Netgear 2012 Annual Report Download - page 58
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Table of Contents
NETGEAR, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
The accompanying notes are an integral part of these consolidated financial statements.
54
Year Ended December 31,
2012
2011
2010
Net revenue
$
1,271,921
$
1,181,018
$
902,052
Cost of revenue
888,368
811,572
602,805
Gross profit
383,553
369,446
299,247
Operating expenses:
Research and development
61,066
48,699
39,972
Sales and marketing
149,766
154,562
131,570
General and administrative
45,027
39,423
36,220
Restructuring and other charges
1,190
2,094
(88
)
Litigation reserves, net
390
(201
)
211
Total operating expenses
257,439
244,577
207,885
Income from operations
126,114
124,869
91,362
Interest income
498
477
426
Other income (expense), net
2,670
(1,136
)
(564
)
Income before income taxes
129,282
124,210
91,224
Provision for income taxes
42,743
32,842
40,315
Net income
$
86,539
$
91,368
$
50,909
Net income per share:
Basic
$
2.27
$
2.46
$
1.44
Diluted
$
2.23
$
2.41
$
1.41
Weighted average shares outstanding used to compute net income per share:
Basic
38,057
37,121
35,385
Diluted
38,747
37,932
36,124