2014 Q1 Form 10-Q Financial Statement

#000144530514000138 Filed on January 28, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2012 Q4
Revenue $112.3M $110.4M $91.57M
YoY Change 14.52% 20.6% 9.93%
Cost Of Revenue $24.30M $23.60M $19.16M
YoY Change 15.71% 23.16% 11.17%
Gross Profit $88.03M $86.83M $72.40M
YoY Change 14.27% 19.92% 9.61%
Gross Profit Margin 78.38% 78.63% 79.07%
Selling, General & Admin $41.70M $40.35M $38.64M
YoY Change 11.2% 4.43% 13.39%
% of Gross Profit 47.37% 46.48% 53.37%
Research & Development $19.60M $18.35M $15.35M
YoY Change 15.98% 19.52% 12.94%
% of Gross Profit 22.26% 21.13% 21.2%
Depreciation & Amortization $4.500M $4.300M $4.700M
YoY Change 21.62% -8.51% 11.9%
% of Gross Profit 5.11% 4.95% 6.49%
Operating Expenses $62.10M $59.56M $54.84M
YoY Change 12.5% 8.61% 12.81%
Operating Profit $25.93M $27.26M $17.56M
YoY Change 18.75% 55.24% 0.66%
Interest Expense $0.00 $198.0K $293.0K
YoY Change -100.0% -32.42% -37.92%
% of Operating Profit 0.0% 0.73% 1.67%
Other Income/Expense, Net $0.00 $44.00K -$104.0K
YoY Change -100.0% -142.31% -91.39%
Pretax Income $25.90M $27.31M $17.46M
YoY Change 19.91% 56.42% 7.51%
Income Tax $9.200M $10.01M $6.320M
% Of Pretax Income 35.52% 36.67% 36.2%
Net Earnings $16.68M $17.29M $11.14M
YoY Change 14.59% 55.27% 11.04%
Net Earnings / Revenue 14.85% 15.66% 12.16%
Basic Earnings Per Share $0.42 $0.27
Diluted Earnings Per Share $0.40 $0.41 $0.26
COMMON SHARES
Basic Shares Outstanding 41.33M shares 41.43M shares 41.71M shares
Diluted Shares Outstanding 41.88M shares 42.30M shares

Balance Sheet

Concept 2014 Q1 2013 Q4 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $177.3M $145.0M $126.2M
YoY Change 29.13% 14.9% -23.0%
Cash & Equivalents $102.1M $88.65M $90.84M
Short-Term Investments $75.20M $56.30M $35.30M
Other Short-Term Assets $27.30M $18.20M $15.20M
YoY Change 46.77% 19.74% 63.44%
Inventory $12.58M $11.13M $7.427M
Prepaid Expenses
Receivables $60.52M $74.26M $61.91M
Other Receivables $1.000M $0.00 $8.900M
Total Short-Term Assets $278.8M $248.6M $219.5M
YoY Change 17.47% 13.24% -7.25%
LONG-TERM ASSETS
Property, Plant & Equipment $23.10M $21.35M $18.08M
YoY Change 17.38% 18.11% 18.93%
Goodwill $203.4M $203.2M $203.3M
YoY Change 0.49% -0.02%
Intangibles $58.51M $59.83M $65.43M
YoY Change -8.33% -8.57%
Long-Term Investments $41.50M $37.20M $10.50M
YoY Change 147.02% 254.29% -63.03%
Other Assets $2.460M $2.047M $3.523M
YoY Change -14.35% -41.9% -85.5%
Total Long-Term Assets $329.0M $329.3M $312.6M
YoY Change 4.49% 5.34% 6.25%
TOTAL ASSETS
Total Short-Term Assets $278.8M $248.6M $219.5M
Total Long-Term Assets $329.0M $329.3M $312.6M
Total Assets $607.8M $577.9M $532.1M
YoY Change 10.07% 8.6% 0.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.54M $8.679M $9.151M
YoY Change 13.58% -5.16% 38.65%
Accrued Expenses $41.20M $39.30M $36.40M
YoY Change 4.04% 7.97% 31.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $163.0M $150.8M $140.4M
YoY Change 12.26% 7.43% 16.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $2.370M $2.415M $2.044M
YoY Change 5.38% 18.15% -90.49%
Total Long-Term Liabilities $2.370M $2.415M $2.044M
YoY Change 5.38% 18.15% -97.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $163.0M $150.8M $140.4M
Total Long-Term Liabilities $2.370M $2.415M $2.044M
Total Liabilities $198.6M $182.3M $171.8M
YoY Change 10.17% 6.11% -16.29%
SHAREHOLDERS EQUITY
Retained Earnings $250.6M $233.9M $186.9M
YoY Change 24.37% 25.14%
Common Stock $50.00K $50.00K $49.00K
YoY Change 2.04% 2.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $117.8M $108.5M $76.76M
YoY Change 41.11% 41.37%
Treasury Stock Shares 8.757M shares 8.501M shares 7.282M shares
Shareholders Equity $409.2M $395.6M $360.3M
YoY Change
Total Liabilities & Shareholders Equity $607.8M $577.9M $532.1M
YoY Change 10.07% 8.6% 0.23%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2012 Q4
OPERATING ACTIVITIES
Net Income $16.68M $17.29M $11.14M
YoY Change 14.59% 55.27% 11.04%
Depreciation, Depletion And Amortization $4.500M $4.300M $4.700M
YoY Change 21.62% -8.51% 11.9%
Cash From Operating Activities $50.10M $33.70M $10.50M
YoY Change 76.41% 220.95% -59.62%
INVESTING ACTIVITIES
Capital Expenditures -$4.800M -$2.900M -$3.600M
YoY Change 33.33% -19.44% 71.43%
Acquisitions
YoY Change
Other Investing Activities -$23.00M -$29.10M -$7.400M
YoY Change 177.11% 293.24% -69.42%
Cash From Investing Activities -$27.80M -$32.00M -$11.00M
YoY Change 133.61% 190.91% -58.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.900M -8.000M -68.90M
YoY Change 18.67% -88.39% 9742.86%
NET CHANGE
Cash From Operating Activities 50.10M 33.70M 10.50M
Cash From Investing Activities -27.80M -32.00M -11.00M
Cash From Financing Activities -8.900M -8.000M -68.90M
Net Change In Cash 13.40M -6.300M -69.40M
YoY Change 48.89% -90.92% 6840.0%
FREE CASH FLOW
Cash From Operating Activities $50.10M $33.70M $10.50M
Capital Expenditures -$4.800M -$2.900M -$3.600M
Free Cash Flow $54.90M $36.60M $14.10M
YoY Change 71.56% 159.57% -49.82%

