10-Q Filing

RIVERBED TECHNOLOGY, INC. CIK: 1357326 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001357326-12-000004`
Period End Date	20120331
Filing Date	20120430
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	rvbd-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 42 Cash Flow Statement 60 Comprehensive Income 2

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Trade receivable, net of allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.59M	USD	Point-in-time
Trade receivable, net of allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.15M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$215.48M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$165.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$254.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.95M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$230.03M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$254.75M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Trade receivables, net of allowances of $1,152 and $1,586 as of March 31, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$71.33M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Trade receivables, net of allowances of $1,152 and $1,586 as of March 31, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$78.02M	USD	Point-in-time
Inventory	`InventoryNet`	$11.44M	USD	Point-in-time
Inventory	`InventoryNet`	$18.88M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	157.45M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$16.78M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	158.52M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$19.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	158.52M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.08M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$39.58M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	157.45M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$633.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$611.54M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$130.45M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$123.13M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$29.28M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$32.13M	USD	Point-in-time
Goodwill	`Goodwill`	$117.47M	USD	Point-in-time
Goodwill	`Goodwill`	$117.63M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$69.03M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$68.27M	USD	Point-in-time
Deferred tax assets, non-current	`DeferredTaxAssetsGrossNoncurrent`	$56.71M	USD	Point-in-time
Deferred tax assets, non-current	`DeferredTaxAssetsGrossNoncurrent`	$57.93M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$24.79M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$24.79M	USD	Point-in-time
Total assets	`Assets`	$1.07B	USD	Point-in-time
Total assets	`Assets`	$1.03B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$35.34M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$33.66M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$61.26M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$39.78M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$42.96M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$130.20M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$121.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$239.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$260.69M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$36.25M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$39.45M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$24.19M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$23.20M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$63.64M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$59.45M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value - 30,000 shares authorized, no shares outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value - 30,000 shares authorized, no shares outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock and additional paid-in-capital; $0.0001 par value - 600,000 shares authorized; 158,517 and 157,454 shares issued and outstanding as of March 31, 2012 and December 31, 2011, respectively	`CommonStockIncludingAdditionalPaidInCapital`	$631.92M	USD	Point-in-time
Common stock and additional paid-in-capital; $0.0001 par value - 600,000 shares authorized; 158,517 and 157,454 shares issued and outstanding as of March 31, 2012 and December 31, 2011, respectively	`CommonStockIncludingAdditionalPaidInCapital`	$673.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$90.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$83.12M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.76M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$761.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$711.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.03B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.07B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$112.15M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$117.03M	USD	1 Quarter
Support and services	`SalesRevenueServicesNet`	$65.38M	USD	1 Quarter
Support and services	`SalesRevenueServicesNet`	$51.41M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$182.41M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$163.56M	USD	1 Quarter
Cost of product	`CostOfGoodsSold`	$27.89M	USD	1 Quarter
Cost of product	`CostOfGoodsSold`	$23.73M	USD	1 Quarter
Cost of support and services	`CostOfServices`	$18.78M	USD	1 Quarter
Cost of support and services	`CostOfServices`	$15.22M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$46.67M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$38.95M	USD	1 Quarter
Gross profit	`GrossProfit`	$124.61M	USD	1 Quarter
Gross profit	`GrossProfit`	$135.74M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$61.08M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$73.81M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$28.31M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$34.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.68M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.63M	USD	1 Quarter
Acquisition-related costs	`BusinessCombinationAcquisitionRelatedCosts`	$556.00K	USD	1 Quarter
Acquisition-related costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$103.08M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$123.12M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$21.53M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$12.63M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.50M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$498.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.03M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.12M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.17M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.04M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	157.86M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	152.03M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	167.51M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	166.46M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.76M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.68M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$22.98M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$21.94M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-3.24M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-5.02M	USD	1 Quarter
Excess tax benefit from employee stock plans	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$21.22M	USD	1 Quarter
Excess tax benefit from employee stock plans	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$10.70M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$10.50M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-6.69M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$347.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$7.33M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$18.49M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.49M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.56M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-296.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-30.22M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.64M	USD	1 Quarter
Acquisition-related contingent consideration	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Acquisition-related contingent consideration	`IncreaseDecreaseInOtherOperatingLiabilities`	$235.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$10.74M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$21.68M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$12.27M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$16.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.12M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.79M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.34M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.65M	USD	1 Quarter
Purchase of available for sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$168.24M	USD	1 Quarter
Purchase of available for sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$171.50M	USD	1 Quarter
Proceeds from maturities of available for sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$112.96M	USD	1 Quarter
Proceeds from maturities of available for sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$143.04M	USD	1 Quarter
Proceeds from sales of available for sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$23.20M	USD	1 Quarter
Proceeds from sales of available for sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$44.85M	USD	1 Quarter
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.46M	USD	1 Quarter
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.28M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.42M	USD	1 Quarter
Proceeds from issuance of common stock under employee stock plans, net of repurchases	`ProceedsFromStockPlans`	$20.34M	USD	1 Quarter
Proceeds from issuance of common stock under employee stock plans, net of repurchases	`ProceedsFromStockPlans`	$8.91M	USD	1 Quarter
Payments for repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Payments for repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.41M	USD	1 Quarter
Excess tax benefit from employee stock plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$10.70M	USD	1 Quarter
Excess tax benefit from employee stock plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$21.22M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.56M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$18.20M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.22M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$293.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$31.22M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$38.82M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$215.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$165.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$254.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$196.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$165.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$254.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$215.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$196.95M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.32M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.16M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.