Netgear 2013 Annual Report Download - page 59

Download and view the complete annual report

Please find page 59 of the 2013 Netgear annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 121

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121

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.
56
December 31,
2013
December 31,
2012
ASSETS
Current assets:
Cash and cash equivalents
$
143,009
$
149,032
Short-term investments
105,145
227,845
Accounts receivable, net
266,484
256,014
Inventories
224,456
174,903
Deferred income taxes
27,239
22,691
Prepaid expenses and other current assets
33,778
33,724
Total current assets
800,111
864,209
Property and equipment, net
27,194
19,025
Intangibles, net
84,118
27,621
Goodwill
155,916
100,880
Other non-current assets
26,591
22,834
Total assets
$
1,093,930
$
1,034,569
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
$
114,531
$
87,310
Accrued employee compensation
16,551
18,338
Other accrued liabilities
143,218
126,255
Deferred revenue
24,496
27,645
Income taxes payable
1,287
1,382
Total current liabilities
300,083
260,930
Non-current income taxes payable
13,804
13,735
Other non-current liabilities
6,260
5,293
Total liabilities
320,147
279,958
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; shared issued and outstanding:
36,839,522 and 38,341,644 at December 31, 2013 and 2012, respectively
37
38
Additional paid-in capital
421,901
394,427
Cumulative other comprehensive income
69
4
Retained earnings
351,776
360,142
Total stockholders’ equity
773,783
754,611
Total liabilities and stockholders’ equity
$
1,093,930
$
1,034,569