Netscout systems, inc. (NTCT)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Assets
Current assets:
Cash and cash equivalents

338,489

287,660

245,064

353,721

409,632

369,054

332,183

353,416

369,821

331,912

251,505

261,736

304,880

244,833

195,423

210,870

210,711

230,521

215,539

94,352

104,893

106,704

78,986

88,974

102,076

88,648

94,917

102,727

99,930

90,836

160,386

135,025

117,255

102,762

103,859

39,473

67,168

Marketable securities

47,969

56,274

55,129

84,354

76,344

105,753

119,935

105,637

77,941

47,895

55,582

138,719

137,892

114,870

99,297

108,743

128,003

127,751

103,138

112,857

101,392

87,967

90,783

88,890

75,234

56,343

42,094

46,333

37,338

35,324

69,604

74,517

79,617

61,167

68,520

142,319

133,430

Accounts receivable and unbilled costs, net of allowance for doubtful accounts of $1,350 and $1,583 at March 31, 2020 and 2019, respectively

213,514

244,877

202,288

160,039

235,318

247,690

184,156

165,331

213,438

249,939

215,227

185,881

294,374

284,055

240,599

196,227

247,199

244,957

165,092

58,496

82,226

83,415

49,786

32,955

60,518

74,263

55,672

50,922

73,900

61,908

28,895

38,809

69,795

49,593

49,677

41,361

62,801

Inventories and deferred costs

22,227

24,977

26,195

26,479

26,270

28,909

30,985

32,739

34,774

36,592

36,956

41,013

40,002

54,151

52,860

58,842

58,029

63,427

71,066

12,710

12,130

10,274

14,505

11,026

12,580

11,128

10,728

10,940

7,563

7,427

8,343

7,494

8,021

9,414

8,963

9,591

8,925

Prepaid income taxes

13,505

14,454

13,109

19,614

18,000

23,826

25,143

28,544

22,932

23,483

48,563

48,523

40,346

18,913

34,435

28,402

18,137

37,795

40,694

0

1,393

2,864

6,742

1,207

1,012

-

1,920

1,523

0

8,917

8,282

4,939

4,600

4,413

3,563

5,376

3,205

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

29,796

21,053

21,755

14,174

14,372

14,414

15,846

9,419

9,434

9,581

9,538

5,664

4,128

4,336

4,237

3,624

3,585

3,379

3,383

Prepaid expenses and other current assets

24,039

25,807

31,209

31,643

35,658

27,001

27,429

32,407

33,502

23,686

29,043

29,026

36,972

28,808

42,444

65,855

78,399

49,421

72,218

8,425

13,495

9,846

9,052

9,328

11,496

8,800

8,292

7,215

9,043

9,465

6,645

5,588

6,162

5,692

4,542

4,765

4,814

Total current assets

659,743

654,049

572,994

675,850

801,222

802,233

719,831

718,074

752,408

713,507

636,876

704,898

854,466

745,630

665,058

668,939

740,478

753,872

697,543

307,893

337,284

315,244

264,226

246,794

278,762

248,601

223,057

229,241

237,312

219,541

286,283

270,708

289,687

236,665

242,709

246,264

283,726

Fixed assets, net

57,715

58,700

58,505

56,393

58,951

60,789

63,617

60,006

52,511

53,646

57,413

60,269

61,393

61,900

64,003

64,058

62,033

58,663

60,398

24,902

23,864

23,016

21,721

22,742

23,098

21,350

21,797

20,565

19,678

18,077

16,505

17,029

16,457

15,213

15,431

14,629

13,467

Operating lease right-of-use assets

68,583

65,738

65,118

67,536

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

1,725,680

1,718,496

1,719,362

1,717,945

1,715,485

1,715,523

1,712,962

1,718,499

1,712,764

1,716,371

1,715,861

1,715,512

1,718,162

1,720,911

1,714,539

1,710,286

1,709,369

1,693,876

1,702,705

198,222

197,445

200,271

201,457

203,034

203,446

203,201

