Interest income and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$215.00K	USD	1 Quarter
Interest income and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$27.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-100.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$89.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-13.67M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-9.33M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$62.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$204.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.73M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-9.54M	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	1 Quarter
Weighted-average shares used in computing net loss per share - Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	61.48M	shares	1 Quarter
Weighted-average shares used in computing net loss per share - Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	64.31M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-13.73M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.91M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.61M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.63M	USD	1 Quarter
Other non cash items	`OtherNoncashIncomeExpense`	$1.00K	USD	1 Quarter
Other non cash items	`OtherNoncashIncomeExpense`	$-276.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.31M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-15.64M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-772.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-185.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.17M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-709.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-987.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-824.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.35M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.54M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.04M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.44M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-69.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.44M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.50M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$69.53M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$214.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.39M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$901.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-901.00K	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans, net of repurchases	`ProceedsFromIssuanceOfCommonStock`	$370.00K	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans, net of repurchases	`ProceedsFromIssuanceOfCommonStock`	$64.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-25.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$345.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$64.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-59.92M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.33M	USD	1 Quarter
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.12M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$91.91M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.20M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.57M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$98.12M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$91.91M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$38.20M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$85.57M	USD	Point-in-time
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$345.00K	USD	1 Quarter
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$747.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued liabilities	`CostsRelatedToInitialPublicOfferingIncludedInAccountsPayableAndAccruedLiabilities`	$364.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued liabilities	`CostsRelatedToInitialPublicOfferingIncludedInAccountsPayableAndAccruedLiabilities`	$485.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss) Available to Common Stockholders, Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.73M	USD	1 Quarter
Net Income (Loss) Available to Common Stockholders, Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-9.54M	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$56.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-9.48M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-13.73M	USD	1 Quarter

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