NETGEAR INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
NTGR$19.63-2.4%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| March 31,2024 | April 2,2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(18,650) | $(9,712) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 1,488 | 2,011 |
| Stock-based compensation | 4,544 | 4,665 |
| (Gain) Loss on investments, net | (883) | (663) |
| Deferred income taxes | 84 | (4,629) |
| Provision for excess and obsolete inventory | 1,132 | 1,174 |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | 12,288 | 84,945 |
| Inventories | 36,449 | (38,747) |
| Prepaid expenses and other assets | 367 | (1,778) |
| Accounts payable | (8,516) | (5,922) |
| Accrued employee compensation | 907 | (2,425) |
| Other accrued liabilities | (12,605) | (23,665) |
| Deferred revenue | 1,719 | 1,609 |
| Income taxes payable | (1,134) | 2,259 |
| Net cash provided by operating activities | 17,190 | 9,122 |
| Cash flows from investing activities: | ||
| Purchases of short-term investments | (38,829) | (38,733) |
| Proceeds from maturities of short-term investments | 30,000 | 25,006 |
| Purchases of property and equipment | (2,510) | (870) |
| Net cash used in investing activities | (11,339) | (14,597) |
| Cash flows from financing activities: | ||
| Repurchases of common stock | (11,444) | — |
| Restricted stock unit withholdings | (454) | (120) |
| Proceeds from issuance of common stock under employee stock purchase plan | 1,986 | 2,286 |
| Net cash provided by (used in) financing activities | (9,912) | 2,166 |
| Net decrease in cash and cash equivalents | (4,061) | (3,309) |
| Cash and cash equivalents, at beginning of period | 176,717 | 146,500 |
| Cash and cash equivalents, at end of period | $172,656 | $143,191 |
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