202,863

202,582

202,453

203,251

181,299

169,522

170,384

169,952

141,356

141,356

128,177

Intangible assets, net

582,200

602,900

624,800

649,000

669,100

693,800

720,949

756,418

831,400

859,160

887,974

906,345

931,269

959,042

998,169

1,023,968

1,054,040

1,100,000

1,102,717

48,815

50,180

52,469

54,465

56,643

58,513

59,827

60,896

62,317

63,827

65,433

56,066

52,452

54,685

56,390

48,939

50,500

47,686

Deferred income taxes

6,220

7,034

7,006

7,110

7,218

4,776

5,640

5,575

6,685

5,725

5,590

5,477

6,580

2,485

3,263

5,040

6,206

27,435

412

-

0

-

-

-

-

5,629

8,065

8,751

9,211

11,755

13,908

15,385

17,892

21,849

23,944

24,920

25,167

Long-term marketable securities

2,613

2,561

7,630

5,087

1,012

1,002

-

-

0

3,187

6,292

9,195

21,933

17,206

8,675

15,309

13,361

17,961

32,708

60,303

58,572

46,055

47,542

56,580

41,484

37,222

22,438

13,762

16,823

10,540

5,615

29,690

16,644

28,360

26,528

27,442

27,880

Other assets

17,770

17,905

13,960

15,083

16,988

19,298

20,006

19,036

12,866

7,423

7,919

8,134

7,710

5,723

6,078

6,858

7,356

7,775

7,588

1,617

1,704

1,873

2,130

2,344

2,460

2,047

2,285

2,439

2,872

3,523

2,095

1,840

2,008

2,463

1,244

1,359

1,467

Total assets

3,120,503

3,127,339

3,069,374

3,194,001

3,269,994

3,297,384

3,243,005

3,277,608

3,368,608

3,359,019

3,317,925

3,409,830

3,601,513

3,512,897

3,459,785

3,494,458

3,592,843

3,635,114

3,604,071

641,752

669,049

638,928

591,541

588,137

607,763

577,877

541,401

539,657

552,176

532,120

561,771

556,626

567,757

530,892

500,151

506,470

527,570

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable

20,004

19,756

34,855

25,578

24,582

29,432

22,102

25,122

30,133

32,469

30,128

30,551

37,407

41,660

45,853

45,607

43,969

52,660

37,425

11,203

13,077

10,927

10,193

9,888

11,541

8,679

8,719

12,130

10,161

9,151

8,344

8,106

7,539

6,585

7,845

6,579

9,709

Accrued compensation

75,632

70,430

50,202

41,379

58,501

71,612

54,258

55,331

46,552

54,010

62,776

61,242

77,607

83,459

65,226

68,748

82,303

100,817

73,482

21,780

36,553

39,369

30,891

23,749

34,901

32,327

23,766

20,132

31,585

29,016

22,228

19,119

23,050

20,763

17,323

14,152

21,854

Accrued other

21,840

20,159

19,223

23,545

23,027

24,185

32,364

30,997

33,164

30,335

28,881

25,908

29,522

28,684

29,454

28,160

32,045

23,828

27,660

7,509

14,474

11,026

9,349

6,182

6,430

7,070

7,292

6,671

8,256

7,404

5,914

5,799

6,235

6,932

4,862

3,826

4,786

Income taxes payable

903

1,517

1,517

1,517

1,318

210

210

210

1,526

3,240

6,263

5,057

5,057

0

0

2,091

2,091

0

0

147

107

0

0

0

791

705

0

0

114

-

-

-

0

-

-

-

-

Deferred revenue and customer deposits

270,281

261,151

234,229

246,498

272,508

260,926

230,098

248,165

301,925

299,271

269,644

279,489

310,594

299,218

282,045

279,974

296,648

255,822

233,405

108,179

123,422

107,595

95,022

101,871

109,301

102,010

88,319

93,749

95,055

90,567

79,750

88,759

93,493

82,802

77,376

78,618

85,241

Current portion of operating lease liabilities

10,337

11,091

10,533

11,066

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15,000

15,000

15,000

Current portion of contingent liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,224

