Netgear, inc. (NTGR)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Apr'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
Cash flows from operating activities:
Net income (loss)

-4,173

-420

12,529

839

12,843

-27,839

9,150

-5,230

5,590

-31,934

20,794

14,582

15,994

22,109

21,119

16,034

16,589

21,807

15,099

3,667

8,011

-40,353

20,025

14,705

14,411

11,432

14,457

13,985

15,343

16,079

23,791

21,522

25,147

22,835

26,747

20,597

21,189

Net (income) loss from discontinued operations

-

-

-

-

-

-27,304

-7,160

-5,763

4,572

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization

4,630

4,829

4,612

4,937

5,028

4,591

4,483

4,737

5,040

2,310

5,995

6,358

7,866

5,331

7,714

8,379

8,508

8,514

8,644

9,477

9,215

9,192

8,999

8,656

8,743

9,109

9,416

9,387

4,942

4,650

4,632

3,884

3,609

3,667

3,615

3,746

3,707

Purchase premium amortization/discount accretion on investments, net

-

-

-

-

-

-

-

204

107

-

-2

-36

-64

-61

-50

-36

-20

-16

15

28

30

31

27

24

-93

-225

-257

-248

-373

-472

-550

-750

-718

-519

-77

-138

-252

Stock-based compensation

6,336

8,954

6,986

6,739

6,458

6,233

6,118

7,246

6,864

2,557

5,583

5,701

5,128

2,841

4,870

5,019

4,411

4,308

4,111

4,058

4,348

4,788

5,162

4,934

5,130

4,970

4,511

4,391

3,590

3,566

4,019

3,395

3,392

3,428

3,454

3,508

3,372

Income tax impact associated with stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-859

-792

24

1,184

250

537

262

87

92

-12

314

54

-997

160

354

-2,047

118

-129

937

250

112

2,322

835

Income tax impact associated with stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

