10-Q Filing

A10 NETWORKS, INC. CIK: 1580808 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001580808-18-000040`
Period End Date	20180930
Filing Date	20181101
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	aten-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 64 Cash Flow Statement 62 Comprehensive Income 12

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$983.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.00M	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`	$39.92M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.57M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.16M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$84.57M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	72.71M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$87.39M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	71.69M	shares	Point-in-time
Accounts receivable, net of allowances of $1,003 and $983, respectively	`AccountsReceivableNetCurrent`	$48.27M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	71.69M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	72.71M	shares	Point-in-time
Accounts receivable, net of allowances of $1,003 and $983, respectively	`AccountsReceivableNetCurrent`	$51.08M	USD	Point-in-time
Inventory	`InventoryNet`	$15.10M	USD	Point-in-time
Inventory	`InventoryNet`	$17.58M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.83M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$203.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$203.80M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.99M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$5.19M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$4.11M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.65M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$8.38M	USD	Point-in-time
Total assets	`Assets`	$224.86M	USD	Point-in-time
Total assets	`Assets`	$224.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.63M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.84M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$20.60M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$61.86M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$60.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$92.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.89M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$32.78M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$34.20M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$967.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$642.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$125.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$126.47M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.00001 par value: 500,000 shares authorized; 72,707 and 71,692 shares issued and outstanding, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.00001 par value: 500,000 shares authorized; 72,707 and 71,692 shares issued and outstanding, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$369.86M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$355.53M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-123.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-157.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-270.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-257.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$99.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$98.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$224.86M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$224.79M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$60.50M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$62.01M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$179.91M	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$170.40M	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$13.87M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$38.09M	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$13.01M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$41.41M	USD	3 Qtrs
Gross profit	`GrossProfit`	$47.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$132.31M	USD	3 Qtrs
Gross profit	`GrossProfit`	$138.50M	USD	3 Qtrs
Gross profit	`GrossProfit`	$48.14M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$78.75M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$77.23M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$24.54M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$26.93M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$15.51M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$49.87M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$16.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$49.53M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$21.44M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.01M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$30.46M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.95M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$149.73M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$49.87M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$157.57M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$49.06M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-25.26M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.57M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.73M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-11.22M	USD	3 Qtrs
Interest expense	`InterestExpense`	$20.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$99.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$34.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$128.00K	USD	3 Qtrs
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$779.00K	USD	3 Qtrs
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-131.00K	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-37.00K	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$6.00K	USD	3 Qtrs
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$-93.00K	USD	3 Qtrs
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$-57.00K	USD	1 Quarter
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$651.00K	USD	3 Qtrs
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$-165.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.73M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-25.35M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.79M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-10.57M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$74.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$454.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$660.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$963.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-26.01M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.81M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.54M	USD	3 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.36	USD	3 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	3 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	69.69M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	72.71M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	72.55M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	70.70M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-26.01M	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-11.54M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.22M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.02M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$13.82M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.33M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$13.05M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.54M	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-152.00K	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-930.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.14M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.29M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$2.51M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.55M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$868.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.79M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.24M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$806.00K	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.02M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.48M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.22M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.25M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-102.00K	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-183.00K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.02M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.52M	USD	3 Qtrs
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$23.19M	USD	3 Qtrs
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$18.75M	USD	3 Qtrs
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$41.73M	USD	3 Qtrs
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$52.12M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$69.58M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$67.75M	USD	3 Qtrs
Purchase of investment	`PaymentsToAcquireInvestments`	$1.00M	USD	3 Qtrs
Purchase of investment	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.22M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.25M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.08M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.94M	USD	3 Qtrs
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$7.67M	USD	3 Qtrs
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.27M	USD	3 Qtrs
Repurchases and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.07M	USD	3 Qtrs
Repurchases and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$650.00K	USD	3 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-83.00K	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-76.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.86M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.19M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.94M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.40M	USD	3 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.92M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.98M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.57M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.16M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.92M	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`	$46.57M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.16M	USD	Point-in-time
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$925.00K	USD	3 Qtrs
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$2.37M	USD	3 Qtrs
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$78.00K	USD	3 Qtrs
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$65.00K	USD	3 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-26.01M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.81M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.54M	USD	3 Qtrs
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-34.00K	USD	3 Qtrs
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$29.00K	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$28.00K	USD	3 Qtrs
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$64.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-26.04M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-11.51M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.74M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.22M	USD	1 Quarter

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