Arlo technologies, inc. (ARLO)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Dec'17
ASSETS
Current assets:
Cash and cash equivalents

176,425

236,680

113,870

93,050

135,582

151,290

148,073

133

108

Short-term investments (amortized cost of $30,068 and $19,967, allowance for credit losses of $0 and $0)

30,157

19,990

-

-

-

-

-

-

-

Short-term investments

-

-

39,941

44,877

44,792

49,737

39,773

-

0

Accounts receivable (net of allowance for credit losses of $863 and $609)

61,376

127,317

99,698

79,707

71,566

166,045

117,119

111,113

157,680

Inventories

61,027

68,624

74,117

97,222

131,227

124,791

132,479

123,195

82,952

Receivables from NETGEAR, net

-

-

-

-

130

-

27,588

-

0

Prepaid expenses and other current assets

12,569

16,958

16,088

11,459

11,121

23,611

9,529

6,573

3,018

Total current assets

341,554

469,569

343,714

326,315

394,418

515,474

474,561

241,014

243,758

Property and equipment, net

19,284

21,352

24,216

27,964

28,988

49,428

39,610

12,389

3,883

Operating lease right-of-use assets, net

30,184

31,300

32,008

32,654

27,033

0

-

-

-

Intangibles, net

950

1,306

1,679

2,060

2,442

2,823

3,204

3,585

4,348

Goodwill

11,000

11,038

15,638

15,638

15,638

15,638

15,638

15,638

15,638

Restricted cash

4,117

4,139

-

-

-

-

-

-

-

Restricted cash

-

-

4,130

4,134

4,133

-

-

-

-

Restricted Cash and Cash Equivalents

-

-

-

-

-

4,134

-

-

0

Other non-current assets

3,049

4,008

5,610

6,697

7,722

8,449

10,198

3,440

2,193

Total assets

410,176

542,712

426,995

415,462

480,374

595,946

543,211

276,066

269,820

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

39,103

111,650

57,772

22,312

55,016

82,542

49,947

25,518

20,711

Payables to NETGEAR

-

-

-

-

-

-

15,204

-

-

Deferred revenue

46,875

50,362

28,443

26,854

25,961

26,678

26,514

-

34,072

Deferred revenue

-

-

-

-

-

-

-

25,833

-

Accrued Liabilities, Current

100,447

127,400

110,071

110,040

119,055

172,036

104,519

96,486

76,097

Income tax payable

4,120

4,489

995

792

1,140

734

199

-

0

Total current liabilities

190,545

293,901

197,281

159,998

201,172

281,990

196,383

147,837

130,880

Non-current deferred revenue

12,973

15,736

19,552

20,610

21,776

23,313

19,392

-

13,332

Non-current operating lease liabilities

27,776

29,001

30,484

31,592

25,256

0

-

-

-

Non-current financing lease obligation

-

-

0

0

0

19,978

20,639

-

0

Non-current income taxes payable

92

92

58

22

22

22

22

-

189

Non-current deferred revenue

-

-

-

-

-

-

-

16,556

-

Other non-current liabilities

229

606

14

10

7

1,141

1,066

230

0

Total liabilities

231,615

339,336

247,389

212,232

248,233

326,444

237,502

164,623

144,401

Commitments and contingencies (Note 11)

-

-

-

-

-

-

0

0

-

Stockholders’ Equity:
Preferred stock: $0.001 par value; 50,000,000 shares authorized; none issued or outstanding

0

0

0

0

0

0

0

-

-

Common stock: $0.001 par value; 500,000,000 shares authorized; shares issued and outstanding: 77,361,231 at March 29, 2020 and 75,785,952 at December 31, 2019

77

76

76

75

75

74

74

-

-

Additional paid-in capital

349,212

334,821

330,618

323,648

318,862

315,277

312,397

-

-

Accumulated other comprehensive income

117

-2

46

51

56

0

14

-

-

Net parent investment

-

-

-

-

-

-

-

-

125,419

Accumulated deficit

-170,845

-131,519

-151,134

-120,544

-86,852

-45,849

-6,776

111,443

-

Stockholders' Equity Attributable to Parent

178,561

203,376

179,606

203,230

232,141

269,502

305,709

111,443

125,419

Total liabilities and stockholders’ equity

410,176

542,712

426,995

415,462

480,374

595,946

543,211

276,066

269,820