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)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments418,998409,306703,198476,453386,458485,976
Cash and cash equivalents386,794352,044636,161467,176338,489409,632
Short-term investments32,20457,26267,0379,27747,96976,344
Receivables143,855215,838148,245197,717213,514238,672
Inventory, net of allowances, customer advances and progress billings17,95618,62128,22022,81322,22726,270
Inventory17,95618,62128,22022,81322,22726,270
Prepaid expense2,2358,7809,3491,90613,50518,000
Other undisclosed current assets34,31629,40232,92723,58324,03932,304
Total current assets:617,360681,947921,939722,472659,743801,222
Noncurrent Assets
Operating lease, right-of-use asset51,45651,09654,99661,51268,583
Property, plant and equipment34,73537,59041,33748,47457,71558,951
Long-term investments and receivables8,9406,906  2,6131,012
Long-term investments8,9406,906  2,6131,012
Intangible assets, net (including goodwill)2,090,9952,107,9862,156,5752,229,4202,307,8592,384,603
Goodwill1,724,4041,725,7291,723,1561,717,5541,725,6801,715,485
Intangible assets, net (excluding goodwill)366,591382,257433,419511,866582,179669,118
Deferred income tax assets4,5346,6936,8838,0966,220
Other noncurrent assets12,54011,89412,97915,06417,77016,988
Other undisclosed noncurrent assets      7,218
Total noncurrent assets:2,203,2002,222,1652,272,7702,362,5662,460,7602,468,772
TOTAL ASSETS:2,820,5602,904,1123,194,7093,085,0383,120,5033,269,994
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities130,426111,824134,164129,173118,379107,428
Taxes payable4,3537,0259031,318
Employee-related liabilities75,78883,05775,63258,501
Accounts payable16,47315,45121,95917,96420,00424,582
Accrued liabilities113,95396,37332,06421,12721,84023,027
Deferred revenue311,531317,406330,585269,748270,281
Debt     10,337 
Contract with customer, liability272,508
Other undisclosed current liabilities11,65010,77911,41112,354  
Total current liabilities:453,607440,009476,160411,275398,997379,936
Noncurrent Liabilities
Long-term debt and lease obligation100,000200,000403,927411,267520,658550,000
Long-term debt, excluding current maturities100,000200,000350,000350,000450,000550,000
Liabilities, other than long-term debt237,304258,950254,227256,717148,535150,396
Deferred revenue129,814127,513133,121103,310104,240
Contract with customer, liability94,619
Deferred compensation liability, classified26,04934,18234,73739,47934,25636,284
Deferred income tax liabilities24,93940,11978,89992,287 
Other liabilities7,6837,5547,47021,64110,03919,493
Operating lease, liability48,81949,58253,92761,26770,658
Other undisclosed noncurrent liabilities     114,394124,229
Total noncurrent liabilities:337,304458,950658,154667,984783,587824,625
Total liabilities:790,911898,9591,134,3141,079,2591,182,5841,204,561
Equity
Equity, attributable to parent2,029,6492,005,1532,060,3952,005,7791,937,9192,065,433
Common stock128128126124122120
Treasury stock, value(1,546,128)(1,545,922)(1,373,840)(1,322,496)(1,305,935)(1,119,063)
Additional paid in capital3,099,6983,077,8663,023,4032,955,4002,891,5532,828,922
Accumulated other comprehensive income (loss)5,738(353)141(1,940)(3,160)(2,639)
Retained earnings470,213473,434410,565374,691355,339358,093
Total equity:2,029,6492,005,1532,060,3952,005,7791,937,9192,065,433
TOTAL LIABILITIES AND EQUITY:2,820,5602,904,1123,194,7093,085,0383,120,5033,269,994

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues914,530944,119855,575831,282891,820909,918
Cost of revenue(223,098)(219,188)(214,186)(222,097)(242,192)(254,127)
Gross profit:691,432724,931641,389609,185649,628655,791
Operating expenses(613,768)(621,333)(592,755)(572,055)(631,990)(727,371)
Operating income (loss):77,664103,59848,63437,13017,638(71,580)
Nonoperating expense(9,249)(539)(5,742)(14,826)(15,714)(21,332)
Investment income, nonoperating4,9232,2992976464,5285,245
Other nonoperating income (expense)(3,924)3,7332,009(4,593)355(434)
Interest and debt expense(10,248)881(596)(10,879)(20,597)(26,143)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (8,497) 10,87920,59726,143
Income (loss) from continuing operations before equity method investments, income taxes:58,16795,44342,29622,3041,924(92,912)
Other undisclosed income from continuing operations before income taxes10,2487,616596   
Income (loss) from continuing operations before income taxes:68,415103,05942,89222,3041,924(92,912)
Income tax expense (benefit)(8,767)(12,231)(7,018)(2,952)(4,678)19,588
Income (loss) from continuing operations:59,64890,82835,87419,352(2,754)(73,324)
Income (loss) before gain (loss) on sale of properties:38,21035,87419,352(2,754)(73,324)
Net income (loss) available to common stockholders, diluted:59,64890,82835,87419,352(2,754)(73,324)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):59,64890,82835,87419,352(2,754)(73,324)
Other comprehensive income (loss) (2,448) (824)657(521)(5,534)
Other undisclosed comprehensive loss (824)    
Comprehensive income (loss):57,20090,00435,05020,009(3,275)(78,858)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent8,045(1,011)2,905563  
Comprehensive income (loss), net of tax, attributable to parent:65,24588,99337,95520,572(3,275)(78,858)

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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