NETGEAR, Inc. NTGR Income Statement

Netgear, inc. (NTGR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net revenue
229,963	252,971	265,858	230,852	249,082	288,928	269,411	255,276	245,201	29,306	355,483	330,723	323,657	183,076	338,458	311,655	310,256	360,863	341,893	288,782	309,157	353,182	353,338	337,604	349,391	356,620	361,895	357,719	293,399	310,436	315,210	320,655	325,620	309,155	301,800	291,240	278,823	236,017	195,949
Cost of revenue
163,722	183,388	188,666	165,407	167,074	198,274	174,966	174,996	168,882	13,553	252,388	238,787	226,725	110,649	235,336	213,867	209,691	255,447	245,566	211,126	220,877	252,708	251,005	240,418	251,466	255,831	260,236	254,289	205,662	219,058	217,522	226,017	225,771	214,182	205,490	200,863	191,037	160,310	126,387
Gross profit
66,241	69,583	77,192	65,445	82,008	90,654	94,445	80,280	76,319	15,753	103,095	91,936	96,932	72,427	103,122	97,788	100,565	105,416	96,327	77,656	88,280	100,474	102,333	97,186	97,925	100,789	101,659	103,430	87,737	91,378	97,688	94,638	99,849	94,973	96,310	90,377	87,786	75,707	69,562
Operating expenses:
Research and development
19,739	20,799	19,537	18,814	18,832	19,143	20,136	21,946	21,191	2,726	23,127	23,357	22,683	5,028	21,935	21,804	22,137	23,373	21,572	21,102	20,452	22,908	23,337	22,476	22,181	22,529	23,320	23,981	15,338	14,789	17,399	14,757	14,121	13,597	12,738	11,350	11,014	10,564	9,945
Sales and marketing
33,031	34,263	33,491	34,541	35,855	38,251	37,892	38,552	37,874	23,678	40,311	36,461	38,229	28,888	37,337	36,089	37,277	39,256	35,923	34,013	37,602	39,644	39,283	38,179	39,911	37,544	39,465	40,406	36,389	35,519	37,600	37,677	38,970	39,278	39,600	39,036	36,648	34,069	30,358
General and administrative
13,134	13,965	11,887	10,463	13,117	14,454	16,184	18,458	15,761	13,973	14,229	12,950	13,194	14,001	14,111	13,035	12,849	12,121	11,803	10,366	11,023	11,557	11,726	11,894	11,375	12,339	11,930	12,319	12,327	11,507	11,888	11,219	10,413	8,379	10,851	10,548	9,645	9,358	8,397
Other operating expenses (income), net
332	-	-	-	-196	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses, net
-	-	212	-	-	-	380	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Professional Fees
-	-	-	0	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring and other charges
-	-	-	1,291	-	-	-	1,376	-9	-	19	22	37	-18	-130	1,311	2,678	14	1,016	974	4,394	19	1,360	-12	842	3,378	400	1,587	-30	1,190	0	0	0	-	0	2,094	-	-8	-81
Gain (Loss) Related to Litigation Settlement
-	-	-	-10	-	-	-	-5	-	-	-15	-53	-	-15	-13	-35	-10	-8	0	0	2,690	1,265	-69	-68	-117	-1,446	-305	-3,555	-48	30	-269	0	-151	-33	-44	225	53	-	-143
Intangibles Impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-	-	-	0	-	-	-	-	-	-	-	-
Total operating expenses
65,572	69,794	65,127	65,119	68,000	73,238	74,592	80,337	74,817	40,476	77,701	72,843	74,143	47,914	73,266	72,274	74,951	74,772	70,314	66,455	70,781	147,059	75,775	72,605	74,426	77,236	77,420	81,848	64,072	62,975	67,156	63,653	63,655	61,287	63,233	62,803	57,254	53,983	48,762
Income from operations
669	-211	12,065	326	14,008	17,416	19,853	-57	1,502	-24,723	25,394	19,093	22,789	24,513	29,856	25,514	25,614	30,644	26,013	11,201	17,499	-46,585	26,558	24,581	23,499	23,553	24,239	21,582	23,665	28,403	30,532	30,985	36,194	33,686	33,077	27,574	30,532	21,724	20,800