Facts In Submission

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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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BusinessAcquisitionPurchasePriceAllocationCurrentLiabilitiesContractualNonComplianceLiability
98000 USD
CY2013Q1 ntct Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
4248000 USD
CY2013Q4 ntct Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
4219000 USD
ntct Contract Maturing Over Next Months
ContractMaturingOverNextMonths
P12M
CY2013Q4 ntct Finite Lived Intangible Assets Amortization Expense Net
FiniteLivedIntangibleAssetsAmortizationExpenseNet
41227000 USD
ntct Hedging Forecasted Cash Flows For Operating Expenses Denominated In Foreign Currencies Managed In Months
HedgingForecastedCashFlowsForOperatingExpensesDenominatedInForeignCurrenciesManagedInMonths
P12M
CY2011Q4 ntct Line Of Credit Facility Increase In Amount Term
LineOfCreditFacilityIncreaseInAmountTerm
P90D
ntct Payments Of Contingent Consideration
PaymentsOfContingentConsideration
841000 USD
ntct Payments Of Contingent Consideration
PaymentsOfContingentConsideration
3197000 USD
ntct Percentage Of Foreign Subsidiaries Capital Stock To Be Used For Repayment Of Line Of Credit
PercentageOfForeignSubsidiariesCapitalStockToBeUsedForRepaymentOfLineOfCredit
0.65
ntct Preliminary Purchase Price Allocation Period
PreliminaryPurchasePriceAllocationPeriod
P1Y
CY2006Q3 ntct Stock Repurchase Program Number Of Additional Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfAdditionalSharesAuthorizedToBeRepurchased
3000000 shares
ntct Transfers From Inventory To Fixed Assets
TransfersFromInventoryToFixedAssets
583000 USD
ntct Transfers From Inventory To Fixed Assets
TransfersFromInventoryToFixedAssets
1781000 USD
dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001078075
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
41329074 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
NETSCOUT SYSTEMS INC
dei Trading Symbol
TradingSymbol
NTCT

Files In Submission

Name View Source Status
0001445305-14-000138-index-headers.html Edgar Link pending
0001445305-14-000138-index.html Edgar Link pending
0001445305-14-000138.txt Edgar Link pending
0001445305-14-000138-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
ntct-20131231.xml Edgar Link completed
ntct-20131231.xsd Edgar Link pending
ntct-20131231x10q.htm Edgar Link pending
ntct-20131231_cal.xml Edgar Link unprocessable
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