152

88

145

46

141

153

102

96

215

354

178

281

183

910

246

96

2,437

893

Impairment of long-term investments

4,530

-

-

0

0

-

-

0

1,400

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

1,042

-1,882

-1,613

968

1,148

2,406

-3,384

2,567

870

21,185

-1,854

1,320

468

-458

-2,530

3,368

489

-561

-2,369

2,606

-386

-18,128

-1,889

427

-671

-3,546

-2,203

-1,163

-1,015

-943

-1,426

301

-477

-3,105

-1,998

446

36

Provision for excess and obsolete inventory

2,400

-

-

-

900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

222

-

-

-

141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

-19,586

29,097

9,435

-23,896

-41,136

61,815

8,874

17,927

-45,561

41,369

-8,996

39,333

-48,585

33,599

3,361

12,129

-72,221

16,468

27,680

-8,251

-20,945

-2,879

-4,332

-8,438

24,854

-3,481

-18,518

50,587

-18,118

7,152

-22,931

22,561

-12,099

42,654

8,693

12,338

-29,109

Inventories

-52,484

-36,217

-732

39,248

-6,803

48,738

29,014

5,766

1,546

-35,552

-14,695

-4,053

19,964

8,145

9,780

-7,466

2,189

43,105

-18,655

-12,281

-21,934

16,390

11,961

-7,098

-22,826

13,180

26,404

23,443

-16,348

-4,013

25,507

18,506

-29,410

27,760

-1,826

-8,614

12,719

Prepaid expenses and other assets

-6,802

4,614

-7,772

5,265

-453

6,671

-8,880

11,703

2,620

953

-38

-2,011

-3,508

1,081

-6,706

718

-3,784

6,772

-904

-6,308

-120

-1,941

-1,126

3,793

7,179

-4,180

-3,445

11,569

671

-2,545

-3,755

6,954

-3,273

2,122

-6,766

9,412

3,167

Accounts payable

-41,488

-2,040

-25,491

39,348

-68,431

18,957

35,330

6,245

-15,029

19,584

19,267

-17,177

-22,106

4,388

15,294

6,235

-16,101

-7,294

26,812

4,431

-38,939

14,203

-9,311

5,117

-18,245

-4,743

-10,262

56,156

-4,901

-3,760

-10,745

21,641

-37,751

41,615

3,295

-8,857

-7,922

Accrued employee compensation

-5,816

1,920

-5,333

4,985

-13,214

8,666

-7,770

8,969

-2,720

7,317

-3,516

3,503

-12,582

7,543

-7,191

9,646

-6,297

6,454

2,825

-1,319

-1,680

1,016

888

1,150

1,983

-634

910

2,172

-4,235

-2,777

1,734

1,382

-9,121

3,705

3,514

4,319

-8,773

Other accrued liabilities

-16,745

28,637

-8,079

-5,790

-31,371

20,973

1,596

12,234

-19,214

3,834

13,145

18,432

-20,302

6,678

9,647

-15,500

-18,591

34,392

16,507

-1,052

-19,860

11,770

4,571

-11,345

-2,422

6,348

3,898

11,692

-6,869

5,570

-2,554

4,507

-4,079

12,387

5,554

-249

-8,318

Deferred revenue

452

798

-4,334

-1,551

1,733

2,139

4,148

-497

-31

-9,529

10,189

4,502

-2,722

-1,950

-2,746

2,862

-2,726

-1,597

2,310

2,610

-5,819

-4,033

426

3,158

5,637

-1,615

-5,668

4,755

1,317

-560

2,494

323

-14,937

16,159

1,091

4,462

-9,157

Income taxes payable

-816

2,613

-4,886

-1,618

-583

-6,507

-5,432

-8,397

3,397

18,120

4,717

-9,868

5,324

2,788

2,564

-3,412

1,930

-3,265

11,605

-11,729

2,126

592

2,635

-1,230

569

-1,763

3,883

-4,883

2,737

-4,237

2,539

-7,528

1,482

4,179

-2,075

543

-2,989

Net cash used in discontinued operating activities

-

-

-

-

-

-119,267

11,968

-14,966

34,113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

29,005

49,569

-26,117

27,266

-37,193

-177,067

33,789

-16,929

22,883

-13,908

98,051

-5,880

9,261

-15,136

43,215

28,078

62,024

-4,503

77,146

38,872

-365

41,410

24,838

37,162

5,554

14,108

16,631

11,086

45,077

17,483

22,924

1,844

12,792

32,857

43,189

15,402

4,562

Cash flows from investing activities:
Purchases of short-term investments

126

1,335

133

3

146

11,657

140

34,850

35,167

34,605

45,075

22,959

33,917

26,277

37,740

50,106

30,148

60,015

25,196

144

24,961

40,110

20,140

24,978

59,958

25,142

29,995

78,305

20,022

61,152

154,925

45,345

108,517

40,542

52,380

39,045

96,904

Proceeds from maturities of short-term investments

145

4

137

23,504

47,145

35,004

32,642

34,505

34,907

34,005

33,896

33,754

33,894

30,005

35,139

30,004

20,143

25,131

40,000

25,142

40,000

25,158

15,169

40,000

54,500

61,065

30,000

80,187

104,154

60,685

129,850

61,483

32,400

41,989

53,990

12,100

119,590

Purchases of property and equipment

1,275

2,433

2,374

3,465

5,958

3,301

3,115

3,061

2,774

335

3,643

2,728

3,434

3,247

1,924

3,004

2,056

2,858

2,942

2,567

5,633

5,917

4,003

6,333

3,085

6,341

3,950

4,998

2,761

3,270

4,628

5,402

1,462

2,395

1,896

2,014

1,906

Purchases of long-term investments

250

0

284

0

5,200

1,091

0

0

0

1,500

1,500

0

1,400

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments made in connection with business acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-737

0

0

737

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

21,525

6,600

500

0

0

37,009

500

Net cash used in discontinued investing activities

-

-

-

-

-

-20,656

-43,174

-7,123

-410

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-1,506

-3,764

-2,654

20,036

35,841

-1,701

-27,515

-10,529

-3,034

-5,969

-16,322

8,067

-5,594

-9,067

-4,525

-23,106

-12,061

-37,742

11,862

22,431

9,406

-20,869

-8,974

7,639

-8,543

29,557

-6,345

-144,316

81,371

-5,137

-51,228

4,136

-78,079

-948

-286

-65,968

20,280

Cash flows from financing activities:
Repurchases of common stock

15,008

23,581

20,385

16,980

15,000

15,000

15,000

0

0

26,531

29,999

45,000

11,631

15,000

0

13,246

10,006

10,149

26,495

72,464

8,572

25,212

23,384

28,714

15,908

63,099

3

147

336

35

0

219

596

27

0

0

899

Restricted stock unit withholdings

1,300

400

400

2,400

3,300

500

400

4,929

2,271

383

368

3,713

1,936

336

449

3,565

350

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

462

445

1,633

923

2,026

1,658

2,314

957

1,912

3,103

2,433

1,534

2,438

6,273

7,221

10,992

3,661

34,791

1,666

1,363

3,108

3,940

878

1,098

4,063

1,857

2,085

998

2,547

1,943

4,426

1,953

4,378

2,492

813

20,016

5,818

Proceeds from issuance of common stock under employee stock purchase plan

2,478

0

1,314

0

2,303

0

2,822

0

2,732

0

2,102

0

2,662

0

2,247

0

1,645

0

1,483

0

1,502

0

1,434

0

1,328

0

1,086

0

1,053

-1

1,043

0

955

0

1,043

0

709

Net cash provided by discontinued financing activities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

152

88

145

46

141

153

102

96

215

354

178

281

183

910

246

96

2,437

893

Net cash used in financing activities

-13,415

-23,599

-17,838

-18,371

-14,015

-13,825

159,969

-3,940

2,373

-23,826

-25,832

-47,179

-8,467

-9,049

9,019

-5,819

-5,050

21,761

-23,334

-70,949

-3,874

-21,127

-21,026

-27,475

-10,364

-61,140

3,264

1,066

3,618

2,085

5,750

1,917

5,647

2,711

1,952

22,453

6,521

Net increase (decrease) in cash and cash equivalents

14,084

22,206

-46,609

28,931

-15,367

-192,593

166,243

-31,398

55,925

-43,703

55,897

-44,992

-4,800

-33,252

47,709

-847

44,913

-20,484

65,674

-9,646

5,167

-586

-5,162

17,326

-13,353

-17,475

13,550

-132,164

130,066

14,431

-22,554

7,897

-59,640

34,620

44,855

-28,113

31,363

Additions to property and equipment included in accounts payable and other accrued liabilities

-

-

-

-

-

-

-549

-306

598

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-