10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001736946-19-000024 |
| Period End Date | 20190331 |
| Filing Date | 20190506 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | arlo-20190331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
67 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$135.58M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$151.29M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$49.74M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$44.79M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$166.04M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$71.57M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$131.23M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$124.79M | USD | Point-in-time |
| Receivables from NETGEAR, net |
DueFromRelatedPartiesCurrent
|
$12.18M | USD | Point-in-time |
| Receivables from NETGEAR, net |
DueFromRelatedPartiesCurrent
|
$130.00K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$11.43M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$11.12M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$515.47M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$394.42M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$28.99M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$49.43M | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$27.03M | USD | Point-in-time |
| Intangibles, net |
IntangibleAssetsNetExcludingGoodwill
|
$2.82M | USD | Point-in-time |
| Intangibles, net |
IntangibleAssetsNetExcludingGoodwill
|
$2.44M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$15.64M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$15.64M | USD | Point-in-time |
| Restricted cash |
RestrictedCash
|
$4.13M | USD | Point-in-time |
| Restricted cash |
RestrictedCash
|
$4.13M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$8.45M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$7.72M | USD | Point-in-time |
| Total assets |
Assets
|
$480.37M | USD | Point-in-time |
| Total assets |
Assets
|
$595.95M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$55.02M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$82.54M | USD | Point-in-time |
| Deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$26.68M | USD | Point-in-time |
| Deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$25.96M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$119.06M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$172.04M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$172.04M | USD | Point-in-time |
| Income tax payable |
TaxesPayableCurrent
|
$1.14M | USD | Point-in-time |
| Income tax payable |
TaxesPayableCurrent
|
$734.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$201.17M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$281.99M | USD | Point-in-time |
| Non-current deferred revenue |
ContractWithCustomerLiabilityNoncurrent
|
$21.78M | USD | Point-in-time |
| Non-current deferred revenue |
ContractWithCustomerLiabilityNoncurrent
|
$23.31M | USD | Point-in-time |
| Non-current operating lease liabilities |
OperatingLeaseLiabilityNoncurrent
|
$25.26M | USD | Point-in-time |
| Non-current financing lease obligation |
FinanceLeaseLiabilityNoncurrent
|
$19.98M | USD | Point-in-time |
| Non-current financing lease obligation |
FinanceLeaseLiabilityNoncurrent
|
- | USD | Point-in-time |
| Non-current income taxes payable |
AccruedIncomeTaxesNoncurrent
|
$22.00K | USD | Point-in-time |
| Non-current income taxes payable |
AccruedIncomeTaxesNoncurrent
|
$22.00K | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$7.00K | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$1.14M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$326.44M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$248.23M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred stock |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock |
PreferredStockValue
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$74.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$75.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$318.86M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$315.28M | 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
|
$-86.85M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-45.85M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$125.42M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$92.94M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$269.50M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$232.14M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$480.37M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$595.95M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
RevenueFromContractWithCustomerIncludingAssessedTax
|
$100.64M | USD | 1 Quarter |
| Revenue |
RevenueFromContractWithCustomerIncludingAssessedTax
|
$57.88M | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$55.94M | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$71.58M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$1.95M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$29.05M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$12.03M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$18.16M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$14.22M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$11.21M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$10.54M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$4.88M | USD | 1 Quarter |
| Separation expense |
ProfessionalFees
|
$6.56M | USD | 1 Quarter |
| Separation expense |
ProfessionalFees
|
$906.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$43.82M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$34.67M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-41.88M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-5.62M | USD | 1 Quarter |
| Interest income |
InterestIncomeExpenseNet
|
$862.00K | USD | 1 Quarter |
| Interest income |
InterestIncomeExpenseNet
|
- | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-47.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$575.00K | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-41.06M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-5.04M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$319.00K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$220.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-41.28M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-5.36M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.55 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.09 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.55 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.09 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
74.41M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
62.50M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
62.50M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
74.41M | shares | 1 Quarter |
Cash Flow Statement
57 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-41.28M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-5.36M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$3.02M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$887.00K | USD | 1 Quarter |
