NetScout Systems, Inc. (NTCT) Financial Statements (2024 and earlier)

Company Profile

Business Address 310 LITTLETON ROAD
WESTFORD, MA 01886
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments328,596384,603418,998409,306367,131374,646
Cash and cash equivalents279,944332,716386,794352,044320,325332,502
Short-term investments48,65251,88732,20457,26246,80642,144
Receivables152,603108,292143,855215,838139,126112,889
Inventory, net of allowances, customer advances and progress billings15,90918,44917,95618,62124,06322,840
Inventory15,90918,44917,95618,62124,06322,840
Prepaid expense13,61910,8342,2358,78030,42021,271
Other undisclosed current assets29,79427,49334,31629,40227,64931,749
Total current assets:540,521549,671617,360681,947588,389563,395
Noncurrent Assets
Operating lease, right-of-use asset47,00049,43251,45651,09649,75752,473
Property, plant and equipment30,63733,20734,73537,59038,75240,328
Long-term investments and receivables3,9595,8818,9406,906  
Long-term investments3,9595,8818,9406,906  
Intangible assets, net (including goodwill)2,058,4492,076,0332,090,9952,107,9862,126,9922,141,150
Goodwill1,722,0041,723,5361,724,4041,725,7291,733,3421,726,200
Intangible assets, net (excluding goodwill)336,445352,497366,591382,257393,650414,950
Deferred income tax assets4,4684,6104,5346,6936,2326,646
Other noncurrent assets12,67711,76312,54011,89411,93112,643
Total noncurrent assets:2,157,1902,180,9262,203,2002,222,1652,233,6642,253,240
TOTAL ASSETS:2,697,7112,730,5972,820,5602,904,1122,822,0532,816,635
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities72,44588,686130,426111,824160,364160,890
Taxes payable5742,924
Employee-related liabilities55,38551,000
Accounts payable15,56914,40016,47315,45121,47419,848
Accrued liabilities56,87674,286113,95396,37382,93187,118
Deferred revenue275,008282,773311,531317,406287,328297,243
Other undisclosed current liabilities11,67111,72711,65010,779(45,496)(42,939)
Total current liabilities:359,124383,186453,607440,009402,196415,194
Noncurrent Liabilities
Long-term debt and lease obligation100,000100,000100,000200,000248,839251,409
Long-term debt, excluding current maturities100,000100,000100,000200,000200,000200,000
Liabilities, other than long-term debt198,917216,201237,304258,950233,372243,143
Deferred revenue119,305122,381129,814127,513123,477126,621
Deferred compensation liability, classified25,36326,25726,04934,18230,91733,688
Deferred income tax liabilities3,22413,62524,93940,11971,51075,192
Other liabilities7,3717,5347,6837,5547,4687,642
Operating lease, liability43,65446,40448,81949,58248,83951,409
Total noncurrent liabilities:298,917316,201337,304458,950482,211494,552
Total liabilities:658,041699,387790,911898,959884,407909,746
Equity
Equity, attributable to parent2,039,6702,031,2102,029,6492,005,1531,937,6461,906,889
Common stock130130128128128127
Treasury stock, value(1,596,026)(1,559,534)(1,546,128)(1,545,922)(1,497,886)(1,489,687)
Additional paid in capital3,142,7123,118,7983,099,6983,077,8663,015,6442,993,163
Accumulated other comprehensive income (loss)5,3795,8035,738(353)(1,056)(147)
Retained earnings487,475466,013470,213473,434420,816403,433
Total equity:2,039,6702,031,2102,029,6492,005,1531,937,6461,906,889
TOTAL LIABILITIES AND EQUITY:2,697,7112,730,5972,820,5602,904,1122,822,0532,816,635

Income Statement (P&L) ($ in thousands)

12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
Revenues196,802211,138250,146269,544228,081208,812
Cost of revenue(43,052)(50,396)(56,574)(56,802)(57,641)(57,714)
Gross profit:153,750160,742193,572212,742170,440151,098
Operating expenses(127,458)(165,437)(172,861)(148,992)(149,037)(160,225)
Operating income (loss):26,292(4,695)20,71163,75021,403(9,127)
Nonoperating income (expense)1,182(639)(4,670)(3,172)(2,024)(1,358)
Investment income, nonoperating2,5092,2884,7691,480756276
Other nonoperating income (expense)847(834)(5,505)(1,738)(538)230
Interest and debt expense(2,174)(2,093)(9,652)(2,914)(2,242)(1,864)
Income (loss) from continuing operations before equity method investments, income taxes:25,300(7,427)6,38957,66417,137(12,349)
Other undisclosed income from continuing operations before income taxes2,1742,0939,6522,9142,2421,864
Income (loss) from continuing operations before income taxes:27,474(5,334)16,04160,57819,379(10,485)
Income tax expense (benefit)(6,012)1,134(673)(7,960)(1,996)3,353
Income (loss) from continuing operations:21,462(4,200)15,36852,61817,383(7,132)
Income (loss) before gain (loss) on sale of properties:17,383(7,132)
Net income (loss) available to common stockholders, diluted:21,462(4,200)15,36852,61817,383(7,132)

Comprehensive Income ($ in thousands)

12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
Net income (loss):21,462(4,200)15,36852,61817,383(7,132)
Other undisclosed comprehensive loss   (2,448)   
Comprehensive income (loss):21,462(4,200)12,92052,61817,383(7,132)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(424)657,900703(909)(288)
Comprehensive income (loss), net of tax, attributable to parent:21,038(4,135)20,82053,32116,474(7,420)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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