10-Q Filing

A10 NETWORKS, INC. CIK: 1580808 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001580808-17-000031`
Period End Date	20170331
Filing Date	20170505
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	aten-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 42 Cash Flow Statement 54 Comprehensive Income 6

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.62M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.99M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.98M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.58M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.20M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$85.37M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$85.59M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	67.87M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	69.27M	shares	Point-in-time
Accounts receivable, net of allowances of $2,994 and $3,619 as of March 31, 2017 and December 31, 2016, respectively	`AccountsReceivableNetCurrent`	$66.75M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	69.27M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	67.87M	shares	Point-in-time
Accounts receivable, net of allowances of $2,994 and $3,619 as of March 31, 2017 and December 31, 2016, respectively	`AccountsReceivableNetCurrent`	$61.84M	USD	Point-in-time
Inventory	`InventoryNet`	$15.07M	USD	Point-in-time
Inventory	`InventoryNet`	$16.51M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.14M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$201.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$200.74M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.13M	USD	Point-in-time
Goodwill and intangible assets	`IntangibleAssetsNetIncludingGoodwill`	$7.94M	USD	Point-in-time
Goodwill and intangible assets	`IntangibleAssetsNetIncludingGoodwill`	$7.58M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.87M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.57M	USD	Point-in-time
Total Assets	`Assets`	$221.34M	USD	Point-in-time
Total Assets	`Assets`	$221.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.85M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.89M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$31.52M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$58.78M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$61.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.71M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$31.57M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$34.33M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$988.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$912.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$132.43M	USD	Point-in-time
Total Liabilities	`Liabilities`	$135.27M	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.00001 - 500,000 shares authorized as of March 31, 2017 and December 31, 2016; 69,265 and 67,873 shares issued and outstanding as of March 31, 2017 and December 31, 2016	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, par value $0.00001 - 500,000 shares authorized as of March 31, 2017 and December 31, 2016; 69,265 and 67,873 shares issued and outstanding as of March 31, 2017 and December 31, 2016	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$335.49M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$328.87M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-46.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-45.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-246.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-242.76M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$86.07M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$88.59M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$221.34M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$221.01M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$39.71M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$36.37M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$17.43M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$20.58M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$60.29M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$53.80M	USD	1 Quarter
Products	`CostOfGoodsSold`	$8.70M	USD	1 Quarter
Products	`CostOfGoodsSold`	$9.78M	USD	1 Quarter
Services	`CostOfServices`	$4.53M	USD	1 Quarter
Services	`CostOfServices`	$4.36M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$13.23M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$14.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$40.58M	USD	1 Quarter
Gross profit	`GrossProfit`	$46.14M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$26.77M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$26.26M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$17.04M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$14.78M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.16M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.66M	USD	1 Quarter
Litigation and settlement expense	`LitigationSettlementExpense`	$1.79M	USD	1 Quarter
Litigation and settlement expense	`LitigationSettlementExpense`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$50.47M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$50.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.42M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.32M	USD	1 Quarter
Interest expense	`InterestExpense`	$126.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$44.00K	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$215.00K	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$842.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$798.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$89.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.53M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-9.33M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$374.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$204.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.90M	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	68.57M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	64.31M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-9.54M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.91M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.20M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.32M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.61M	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$278.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-276.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-15.64M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-5.21M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.22M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-772.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.70M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.17M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-824.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.62M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.65M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.35M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$197.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.04M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-69.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$14.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.44M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$545.00K	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$69.53M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$18.62M	USD	1 Quarter
Proceeds from sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$214.00K	USD	1 Quarter
Proceeds from sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$18.31M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$678.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.39M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-980.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.70M	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans, net of repurchases	`ProceedsFromIssuanceOfCommonStock`	$2.06M	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans, net of repurchases	`ProceedsFromIssuanceOfCommonStock`	$370.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-25.00K	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`	$2.04M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.60M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-59.92M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.98M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.12M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.58M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.20M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.98M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$98.12M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.58M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.20M	USD	Point-in-time
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$345.00K	USD	1 Quarter
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$783.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$458.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$364.00K	USD	1 Quarter
Vesting of early exercised stock options	`VestingOfEarlyExercisedStockOptions`	$41.00K	USD	1 Quarter
Vesting of early exercised stock options	`VestingOfEarlyExercisedStockOptions`	-	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-9.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.90M	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.00K	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$56.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-9.48M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.90M	USD	1 Quarter

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