Interest income, net
262	417	639	782	701	1,174	985	1,073	748	726	501	482	405	360	291	279	234	111	65	67	52	79	68	49	57	85	71	95	149	154	109	116	119	127	115	106	129	132	100
Other income (expense), net
-4,586	419	-403	487	341	85	955	788	-1,318	173	666	383	335	416	116	-332	-366	-21	-199	-343	475	544	2,246	-227	-108	-494	511	-548	74	-153	3,070	354	-601	-198	-267	-341	-330	-326	132
Income (loss) before income taxes
-3,700	-	-	-	15,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
-	-	12,301	1,595	-	-	21,793	1,804	932	-	26,561	19,958	23,529	25,289	30,263	25,461	25,482	30,734	25,879	10,925	18,026	-45,962	28,872	24,403	23,448	23,144	24,821	21,129	23,888	28,404	33,711	31,455	35,712	33,615	32,925	27,339	30,331	21,530	21,032
Provision for income taxes
500	1,052	-228	756	2,200	19,210	5,483	1,271	-86	38,679	5,767	5,376	7,535	8,719	9,144	9,427	8,893	8,927	10,780	7,258	10,015	-5,609	8,847	9,698	9,037	11,712	10,364	7,144	8,545	12,325	9,920	9,933	10,565	10,780	6,178	6,742	9,142	8,435	10,567
Net income (loss) from continuing operations
-	-	12,529	839	-	-535	16,310	533	1,018	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations, net of tax
-	-	0	0	-	-27,304	-7,160	-5,763	4,572	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-4,173	-420	12,529	839	12,843	-27,839	9,150	-5,230	5,590	-	20,794	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Noncontrolling Interest
-	-	0	-	-	-	-799	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to NETGEAR, Inc.
-	-	12,529	-	-	-	9,949	-	-	-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	13,095	10,465
Net income (loss) per share - basic:
Income (loss) from continuing operations
-	-	0.41	0.03	-	-0.01	0.51	0.02	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations attributable to NETGEAR, Inc.
-	-	0.00	0.00	-	-0.60	-0.20	-0.19	0.15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per share
Basic
-0.14	-0.02	0.41	0.03	0.41	-0.61	0.31	-0.17	0.18	-0.99	0.66	0.45	0.49	0.68	0.64	0.49	0.51	0.66	0.47	0.11	0.23	-1.11	0.56	0.41	0.39	0.31	0.37	0.36	0.40	0.41	0.62	0.57	0.67	0.61	0.71	0.56	0.58	0.37	0.30
Net income (loss) per share - diluted:
Income (loss) from continuing operations
-	-	0.39	0.03	-	-0.02	0.49	0.02	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations attributable to NETGEAR, Inc.
-	-	0.00	0.00	-	-0.57	-0.19	-0.18	0.14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
-0.14	0.00	0.39	0.03	0.39	-0.59	0.30	-0.16	0.17	-0.94	0.64	0.44	0.47	0.65	0.62	0.48	0.50	0.63	0.47	0.11	0.23	-1.10	0.55	0.40	0.39	0.30	0.37	0.36	0.39	0.41	0.61	0.56	0.65	0.60	0.70	0.54	0.57	0.36	0.29
Weighted average shares used to compute net income (loss) per share:
Basic
29,583	30,082	30,933	31,246	31,483	31,601	31,802	31,674	31,427	31,388	31,704	32,352	32,944	32,961	32,913	32,639	32,519	32,195	31,979	33,792	34,678	34,672	35,643	36,139	36,630	37,844	38,700	38,539	38,433	38,292	38,162	37,978	37,796	37,570	37,483	37,017	36,414	35,441	35,237
Diluted
29,583	31,055	31,819	32,112	32,874	34,172	32,974	32,742	32,660	28,743	32,393	33,116	34,136	34,237	33,913	33,493	33,269	33,224	32,335	34,308	35,285	35,417	36,250	36,808	37,305	38,470	39,198	39,074	39,050	39,015	38,802	38,595	38,576	38,340	38,080	37,968	37,340	36,009	35,943