NetScout Systems, Inc. (NTCT) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments553476386486448443339
Cash and cash equivalents548467338410370305211
Short-term investments59487678138128
Receivables234198214239213294247
Inventory, net of allowances, customer advances and progress billings22232226354058
Inventory22232226354058
Prepaid expense421418234018
Other undisclosed current assets26242432343778
Total current assets:840722660801752854740
Noncurrent Assets
Operating lease, right-of-use asset566269
Property, plant and equipment43485859536162
Long-term investments and receivables  31 2213
Long-term investments  31 2213
Intangible assets, net (including goodwill)2,1742,2292,3082,3852,5442,6492,763
Goodwill1,7211,7181,7261,7151,7131,7181,709
Intangible assets, net (excluding goodwill)4545125826698319311,054
Deferred income tax assets886
Other noncurrent assets131518171387
Other undisclosed noncurrent assets   7776
Total noncurrent assets:2,2942,3632,4612,4692,6162,7472,852
TOTAL ASSETS:3,1343,0853,1213,2703,3693,6023,593
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities123129118107111150160
Accounts payable18182025303744
Accrued liabilities32212223333032
Employee-related liabilities67837659477882
Taxes payable5711252
Deferred revenue297270270
Debt  10    
Deferred revenue and credits302311297
Contract with customer, liability273
Other undisclosed current liabilities1112     
Total current liabilities:431411399380413460457
Noncurrent Liabilities
Long-term debt and lease obligation406411521550   
Long-term debt, excluding current maturities350350450550   
Operating lease, liability566171
Liabilities, other than long-term debt249257149150287405392
Deferred revenue and credits918768
Deferred revenue122103104
Contract with customer, liability95
Deferred compensation liability, classified39393436353231
Deferred tax liabilities, net 152278285
Deferred income tax liabilities8192 
Other liabilities7221019843
Business combination, contingent consideration, liability     55
Other undisclosed noncurrent liabilities  114124600300300
Total noncurrent liabilities:655668784825887705692
Total liabilities:1,0861,0791,1831,2051,3001,1651,149
Stockholders' equity
Stockholders' equity attributable to parent2,0482,0061,9382,0652,0692,4362,443
Common stock0000000
Treasury stock, value(1,373)(1,322)(1,306)(1,119)(996)(571)(481)
Additional paid in capital3,0042,9552,8922,8292,6652,6942,643
Accumulated other comprehensive income (loss)(2)(2)(3)(3)3(3)(2)
Retained earnings419375355358396317283
Total stockholders' equity:2,0482,0061,9382,0652,0692,4362,443
TOTAL LIABILITIES AND EQUITY:3,1343,0853,1213,2703,3693,6023,593

Income statement (P&L) ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues8338318929109871,162955
Revenue, net9871,162955
Cost of revenue(209)(222)(242)(254)(272)(346)(328)
Cost of goods and services sold    (272)(346)(328)
Gross profit:624609650656715816627
Operating expenses(535)(572)(632)(727)(719)(754)(653)
Operating income (loss):893718(72)(4)62(26)
Nonoperating expense(7)(15)(16)(21)(15)(10)(7)
Investment income, nonoperating(3)155211
Other nonoperating income (expense)(4)(5)0(0)(4)(2)(1)
Interest and debt expense(1)(11)(21)(26)(13)(9)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(3)1121261396
Income (loss) from continuing operations before equity method investments, income taxes:77222(93)(19)52(32)
Other undisclosed income from continuing operations before income taxes4      
Income (loss) from continuing operations before income taxes:82222(93)(19)52(32)
Income tax expense (benefit)(8)(3)(5)2098(19)4
Net income (loss) available to common stockholders, diluted:7419(3)(73)8033(28)

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):7419(3)(73)8033(28)
Other comprehensive income (loss) 1(1)(6)6(2)3
Other undisclosed comprehensive income1      
Comprehensive income (loss):7420(3)(79)8631(25)
Other undisclosed comprehensive income, net of tax, attributable to parent11     
Comprehensive income (loss), net of tax, attributable to parent:7621(3)(79)8631(25)

Statements sources

The financial statements are based on the company's filings with the 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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