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Table of Contents
NETGEAR, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
The accompanying notes are an integral part of these consolidated financial statements.
57
December 31,
2011
2010
ASSETS
Current assets:
Cash and cash equivalents
$
208,898
$
126,173
Short
-
term investments
144,797
144,564
Accounts receivable, net
261,307
226,731
Inventories
163,724
127,394
Deferred income taxes
23,088
19,332
Prepaid expenses and other current assets
32,415
23,850
Total current assets
834,229
668,044
Property and equipment, net
15,884
17,503
Intangibles, net
20,956
6,241
Goodwill
85,944
74,198
Other non
-
current assets
14,357
14,335
Total assets
$
971,370
$
780,321
LIABILITIES AND STOCKHOLDERS
’
EQUITY
Current liabilities:
Accounts payable
$
117,285
$
89,155
Accrued employee compensation
26,896
24,130
Other accrued liabilities
120,480
110,413
Deferred revenue
40,093
27,538
Income taxes payable
4,207
3,487
Total current liabilities
308,961
254,723
Non
-
current income taxes payable
18,657
19,719
Other non
-
current liabilities
4,995
5,443
Total liabilities
332,613
279,885
Commitments and contingencies (Note 9)
Stockholders
’
equity:
Preferred stock: $0.001 par value; 5,000,000 shares authorized; none issued or outstanding.
—
—
Common stock: $0.001 par value; 200,000,000 shares authorized; shares issued and outstanding: 37,646,872
and 36,173,406 at December 31, 2011 and 2010, respectively.
38
36
Additional paid
-
in capital
364,243
316,108
Cumulative other comprehensive income
23
281
Retained earnings
274,453
184,011
Total stockholders
’
equity
638,757
500,436
Total liabilities and stockholders
’
equity
$
971,370
$
780,321