| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jul'18 | Jun'18 | Apr'18 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net Income (Loss) Attributable to Parent | |||||||||
-39,326 | 19,615 | -30,590 | -33,692 | -41,284 | -39,073 | -13,225 | - | -17,822 | -5,363 |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||
Depreciation and amortization | |||||||||
2,773 | -269 | 3,863 | 4,712 | 2,375 | 1,901 | 1,450 | - | 1,069 | 887 |
Premium amortization / discount accretion on investments, net | |||||||||
5 | 70 | 117 | 137 | 137 | 117 | 3 | 0 | - | 0 |
Stock-based compensation expense | |||||||||
12,773 | 7,633 | 5,219 | 5,389 | 4,653 | 3,495 | 3,437 | - | 1,047 | 852 |
Allowance for credit losses and inventory reserves | |||||||||
1,709 | - | - | - | 3,280 | - | - | - | - | - |
Gain on sale of business | |||||||||
292 | - | - | - | 0 | - | - | - | - | - |
Deferred income taxes | |||||||||
100 | - | -183 | 86 | -12 | - | -438 | - | 0 | 0 |
Changes in assets and liabilities: | |||||||||
Accounts receivable, net | |||||||||
-65,685 | 28,101 | 19,990 | 7,836 | -94,174 | 49,054 | 117,119 | - | 8,853 | -56,248 |
Inventories | |||||||||
-6,142 | -2,929 | -23,106 | -36,980 | 9,411 | -1,075 | 9,389 | - | 19,346 | 21,274 |
Receivables from NETGEAR, net | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Prepaid expenses and other assets | |||||||||
-5,273 | -13,254 | 3,513 | 11,330 | -13,114 | -727 | 12,761 | - | 3,821 | 737 |
Accounts payable | |||||||||
-71,834 | 53,172 | 35,484 | -32,379 | -27,486 | 33,590 | 49,332 | - | 4,350 | 35 |
Deferred revenue | |||||||||
-6,251 | 24,563 | 531 | -273 | -2,254 | 4,084 | 2,616 | 1,970 | - | 2,583 |
Accrued and other liabilities | |||||||||
-25,651 | 17,063 | -1,864 | 2,584 | -52,497 | 65,926 | 52,570 | - | 13,556 | -8,160 |
Income taxes payable | |||||||||
- | - | - | - | - | - | - | - | -278 | 319 |
Net cash used in operating activities | |||||||||
-48,904 | 51,886 | 11,946 | -39,176 | -15,485 | 28,623 | -43,571 | - | -28,128 | 25,390 |
Cash flows from investing activities: | |||||||||
Purchases of property and equipment | |||||||||
1,111 | 1,641 | -2,093 | 2,856 | 4,260 | 10,812 | 3,320 | - | 7,124 | 410 |
Purchases of short-term investments | |||||||||
20,096 | 0 | 4,975 | 14,896 | 9,897 | 14,845 | 39,774 | 0 | - | 0 |
Proceeds from maturities of short-term investments | |||||||||
10,000 | 20,000 | 10,000 | 15,000 | 15,000 | 5,000 | 0 | 0 | - | 0 |
Net cash provided (cash used) by investing activities | |||||||||
-11,207 | 71,053 | 7,118 | -2,752 | 843 | -20,657 | -43,094 | - | -7,124 | -410 |
Cash flows from financing activities: | |||||||||
Proceeds related to employee benefit plans | |||||||||
1,854 | 0 | 1,825 | 11 | 1 | 0 | 0 | 0 | - | 0 |
Restricted stock unit withholdings | |||||||||
2,020 | 120 | 73 | 614 | 1,068 | 0 | 0 | 0 | - | 0 |
Net investment from NETGEAR | |||||||||
- | - | - | - | - | -615 | 61,210 | 35,207 | - | -24,910 |
Net cash used in financing activities | |||||||||
-166 | -120 | 1,752 | -603 | -1,067 | -615 | 234,605 | - | 35,207 | -24,910 |
Net decrease in cash and cash equivalents and restricted cash | |||||||||
-60,277 | 122,819 | 20,816 | -42,531 | -15,709 | 7,351 | 147,940 | -45 | - | 70 |
Non-cash investing and financing activities: | |||||||||
Purchases of property and equipment included in accounts payable and accrued liabilities | |||||||||
323 | -492 | 4,331 | -4,633 | 1,880 | 10,724 | 3,113 | - | 2,286 | -120 |
De-recognition of build-to-suit assets and liabilities | |||||||||
0 | -43,220 | 0 | 0 | 21,610 | - | - | - | - | - |