2014 Q2 Form 10-Q Financial Statement

#000144530514002950 Filed on July 29, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $107.9M $81.81M
YoY Change 31.84% 7.13%
Cost Of Revenue $22.60M $16.92M
YoY Change 33.53% 0.35%
Gross Profit $85.26M $64.88M
YoY Change 31.4% 9.05%
Gross Profit Margin 79.05% 79.31%
Selling, General & Admin $46.03M $39.18M
YoY Change 17.47% 6.74%
% of Gross Profit 53.98% 60.39%
Research & Development $18.77M $15.97M
YoY Change 17.55% 13.41%
% of Gross Profit 22.01% 24.61%
Depreciation & Amortization $4.876M $4.859M
YoY Change 0.35% 11.06%
% of Gross Profit 5.72% 7.49%
Operating Expenses $65.65M $56.00M
YoY Change 17.24% 9.2%
Operating Profit $19.60M $8.883M
YoY Change 120.67% 8.12%
Interest Expense $194.0K $190.0K
YoY Change 2.11% -35.81%
% of Operating Profit 0.99% 2.14%
Other Income/Expense, Net -$131.0K -$73.00K
YoY Change 79.45% -79.49%
Pretax Income $19.47M $8.810M
YoY Change 121.01% 12.09%
Income Tax $7.995M $3.557M
% Of Pretax Income 41.06% 40.37%
Net Earnings $11.48M $5.253M
YoY Change 118.47% 4.89%
Net Earnings / Revenue 10.64% 6.42%
Basic Earnings Per Share $0.28 $0.13
Diluted Earnings Per Share $0.27 $0.12
COMMON SHARES
Basic Shares Outstanding 41.08M shares 41.41M shares
Diluted Shares Outstanding 41.81M shares 42.07M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $177.9M $149.1M
YoY Change 19.32% -28.83%
Cash & Equivalents $88.97M $102.7M
Short-Term Investments $88.90M $46.30M
Other Short-Term Assets $23.70M $16.80M
YoY Change 41.07% 69.7%
Inventory $11.03M $10.94M
Prepaid Expenses
Receivables $32.96M $50.92M
Other Receivables $1.200M $1.500M
Total Short-Term Assets $246.8M $229.2M
YoY Change 7.66% -15.32%
LONG-TERM ASSETS
Property, Plant & Equipment $22.74M $20.57M
YoY Change 10.59% 20.76%
Goodwill $203.0M $202.6M
YoY Change 0.22% 19.5%
Intangibles $56.64M $62.32M
YoY Change -9.11% 18.81%
Long-Term Investments $56.60M $13.80M
YoY Change 310.14% -53.54%
Other Assets $2.344M $2.439M
YoY Change -3.9% 32.55%
Total Long-Term Assets $341.3M $310.4M
YoY Change 9.96% 8.57%
TOTAL ASSETS
Total Short-Term Assets $246.8M $229.2M
Total Long-Term Assets $341.3M $310.4M
Total Assets $588.1M $539.7M
YoY Change 8.98% -3.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.888M $12.13M
YoY Change -18.48% 49.64%
Accrued Expenses $29.90M $26.50M
YoY Change 12.83% 6.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $141.7M $132.7M
YoY Change 6.79% 5.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $2.275M $2.670M
YoY Change -14.79% 23.55%
Total Long-Term Liabilities $2.275M $2.670M
YoY Change -14.79% -95.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $141.7M $132.7M
Total Long-Term Liabilities $2.275M $2.670M
Total Liabilities $175.5M $166.2M
YoY Change 5.6% -22.57%
SHAREHOLDERS EQUITY
Retained Earnings $262.0M $206.7M
YoY Change 26.77% 24.63%
Common Stock $50.00K $49.00K
YoY Change 2.04% 2.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $130.0M $90.95M
YoY Change 42.92% 45.65%
Treasury Stock Shares 9.069M shares 7.856M shares
Shareholders Equity $412.6M $373.5M
YoY Change
Total Liabilities & Shareholders Equity $588.1M $539.7M
YoY Change 8.98% -3.05%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $11.48M $5.253M
YoY Change 118.47% 4.89%
Depreciation, Depletion And Amortization $4.876M $4.859M
YoY Change 0.35% 11.06%
Cash From Operating Activities $28.20M $18.60M
YoY Change 51.61% -48.51%
INVESTING ACTIVITIES
Capital Expenditures $1.865M $2.270M
YoY Change -17.84% -16.57%
Acquisitions
YoY Change
Other Investing Activities -$28.70M -$6.000M
YoY Change 378.33% -23.08%
Cash From Investing Activities -$30.60M -$8.400M
YoY Change 264.29% -20.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.19M $7.470M
YoY Change 63.15% 16.48%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.70M -7.400M
YoY Change 44.59% -5.86%
NET CHANGE
Cash From Operating Activities 28.20M 18.60M
Cash From Investing Activities -30.60M -8.400M
Cash From Financing Activities -10.70M -7.400M
Net Change In Cash -13.10M 2.800M
YoY Change -567.86% -84.23%
FREE CASH FLOW
Cash From Operating Activities $28.20M $18.60M
Capital Expenditures $1.865M $2.270M
Free Cash Flow $26.34M $16.33M
YoY Change 61.27% -51.11%

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CY2014Q2 dei Entity Registrant Name
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NETSCOUT SYSTEMS INC
CY2014Q2 dei Trading Symbol
TradingSymbol
NTCT

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