| 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 | |||||||||
-83,993 | -85,951 | -144,639 | -127,274 | -111,404 | -75,483 | 0 | - | 0 | 0 |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||
Depreciation and amortization | |||||||||
11,079 | 10,681 | 12,851 | 10,438 | 6,795 | 5,307 | 0 | - | 0 | 0 |
Premium amortization / discount accretion on investments, net | |||||||||
329 | 461 | 508 | 394 | 257 | 120 | 0 | 0 | - | 0 |
Stock-based compensation expense | |||||||||
31,014 | 22,894 | 18,756 | 16,974 | 12,632 | 8,831 | 0 | - | 0 | 0 |
Allowance for credit losses and inventory reserves | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |
Gain on sale of business | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |
Deferred income taxes | |||||||||
0 | - | 0 | 0 | 0 | - | 0 | - | 0 | 0 |
Changes in assets and liabilities: | |||||||||
Accounts receivable, net | |||||||||
-9,758 | -38,247 | -17,294 | 79,835 | 80,852 | 118,778 | 0 | - | 0 | 0 |
Inventories | |||||||||
-69,157 | -53,604 | -51,750 | -19,255 | 37,071 | 48,934 | 0 | - | 0 | 0 |
Receivables from NETGEAR, net | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Prepaid expenses and other assets | |||||||||
-3,684 | -11,525 | 1,002 | 10,250 | 2,741 | 16,592 | 0 | - | 0 | 0 |
Accounts payable | |||||||||
-15,557 | 28,791 | 9,209 | 23,057 | 59,786 | 87,307 | 0 | - | 0 | 0 |
Deferred revenue | |||||||||
18,570 | 22,567 | 2,088 | 4,173 | 6,416 | 11,253 | 0 | 0 | - | 0 |
Accrued and other liabilities | |||||||||
-7,868 | -34,714 | 14,149 | 68,583 | 79,555 | 123,892 | 0 | - | 0 | 0 |
Income taxes payable | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Net cash used in operating activities | |||||||||
-24,248 | 9,171 | -14,092 | -69,609 | -58,561 | -17,686 | 0 | - | 0 | 0 |
Cash flows from investing activities: | |||||||||
Purchases of property and equipment | |||||||||
3,515 | 6,664 | 15,835 | 21,248 | 25,516 | 21,666 | 0 | - | 0 | 0 |
Purchases of short-term investments | |||||||||
39,967 | 29,768 | 44,613 | 79,412 | 64,516 | 54,619 | 0 | 0 | - | 0 |
Proceeds from maturities of short-term investments | |||||||||
55,000 | 60,000 | 45,000 | 35,000 | 20,000 | 5,000 | 0 | 0 | - | 0 |
Net cash provided (cash used) by investing activities | |||||||||
64,212 | 76,262 | -15,448 | -65,660 | -70,032 | -71,285 | 0 | - | 0 | 0 |
Cash flows from financing activities: | |||||||||
Proceeds related to employee benefit plans | |||||||||
3,690 | 1,837 | 1,837 | 12 | 1 | 0 | 0 | 0 | - | 0 |
Restricted stock unit withholdings | |||||||||
2,827 | 1,875 | 1,755 | 1,682 | 1,068 | 0 | 0 | 0 | - | 0 |
Net investment from NETGEAR | |||||||||
- | - | - | - | - | 70,892 | 0 | 0 | - | 0 |
Net cash used in financing activities | |||||||||
863 | -38 | -533 | 232,320 | 268,130 | 244,287 | 0 | - | 0 | 0 |
Net decrease in cash and cash equivalents and restricted cash | |||||||||
40,827 | 85,395 | -30,073 | 97,051 | 139,537 | 155,316 | 0 | 0 | - | 0 |
Non-cash investing and financing activities: | |||||||||
Purchases of property and equipment included in accounts payable and accrued liabilities | |||||||||
-471 | 1,086 | 12,302 | 11,084 | 18,003 | 16,003 | 0 | - | 0 | 0 |
De-recognition of build-to-suit assets and liabilities | |||||||||
-43,220 | -21,610 | 0 | 0 | 0 | - | - | - | - | - |