XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Oct. 01, 2017
Cash flows from operating activities:    
Net income (loss) $ (36,410) $ 3,886
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 3,406 2,811
Stock-based compensation 5,336 1,855
Deferred income taxes (438) (220)
Premium amortization / discount accretion on investments, net (3) 0
Changes in assets and liabilities:    
Accounts receivable, net (69,724) (12,292)
Receivables from NETGEAR (24,611) 0
Inventories (50,009) (27,465)
Prepaid expenses and other assets (6,845) (202)
Accounts payable 53,717 (2,398)
Payables to NETGEAR 14,137 0
Deferred revenue 7,169 13,914
Accrued liabilities 57,823 14,021
Income taxes payable 143 1,018
Net cash used in operating activities (46,309) (5,072)
Cash flows from investing activities:    
Purchases of property and equipment (10,854) (2,182)
Purchases of short-term investments (39,774) 0
Payments made in connection with business acquisition, net of cash acquired 0 (737)
Net cash used in investing activities (50,628) (2,919)
Cash flows from financing activities:    
Proceeds from initial public offering, net of offering costs 173,395 0
Net investment from parent 71,507 7,950
Net cash provided by financing activities 244,902 7,950
Net increase (decrease) in cash and cash equivalents 147,965 (41)
Cash and cash equivalents, at beginning of period 108 220
Cash and cash equivalents, at end of period 148,073 179
Non-cash investing and financing activities:    
Purchases and transfers of property and equipment 5,279 574
Estimated fair value of a facility under build-to-suit lease $ 21,858 $ 0