← NETSCOUT SYSTEMS INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $33.3m | $79.8m | ($73.3m) | ($2.8m) | $19.4m | $35.9m | $59.6m | ($147.7m) | ($366.9m) | $95.5m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $52.2m | ($18.7m) | ($92.9m) | $1.9m | $22.3m | $42.9m | $68.4m | ($144.5m) | ($365.8m) | $118.5m | |
| Depreciation, Depletion and Amortization | $160.9m | $153.5m | $137.9m | $116.1m | $105.8m | $95.8m | $85.9m | $75.0m | $63.8m | $56.5m | |
| Amortization of Intangible Assets | $126.1m | $117.0m | $108.4m | $91.2m | $81.6m | $74.4m | $66.0m | $58.0m | $51.0m | $47.1m | |
| Capitalized Computer Software, Amortization | $594k | $1.0m | $1.1m | $500k | $100k | $37k | — | — | — | — | |
| Depreciation | $33.0m | $34.7m | $27.4m | $23.4m | $22.4m | $20.1m | $18.8m | $15.9m | $11.9m | $10.2m | |
| Deferred Income Tax Expense (Benefit) | ($11.0m) | ($127.8m) | ($33.4m) | ($9.8m) | ($23.8m) | ($12.7m) | ($54.0m) | ($45.9m) | ($37.6m) | ($28.1m) | |
| Deferred Other Tax Expense (Benefit) | ($11.3m) | ($126.8m) | ($34.0m) | ($9.7m) | ($24.1m) | ($12.5m) | ($53.7m) | ($46.0m) | ($37.5m) | ($27.8m) | |
| Share-based Payment Arrangement, Noncash Expense | $39.2m | $47.3m | $56.3m | $50.9m | $51.9m | $56.1m | $62.0m | $70.8m | $64.8m | $59.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $12.0m | $11.9m | $13.3m | $15.7m | $19.4m | $19.4m | $14.0m | $15.9m | |
| Share-based Payment Arrangement, Expense | $39.2m | $47.3m | $56.3m | $50.9m | $51.9m | $56.1m | $62.0m | $70.8m | $64.8m | $59.9m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $217.3m | $427.0m | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | $35.9m | $0 | $0 | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | $0 | $0 | ($596k) | $0 | $0 | ($1.1m) | $0 | |
| Gain (Loss) on Disposition of Business | — | — | ($9.5m) | $0 | $0 | — | — | $3.8m | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($271k) | ($481k) | ($260k) | ($16k) | ($236k) | ($5k) | ($49k) | ($303k) | ($15k) | ($23k) | |
| Income Tax Expense (Benefit) | $18.9m | ($98.5m) | ($19.6m) | $4.7m | $3.0m | $7.0m | $8.8m | $3.2m | $1.1m | $23.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $7.2m | $1.7m | |
| Other Nonoperating Income (Expense) | ($1.7m) | ($3.8m) | ($434k) | $355k | ($4.6m) | $2.0m | ($3.9m) | $4.4m | ($1.8m) | ($3.4m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $48.1m | ($85.0m) | $22.2m | ($21.5m) | ($16.9m) | ($49.3m) | ($4.9m) | $48.4m | ($28.7m) | ($12.4m) | |
| Increase (Decrease) in Inventories | ($12.5m) | ($1.0m) | ($5.3m) | ($1.5m) | $2.0m | $8.0m | ($9.0m) | ($609k) | ($128k) | $2.2m | |
| Increase (Decrease) in Accounts Payable | $405k | ($8.9m) | ($3.9m) | ($4.3m) | ($1.7m) | $4.2m | ($5.5m) | ($1.9m) | $3.2m | $4.7m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | $48k | $2.0m | $479k | $485k | $195k | $163k | |
| Purchases of property and equipment, accrued but unpaid | $29.7m | $15.9m | $23.4m | $19.9m | $12.0m | $10.3m | $10.5m | $6.3m | $5.4m | $9.1m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | — | ($5.5m) | ($393k) | ($988k) | |
| Foreign Currency Transaction Gain (Loss), Realized | ($2.5m) | ($4.1m) | ($2.0m) | ($700k) | ($5.5m) | ($200k) | ($2.8m) | ($1.9m) | ($2.0m) | ($3.6m) | |
| General and Administrative Expense | $118.4m | $109.5m | $93.6m | $100.0m | $89.0m | $97.7m | $103.5m | $95.9m | $96.7m | $103.2m | |
| Goodwill | $1.7b | $1.7b | $1.7b | $1.7b | $1.7b | $1.7b | $1.7b | $1.5b | $1.1b | $1.1b | |
| Investment Income, Interest | $1.0m | $1.8m | $5.2m | $4.5m | $646k | $297k | $4.9m | $9.6m | $10.7m | $13.8m | |
| Nonoperating Income (Expense) | ($9.9m) | ($14.6m) | ($21.3m) | ($15.7m) | ($14.8m) | ($5.7m) | ($9.2m) | $5.3m | $1.8m | $8.7m | |
| Operating Expenses | $753.9m | $718.9m | $727.4m | $632.0m | $572.1m | $592.8m | $613.8m | $791.9m | $1.0b | $572.7m | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | ($1.4m) | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | — | — | $206k | $0 | $0 | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | — | ($437k) | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $227.8m | $222.5m | $149.8m | $225.0m | $213.9m | $296.0m | $156.7m | $58.8m | $217.7m | $294.5m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $29.7m | $15.9m | $23.4m | $19.9m | $12.0m | $10.3m | $10.5m | $6.3m | $5.4m | $9.1m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $4.6m | $8.3m | $0 | $11.3m | $0 | $0 | — | — | — | — | |
| Payments to Acquire Investments | — | — | — | — | — | — | — | $52.8m | $45.1m | $163.4m | |
| Net Cash Provided by (Used in) Investing Activities | ($42.3m) | $57.1m | ($26.3m) | ($4.3m) | $24.7m | ($68.4m) | $15.3m | $13.4m | ($7.0m) | ($92.8m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | $294.6m | $0 | $0 | $0 | $350.0m | $0 | $0 | $75.0m | $0 | |
| Repayments of Long-term Debt | — | — | $50.0m | $100.0m | $100.0m | $350.0m | $250.0m | $0 | $175.0m | $0 | |
| Payments for Repurchase of Common Stock | $89.6m | $501.3m | $14.5m | $175.0m | $3.3m | $35.7m | $150.0m | $50.0m | $25.3m | $60.8m | |
| Net Cash Provided by (Used in) Financing Activities | ($90.6m) | ($221.0m) | ($79.3m) | ($286.9m) | ($118.3m) | ($54.2m) | ($419.4m) | ($69.4m) | ($142.0m) | ($76.7m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($761k) | $6.4m | ($5.2m) | ($3.4m) | $6.6m | ($4.5m) | ($1.9m) | $63k | ($922k) | $4.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($761k) | $65.0m | $39.1m | ($69.6m) | $126.9m | $169.0m | ($249.4m) | $2.9m | $67.7m | $129.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $370.7m | $409.8m | $340.2m | $467.2m | $636.2m | $386.8m | $389.7m | $457.4m | $586.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $6.4m | $9.6m | $23.3m | $17.6m | $7.7m | $5.0m | $8.1m | $6.4m | $4.2m | $0 | |
| Income Taxes Paid, Net | $49.3m | $18.2m | $13.4m | $13.1m | $11.5m | $31.7m | $55.9m | $62.3m | $41.8m | $42.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.