| Premium amortization / discount accretion on investments, net |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
- | USD | 1 Quarter |
| Premium amortization / discount accretion on investments, net |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$137.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$852.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$4.65M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-12.00K | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-94.48M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-56.25M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$6.44M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$21.27M | USD | 1 Quarter |
| Receivables from NETGEAR, net |
IncreaseDecreaseInAccountsReceivableRelatedParties
|
$-12.05M | USD | 1 Quarter |
| Receivables from NETGEAR, net |
IncreaseDecreaseInAccountsReceivableRelatedParties
|
- | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$737.00K | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-1.06M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$35.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-27.49M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$-2.25M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$2.58M | USD | 1 Quarter |
| Accrued and other liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-8.16M | USD | 1 Quarter |
| Accrued and other liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-53.55M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$319.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$406.00K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-15.48M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$25.39M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$410.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$4.26M | USD | 1 Quarter |
| Purchases of short-term investments |
PaymentsToAcquireShortTermInvestments
|
- | USD | 1 Quarter |
| Purchases of short-term investments |
PaymentsToAcquireShortTermInvestments
|
$9.90M | USD | 1 Quarter |
| Proceeds from maturities of short-term investments |
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
$15.00M | USD | 1 Quarter |
| Proceeds from maturities of short-term investments |
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
- | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-410.00K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$843.00K | USD | 1 Quarter |
| Proceeds related to employee benefit plans |
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
|
$1.00K | USD | 1 Quarter |
| Proceeds related to employee benefit plans |
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
|
- | USD | 1 Quarter |
| Restricted stock unit withholdings |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
- | USD | 1 Quarter |
| Restricted stock unit withholdings |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.07M | USD | 1 Quarter |
| Net investment to parent |
IncreaseDecreaseInNetInvestmentFromParent
|
$-24.91M | USD | 1 Quarter |
| Net investment to parent |
IncreaseDecreaseInNetInvestmentFromParent
|
- | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.07M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-24.91M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-15.71M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$70.00K | USD | 1 Quarter |
| Cash and cash equivalents and restricted cash, at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$139.72M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$108.00K | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$155.42M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$178.00K | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$139.72M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$108.00K | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$155.42M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$178.00K | USD | Point-in-time |
| Purchases of property and equipment included in accounts payable and accrued liabilities |
Purchasesandtransfersofpropertyandequipment
|
$-1.09M | USD | 1 Quarter |
| Purchases of property and equipment included in accounts payable and accrued liabilities |
Purchasesandtransfersofpropertyandequipment
|
$-120.00K | USD | 1 Quarter |
| De-recognition of build-to-suit assets and liabilities |
DeRecognitionOfBuildToSuitAssetAndLiabilities
|
$21.61M | USD | 1 Quarter |
Stockholders Equity
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$125.42M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$92.94M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$269.50M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$232.14M | USD | Point-in-time |
| Net loss |
NetIncomeLoss
|
$-41.28M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-5.36M | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$4.65M | USD | 1 Quarter |
| Issuance of common stock under stock-based compensation plans |
StockIssuedDuringPeriodValueNewIssues
|
$1.00K | USD | 1 Quarter |
| Restricted stock unit withholdings |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.07M | USD | 1 Quarter |
| Change in unrealized gains and losses on available-for-sale securities, net of tax |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$21.00K | USD | 1 Quarter |
| Change in unrealized gains and losses on derivatives, net of tax |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
|
$35.00K | USD | 1 Quarter |
| Net transfer to Parent |
NetTransferFromParent
|
$-24.91M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$125.42M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$92.94M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$269.50M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$232.14M | USD | Point-in-time |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-41.28M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-5.36M | USD | 1 Quarter |
| Unrealized gain on derivative instruments |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
$40.00K | USD | 1 Quarter |
| Gains (Losses) Recognized in OCI - Effective Portion |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
- | USD | 1 Quarter |
| Unrealized gain on available-for-sale securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
- | USD | 1 Quarter |
| Unrealized gain on available-for-sale securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$21.00K | USD | 1 Quarter |
| Total other comprehensive income, before tax |
OtherComprehensiveIncomeLossBeforeTax
|
- | USD | 1 Quarter |
| Total other comprehensive income, before tax |
OtherComprehensiveIncomeLossBeforeTax
|
$61.00K | USD | 1 Quarter |
| Tax provision related to derivative instruments |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
|
- | USD | 1 Quarter |
| Tax provision related to derivative instruments |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
|
$5.00K | USD | 1 Quarter |
| Total other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
- | USD | 1 Quarter |
| Total other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$56.00K | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-41.23M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-5.36M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.