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Table of Contents
NETGEAR, INC.
CONSOLIDATED BALANCE SHEETS
The accompanying notes are an integral part of these consolidated financial statements.
42
December 31,
2005
2006
(In thousands, except
share and per share data)
ASSETS
Current assets:
Cash and cash equivalents
$
90,002
$
87,736
Short
-
term investments
83,654
109,729
Accounts receivable, net
104,269
119,601
Inventories
51,873
77,932
Deferred income taxes
11,503
13,415
Prepaid expenses and other current assets
9,408
15,946
Total current assets
350,709
424,359
Property and equipment, net
4,702
6,568
Intangibles, net
—
975
Goodwill
558
3,800
Other non
-
current assets
328
2,202
Total assets
$
356,297
$
437,904
LIABILITIES AND STOCKHOLDERS
’
EQUITY
Current liabilities:
Accounts payable
$
38,912
$
39,818
Accrued employee compensation
7,743
11,803
Other accrued liabilities
66,279
75,909
Deferred revenue
4,304
8,215
Income taxes payable
3,055
7,737
Total current liabilities
120,293
143,482
Commitments and contingencies (Note 6)
Stockholders
’
equity:
Preferred stock: $0.001 par value; 5,000,000 shares authorized in 2005 and 2006; none
outstanding in 2005 or 2006
—
—
Common stock: $0.001 par value; 200,000,000 shares authorized in 2005 and 2006;
shares issued and outstanding: 32,963,596 in 2005 and 33,960,506 in 2006
33
33
Additional paid
-
in capital
204,754
221,487
Deferred stock
-
based compensation
(468
)
—
Cumulative other comprehensive loss
(90
)
(5
)
Retained earnings
31,775
72,907
Total stockholders
’
equity
236,004
294,422
Total liabilities and stockholders
’
equity
$
356,297
$
437,904