3,775

3,775

3,774

3,014

-

-

0

Total current liabilities

398,997

384,104

350,559

349,583

379,936

386,365

339,032

359,825

413,300

419,325

397,692

402,247

460,187

453,021

422,578

424,580

457,056

433,127

374,224

148,818

187,633

168,917

145,455

141,690

162,964

150,791

128,096

132,682

145,171

140,362

120,011

125,558

134,091

120,096

122,406

118,175

136,590

Other long-term liabilities

10,039

6,997

7,199

6,191

19,493

20,057

20,449

15,092

8,308

7,412

5,432

4,340

3,976

3,098

3,224

2,606

2,903

2,291

5,445

1,858

1,995

2,147

2,225

2,275

2,370

2,415

2,531

2,670

2,249

2,044

2,110

2,161

2,347

2,170

2,028

1,887

1,721

Deferred tax liability

114,394

115,470

120,895

124,870

124,229

129,284

135,738

143,542

151,563

177,598

260,371

268,364

277,599

246,192

259,625

272,763

285,359

330,254

328,010

10,653

10,639

2,679

2,708

2,747

2,757

991

979

950

941

2,467

1,961

1,330

1,410

1,590

-

-

0

Accrued long-term retirement benefits

34,256

35,808

35,332

35,811

36,284

33,320

34,053

33,457

35,246

35,589

35,548

33,301

32,117

29,745

31,493

31,158

31,378

28,977

28,988

1,589

1,587

1,586

1,584

1,582

1,581

1,578

1,575

1,747

1,757

1,818

1,873

1,933

1,990

2,044

1,969

1,914

1,859

Long-term deferred revenue and customer deposits

104,240

104,339

97,013

95,529

94,619

84,881

77,135

80,491

91,409

87,747

81,660

79,232

86,595

78,206

64,201

67,025

68,129

56,570

39,224

27,919

26,961

27,036

22,540

22,848

24,639

22,285

21,294

24,087

25,907

22,717

18,393

18,005

18,722

12,311

12,833

12,197

14,735

Operating lease liabilities, net of current portion

70,658

67,814

68,112

70,582

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

450,000

450,000

450,000

500,000

550,000

600,000

600,000

600,000

600,000

300,000

300,000

300,000

300,000

300,000

300,000

300,000

300,000

250,000

250,000

-

0

-

-

-

-

-

-

-

-

0

62,000

62,000

62,000

62,000

45,606

49,356

53,106

Contingent liabilities, net of current portion

-

-

-

-

-

-

-

-

-

0

4,865

4,827

4,789

4,750

4,712

4,674

4,636

4,598

4,560

4,521

4,484

4,445

4,407

4,369

4,291

4,219

4,139

4,068

4,248

2,370

3,102

3,657

4,828

4,986

-

-

0

Total liabilities

1,182,584

1,164,532

1,129,110

1,182,566

1,204,561

1,253,907

1,206,407

1,232,407

1,299,826

1,027,671

1,085,568

1,092,311

1,165,263

1,115,012

1,085,833

1,102,806

1,149,461

1,105,817

1,030,451

195,358

233,299

206,810

178,919

175,511

198,602

182,279

158,614

166,204

180,273

171,778

209,450

214,644

225,388

205,197

184,842

183,529

208,011

Commitments and contingencies (Note 19)

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity:
Preferred stock, $0.001 par value: 5,000,000 shares authorized; no shares issued or outstanding at March 31, 2020 and 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.001 par value: 300,000,000 shares authorized; 122,006,077 and 119,760,132 shares issued and 72,220,906 and 77,610,361 shares outstanding at March 31, 2020 and 2019, respectively

122

122

122

120

120

119

119

117

117

117

116

116

116

116

115

114

114

114

114

51

51

51

51

50

50

50

50

49

49

49

49

48

48

48

48

48

47

Additional paid-in capital

2,891,553

2,873,702

2,863,003

2,841,001

2,828,922

2,809,901

2,796,695

2,676,382

2,665,120

2,735,387

2,723,693

2,703,275

2,693,846

2,676,852

2,666,997

2,650,315

2,642,745

2,627,807

2,619,418

302,456

298,101

292,059

287,795

278,106

273,574

267,649

263,887

256,762

253,202

248,694

245,882

239,455

237,289

232,969

231,485

229,515

227,201

Accumulated other comprehensive income (loss)

-3,160

-3,345

-3,699

-3,184

-2,639

-608

555

-107

2,895

46

505

-2,029

-3,472

-3,955

-1,705

-1,735

-1,501

-3,688

-2,914

-2,858

-4,645

-1,552

196

2,416

2,772

2,521

2,082

878

671

1,450

793

-936

212

-1,851

-864

-582

-676

Treasury stock at cost, 49,785,171 and 42,149,771 shares at March 31, 2020 and 2019, respectively

1,305,935

1,255,675

1,230,440

1,155,252

1,119,063

1,104,042

1,102,481

999,329

995,843

783,878

781,948

676,302

570,921

569,499

564,581

531,434

481,366

381,942

354,511

172,683

169,516

149,345

148,696

129,989

117,802

108,513

99,829

90,950

83,480

76,759

70,173

62,445

56,032

53,376

53,234

36,863

35,437

Retained earnings

355,339

348,003

311,278

328,750

358,093

338,107

341,710

368,138

396,493

379,676

289,991

292,459

316,681

294,371

273,126

274,392

283,390

287,006

311,513

319,428

311,759

290,905

273,276

262,043

250,567

233,891

216,597

206,714

201,461

186,908

175,770

165,860

160,852

147,905

137,874

130,823

128,424

Total stockholders’ equity

1,937,919

1,962,807

1,940,264

2,011,435

2,065,433

2,043,477

2,036,598

2,045,201

2,068,782

2,331,348

2,232,357

2,317,519

2,436,250

2,397,885

2,373,952

2,391,652

2,443,382

2,529,297

2,573,620

446,394

435,750

432,118

412,622

412,626

409,161

395,598

382,787

373,453

371,903

360,342

352,321

341,982

342,369

325,695

315,309

322,941

319,559

Total liabilities and stockholders’ equity

3,120,503

3,127,339

3,069,374

3,194,001

3,269,994

3,297,384

3,243,005

3,277,608

3,368,608

3,359,019

3,317,925

3,409,830

3,601,513

3,512,897

3,459,785

3,494,458

3,592,843

3,635,114

3,604,071

641,752

669,049

638,928

591,541

588,137

607,763

577,877

541,401

539,657

552,176

532,120

561,771

556,626

567,757

530,892

500,151

506,470

527,570